Global Industrial Fasteners Market- Top Key Players are Standard Fasteners Ltd., Kova Fasteners Pvt. Ltd., LISI Group, ATF Inc., and Nitto Seiko Co., Ltd. – ZMR Blog
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Global Industrial Fasteners Market- Top Key Players are Standard Fasteners Ltd., Kova Fasteners Pvt. Ltd., LISI Group, ATF Inc., and Nitto Seiko Co., Ltd.

Industrial fasteners are tools utilized to connect two or more parts of a product, enabling the development of a superior quality and reliable end product. A variety of types of industrial fasteners is used across sectors such as automotive, construction, mining, marine, nuclear, petrochemicals, railways, and aerospace. A number of application-specific fasteners are engineered with high strength and durability to meet the precise needs of end-users.

As per analysts at Zion Market Research, global industrial fasteners market was capitalized at USD 84.9 Billion in 2016. The industrial fasteners market is likely to cross USD 116.5 Billion in 2022 and is expected to increase at a CAGR of 5.4 % from 2017 to 2022.

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Rapidly Growing Demand From The End-Use Sectors To Boost The Global Industrial Fasteners Market In The Near Future

Fasteners are employed to join together the different elements of the automobile such as soldering, spot welding, washers, nuts & bolts, clips, clamps, and screws among others. As per analysts at Zion Market Research, the global industrial fasteners market is majorly boosted by rapidly growing demand from the end-use sectors such as aerospace, automotive, and construction. In addition to this, sturdy recovery in automotive and construction sector is sustaining the development of global industrial fasteners market in the developed countries. Apart from this, increasing requirement in aerospace applications for costly titanium fasteners and in automotive sector for light weight plastic fasteners is likely to boost the requirement of global industrial fasteners market in years to come. On the other hand, the possible threat of substitution from optional joining techs such as adhesives is likely to negatively affect the global industrial fasteners market development.

Industrial Fasteners Market Segment by Product Types considering Production, Revenue (Value), Price Trends:

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

Industrial Fasteners Market Segment by Applications considering Consumption Growth Rate and Market Share:

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

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However, increasing mergers and acquisitions is claimed to boost the growth of global industrial fasteners market in the near future. For example, in December 2017, Kian Soon Mechanical Components was obtained by BUFAb.

Development Of Major End-User Sectors To Augment The Development Of Global Industrial fasteners market In Asia Pacific

Area-wise, Asia Pacific was the biggest area for industrial fasteners market in 2016. It added up for over 30% share of the total income of industrial fasteners market. The development in the area is majorly credited to the development of major end-user sectors such as aerospace, automotive, shipbuilding, defense, and railways. Europe and North America are likely to have decent development in industrial fasteners market in the years to com. In addition, Middle East & Africa and Latin America are likely to see the moderate development for industrial fasteners market due to the increasing demand from automotive & construction sector.

Major Key Players of Industrial fasteners market Report:

  • Standard Fasteners Ltd (Canada)
  • Kova Fasteners Pvt. Ltd. (India)
  • LISI Group (France)
  • Stanley Black & Decker (US)
  • Nifco (India)
  • Precision Castparts Corp(US)
  • ATF Inc.(US)
  • Nitto Seiko Co., Ltd. (Japan)

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The study objectives of Industrial fasteners market report are:

  1. To analyze and research the global Industrial fasteners market capacity, production, value, consumption, status and forecast;
  2. To focus on the key Industrial fasteners market manufacturers and study the capacity, production, value, market share and development plans in next few years.
  3. To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
  4. To define, describe and forecast the market by type, application and region.
  5. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  6. To identify significant trends and factors driving or inhibiting the market growth.
  7. To analyze the opportunities in the market for stakeholders by identifying the high growth segments.

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