Industrial Fasteners Market: Global Market Research including market size, market share and outlook to 2026

Credence Research logo
The global industrial fasteners market is expected to expand at a compound annual growth rate of 5.3% during the forecast period 2016 – 2023, exceeding US$ 107.0 Bn by 2023.

According to a new market report published by Credence Research, Inc., “Industrial Fasteners Market(By Application (Original Equipment Manufacturing, Construction, and Maintenance/Repair/Operation (MRO)), By Product Type (Standard Fasteners (External Threaded, Internal Threaded, and Non-Threaded), Aerospace-grade Fasteners, and Other Application-specific Fasteners)) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global industrial fasteners market is expected to expand at a compound annual growth rate of 5.3% during the forecast period 2016 – 2023, exceeding US$ 107.0 Bn by 2023.

Browse the full Industrial Fasteners Market (By Application (Original Equipment Manufacturing, Construction, and MRO (Maintenance/Repair/Operation)), By Product Type (Standard Fasteners (External Threaded, Internal Threaded, and Non-Threaded), Aerospace-grade Fasteners, and Other Application-specific Fasteners)) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/industrial-fasteners-market

Product Insights

Fasteners are industrial products that are used to connect two or more components together. Fasteners are also used to shut a container such as a box, bag, or an envelope. Some of the commonly used industrial fasteners include bolts, screws, rivets, clips, nuts, washers, and pins. The global market for industrial fasteners is relatively matured and is expected to witness steady growth during the forecast period 2016 – 2023. The growth is expected to be spurred by steady growth in automotive production, increasing industrial automation, and resurgence in the construction sector post economic crisis.  

Download Sample: Free: http://www.credenceresearch.com/sample-request/58059

Industrial Fasteners Market

Competitive Insights

The global industrial fasteners market is highly matured and fragmented. The top four industrial fasteners manufacturers accounted for less than 45% of the global market revenue in 2015. Precision Castparts Corporation (the U.S.), Stanley Black & Decker Inc (the U.S.), Wilhelm Bollhoff GmbH & Co. KG (Germany), and Nitto Seiko Co., Ltd. (Japan) are identified as the leading industrial fasteners manufacturers. Other manufacturers including Alcoa Fastening Systems, Acument Global Technologies Inc., Illinois Tool Works Inc., Finnveden Bulten AB, FabriSteel, MacLean-Fogg Company, MNP Corp., Anixter International, LISI Group, Nucor Corp., Atlas Bolt & Screw Company, The Marmon Group LLC, and TRW Automotive have been marked as promising and emerging players in the industrial fasteners market. The global industrial fasteners market being fragmented is characterized by stiff competition with several small and large players competing to maintain their market share. In developed economies, market consolidation is a major trend as small players are merging operations with established players to leverage their resources. Furthermore, the global market for industrial fasteners is highly matured and has been marred by lack of product differentiation. This has resulted in price wars among manufacturers leading to profit crunching. Thus, focus on product enhancement is the key strategy for manufacturers. 

The study provides a decisive view on the industrial fasteners market by segmenting the market based on product, applications, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2023. The product segment includes externally threaded, aerospace grade, standard and others. The application segment includes automotive OEM, machinery OEM, MRO and construction, other OEM applications. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. These regions are further sub-segmented into U.S., U.K., Germany, France, Japan, China, India, and Brazil.

Key Research Takeaways:

  • Miniaturization drives demand for industrial microfasteners
  • Heightened investments in aerospace and aviation projects, industrial automation to spur demand for industrial fasteners
  • Strong recuperation in automotive and construction sector is sustaining growth in the developed economies.
  • Increasing demand for high-value titanium fasteners in aerospace applications and light weight plastic fasteners in automotives
  • Budding applications in textile and healthcare sector

Global Industrial Fasteners Market: Product Segment Analysis

  • Externally Threaded
  • Aerospace Grade
  • Standard
  • Others (electrical and electronics, aerospace & defense)

Global Industrial Fasteners Market: Application Segment Analysis

  • Automotive OEM
  • Machinery OEM
  • MRO and Construction
  • Other OEM

Browse the full Industrial Fasteners Market- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/industrial-fasteners-market

About Us

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Media Contact
Company Name: Credence Research, Inc
Contact Person: Chris Smith, Global Sales Manager
Email: Send Email
Phone: +1-800-361-8290
Address:105 N 1st ST #429, SAN JOSE, CA 95103 US
City: SAN JOSE
State: California
Country: United States
Website: http://www.credenceresearch.com/http://www.credenceresearch.com/report/industrial-fasteners-market