Latest released Global Industrial Fasteners Market Research Report provides detailed assessment of Key and emerging players showcasing company profiles, product/service offerings, market price, and sales revenue to better derive market size estimation. This global Industrial Fasteners market report is generated by a team of multilingual researchers who are skilled at different languages and hence perform market research internationally. Clients can experience a nice combination of best industry insight, practical solutions, talent solutions and latest technology while utilizing or applying this Industrial Fasteners report for the business growth. Transparency in research method and use of excellent tools and techniques makes this Industrial Fasteners market research report an outstanding. Even this Industrial Fasteners report is all-inclusive of the data which includes market definition, classifications, applications, engagements, market drivers and market restraints that are derived from Porter’s Five Forces analysis.
Data Bridge Market Research analyses that the industrial fasteners market was valued at USD 86.62 billion in 2021 and is expected to reach the value of USD 135.99 billion by 2029, at a CAGR of 5.80% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
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Market Analysis and Size
Global economic disruptions have put pressure on key players to increase the number of productions. In the current market scenario, key players are focusing on implementing various actions to focus on customers’ needs. In addition, they are implementing a strategy to maintain cost management and investment during the recovery period.
Fasteners are made of stainless steel and used in various industries to join, fix, or connect two or more objects. They are typically constructed of stainless steel, alloy steel, and carbon steel. They are protected by corrosion-resistant paint or coating. These industries include aerospace, industrial machinery, plumbing products, motors and pumps.
Recent Development
- LISI Aerospace and Lockheed Martin signed a supply agreement for the F-35v programme in June 2020, with a total estimated value of US$ 60 million.
- Stanley Black & Decker acquired Consolidated Aerospace Manufacturing LLC (CAM) and expanded its product portfolio to include viable products for aerospace and defence end-users.
- In 2020, Avantus Aerospace acquired Fastener Innovation Technology Corporation to expand its product portfolio.
- Furthermore, Birmingham Fasteners announced the acquisition of Steel City Bolt in 2021, which will expand the company’s local manufacturing capabilities and assist customers with their fastener needs for a variety of applications.
Some of the key Players profiled in the Global Industrial Fasteners Market : ABB Limited (Switzerland), Siemens AG (Germany), Honeywell International, Inc. (U.S.), Rockwell Automation (U.S.), Baumer Ltd (Switzerland), Encoder Products Company, Inc (U.S.), Fuji Electric Co. Ltd. (Japan), Delta Electronics, Inc (Taiwan), Emerson Electric (U.S.), Omron Corporation (Japan), Panasonic Corporation (Japan), Baumuller Holding GmbH & Co. KG (Germany), Balluff GmbH (Germany), Sensata Technologies, Inc (U.S.), Festo Corporation (Germany), Parker-Hannifin Corporation (U.S.), SMC Corporation (Japan), DESTACO (U.S.), SWISS Automation, Inc (U.S.), and Mitsubishi Electric Corporation (Japan)
Industrial Fasteners Market Dynamics
Drivers
- Expansion of construction and automobile industries around the world
The expanding scope of the automotive and construction sectors and the rise in custom fastener manufacturing are some of the major factors expected to drive the global industrial fasteners market. Furthermore, technological advancements in this segment, rising urbanisation and industrialization, and rising demand for fasteners in the aerospace industry are expected to drive the market in the coming years.
- The rapid advancements in products to meet changing consumers demand
The increased proclivity to produce innovative products, such as specialty, miniature, and hybrid fasteners, to meet changing consumer demand and high volume import and export trading in the international market drive market growth. The increasing number of mergers and acquisitions to increase production capacity, product variety, and geographical reach, as well as high demand in other application industries such as construction and machine manufacturing, all have an impact on the market.
Opportunity
Rising demand in other application industries such as construction and machine manufacturing, as well as urbanisation and industrialization, all positively impact the industrial fasteners market. Manufacturers are well aware of this, which is why they are constantly innovating to introduce industrial fasteners that improve on existing structural features and address issues with previous products. Such actions keep the industry competitive and lay the groundwork for future expansion.
Restraints
On the other hand, the increased use of adhesives and tapes in bonding and NVH applications, particularly in the automotive industry, is expected to stymie market growth. The lack of raw materials, such as alloys and stainless steel, is expected to be a challenge for the industrial fasteners market during the forecast period.
This industrial fasteners market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial fasteners market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Answers That the Report Acknowledges:
- Market size and growth rate during forecast period
- Key factors driving the “Industrial Fasteners Market” market
- Key market trends cracking up the growth of the “Industrial Fasteners Market” market
- Challenges to market growth
- Key vendors of “Industrial Fasteners” market
- Detailed SWOT analysis
- Opportunities and threats faces by the existing vendors in Global “Industrial Fasteners Market” market
- Trending factors influencing the market in the geographical regions
- Strategic initiatives focusing the leading vendors
- PEST analysis of the market in the five major regions
Key Market Trends
North America is the Largest Market
North America dominates the industrial fasteners market due to rising electric vehicle production, consumer preference for plastic counterparts and adhesives, and rising demand for lightweight automotive components in the region.
Europe is expected to grow significantly during forecast period of 2022 to 2029 due to increased demand for lawnmowers and small tractors, as well as widespread use in commercial and residential gardening in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Global Industrial Fasteners Market Scope
The industrial fasteners market is segmented on the basis of product, raw material, bolt and screw type, bolt size, finishes and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Externally Threaded
- Internally Threaded
- Non Threaded
- Aerospace Grade
Raw Material
- Plastic
- Metal
Bolt and Screw Type
- Anchor Bolt
- Carriage Bolts
- Flange Bolts
- Hex Head Bolts
- Hex Tap Bolts
- Lag Bolts
- Machine Bolts
- Deck Screws
- Hex Lag Screws
- Self-Drilling Screws
- Sheet Metal Screws
- Wood Screws
- Others
Bolt size
- Less than 1/4
- 1/4- 3/4
- 3/4 -1
- More than 1
Finishes
- Zinc
- Zinc Dichromate
- Cadmium Dichromate
- Cadmium
- Phosphate
- Black Phosphate
- Chrome
- Nickel
- Carbon & Stainless Steel
- Others
Application
- Automotive
- Aerospace
- Building and Construction
- Industrial Machinery
- Home Appliances
- Lawn and Garden
- Motors and Pumps
- Furniture
- Plumbing Products
- Others
Key Benefits of the Report:
- This study presents the analytical depiction of the global Industrial Fasteners industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Industrial Fasteners market share.
- The current market is quantitatively analyzed from 2022 to 2029 to highlight the global Industrial Fasteners market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global Industrial Fasteners market analysis based on competitive intensity and how the competition will take shape in coming years.
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