What is Toggle Bolt Market?
A toggle bolt, also known as a butterfly anchor, is a fastener for hanging objects on hollow walls such as drywall. Toggle bolts have wings that open inside a hollow wall, bracing against it to hold the fastener securely.
The market study is being classified by Type (Standard and Custom), by Application (Electrical, Security and Plumbing) and major geographies with country level break-up.
Essentra Components (United States), Western States Hardware (United States), L. H. Dottie Co (California), Milcom Supply and Manufacturing, Inc (United States), Fastener Technology Inc (United States), Ford Atlantic Co (United States) and Associated Fastening Products, Inc (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Toggle Bolt market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Toggle Bolt market by Type, Application and Region.
On the basis of geography, the market of Toggle Bolt has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand in the Production Industry
Market Trend
- Increasing Demand in Construction and Manufacturing Industry
Restraints
- Fluctuation in the Price of Raw Material
Opportunities
- Increased Government Spending in the Residential, Industrial and Commercial Construction Sector
Challenges
- Increasing Substitutes in the Market
Key Target Audience
Toggle Bolt Manufacturer, Toggle Bolt Distributor/ Supplier, Raw Material Supplier, Government Agencies and End-User