Industrial Fasteners Market:
The GMI Research forecasts that the industrial fasteners market is witnessing an upsurge in demand during the forecast period starting from 2020 till 2027. This is mainly due to the increasing industrial activities across various countries and the strong demand for industrial fasteners across several industry verticals.
Top Manufacturers in the Industrial Fasteners Market:
- Acument Intellectual Properties, LLC
- Arconic
- Dokka Fasteners
- ATF Inc.
- Nifco Inc
- LISI Group
- MW Industries, Inc.
- Hilti Corporation
- Sesco Industries
- Birmingham Fastener and Supply Inc.
Industrial Fasteners Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The increasing industrial activities across various countries and the strong demand for industrial fasteners across several industry verticals are the major factors surging the growth of the global industrial fasteners market size. Moreover, numerous advancements being executed in the expansion of industrial fasteners, such as the introduction of IoT to improve productivity and performance, are boosting the growth of the global industrial fasteners market in the upcoming years. The growing development in the construction activities in various countries driven by rapid urbanization and increasing population is one of the emerging industrial fasteners market trends that is enhancing the demand for the market across the world.
According to industrial fasteners market analysis, the growing focus of top players towards introducing several growth strategies such as mergers, acquisitions, and their strong presence, along with the rising amount of production, will bring various growth opportunities for the market. On the other hand, the strong presence of substitutes in the market will hinder the growth of the global industrial fasteners market. In addition to this, the market is also been negatively influenced by the emergence of COVID-19 as there has been a sharp fall in the usage of fasteners across several industry verticals.
Regional Drivers
Based on the region, Asia-Pacific is anticipated to dominate the market during the forecast period due to the growing adoption of industrial fasteners driven by the increasing industrial activities. Furthermore, rapid development in the automotive industry owing to the rising demand for automobiles due to the increasing disposable income across developing countries such as China, India, and others is another factor that is driving the growth of the segment. Moreover, the increasing construction activities and boosting demand for the repair & maintenance activities, will create various growth opportunities for the industrial fasteners market in this region.
Industrial Fasteners Market Segmentation:
Segmentation by Raw Material:
- Plastic Fasteners
- Metal Fasteners
Segmentation by Product:
- Internally Threaded Fasteners
- Externally Threaded Fasteners
- Aerospace Grade Fasteners
- Non-Threaded Fasteners
Segmentation by Commodity:
- Bolts
- Nuts
- Screws
- Others
Segmentation by Application:
- Aerospace
- Automotive
- Industrial Machinery
- Building & Construction
- Lawns & Gardens
- Home Appliances
- Furniture
- Motors & Pumps
- Plumbing Products
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a leading market research company that offers market research reports for every industry. Our research teams have seasoned analysts and researchers and are always looking for industry-leading research techniques to create all-encompassing research reports. GMI Research’s extensive global network allows it to collect relevant information about the industry on a regional as well as country-level basis. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of sectors. We provide step-by-step assistance to our clients through strategic and consulting services to reach a managerial and actionable decision. Our market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, major factors impacting the market growth, and various market insights to aid companies to make strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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