An influential Industrial Fasteners Market report consists of an extensive study of diverse market segments and regions, emerging trends along with major drivers, challenges, and opportunities in the market. Market segmentation is a significant parameter that categorizes the market depending upon application, vertical, deployment model, end-user, and geography etc. This business research report also provides CAGR value fluctuation in percentage during the forecast period of 2022-2029 for the market. Additionally, Industrial Fasteners Market report has been structured by keeping in mind all the foremost aspects of the market research that put forth market landscape simply into focus.
An international Industrial Fasteners Market report presents intelligent solutions to the multifaceted business challenges and instigates an effortless decision-making process. Such a great report has been prepared by a team of enthusiastic analysts, skilled researchers, and experienced forecasters who work meticulously for the same. The research
Explore Further Details about This Research Industrial Fasteners Market Report
https://www.databridgemarketresearch.com/reports/global-industrial-fasteners-market
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.
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.
Market Definition
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.
Some of the major players operating in the industrial fasteners market are:
- 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.)
- Mitsubishi Electric Corporation (Japan)
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.
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
Analysis on the market gives us these points Industrial Fasteners Market
- To gain insights about the major regional insights in which the Industrial Fasteners Market is flourishing.
- To strategically profile key players and comprehensively analyze their Industrial Fasteners Market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
- Product Development/Innovation: Detailed insights on the product approvals, R&D activities, and product launches in the Industrial Fasteners Market Recent industry trends and developments
- To describe and forecast the Industrial Fasteners Market , in terms of value, by process, product type, and industry.
- Potential and niche segments/regions exhibiting promising growth
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