Industrial Fasteners Market was valued at US$ 85.28 Bn. in 2021. Global Industrial Fasteners Market size is estimated to grow at a CAGR of 3.50 %.
Industrial Fasteners Market Overview
The business intelligence and consulting firm Maximize Market Research has published a report on Industrial Fasteners market which covers extensive regional analysis and competitive landscapes of the market and industry. The analysis consists many aspects of market and considers the key drivers and opportunities, restraints and challenges in forecasted period. The report includes the competitive and pricing analysis with the regional and demand analysis. The growth is also assumed with the help Compound Annual Growth Rate in upcoming forecasted period.
Industrial Fasteners Market Scope
The research comprises of the scrutinized date and results by the leading analyst and industry experts. It looks at forecasted data, revenues generated, and major and minor events in the market. It also considers the key players and their strategies to deal with challenges in political as well as the economic factors that creates risks to the market. The report is designed in such a manner that it provides the readers the appropriate and up to date market data in a graphical and tabular forms. Research tools are used to analyse the threats and opportunities in the forecasted period by SWOT, PESTLE and PORTER’S five forces to understand the underlying factors affecting the industry.
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Industrial Fasteners Market Regional Analysis
The Industrial Fasteners region held the largest share of the industry and is expected to grow at a significant rate over the forecast period. The regional analysis is conducted to while research to understand the regional market and their risks and opportunities. The market in each region is thoroughly investigated , enabling for the identification of regional market trends, restrictions and development opportunities.
Segmentation:
Based on the Raw Material, Industrial Fasteners Market is segmented into plastic and metal. The metal segment is expected to account large revenue share, thanks to demand for metal fasteners because of its high tensile strength and enhanced lifespan. The durability of the metal products is expected to drive the demand for metal fasteners in industrial applications.
Based on the Application, the automotive application segment held the dominant position in 2020 and expected to hold leading position during the forecast period. The segment has accounted more than 33% in 2020. Production of commercial and passenger vehicles, and demand for electrical vehicles are expected to boost the demand for fasteners in the near future. India is expected to be the largest automotive market in terms of volume by 2027. The industry currently manufactures more than 30 Mn vehicles, in which more than 8% are exported. India holds a strong position in the heavy vehicles market.
Industrial Fasteners Key Questions answered in the Industrial Fasteners Market Report are:
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Key Players:
• Penn Engineering & Manufacturing Corporation
• KOVA Fasteners Pvt. Ltd.
• Acument Global Technologies Inc.
• Arconic Inc.
• Standard Fasteners Ltd.
• Decker Industries Corporation
• Brunner Manufacturing Co., Inc.
• Eastwood Manufacturing
• Stanley Black & Decker Inc.
• MW Industries Inc.
• Illinois Tool Works
• Bulten AB
• MacLean-Fogg Company
• MISUMI Group Inc.
• Nifco Inc.
• Fortana Group
• Hilti Corporation
• LISI Group
• Precision Castparts Corp.
• The SFS Group
• A&G Fasteners
• SA Fasteners.
Key offerings:
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Mar 07, 2023