Industrial Fasteners market size will grow from XX Million in 2017 to XX Million by 2023, at an estimated CAGR of XX %. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Fasteners are devices which are used to mechanically join two or more components, devices or surfaces together. The commonly used fasteners include nails, screws, nut, bolts, clips, rivets, pins and washers. The basic requirements for fasteners are that they must be strong enough to handle loads and pressure, must be cost effective, easy to use, resistive to corrosion and aesthetic. They find application across a wide range of sectors such as automobiles, construction, electronics, machineries, industries and other everyday applications. Increasing demand for automobiles particularly in countries such as China, Brazil and India is an important factor which is expected to contribute to the growth of the fasteners’ market over the forecast period. However, introduction and implementation of high anti-dumping duties by European Union is expected to hamper the global demand for fasteners. Development of tailor-made fasteners to suit rapidly growing niche application sectors such as railroad and solar equipment is expected to open new opportunities for the growth of the market in the near future.
By Market Players:
Aoyama Seisakusho Company Limited, Doncasters Group, GmbH and Company KG, Doncasters Group Limited, Pentair, Raymond (A.) Group, Berkshire Hathaway, Hilti AG, Aoyama Seisakusho, Nucor Corporation
By Product Type
Externally threaded, Standard, Aerospace grade
Automotive OEM, MRO, Machinery OEM, Other OEM, Construction
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Points Covered in The Report:
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