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Industrial Fasteners market was valued at a CAGR of 6.3% during the forecast year 2014-2025

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Samaira Acharya
Industrial Fasteners market was valued at a CAGR of 6.3% during the forecast year 2014-2025

A fastener is a hardware device that mechanically joins or affixes two or more objects together. In general, fasteners are used to create non-permanent joints; that is, joints that can be removed or dismantled without damaging the joining components. Welding is an example of creating permanent joints.

Fasteners can also be used to close a container such as a bag, a box, or an envelope; or they may involve keeping together the sides of an opening of flexible material, attaching a lid to a container, etc. There are also special-purpose closing devices, e.g. a bread clip.

Some types of woodworking joints make use of separate internal reinforcements, such as dowels or biscuits, which in a sense can be considered fasteners within the scope of the joint system, although on their own they are not general purpose fasteners.

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- Research Methodology

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With the development of technology and the down trend of raw materials-steel, the global average price of industrial fasteners is in the decreasing trend, from 2359 USD/MT in 2013 to 2141 USD/MT in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years.

Industrial fasteners including nuts, bolts, and screws are used to join or fix two or more objects together. These products are expected to witness significant demand over the upcoming years as they increase the durability of the joined parts, and can be used on different kinds of substrates such as Steel, Cooper, Aluminum, etc. Steel Fasteners dominate the market with market share nearly 90%.

Fasteners are application in automotive, electric & electronics, machinery, construction, MRO and other industry. The most proportion of Fasteners is used in automotive, and the market share in 2017 is about 26% and the proportion of electric & electronics in 2017 is about 18%.

The Industrial Fasteners market was valued at 55600 Million US$ in 2018 and is projected to reach 90500 Million US$ by 2025, at a CAGR of 6.3% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Industrial Fasteners.

 

This report presents the worldwide Industrial Fasteners market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.

This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

 

The following manufacturers are covered in this report:

  • W rth
  • PCC
  • ITW
  • Alcoa
  • Araymond
  • LISI
  • STANLEY
  • Fontana Gruppo
  • Shanghai PMC (Nedschroef)
  • NORMA
  • Aoyama Seisakusho
  • KAMAX
  • Agrati Group
  • Meidoh
  • NAFCO
  • Gem-Year
  • Bulten
  • Boltun

Industrial Fasteners Breakdown Data by Type

 

  • Steel Type
  • Cooper Type
  • Aluminum Type
  • Other
Industrial Fasteners Breakdown Data by Application

 

  • Automotive Industry
  • Electric & Electronics
  • Machinery Industry
  • Construction Industry
  • MRO (Maintenance, repair, and operations)
  • Others

Industrial Fasteners Production by Region

 

  • United States
  • Europe
  • China
  • Japan
  • Other Regions

Industrial Fasteners Consumption by Region

 

  • North America
  • United States
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Malaysia
  • Philippines
  • Thailand
  • Vietnam
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Rest of Europe
  • Central & South America
  • Brazil
  • Rest of South America
  • Middle East & Africa
  • GCC Countries
  • Turkey
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

The study objectives are:

 

  • To analyze and research the global Industrial Fasteners status and future forecast involving, production, revenue, consumption, historical and forecast.
  • To present the key Industrial Fasteners manufacturers, production, revenue, market share, and recent development.
  • To split the breakdown data by regions, type, manufacturers and applications.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends, drivers, influence factors in global and regions.
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Industrial Fasteners :

 

  • History Year: 2014 - 2018
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Year: 2019 - 2025

This report includes the estimation of market size for value (million USD) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Industrial Fasteners market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

 

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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