▶ 調査レポート

世界のウォームギア&ウォーム減速機市場予測(~2028年):シングル、ダブル

• 英文タイトル:Global Worm Gear and Worm Reducer Market 2022 by Manufacturers, Regions, Type and Application, Forecast to 2028

GlobalInfoResearchが調査・発行した産業分析レポートです。世界のウォームギア&ウォーム減速機市場予測(~2028年):シングル、ダブル / Global Worm Gear and Worm Reducer Market 2022 by Manufacturers, Regions, Type and Application, Forecast to 2028 / GIR-22E7525資料のイメージです。• レポートコード:GIR-22E7525
• 出版社/出版日:GlobalInfoResearch / 2022年5月
• レポート形態:英文、PDF、128ページ
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レポート概要
ウォームギア&ウォーム減速機市場レポートは、世界の市場規模、地域および国レベルの市場規模、セグメント市場の成長性、市場シェア、競争環境、販売分析、国内および世界の市場プレーヤーの影響、バリューチェーンの最適化、最近の動向、機会分析、市場成長の戦略的な分析、製品発売、地域市場の拡大などに関する情報を提供します。
GlobalInfoResearchの最新の調査によると、世界のウォームギア&ウォーム減速機の市場規模は2021年のxxx米ドルから2028年にはxxx米ドルと推定され、xxx%の成長率で成長すると予想されます。

ウォームギア&ウォーム減速機市場は種類と用途によって区分されます。2017年~2028年において、量と金額の観点から種類別および用途別セグメントの売上予測データを提供します。この分析は、適格なニッチ市場をターゲットにすることでビジネスを拡大するのに役立ちます。

種類別セグメントは次をカバーします。
・シングル、ダブル

用途別セグメントは次のように区分されます。
・エネルギー産業、化学、食品、自動車&輸送、その他

世界のウォームギア&ウォーム減速機市場の主要な市場プレーヤーは以下のとおりです。
・Siemens、Mitsubishi、SEW-Eurodrive、Nord、Bosch Rexroth、Emerson、ABB、Sumitomo Heavy Industries、Bonfiglioli、Rexnord、WEG、TECO、Watt Drive Antriebstechnik GmbH、Bauer Gear Motor、STOBER、ZAE AntriebsSysteme、JiangSu Tai Xing Long Reducer、Zhejiang Tongli Heavy Gear、Hongtai、Hsiang Neng

地域別セグメントは次の地域・国をカバーします。
・北米(米国、カナダ、メキシコ)
・ヨーロッパ(ドイツ、フランス、イギリス、ロシア、イタリア)
・アジア太平洋(日本、中国、韓国、インド、東南アジア、オーストラリア)
・南アメリカ(ブラジル、アルゼンチン、コロンビア)
・中東およびアフリカ(サウジアラビア、UAE、エジプト、南アフリカ)

本調査レポートの内容は計15章あります。
・第1章では、ウォームギア&ウォーム減速機製品の調査範囲、市場の概要、市場の成長要因・阻害要因、および市場動向について説明します。
・第2章では、主要なウォームギア&ウォーム減速機メーカーの企業概要、2019年~2022年までのウォームギア&ウォーム減速機の価格、販売量、売上、市場シェアを掲載しています。
・第3章では、主要なウォームギア&ウォーム減速機メーカーの競争状況、販売量、売上、世界市場シェアが重点的に比較分析されています。
・第4章では、2017年~2028年までの地域別ウォームギア&ウォーム減速機の販売量、売上、成長性を示しています。
・第5、6章では、2017年~2028年までのウォームギア&ウォーム減速機の種類別と用途別の市場規模、市場シェアと成長率を掲載しています。
・第7、8、9、10、11章では、2017年~2022年までの世界の主要国での販売量、売上、市場シェア、並びに2023年~2028年までの主要地域でのウォームギア&ウォーム減速機市場予測を収録しています。
・第12章では、主要な原材料、主要なサプライヤー、およびウォームギア&ウォーム減速機の産業チェーンを掲載しています。
・第13、14、15章では、ウォームギア&ウォーム減速機の販売チャネル、販売業者、顧客、調査結果と結論、付録、データソースなどについて説明します。

***** 目次(一部) *****

・市場概要
・メーカー情報(企業概要、製品概要、販売量、価格、売上):Siemens、Mitsubishi、SEW-Eurodrive、Nord、Bosch Rexroth、Emerson、ABB、Sumitomo Heavy Industries、Bonfiglioli、Rexnord、WEG、TECO、Watt Drive Antriebstechnik GmbH、Bauer Gear Motor、STOBER、ZAE AntriebsSysteme、JiangSu Tai Xing Long Reducer、Zhejiang Tongli Heavy Gear、Hongtai、Hsiang Neng
・メーカー別市場シェア
・地域別市場分析2017年-2028年
・種類別分析2017年-2028年:シングル、ダブル
・用途別分析2017年-2028年:エネルギー産業、化学、食品、自動車&輸送、その他
・ウォームギア&ウォーム減速機の北米市場規模2017年-2028年:アメリカ、カナダ、メキシコ
・ウォームギア&ウォーム減速機のヨーロッパ市場規模2017年-2028年:ドイツ、イギリス、フランス、ロシア、イタリア
・ウォームギア&ウォーム減速機のアジア市場規模2017年-2028年:中国、日本、韓国、インド、東南アジア、オーストラリア
・ウォームギア&ウォーム減速機の南米市場規模2017年-2028年:ブラジル、アルゼンチン
・ウォームギア&ウォーム減速機の中東・アフリカ市場規模2017年-2028年:サウジアラビア、トルコ、エジプト、南アフリカ
・原材料および産業チェーン
・販売チャネル、流通業者・代理店、顧客リスト
・調査の結果・結論

The Worm Gear and Worm Reducer market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
According to our (Global Info Research) latest study, due to COVID-19 pandemic, the global Worm Gear and Worm Reducer market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of USD million by 2028 with a CAGR of % during review period. Energy Industry accounting for % of the Worm Gear and Worm Reducer global market in 2021, is projected to value USD million by 2028, growing at a % CAGR in next six years. While Single Envelope segment is altered to a % CAGR between 2022 and 2028.
Global key manufacturers of Worm Gear and Worm Reducer include Siemens, Mitsubishi, SEW-Eurodrive, Nord, and Bosch Rexroth, etc. In terms of revenue, the global top four players hold a share over % in 2021.
Market segmentation
Worm Gear and Worm Reducer market is split by Type and by Application. For the period 2017-2028, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type, covers
Single Envelope
Double Envelope
Non-Enveloping
Market segment by Application can be divided into
Energy Industry
Chemical
Food
Automotive and Transportation
Others
The key market players for global Worm Gear and Worm Reducer market are listed below:
Siemens
Mitsubishi
SEW-Eurodrive
Nord
Bosch Rexroth
Emerson
ABB
Sumitomo Heavy Industries
Bonfiglioli
Rexnord
WEG
TECO
Watt Drive Antriebstechnik GmbH
Bauer Gear Motor
STOBER
ZAE AntriebsSysteme
JiangSu Tai Xing Long Reducer
Zhejiang Tongli Heavy Gear
Hongtai
Hsiang Neng
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Worm Gear and Worm Reducer product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Worm Gear and Worm Reducer, with price, sales, revenue and global market share of Worm Gear and Worm Reducer from 2019 to 2022.
Chapter 3, the Worm Gear and Worm Reducer competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Worm Gear and Worm Reducer breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2017 to 2028.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2017 to 2028.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2017 to 2022.and Worm Gear and Worm Reducer market forecast, by regions, type and application, with sales and revenue, from 2023 to 2028.
Chapter 12, the key raw materials and key suppliers, and industry chain of Worm Gear and Worm Reducer.
Chapter 13, 14, and 15, to describe Worm Gear and Worm Reducer sales channel, distributors, customers, research findings and conclusion, appendix and data source.

レポート目次

1 Market Overview
1.1 Worm Gear and Worm Reducer Introduction
1.2 Market Analysis by Type
1.2.1 Overview: Global Worm Gear and Worm Reducer Revenue by Type: 2017 Versus 2021 Versus 2028
1.2.2 Single Envelope
1.2.3 Double Envelope
1.2.4 Non-Enveloping
1.3 Market Analysis by Application
1.3.1 Overview: Global Worm Gear and Worm Reducer Revenue by Application: 2017 Versus 2021 Versus 2028
1.3.2 Energy Industry
1.3.3 Chemical
1.3.4 Food
1.3.5 Automotive and Transportation
1.3.6 Others
1.4 Global Worm Gear and Worm Reducer Market Size & Forecast
1.4.1 Global Worm Gear and Worm Reducer Sales in Value (2017 & 2021 & 2028)
1.4.2 Global Worm Gear and Worm Reducer Sales in Volume (2017-2028)
1.4.3 Global Worm Gear and Worm Reducer Price (2017-2028)
1.5 Global Worm Gear and Worm Reducer Production Capacity Analysis
1.5.1 Global Worm Gear and Worm Reducer Total Production Capacity (2017-2028)
1.5.2 Global Worm Gear and Worm Reducer Production Capacity by Geographic Region
1.6 Market Drivers, Restraints and Trends
1.6.1 Worm Gear and Worm Reducer Market Drivers
1.6.2 Worm Gear and Worm Reducer Market Restraints
1.6.3 Worm Gear and Worm Reducer Trends Analysis
2 Manufacturers Profiles
2.1 Siemens
2.1.1 Siemens Details
2.1.2 Siemens Major Business
2.1.3 Siemens Worm Gear and Worm Reducer Product and Services
2.1.4 Siemens Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.2 Mitsubishi
2.2.1 Mitsubishi Details
2.2.2 Mitsubishi Major Business
2.2.3 Mitsubishi Worm Gear and Worm Reducer Product and Services
2.2.4 Mitsubishi Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.3 SEW-Eurodrive
2.3.1 SEW-Eurodrive Details
2.3.2 SEW-Eurodrive Major Business
2.3.3 SEW-Eurodrive Worm Gear and Worm Reducer Product and Services
2.3.4 SEW-Eurodrive Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.4 Nord
2.4.1 Nord Details
2.4.2 Nord Major Business
2.4.3 Nord Worm Gear and Worm Reducer Product and Services
2.4.4 Nord Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.5 Bosch Rexroth
2.5.1 Bosch Rexroth Details
2.5.2 Bosch Rexroth Major Business
2.5.3 Bosch Rexroth Worm Gear and Worm Reducer Product and Services
2.5.4 Bosch Rexroth Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.6 Emerson
2.6.1 Emerson Details
2.6.2 Emerson Major Business
2.6.3 Emerson Worm Gear and Worm Reducer Product and Services
2.6.4 Emerson Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.7 ABB
2.7.1 ABB Details
2.7.2 ABB Major Business
2.7.3 ABB Worm Gear and Worm Reducer Product and Services
2.7.4 ABB Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.8 Sumitomo Heavy Industries
2.8.1 Sumitomo Heavy Industries Details
2.8.2 Sumitomo Heavy Industries Major Business
2.8.3 Sumitomo Heavy Industries Worm Gear and Worm Reducer Product and Services
2.8.4 Sumitomo Heavy Industries Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.9 Bonfiglioli
2.9.1 Bonfiglioli Details
2.9.2 Bonfiglioli Major Business
2.9.3 Bonfiglioli Worm Gear and Worm Reducer Product and Services
2.9.4 Bonfiglioli Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.10 Rexnord
2.10.1 Rexnord Details
2.10.2 Rexnord Major Business
2.10.3 Rexnord Worm Gear and Worm Reducer Product and Services
2.10.4 Rexnord Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.11 WEG
2.11.1 WEG Details
2.11.2 WEG Major Business
2.11.3 WEG Worm Gear and Worm Reducer Product and Services
2.11.4 WEG Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.12 TECO
2.12.1 TECO Details
2.12.2 TECO Major Business
2.12.3 TECO Worm Gear and Worm Reducer Product and Services
2.12.4 TECO Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.13 Watt Drive Antriebstechnik GmbH
2.13.1 Watt Drive Antriebstechnik GmbH Details
2.13.2 Watt Drive Antriebstechnik GmbH Major Business
2.13.3 Watt Drive Antriebstechnik GmbH Worm Gear and Worm Reducer Product and Services
2.13.4 Watt Drive Antriebstechnik GmbH Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.14 Bauer Gear Motor
2.14.1 Bauer Gear Motor Details
2.14.2 Bauer Gear Motor Major Business
2.14.3 Bauer Gear Motor Worm Gear and Worm Reducer Product and Services
2.14.4 Bauer Gear Motor Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.15 STOBER
2.15.1 STOBER Details
2.15.2 STOBER Major Business
2.15.3 STOBER Worm Gear and Worm Reducer Product and Services
2.15.4 STOBER Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.16 ZAE AntriebsSysteme
2.16.1 ZAE AntriebsSysteme Details
2.16.2 ZAE AntriebsSysteme Major Business
2.16.3 ZAE AntriebsSysteme Worm Gear and Worm Reducer Product and Services
2.16.4 ZAE AntriebsSysteme Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.17 JiangSu Tai Xing Long Reducer
2.17.1 JiangSu Tai Xing Long Reducer Details
2.17.2 JiangSu Tai Xing Long Reducer Major Business
2.17.3 JiangSu Tai Xing Long Reducer Worm Gear and Worm Reducer Product and Services
2.17.4 JiangSu Tai Xing Long Reducer Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.18 Zhejiang Tongli Heavy Gear
2.18.1 Zhejiang Tongli Heavy Gear Details
2.18.2 Zhejiang Tongli Heavy Gear Major Business
2.18.3 Zhejiang Tongli Heavy Gear Worm Gear and Worm Reducer Product and Services
2.18.4 Zhejiang Tongli Heavy Gear Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.19 Hongtai
2.19.1 Hongtai Details
2.19.2 Hongtai Major Business
2.19.3 Hongtai Worm Gear and Worm Reducer Product and Services
2.19.4 Hongtai Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.20 Hsiang Neng
2.20.1 Hsiang Neng Details
2.20.2 Hsiang Neng Major Business
2.20.3 Hsiang Neng Worm Gear and Worm Reducer Product and Services
2.20.4 Hsiang Neng Worm Gear and Worm Reducer Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
3 Worm Gear and Worm Reducer Breakdown Data by Manufacturer
3.1 Global Worm Gear and Worm Reducer Sales in Volume by Manufacturer (2019, 2020, 2021, and 2022)
3.2 Global Worm Gear and Worm Reducer Revenue by Manufacturer (2019, 2020, 2021, and 2022)
3.3 Key Manufacturer Market Position in Worm Gear and Worm Reducer
3.4 Market Concentration Rate
3.4.1 Top 3 Worm Gear and Worm Reducer Manufacturer Market Share in 2021
3.4.2 Top 6 Worm Gear and Worm Reducer Manufacturer Market Share in 2021
3.5 Global Worm Gear and Worm Reducer Production Capacity by Company: 2021 VS 2022
3.6 Manufacturer by Geography: Head Office and Worm Gear and Worm Reducer Production Site
3.7 New Entrant and Capacity Expansion Plans
3.8 Mergers & Acquisitions
4 Market Analysis by Region
4.1 Global Worm Gear and Worm Reducer Market Size by Region
4.1.1 Global Worm Gear and Worm Reducer Sales in Volume by Region (2017-2028)
4.1.2 Global Worm Gear and Worm Reducer Revenue by Region (2017-2028)
4.2 North America Worm Gear and Worm Reducer Revenue (2017-2028)
4.3 Europe Worm Gear and Worm Reducer Revenue (2017-2028)
4.4 Asia-Pacific Worm Gear and Worm Reducer Revenue (2017-2028)
4.5 South America Worm Gear and Worm Reducer Revenue (2017-2028)
4.6 Middle East and Africa Worm Gear and Worm Reducer Revenue (2017-2028)
5 Market Segment by Type
5.1 Global Worm Gear and Worm Reducer Sales in Volume by Type (2017-2028)
5.2 Global Worm Gear and Worm Reducer Revenue by Type (2017-2028)
5.3 Global Worm Gear and Worm Reducer Price by Type (2017-2028)
6 Market Segment by Application
6.1 Global Worm Gear and Worm Reducer Sales in Volume by Application (2017-2028)
6.2 Global Worm Gear and Worm Reducer Revenue by Application (2017-2028)
6.3 Global Worm Gear and Worm Reducer Price by Application (2017-2028)
7 North America by Country, by Type, and by Application
7.1 North America Worm Gear and Worm Reducer Sales by Type (2017-2028)
7.2 North America Worm Gear and Worm Reducer Sales by Application (2017-2028)
7.3 North America Worm Gear and Worm Reducer Market Size by Country
7.3.1 North America Worm Gear and Worm Reducer Sales in Volume by Country (2017-2028)
7.3.2 North America Worm Gear and Worm Reducer Revenue by Country (2017-2028)
7.3.3 United States Market Size and Forecast (2017-2028)
7.3.4 Canada Market Size and Forecast (2017-2028)
7.3.5 Mexico Market Size and Forecast (2017-2028)
8 Europe by Country, by Type, and by Application
8.1 Europe Worm Gear and Worm Reducer Sales by Type (2017-2028)
8.2 Europe Worm Gear and Worm Reducer Sales by Application (2017-2028)
8.3 Europe Worm Gear and Worm Reducer Market Size by Country
8.3.1 Europe Worm Gear and Worm Reducer Sales in Volume by Country (2017-2028)
8.3.2 Europe Worm Gear and Worm Reducer Revenue by Country (2017-2028)
8.3.3 Germany Market Size and Forecast (2017-2028)
8.3.4 France Market Size and Forecast (2017-2028)
8.3.5 United Kingdom Market Size and Forecast (2017-2028)
8.3.6 Russia Market Size and Forecast (2017-2028)
8.3.7 Italy Market Size and Forecast (2017-2028)
9 Asia-Pacific by Region, by Type, and by Application
9.1 Asia-Pacific Worm Gear and Worm Reducer Sales by Type (2017-2028)
9.2 Asia-Pacific Worm Gear and Worm Reducer Sales by Application (2017-2028)
9.3 Asia-Pacific Worm Gear and Worm Reducer Market Size by Region
9.3.1 Asia-Pacific Worm Gear and Worm Reducer Sales in Volume by Region (2017-2028)
9.3.2 Asia-Pacific Worm Gear and Worm Reducer Revenue by Region (2017-2028)
9.3.3 China Market Size and Forecast (2017-2028)
9.3.4 Japan Market Size and Forecast (2017-2028)
9.3.5 Korea Market Size and Forecast (2017-2028)
9.3.6 India Market Size and Forecast (2017-2028)
9.3.7 Southeast Asia Market Size and Forecast (2017-2028)
9.3.8 Australia Market Size and Forecast (2017-2028)
10 South America by Region, by Type, and by Application
10.1 South America Worm Gear and Worm Reducer Sales by Type (2017-2028)
10.2 South America Worm Gear and Worm Reducer Sales by Application (2017-2028)
10.3 South America Worm Gear and Worm Reducer Market Size by Country
10.3.1 South America Worm Gear and Worm Reducer Sales in Volume by Country (2017-2028)
10.3.2 South America Worm Gear and Worm Reducer Revenue by Country (2017-2028)
10.3.3 Brazil Market Size and Forecast (2017-2028)
10.3.4 Argentina Market Size and Forecast (2017-2028)
11 Middle East & Africa by Country, by Type, and by Application
11.1 Middle East & Africa Worm Gear and Worm Reducer Sales by Type (2017-2028)
11.2 Middle East & Africa Worm Gear and Worm Reducer Sales by Application (2017-2028)
11.3 Middle East & Africa Worm Gear and Worm Reducer Market Size by Country
11.3.1 Middle East & Africa Worm Gear and Worm Reducer Sales in Volume by Country (2017-2028)
11.3.2 Middle East & Africa Worm Gear and Worm Reducer Revenue by Country (2017-2028)
11.3.3 Turkey Market Size and Forecast (2017-2028)
11.3.4 Egypt Market Size and Forecast (2017-2028)
11.3.5 Saudi Arabia Market Size and Forecast (2017-2028)
11.3.6 South Africa Market Size and Forecast (2017-2028)
12 Raw Material and Industry Chain
12.1 Raw Material of Worm Gear and Worm Reducer and Key Manufacturers
12.2 Manufacturing Costs Percentage of Worm Gear and Worm Reducer
12.3 Worm Gear and Worm Reducer Production Process
12.4 Worm Gear and Worm Reducer Industrial Chain
13 Sales Channel, Distributors, Traders and Dealers
13.1 Sales Channel
13.1.1 Direct Marketing
13.1.2 Indirect Marketing
13.2 Worm Gear and Worm Reducer Typical Distributors
13.3 Worm Gear and Worm Reducer Typical Customers
14 Research Findings and Conclusion
15 Appendix
15.1 Methodology
15.2 Research Process and Data Source
15.3 Disclaimer