Global Industrial Fasteners Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz delivers in-depth insights on the global industrial fasteners market in its upcoming report titled, “Global Industrial Fasteners Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global industrial fasteners market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global industrial fasteners market report has been segmented on the basis of product type, application, and region.
Fasteners are hardware device that can be installed and removed with hands or power tools. Common fasteners include nuts, bolts, screws, and rivets. Industrial fasteners are manufactured from materials such as stainless steel, carbon steel, and alloy steel. Since fasteners are made from steel they are subject to corrosive attack during their operation.
On the basis of product type, externally threaded application segment in the global industrial fasteners is estimated to hold major revenue share and is expected to maintain its dominance over the forecast period. Externally threaded fasteners include machine screws, critical fasteners, and thread forming. Increasing usage of externally threaded fasteners in automotive, machinery, and construction applications is anticipated to propel market growth over the forecast period.
On the basis of application, construction is expected to be fastest growing application segment in the terms of revenue in global industrial fasteners market over the forecast period. Rising government investments towards infrastructure development, rapid urbanization, and population growth are the major factors driving market growth.
Asia Pacific market is estimated to hold significant revenue share in the global industrial fasteners market and is expected to maintain its dominance over the forecast period. Presence of large number of industrial fasteners manufacturers in the region is expected to fuel market growth over the forecast period. Asia Pacific accounts for largest revenue share contribution to the target market, followed by markets in Europe, North America, Latin America, and Middle East & Africa respectively. Growing demand for passenger vehicles and motorbikes owing to rising disposable income coupled with presence of major automobile companies such as Tata, Mahindra, Toyota, Honda, Volkswagen, Kawasaki, Hyundai, and Mitsubishi on the region is anticipated to boost market growth over the forecast period. Growing demand for elevators in hospitals, malls, and other commercial buildings along with increasing requirement for medical equipment’s such as x-ray machines, ECG machines, CT scanner, dialysis machines, and MRI machines is expected to propel market growth in the region over the forecast period.
Market segmentation and key players operating in the global industrial fasteners market:
By product type:
- Externally threaded
- Aerospace grade
- Other standard fasteners (internally threaded and non-threaded)
- Maintenance, Repair and Operations (MRO)
- Other Original Equipment Manufacturers (Heavy equipment’s, Electrical & Electronic, Fabricated Metal Products, and Aerospace Equipment’s)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Stanley Black & Decker, Inc.
- Illinois Tool Works Incorporated (ITW)
- Acument Global Technologies
- Wilhelm Böllhoff GmbH & Co. KG
- Standard Fasteners Ltd.
- Nippon Industrial Fasteners Company
- Nitto Seiko Co., Ltd.
- KOVA Fasteners Pvt. Ltd.
- Earnest Machine Products Company
- Precision Castparts Corp.
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