Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for auto industry professionals · Wednesday, November 30, 2022 · 603,931,112 Articles · 3+ Million Readers

Industrial Fasteners Market Size is forecast to reach $95.2 billion, at a CAGR of 3.9% - IndustryARC

Industrial Fasteners Market

Market Research Reports, Business Consulting Services & Analytics

Industrial Fasteners Market Size is forecast to reach $95.2 billion by 2026, at a CAGR of 3.9% during 2021-2026.

HYDERABAD, TELANGANA, INDIA, September 23, 2022 /EINPresswire.com/ -- Industrial Fasteners Market Size is forecast to reach $95.2 billion by 2026, at a CAGR of 3.9% during 2021-2026. Industrial Fasteners include exhaust bolts, balance wheel bolts, standard hexagon screws/bolts, socket head cap screws, socket shoulder screws, weld nuts, square nuts, hexagon nuts, self-tapping screws and others that are generally used to join the different parts of items. Growth in the automobile industries in developing countries for instance India, China and others along with rising construction activities have boosted the market growth. Surge in economic expansion coupled with the growing machinery, motor vehicles and other durable goods production have boosted the growth of the market.

Click here to browse the complete report summary:
https://www.industryarc.com/Research/Industrial-Fasteners-Market-Research-503568

Key takeaways:

This IndustryARC report on the Industrial Fasteners market highlights the following areas -

1. Surge in the Industrialization along with the growth of Automotive owing to the rising global car demands along with increasing construction activities to modernize the infrastructure have driven the growth of the market.

2. Building & Construction segment is witnessing a significant growth in the market owing to maintenance and repairs, construction of temporary buildings, on-site assembly of pre-cut, panelized, and prefabricated buildings, construction of distribution lines and related buildings and structures for utilities and others.

3. APAC is witnessing a major growth in the market owing to the surge in expenditure for construction and aerospace sector due to advancement in technology and growth of IIoT in manufacturing sector and others.

Interested in knowing more relevant information? Click here:
https://www.industryarc.com/pdfdownload.php?id=503568

Segmental Analysis:

1. The Metal segment is growing at a significant market CAGR of 4.4% in the forecast period due to the growth in global automation along with the rise of industry 4.0 and IoT in the manufacturing sector which has led to the adoption of metal fasteners for bolts, nuts, screws and others.

2. Industrial Fasteners Market in APAC region held significant market share of 39.5% in 2020. Growth in the construction activities coupled with the aerospace sector and automobile sector are analyzed to fuel the market in this region. According to the Boeing Services Market Outlook report, in 2019 the commercial aviation industry is expected to have a remarkable growth in APAC.

3. Building and Construction sector is expected to witness a highest CAGR of 4.5% in the forecast period as there is a requirement of strength and precision owing to the heavy-duty applications to join materials together.

Competitive landscape:

The top 5 players in the Industrial Fasteners industry are:

1. Sterling Tools Limited
2. ACME Fasteners Pvt. Ltd
3. A Raymond Fasteneres India Pvt., Ltd
4. KOVA Fasteners Pvt Ltd
5. RMB Industries

Click on the following link to buy the Industrial Fasteners Market Report:
https://www.industryarc.com/reports/request-quote?id=503568

Why Choose IndustryARC?

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. If you are looking for a detailed overview of a particular market, you can simply connect with the team at IndustryARC. You can not only buy your preferred market report from the website, but also get personalized assistance on specific reports.

Related Reports:

A. Industrial Motors Market
https://www.industryarc.com/Report/7383/industrial-motors-market-report.html

B. Automotive Motors Market
https://www.industryarc.com/Research/Automotive-Motors-Market-Research-501037

Contact Us:

Mr. Venkat Reddy
IndustryARC
Email: venkat@industryarc.com, sales@industryarc.com
USA: (+1) 970-236-3677, (+1) 815-656-4596
IND: (+91) 40-485-49062

Venkat Reddy
IndustryARC
+1 614-588-8538
venkat@industryarc.com
Visit us on social media:
Facebook
Twitter
LinkedIn

Powered by EIN Presswire


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release