Global Industrial Fasteners Market is expected to grow at a significant CAGR during the forecast period. Industrial fasteners include a set of bolts and nuts and are used in all production activities. Bolts and nuts comprise a major link in industrial fasteners and are used in all industrial domains. Mainly, steel is used in the production of physical products made from wood and metal. Industrial uses of bolts and nuts entail fastening wherein placement of pieces and parts is essential.
The commercial demand for nuts and bolts is gaining much traction as the industrial need is on the rise. With the constant rise in annual imports, there arises a need for establishing a manufacturing base. Rise in transportation, railways, aircrafts, wagon, bicycles and automotive makers are several components operating in industrial fasteners.
The drivers for industrial fasteners market include rise in use of automotive, machinery, and electronics. Apart, industrial fasteners are used in the production of medical equipment, consumer appliances, suspension system and wheels. Increase in urbanization and rise in construction sector is likely to propel the industrial fastener market growth during the forecast period.
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Geographical segmentation includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are likely to gain much higher traction in the global period. Rise in OEM is another factor stimulating the market growth. Presence of a vast industrial corridor and end-user market is likely to trigger the market growth during the forecast period.
North American and European markets are expected to gain a significant CAGR during the forecast period due to increase in construction activities and mounting demand for industrial fasteners. The key players in the industrial fasteners market include Precision Castparts Corp, Nifco, ITW, Alcoa, Kova Fasteners Pvt Ltd, LISI Group, Standard Fasteners, and Dokka Fasteners.
Market Segment:
Product Outlook (Revenue, USD Million; 2014 - 2025)
• Externally threaded
• Aerospace grade
• Other standard fasteners
Application Outlook (Revenue, USD Million; 2014 - 2025)
• Automotive OEM
• Machinery OEM
• Other OEM
• MRO
• Construction
Browse the Full Global Industrial Fasteners Market- Global Scenario, Industry Outlook, Analysis, Size, Trends and Forecast, 2014 To 2025 Report at - https://www.millioninsights.com/industry-reports/industrial-fasteners-market
Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• India
• Thailand
• Japan
• South Korea
• Central & South America
• Brazil
• MEA
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
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The global Industrial Fasteners Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the industrial fasteners market includes Acument Global Technologies, Inc., Arconic Fastening Systems and Rings, ATF, Inc., Birmingham Fastener and Supply, Inc., Dokka Fasteners A S, Hilti Corporation, LISI Group - Link Solutions for Industry, MW Industries, Inc., Nippon Industrial Fasteners Company (Nifco), SESCO Industries, Inc., and others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Industrial Fasteners Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/industrial-fasteners-market/download-sampleMarket DynamicsThe increasing automobile production across the globe coupled with the growing use of fasteners in such industry is propelling the market growth of industrial fasteners.
In addition to this, rapid development in the building and construction industry is further fueling the market demand.
On the other hand, availability of substitutes such as adhesives and tapes in bonding, especially in automotive could restrain the market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
