Industrial Fasteners Market By Revenue Is Expected To Grow At A CAGR Of Close To 5% During The Forecast Period 2020–2025

The industrial fasteners market by revenue is expected to grow at a CAGR of close to 5% during the period 2019–2025. The global industrial fasteners market is set to display impressive growth during the forecast period. Increased diversity of substrate materials driven by continuously evolving end-user expectations and the rise of industry 4.0 and IoT are the major factors influencing the growth of the market. Innovative manufacturing, which was once a stronghold of the US and a few European economies such as France, Italy, and Germany, has expanded in emerging economies, with next-generation largescale manufacturing centers planned predominantly in the APAC region. The same is likely to be significantly complemented by an overwhelming rise in the global automation expenditure. The demand for industrial fastening solutions is driven by tremendous manufacturing and construction growth in countries such as India and China, supported by favorable demographics, large indigenous consumption, and a supportive regulatory and investment environment. The establishment of semiconductor fabs and electronic assembly units in Japan, South Korea, Taiwan, and China, which involve the highest degree of innovations, is set to increase the demand for ingenious and specialty fasteners.

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“The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market).”

Prominent Vendors

• Stanley Black & Decker
• Hilti
• ITW
• Berkshire Hathaway
• Howmet Aerospace
• LISI
• NIFCO
• Fontana Gruppo

INSIGHTS BY VENDORS

The global industrial fasteners market is highly fragmented, with no major vendors taking up a significant share in the market – the leading eight players account for around 20% of the market share. The number of fastener manufacturers is also considerable in manufacturing countries. For instance, Japan has over 3,000 manufacturers with manufacturing fasteners worth USD 9 billion annually. The sale, however, was nearly half of the capacity at around USD 4.30 billion in 2019. Vendors are mainly located near manufacturing centers to enable collaboration on the design and development of fasteners and other assembly products. A downturn in one of the end-market categories does likely not impact the overall market. The market is characterized by vendors that are application-specific, product-specific, or multiple-service vendors at any point in time.

GLOBAL INDUSTRIAL FASTENERS MARKET SEGMENTATION

This research report includes a detailed segmentation by material, type, end-users, and geography. Industrial metal fasteners accounted for the largest share in 2019. These fasteners have high automotive, aerospace, construction, electronics, machinery, and consumer appliances. Manufacturing innovative products such as specialty, miniature, and hybrid fasteners to meet the changing consumer demand will complement growth. However, the substitution of metal fasteners with adhesives and tapes in bonding and NVH applications, especially in the automotive industry, is expected to hamper the growth of the industrial fasteners market.

The global automotive fasteners market is expected to reach over USD 34 billion by 2025. The adoption of fasteners in both automobile and automobile manufacturing units has grown considerably. With globalization, more foreign players are scaling up their operations and expanding their footprint in APAC and Latin American countries to benefit from favorable FDI and other corporate-friendly policies. Europe and North America are facing increased competition from APAC-based vehicle manufacturers.

The demand for threaded fasteners is likely to grow at a CAGR of over 4% during the forecast period owing to their increasing application in construction, industrial machinery, railways, cars, and motorcycle manufacturing. Innovations in design to provide better performance and vibration resistance are projected to have a positive impact on the market. Stainless steel is the most common material used for manufacturing threaded fasteners. Brass, alloy steel, and aluminum are other materials used to manufacture threaded fasteners.

Table of Content

1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope Of The Study
4.4 Market Segments
4.4.1 Market Segmentation By Material
4.4.2 Market Segmentation By Type
4.4.3 Market Segmentation By End-Users
4.4.4 Market Segmentation By Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

The study considers the present scenario of the industrial fasteners market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-91211

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market).”

Key Questions Answered:

• What is the expected market size of the global industrial fasteners market in 2025?
• What are the factors impacting the growth of the market?
• What are the drivers, trends, and restraints in the market?
• Who are the leading vendors and what are their market shares?
• What is the impact of the COVID-19 pandemic on the industrial fasteners market?

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

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