Industrial Fasteners Market Overview
The Industrial Fasteners Market Research Report Offers An In-Depth Analysis Of A Number Of Factors, Including Market Drivers, Challenges, Opportunities, Trends, Technological Advancements, Product Innovations, Limitations, Growth Strategies, And Future Prospects. The Study Offers Key Information Such Market Size, Market Share, Revenue Growth, And CAGR (Compound Annual Growth Rate) For The Forecast Period Of 2022 To 2029. It Provides A Thorough Examination Of The Market, Allowing Participants To Learn Important Things About The Market Dynamics And Make Wise Judgements.
A fastener is a piece of hardware that mechanically connects two or more items. Industrial fasteners are used to assemble non-permanent joints so that they can be broken apart or removed without causing damage. The aircraft, automobile, and construction industries all utilise high-quality fastening products. manufacturing of the industrial fastener is being boosted by high investment spending in the industrial sector and demand for the manufacturing of machinery, motor vehicles, and durable goods.
Market Growth:
Industrial Fasteners Market was valued at US$ 88.26 Bn. in 2022. Global Industrial Fasteners Market size is estimated to grow at a CAGR of 3.5 %.
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Industrial Fasteners Market Scope
The report provides a thorough analysis of the market trends for Industrial Fasteners and forecasts future developments in terms of supply, demand, sales, and recent changes. It focuses on the main forces and constraints affecting key players, as well as the competitive environment at the moment and future development prospects. The report gives you access to the most recent market statistics, forecasts, size, and emerging trends, allowing you to pinpoint the goods and clientele that are responsible for revenue growth and profitability. Additionally, it contains information about the companies involved, as well as product details, production capacity and sales, revenue, price, gross margin, and sales by product. This report also includes market size, growth rate, country-level data, demand and supply factors, and other information that may be relevant to the global Industrial Fasteners market.
Industrial Fasteners Market Segmentation
Industrial Fasteners Market Size, by Raw Material (2022-2029)
• Plastic
• Metal
The Industrial Fasteners Market is divided into plastic and metal segments based on the raw material. 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 products.
Industrial Fasteners Market Size, by Product (2022-2029)
• Externally Threaded
• Internally Threaded
• Non-Threaded
• Aerospace Grade
Industrial Fasteners Market Size, by Application (2022-2029)
• Automotive
• Aerospace
• Building Construction
• Industrial Machinery
• Home Appliances
• Lawn and Garden
• Motors and Pumps
• Furniture
• Plumbing Products
• Others
The automotive application segment held a dominant position in 2020 and is anticipated to continue to do so throughout the projected period. In 2020, the segment accounted for more than 33%. Fastener demand is anticipated to increase in the near future due to increased production of commercial and passenger vehicles as well as increased demand for electrified vehicles. By 2027, India is anticipated to be the world's largest volume automobile market. Currently, the sector produces more than 30 million automobiles, of which more than 8% are exported. India enjoys a dominant position in the market for heavy trucks.
The Key Manufacturers In The Industrial Fasteners Market
1. Penn Engineering Manufacturing Corporation
2. KOVA Fasteners Pvt. Ltd.
3. Acument Global Technologies Inc.
4. Arconic Inc.
5. Standard Fasteners Ltd.
6. Decker Industries Corporation
7. Brunner Manufacturing Co., Inc.
8. Eastwood Manufacturing
9. Stanley Black Decker Inc.
10. MW Industries Inc.
11. Illinois Tool Works
12. Bulten AB
13. MacLean-Fogg Company
14. MISUMI Group Inc.
15. Nifco Inc.
16. Fortana Group
17. Hilti Corporation
18. LISI Group
19. Precision Castparts Corp.
20. The SFS Group
21. AG Fasteners
22. SA Fasteners.
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Industrial Fasteners Market Regional Analysis
The Report Offers A Comprehensive Analysis Of The Growth Pattern Of The Global Industrial Fasteners Market. The main regions that have a significant impact on the world are highlighted, including North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. The Forecast Of The Industrial Fasteners Market For Each Country Considers Essential Indicators Such As Consumption Quantities, Manufacturing Sites And Volumes, Import-Export Analysis, Price Trend Analysis, Cost Of Raw Materials, And Value Chain Analysis. These Indicators Are Essential For Giving Insights Into Market Dynamics And Trends To Support Well-Informed Decision-Making.
The Industrial Fasteners Market Report Provides Answers to Important Questions Like:
- Which Region Held The Largest Market Share In The Industrial Fasteners Market?
- What Business Opportunities Exist in the Industrial Fasteners Sector?
- What Factors Are Affecting The Industrial Fasteners Market Growth?
- Who Are the Major Players in the Market for Security as a Service?
- Which company dominated the market for security as a service?
- What Will Be The CAGR Of The Industrial Fasteners Market During The Forecast Period?
- What Key Trends Are Likely To Emerge In The Industrial Fasteners Market In The Coming Years?
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Key Offerings:
- Market Share, Size, And Forecast By Revenue|2022-2029
- Market Dynamics: Key Trends, Investment Opportunities, and Growth Drivers
- Industrial Fasteners Market Segmentation: A Detailed Analysis Landscape-
- Leading Key Players And Other Prominent Key Players.
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