According to the latest report by IMARC Group, titled “Industrial Fasteners Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global industrial fasteners market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global industrial fasteners market size reached US$ 89.71 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 118.51 Billion by 2027, exhibiting a growth rate (CAGR) of 6.60% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What is a Industrial Fasteners Market?
Industrial fasteners represent a wide range of high-quality fastening products that are generally used in various industries, including construction, automotive, aerospace, marine, etc. Weather and chemical elements can be withstood by these fasteners as they are meant for long-term industrial use. Consequently, they are extensively utilized in several sectors that require high-quality fasteners to resist corrosion and natural abrasions. In line with this, carbon fiber and alloy are the preferred materials that are commonly used for the manufacturing of lightweight, corrosion-resistant, and superconducting industrial fasteners for heavy-duty use. Hybrid fasteners made of injection-molded metals and plastics are lighter, easier to install, cost-effective, etc. Some of the commonly available industrial fasteners include bolts, nuts, screws, rivets, nails, washers, studs, etc.
What are the major market drivers in the Industrial Fasteners Market?
The increasing demand for commercial and residential housing projects, on account of the expanding construction industry across countries, is primarily driving the industrial fasteners market. Additionally, the widespread adoption of these devices in home interiors and cable management applications and the inflating need for manufacturing advanced lightweight product variants among key market players are further catalyzing the market growth. Besides this, continuous technological advancements in aircraft structural hardware production technology are acting as significant growth-inducing factors.
Moreover, the growing number of aircraft, the rising passenger traffic, the introduction of externally threaded fasteners, and the escalating commercial aircraft production capacities are positively influencing the global market. Apart from this, extensive R&D activities in the defense sector and numerous OEM partnerships for business expansion are anticipated to fuel the industrial fasteners market over the forecasted period.
Who are the leading players in the Industrial Fasteners Market?
Acument Global Technologies Inc., ATF Inc., Hilti Corporation, Howmet Aerospace Inc., Kova Fasteners Private Limited, LISI SA, MacLean-Fogg Company, MISUMI Group Inc., MW Industries Inc., Nifco Inc., Precision Castparts Corp., SFS Group AG and Stanley Black & Decker Inc.
Breakup by Product Type:
· Mobile Crusher
o Jaw Crushers
o Impact Crushers
o Cone Crushers
· Mobile Screeners
Breakup by Equipment Usages:
Breakup by End User:
· Stone Quarry
· Material Recycling
o North America (United States, Canada)
o Europe (Germany, France, United Kingdom, Italy, Spain, Others)
o Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
o Latin America (Brazil, Mexico, Others)
o Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 |
Africa and Europe :- +44-702-409-7331 |
Asia: +91-120-433-0800, +91-120-433-0800