Industry Background:
A crimp nuts is referred to as a device which co-joins or affixes the two or more objects together by deforming one or both of them to hold the other. In general, crimp nuts are basically used to create the non-permanent joints which are, joints that can be dismantled or removed without damaging the components which are joined. There are various types of material used for making different crimp nuts. One of such is metal crimp nuts and the other one is plastic crimp nuts. The demand for the crimp nuts is increasing due to the growing demand from the automotive, manufacturing, and construction industry, while factors like the presence of defective products is hampering the market.This growth is primarily driven by Increasing demand from the automotive, construction, and manufacturing industry
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Industrial Conglomerates sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as BOLLHOFF (Germany), GESIPA Blindniettechnik GmbH (Germany), Arconic (United States), Specialinsert s.r.l. (Italy), KVT-Fastening AG (Germany), Clufix (France), VVG Befestigungstechnik (Germany), RIVELIT (Titanox Fastening Technologies) (France), PENN Engineering (United States) and Acument Global Technologies (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Increasing demand from the automotive, construction and manufacturing industry across all the regions is expected to drive the demand for crimp nuts over the forecast timeline. According to the Bureau of Labor Statistics and a report from Timetric’s Construction Intelligence Center (CIC), the construction industry is booming and is projected to be the fastest-growing industry into 2020.
Influencing Trend:
Rising demand in the aerospace industry and Growing demand for specialty crimp nuts
Market Growth Drivers:
Increasing demand from the automotive, construction, and manufacturing industry and Developments in the maintenance and construction industry
Challenges:
Fluctuating prices of raw materials such used in making of crimp nuts
Restraints:
Defective products hampering the market
Opportunities:
Increased government spending in the residential, industrial and commercial construction sector especially in the Asia Pacific, African and Mexican region
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Crimp Nuts Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Crimp Nuts Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Crimp Nuts players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Crimp Nuts Study Sheds Light on
The Crimp Nuts Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Crimp Nuts industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Crimp Nuts industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.