About Marine Fasteners
The primary function of Fastener is to clamp two parts together. Every type of fastener has a unique shape and it comes in range different sizes. This market plays very important role in manufacturing of the ship rebuilding and the construction of the new ships the marine fasteners. To enhance the capabilities to resist the high tensile, torsion, as well as compressive force of marine. The use of Fasteners is differs according to the complexity of the marine fasteners differs from various types of the marine vehicle.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Global Marine Fasteners Market Is Highly Competitive And Consists Of Some Key Players. In Terms Of Market Share, Few Of The Key Players Presently Dominate The Global Market. Key Vendors With A Prominent Share In The Global Market Are Concentrating On Escalating Their Client Base The World. These Market Players Are Leveraging On Strategic Collaborative Creativities To Intensification Their Market Share And Escalation Their Profitability. Key Vendors Operating In The Global Market Are Also Acquiring Start-Ups. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Marine Fasteners market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Seastar Solutions (United States), Fasco Fasteners (United States), HandiMan Marine (United States), Attwood Marine Products (United States), Bainbridge Marine (United Kingdom), Arrow Fastener Company LLC. (United States), Sea-Dog Corporation (United States), Marine Fasteners (United States), Jignesh Steel (India) and Craftech Industries Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Integrity Fasteners (United States) and Bristol Machine Company (United States).
Segmentation Overview
AMA Research has segmented the market of Global Marine Fasteners market by Type (Screws, Bolts, Nuts, Togglers, Bits, Washers, Canvas Fasteners and Others (Hog Rings, Nails, Etc.)), Application (Fishing Vessels, Offshore Support Vessels, Merchant Marine, Yacht/Recreational Boat, Military and Others) and Region.
On the basis of geography, the market of Marine 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 Material Type, the sub-segment i.e. Stainless Steel will boost the Marine Fasteners market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Demand in Vessels
Market Growth Drivers:
Increasing Transformation in the Marine Vehicle Body Materials and Transition towards Light Weight Bodies and Increasing Growth of Ship Rebuilding Activity
Challenges:
Fluctuations in Oil & Gas Industry Could Also Emerge As a Challenge to the Growth of the Marine Fasteners Market
Restraints:
Fluctuations in Raw Material Prices
Opportunities:
High Opportunity In Merchant Marines In Future Due To Increasing Number Of Merchant Marine In Asia Pacific Region
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Marine Fasteners Surgery Manufacturers, Suppliers and Distributors, Government Regulatory and Research Organizations and End-Use Industries
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.