Because Industrial Fasteners are widely used in the automotive, electrical, and other industries, their demand is expected to expand significantly. players in the business are also benefiting from the development of new features such coatings that shield fasteners from corrosion and wear. Fact.MR states that providers' attention will be focused on profitable markets like the United States, China, Germany, and the United Kingdom, to name a few.

Browse in-depth TOC on "Sales of Industrial Fasteners"

70 Tables and

424 Figures

170 Pages 

While industry outlook is forecast to remain positive, adoption of advanced processes such as hot-dip galvanizing, zinc, and chrome coatings are set to further widen the growth scope for manufacturers.

According to Fact.MR’s report, the global industrial fasteners market is expected to ascend at over 4% CAGR through 2031.

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Key Takeaways from Market Study

High demand for plastic fasteners likely to be witnessed

Threaded industrial fasteners to gain traction

Demand from automotive and building & construction sectors to drive sales

North America to sustain its leading position, with its epicenter being the United States

Germany to remain in the spotlight in Europe’s industrial fasteners industry

Asia Pacific to exhibit fastest growth in the global industrial fasteners market

China, Japan, India, France, Italy, and the United Kingdom to remain lucrative markets

“With manufacturers bringing in a wider variety of externally and internally threaded industrial fasteners, they are utilizing the huge opportunities across diverse end-use sectors, from automotive to aerospace,” says a Fact.MR analyst.

How is Growing Requirement in Building & Construction Raising the Profit Margins of Manufacturers?

Industrial fasteners play a crucial role in promoting safety by joining two or more objects as far as building and construction is concerned. While the industry suffered a setback due to the outbreak of the deadly coronavirus earlier in 2020, the recovery phase is drawing more potential players since the ending of the year.

According to a report titled “Canada- Architecture, Construction, and Engineering”, published by Select USA on 30th September 2019, the Canada construction sector was valued at US$ 126.3 billion, accounting for over 7% of Canada’s Gross Domestic Product (GDP) as in 2019. As stated in the report, the sector purchases goods and services from every region of the country while employing approximately 1.4 million people, as in 2018. This not only indicates the progressive future of the building & construction industry but also new opportunities awaiting industrial fastener manufacturers.

According to China - Country Commercial Guide, China's construction & architectural industry grew 7% from 2015 to 2020, while earnings from this sector reached approximately US$ 220.8 billion in 2020.

Such figures are pointing towards new growth paths for industrial fastener providers across the world.

Key Players:

American Fastener Technologies Corporation | American Bolt & Screw | AF Fastener | Acument Global Technologies (Fontana Gruppo) | Birmingham Fastener | Delta Fastener Corp. | De Walt | Eurofast | Elgin Fastener Group | Extreme Bolt & Fastener | Ford Fasteners, Inc. | HILTI | Impalabolt | ITW | Johns Manville | KD FASTENERS, INC. | LISI Group | Midwest Fastener Corp | Ningbo Qunli Fastener Manufacture Co., Ltd. | Nobel Precision Metal Co., Ltd. | Ocean State Stainless, Inc. | PCC Fasteners | Penn Engineering & Manufacturing | Rahul Fasteners & Fittings | Raptor Nails & Staples | Reliable Polymer Industries | SA Bolt Manufacturers | Schaaf-GmbH | Shanghai Jianxin Hardware Co., Ltd. | SUNO GROUP LIMITED | Sure FAS | Sternly Black & Decker | Tianjin Fine Fasteners Co., Ltd | Vöhrs GmbH & Co. KG | Wilhelm Bollhoff GmbH & Co. KG

Who is winning in this Space?

With the global industrial fasteners space getting stricter in terms of competition, key players are focusing more on the frequency of product launches in order to capture low-hanging opportunities across regions.

For instance,

Stanley Black & Decker, Inc. recently launched its new Stanley Engineered Fastening Solutions, NeoBolt® Installation Tool.

MW Industries Inc. launched its new Carbon Composite Disc Springs, Coiled Springs, and Belleville Custom Disc Springs over the last 5 years.

To learn more about Industrial Fasteners Market, you can get in touch with our Analyst at:

More Valuable Insights:  

In its latest report, Fact.MR offers an unbiased analysis of the industrial fasteners market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of material (plastic and metal), product type (threaded, non-threaded, and aerospace grade), and end user (automotive, building & construction, home appliances, aerospace, and others), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

Key Companies Profiled:

American Fastener Technologies Corporation, American Bolt & Screw, AF Fastener, Acument Global Technologies (Fontana Gruppo), Birmingham Fastener, Delta Fastener Corp., De Walt, Eurofast, Elgin Fastener Group, Extreme Bolt & Fastener, Ford Fasteners, HILTI, Impalabolt, ITW, Johns Manville, KD FASTENERS, LISI Group, Midwest Fastener Corp, Ningbo Qunli Fastener Manufacture Co., Nobel Precision Metal Co., Ocean State Stainless, PCC Fasteners, Penn Engineering & Manufacturing, Rahul Fasteners & Fittings, Raptor Nails & Staples, Reliable Polymer Industries, SA Bolt Manufacturers, Schaaf-GmbH, Shanghai Jianxin Hardware Co., SUNO GROUP LIMITED,, Sure FAS, Sternly Black & Decker

Competitive Landscape:

In 2020, Stanley Black and Decker partnered with OEMs and many other suppliers to enhance the supply chain of its products.

In June 2021, Greeknote, a leading manufacturer of anti-corrosion coatings, introduced advanced G5K, which provides coating performance for at least 5,000 hours.

Browse Full Report @ https://www.factmr.com/report/industrial-fasteners-market

Segmentation of Industrial Fasteners Industry Research:

By Material :Metal

Steel

Stainless Steel

Alloy Steel

Copper & its Alloys

Aluminum

Titanium

Nickel & its Alloys

Others

Polymer

By Type :Screws

Wood Screws

Machine Screws

Thread Cutting Machine Screws

Sheet Metal Screws

Self-Drilling

Socket Screws

Others

Nuts

Hexagon Nuts

Flange Nuts

Wing Nuts

Kep Nuts

Push Nuts

Castle Nuts

Coupling Nuts

Pal Nuts

Others

Bolts

Track Bolts

Square Bolts

Plow Bolts

Round Bolts

Lag Bolts

Aircraft Bolts

J-Bolts

U-Bolts

Shoulder Bolts

Elevator Bolts

HR Bolts

HV Bolts

Others

Washers

Lock Washers

Structural Washers

Others

Anchors

Dowel Pins

By Application :Chemical Industry

Heat Exchangers

Exhaust Systems

Tanks and Vessels

Processing Equipment

Petrochemical Industry

High Pressure Pumps & Vessels

Pumping Stations

Metering Pumps

Others

TransportationRailways

Trains

Infrastructure

Marine

Decks

Tanks

Ramps

Bulkheads

Others

Automotive

Power Generation & TransmissionRenewableOnshore

Electrical Equipment

Turbines

Motors

Exhaust Systems

Pumping Systems

Storage Vessels

Offshore

Non-renewable

Construction

Precious Metal Mining

Industrial Metal Mining

Mining

Agriculture

Aerospace & Defense

Others

By Sales Channel :Online

Direct to Customer

Third-Party Online

Offline

Authorized Distributors

Garages & Workshops

Specialty Stores

By Region :

North America

Latin America

Europe

East Asia

South Asia &Oceania

Middle East & Africa

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