Industrial Fasteners Market Size Study, By Type, Application and Regional Forecasts 2027

The Maximize Market Research has published a global market intelligence and research report on Industrial Fasteners Market on 23^th November 2022. Leading analyst at Maximize Market research has said that North America held the largest market share of 38% in 2021 and is expected to keep its dominance in forecast period. However, market opportunities for Industrial Fasteners are increasing in developing economies in APAC region and India, Malaysia. Bangladesh, Vietnam are lucrative opportunities for the key players in the industry.

Industrial Fasteners Market was valued at US$ 82.40 Bn. in 2020. Global Industrial Fasteners Market size is estimated to grow at a CAGR of 3.50 %.

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Market Scope And Research Methodology:

The report covers the 30 countries from all five continents. Bottom up approach has been used to collect, analyse the data, which has helped research analyst to give micro details of the local market in the report. Even though this is global report, local level market dynamics are covered in the report. Primary and secondary , both the techniques are used to collect the data. Having said this, more focus was on secondary data base since paid, government sources are used to collect the secondary information. Company’a annual reports are used to collect the data, however, if company’s annual reports are not available, data is purchased from the different sources available in each country, tha include each country’s tax department. Primary interviews are done with executives from key players, market experts and consultants in each country.

To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The report's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are calculated using weights allocated to each segment based on their utilization rate and average sale price. The percentage adoption or usage of the given market Size in the corresponding area or nation is used to calculate the country-wise splits of the overall market and its sub-segments

Industrial Fasteners Market Overview:

Objective of the competitive intelligence and market study is to give comprehensive analyse of Industrial Fasteners market and industry to the users. The report has studied and analysed local, regional manufacturing dynamics, cost advantages of location, supply chain and local as well as regional market for the key players. Report has also covered the availability of supplier the cost analysis of final product manufactured with the advantages to players.

Segmentation:

Metal and plastic are the two market segments for industrial fasteners. Due to the need for metal fasteners due to its high tensile strength and extended lifespan, the metal segment is anticipated to contribute a sizable portion of revenue. The demand for metal fasteners in industrial applications is anticipated to increase due to the durability of metal goods. In 2020, the automotive application segment had a dominant position, and it is anticipated that it would continue to do so during the projection period. In 2020, the category accounted for more than 33%. Fastener demand is anticipated to increase in the near future due to increased production of commercial and passenger cars as well as increased demand for electrified vehicles. By 2027, India is anticipated to be the world's largest volume automobile market.

Key Players:

Due to the limitations of giving profiles of all the players, companies for profiling sections are chosen on different parameters like market leader, local leaders, innovative companies. Profiling section of the report covers the competitive benchmarking of key players by region. Benchmarking is done on market presence, dominance pricing, penetration in end use application, market share, recent expansions, M&A.

Even though all the players in the industry are not profiled, it is taken caret that while estimating market size not a single player in scope area is missed out of consideration. “Profiles of additional companies can be provided on request”, said Sr. Research Analyst at MMR.

The major players covered in the Industrial Fasteners market report are:

• 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.

Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

Key Questions Answered in the Industrial Fasteners Market Report are:

• Which segment grabbed the largest share in the Industrial Fasteners market?
• Who are the market leaders, market followers, and new entrants?
• Strategies of market leaders in each segments with investment
• SWOT analysis of each player
• Region wise market structure and dynamics that impact the industry and companies
• What was the competitive scenario of the Industrial Fasteners market in 2021?
• Which are the key factors responsible for the Industrial Fasteners market growth?
• Which region held the maximum share in the Industrial Fasteners market in 2021?

Reasons to Purchase the Industrial Fasteners Market Report:

• The Maximize Market Research (MMR) report contains a wealth of information about market dynamics and prospects for the anticipated time frame.
• Segments and sub-segments exist for quantitative, qualitative, and value (USD Million) data.
• Data on supply and demand trends at the national, regional, and sub-regional levels are provided.
• The competitive landscape presents current innovations and strategies as well as the market shares of the leading rivals.
• Companies that offer a variety of goods, financial information, cutting-edge technology, SWOT analyses, and business ideas.

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