Flange Fasteners Market Scope
A flange fastener is a nut, screw, or bolt that comes with a wide flange at one end which is designed to act as a non-spinning and integrated washer. The factors such as Increasing Demand for Flange Nuts and Bolts and Increased Use of Flange Fasteners in Manufacturing Industries are the key drivers for the global Flange Fasteners market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | 3M (United States), STANLEY Engineered Fastening (United States), Locknut Technology, Inc. (United States), Ramco Specialties Inc. (United States), Böllhoff (Germany), Jergens Inc. (United States), Jeng Bright International Corporation (Taiwan), Infasco (United States), Staytite Ltd (United Kingdom), Changshu Youbang Radiator Co., Ltd. (China), Shenzhen Huayuan Precision Products (China), KAMAX Holding GmbH & Co. KG (Germany) and Zhejiang Zhenglian Industrial Development (China) |
CAGR | 6.6% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Flange Fasteners market throughout the predicted period.
3M (United States), STANLEY Engineered Fastening (United States), Locknut Technology, Inc. (United States), Ramco Specialties Inc. (United States), Böllhoff (Germany), Jergens Inc. (United States), Jeng Bright International Corporation (Taiwan), Infasco (United States), Staytite Ltd (United Kingdom), Changshu Youbang Radiator Co., Ltd. (China), Shenzhen Huayuan Precision Products (China), KAMAX Holding GmbH & Co. KG (Germany) and Zhejiang Zhenglian Industrial Development (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Haiyan Brother United Fastener Co., Ltd (China) and National Bolt & Nut Corporation (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Flange Fasteners market by Type , by Application (Traffic, Electric power, Communication, Manufacturing and Others) and Region with country level break-up.
On the basis of geography, the market of Flange 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2020,The YORK® brand of Johnson Controls, the global leader for smart and sustainable buildings, and the architect of OpenBlue connected solutions, unveiled a new complete home comfort system with state-of-the-art zoning technology, offering improved, high-efficiency comfort with simplified installation and setup. The Hx™3 Communicating Zoning System gives consumers ultimate control of individual room temperatures in up to eight zones that they can manage anywhere with the new and improved Hx™ app.
In September 2023,California Economizer and its Zonex Systems brings together the two oldest manufacturers of zoning dampers and zone-control systems,” said Dick Foster, the president of Zonefirst and its parent company, Trolex, in a press release. “The company’s parallel paths of how they began being on opposite coasts, one being more residentially focused, the other being commercial, both being started by our fathers, and the complimentary product offerings, make this a very synergistic
Influencing Trend:
Increasing Demand for Highly Efficient Products
Market Growth Drivers:
Increasing Demand for Flange Nuts and Bolts and Increased Use of Flange Fasteners in Manufacturing Industries
Challenges:
High Maintenance Cost
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growth in the Railway Industry and Increasing Demand from End-users
Key Target Audience
Flange Fasteners Manufacturers, Distributors, Emerging Companies, Research Professionals and End-users