The global industrial fasteners market size is expected to reach USD 111.12 billion by 2026 and it is projected to register a CAGR of 4.3% over the forecast period 2019 to 2026.
Research Report on "Industrial Fasteners Market (Commodity - Bolts, Nuts, Screws, Washers, Rivets; Application - Automotive OEM, Machinery OEM, Fabricated Metal Products, Construction, Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2026".
Increasing mechanization and industrialization globally, demand numerous machinery and equipment, which is expected to propel the growth over the projected period.
Traditionally, Asia Pacific has been the largest fastener producer in the world owing to easy supply of raw material, supportive government policies and the availability of skilled labor and land in the region. However, a major chunk of Asian players serves local markets, owing to an insignificant distribution network, which limits their growth in the international market. The market is highly competitive in terms of product variation and pricing.The major industry players are benefitted by their well-established buyer base and goodwill in the market. However, rising consumer demand for innovative, high strength, and application-specific fasteners is expected to open new opportunities for emerging players. Specialty fasteners is the latest trend in the market, which enables custom manufacturing to meet desired product specifications given by users. Aerospace has been the largest application segment for these products, wherein they are primarily manufactured using alloy steel, titanium, and aluminum and need to comply with standards including AS, NFL, AN, MS and NAS.
The main objective of this report is to define, describe, and forecast the global industrial fasteners market by types, application, industry verticals, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the global market. The report also attempts to forecast the market size of the 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes the competitive developments, such as joint ventures, mergers and acquisitions, new developments, and Research and Development (R&D) activities, in industrial fasteners Market.
The main objective of this report is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous research and analysis were an important part of the report preparation. Those reading the report will be able to get a detailed understanding about the market. Industry experts have verified and checked the data and information that have been taken from credible sources like websites, annual reports of companies, journals, and other resources. In order give the facts and data a pictorial form, diagrams, graphs, pie charts, and other representations have been used. That augments the visual appeal of the report and makes understanding it much easier.
The global industrial fasteners market report has profiled the top players having a global presence such as Acument Global Technologies Inc., Arconic Inc., Bulten AB, STANLEY Engineered Fastening, Fortana Group, Hilti Corporation, LISI Group, MacLean-Fogg Company, MISUMI Group Inc., Nifco Inc., Precision Castparts Corp., The SFS Group, A&G Fasteners, SA Fasteners, etc.
The industrial fasteners market is segmented as below.
Industrial Fasteners Market