About Industrial Fasteners
Industrial fasteners refer to high-quality fasteners that are used in a variety of applications, ranging from the automobile industry to maritime and construction projects. The market of industrial fasteners is witnessing a huge growth due to factors like increasing demand from the automotive, construction, and manufacturing industry and developments in the maintenance industry. While some of the factors like defective product offering and fluctuating price of raw materials is further hampering the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Despite the presence of competition and brand effect problems, due to the awareness of end-users and their demand for high end products, investors are still optimistic about this area. There will be more new investors entering into this industry in the future. The manufacturers who want to occupy the market must depend on market mechanism reform, manufacturing equipment innovation, core technology improvement and brand establishment. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Industrial Fasteners market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alcoa Fastening Systems & Rings (United States), Precision Castparts Corp. (United States), Illinois Tool Works (United States), Acument Global Technologies, Inc. (United States), ATF, Inc. (United States), Dokka Fasteners A S (Denmark), LISI Aerospace (United States), Nippon Industrial Fasteners Company (Nifco) (Japan), STANLEY (United States) and Penn Engineering & Manufacturing nation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Hilti Corporation (Liechtenstein), Standard Fasteners (United States), EJOT (Germany) and MW Industries (United States).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Fasteners market by , Application (Construction, Engineering (including machinery used in manufacturing activities), Automotive and Others (including oil Refinery, Chemicals, MRO activities)) and Region.
On the basis of geography, the market of Industrial Fasteners 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). If we see Market by Commodity, the sub-segment i.e. Bolts will boost the Industrial Fasteners market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Steel will boost the Industrial Fasteners market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising demand for high-value titanium fasteners in the aerospace industry and Growing demand for specialty fasteners
Market Growth Drivers:
Increasing demand from the automotive, construction, and manufacturing industry and Developments in the maintenance industry
Challenges:
Fluctuating prices of raw materials such as steel, copper, and aluminum
Restraints:
Defective products hampering the market
Opportunities:
Increased government spending in the industrial sector especially in the Asia Pacific, African and Mexican region
Market Leaders and their expansionary development strategies
In December 2023, H-based industrial distributor AFC Industries has Acquired Chicago Industrial Fasteners. with AFC opens the door for us to continue to expand the solutions we can provide for our customers.
In September 2019, Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, announced that, from November 1, 2019, it has implemented a new operating model that will result in a leaner, more integrated, operator-centric organization that accelerates the Company’s strategic priorities. and In January 2022, Goebel Fasteners, Inc. announced a new and innovative partnership with SmartCert by Aramid Technologies. SmartCert by Aramid Technologies time in the industry has created a focus and understanding that aligns with the needs of every company along the supply chain.
Key Target Audience
Manufacturers of Industrial Fastener, Suppliers of Industrial Fastener, Importers and Exporters of Industrial Fastener, Government bodies, Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.