Industrial Fasteners Market report is a truthful source of information which offers a telescopic view of the current market trends, situations, opportunities and status. 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. The demand for bolt fasteners and other industrial fasteners is expected to rise owing to the growing aerospace and defense industries, requirement for high-performance fasteners for aircraft assembly and defense equipment manufacturing,Growth of emerging industries like electric vehicles, additive manufacturing (3D printing), and advanced medical devices creates new opportunities for specialized fasteners.
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The rise in population in emerging countries, infrastructure development, increase in residential development, and growth in investments in diverse sectors such as renewables and telecommunications are boosting the construction sector. In turn, this is augmenting the demand for bolt fasteners and other industrial fastener materials.
Increasing demand in the automotive industry and manufacture of medium commercial vehicles, light commercial vehicles, heavy earth-moving equipment, textile machinery, machine tools, aircraft, and utility vehicles has propelled the usage of fasteners in sub or main assembly parts, driving the market demand. The demand for automotive fasteners is likely to rise in the near future due to the growth in the automobile industry.
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
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.
Highlight of Table of Content:
Chapter 1: Market overview
Chapter 2:Global Industrial Fasteners Market Analysis
Chapter 3: Regional analysis of the Industrial Fasteners Market
Chapter 4: Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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Profound Questions Answered in this Report:
What is the growth rate of various stages in the value chain of the industry?
Which region has the highest growth rate and size of the emerging market by value in 2022?
Who are the competitive players in Industrial Fasteners Market?
Which region has the largest share and degree of competition in the industry?
What is the CAGR of the market during the forecast period 2022 to 2029?
Which region is expected to hold the highest market share for the market?
What is the main driver of the Industrial Fasteners Market?
What is sales volume, revenue, and price analysis of top players of the market?
What are the market opportunities and threats faced by the vendors in the industry?
What has been the impact of COVID-19 on the Industrial Fasteners Market?
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