Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Industrial Fasteners Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international. The research study also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and world Industrial Fasteners Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Industrial
Fasteners Market is offered.
Market
Insights:
In accordance with the report, the Industrial Fasteners
Market is projected to expand at a CAGR of X.X% over the period
of forecast. The global Industrial
Fasteners Market was valued at USD XX.X Mn in 2019 and is expected to reach USD
XX.X Mn in 2031, growing with a significant CAGR rate during the forecast
period. The global industrial fasteners market is predicted to rise in response
to rising mechanisation and industrialization, as well as increased demand for
a variety of machinery and equipment. In coming years, the automotive sector is
expected to grow at a rapid pace over the world. This increase can be ascribed
to increased automobile manufacturing, as manufacturers are always developing
drivetrains and more fuel-efficient engines to lower fuel consumption, as well
as applying emission-control technologies to generate cleaner vehicles.
End-user industries such as consumer electronics, healthcare, and automotive
are likely to see a surge in demand for small goods, creating significant
potential. This advantage has made adhesives and tapes a viable alternative to
mechanical fasteners, and it is predicted to have a negative impact on
industrial fastener market growth in the long run. With increasing
infrastructure development in rising economies such as India and China, the
construction industry in these countries is witnessing rapid growth. As a
result, the use of industrial fasteners has increased dramatically across China.
In the approaching years, this element is projected to provide promising sales
prospects in the industrial fasteners market. The construction
sector in China, Japan, India, Thailand, South Korea, and Taiwan is predicted
to grow at a faster rate than the rest of the world. Furthermore, MEA is
predicted to have a significant demand due to the region's developing building
industry.
Research
Methodology:
To compile
the detailed study of the global Industrial
Fasteners market, a robust research methodology has been adopted
that aids in determining the key insights and also evaluates the growth
prospects of the Industrial Fasteners Market.
Comprehensive and iterative research methodology focused on minimizing deviance
in order to provide the most accurate estimates and forecast possible. The
company utilizes a combination of bottom-up and top-down approaches for
segmenting and estimating quantitative aspects of the market. Our research
methodology implements a mix of primary as well as secondary research. Our
projects are initiated with secondary research, where we refer to a variety of
sources including trade databases; government published documents, investor
presentations, company annual reports, Industrial papers, and paid databases. To
carry out secondary research, the analysts have collected the information
through company annual reports, journals, company press releases, and paid databases
that were referred to gain and identify better opportunities in the Industrial Fasteners Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Industrial Fasteners market was affected negatively due to the
shutdown of manufacturing/processing facilities for some time. The analysts
have also focused on the key measures that the companies are opting to
withstand the harsh scenario.
Segment
Covered:
Industrial Fasteners Market report has been segmented By Application, By Size, By Finishes,
By Appliucation also includes the market size and forecast for all these
segments. Compounded annual growth rates for all segments have also been
provided for 2019 to 2031. This report is a compilation of first-hand
information, qualitative and quantitative assessment by industry analysts,
inputs from industry experts and industry participants across the value chain.
Key Segments:
Industrial Fasteners Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2022 to 2031, for the following segments:
Industrial
Fasteners Market, By Product Type, 2022-2031 (USD Million)
·
Externally
Threaded
·
Aerospace
Grade
·
Standard
·
Others
Industrial
Fasteners Market, By Size, 2022-2031 (USD Million)
·
Less than
1/4"
·
1/4"-
3/4"
·
3/4"-1”
·
More than 1”
Industrial
Fasteners Market, By Finishes, 2022-2031 (USD Million)
·
Cadmium
·
Cadmium
Dichromate
·
Carbon &
Stainless Steel
·
Chrome
·
Nickel
·
Phosphate, Black
Phosphate
·
Zinc
·
Zinc
Dichromate
·
Others
Industrial
Fasteners Market, By Application, 2022-2031 (USD Million)
·
Automotive
OEM
·
Machinery OEM
·
MRO and
Construction
·
Others
Report
Highlights:
The prime objective of the Industrial
Fasteners market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Industrial
Fasteners Market, By Region, 2022-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Industrial
Fasteners market:
·
ATF Inc.
·
Hilti, MW
Industries Inc.
·
Kova
Fasteners Pvt. Ltd.
·
LISI Group
·
Nifco,
Precision Castparts Corp
·
Nitto Seiko
Co. Ltd
·
Standard Fasteners
Ltd.
·
Stanley Black
& Decker
·
Wilhelm
Bollhoff GmbH & Co.
·
Others
Industrial
Fasteners Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.