Industrial Fasteners Market Will Grow As Of Rise In Use Of Automotive, Machinery, And Electronics


Posted May 11, 2021 by Marketers

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.
 
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.

Request a Free Sample Copy of Industrial Fasteners Market Report @ https://www.millioninsights.com/industry-reports/industrial-fasteners-market/request-sample?utm_source=pressnews&utm_medium=Referral&utm_campaign=JyotiG11May21

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?utm_source=pressnews&utm_medium=Referral&utm_campaign=JyotiG11May21

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
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Jyoti
Phone 4086102300
Business Address Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States
Country United States
Categories Manufacturing
Tags industrial fasteners market share , industrial fasteners market size , industrial fasteners market trends
Last Updated May 11, 2021