Sep 30, 2020   SOURCE: PR NewsWire

Industrial Fasteners Market Size to Reach Revenues of over USD 117 Billion by 2025 - Arizton

CHICAGO, Sept. 30, 2020 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global industrial fasteners market report.

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The global industrial fasteners market is expected to grow at a CAGR of approx. 5% during the period 2019-2025.

Key Highlights Offered in the Report: 

    1. The construction segment is projected to grow at a CAGR of close to 5%
       during the period 2019-2025 due to the growth in residential, commercial,
       and civic infrastructure sectors.
    2. The U.S. fastener market is likely to reach a revenue mark of over $23
       billion by 2025 due to the increase in automotive, aerospace, machine
       manufacturing, building, and infrastructure construction activities.
    3. APAC and North America, the top two markets for metal fasteners will
       account for 63% of the incremental revenue through 2025.
    4. The overall metal fasteners segment is likely to reach close to $101
       billion by 2025 driven by the popularity of specialty, miniature, and
       hybrid fasteners.
    5. The global industrial fasteners market is highly fragmented with no major
       vendors taking up a significant share in the market - the leading eight
       players account for around 20% of the market share.
    6. Manufacturing companies that are expected to continue witnessing the
       negative impact of the COVID-19 pandemic during 2020 are the ones that
       employed the "Just in Time" model.
    7. In terms of revenue addition through 2025 for global threaded fasteners
       segment, APAC has potential to match cumulative revenue increment from
       Europe and North America.

Key Offerings: 

    --  Market Size & Forecast by Revenue | 2019-2025
    --  Market Dynamics - Leading trends, growth drivers, restraints, and
        investment opportunities
    --  Market Segmentation - A detailed analysis by material, type, end-users,
        and geography
    --  Competitive Landscape - 8 key vendors and 25 other vendors

Get your sample today! https://www.arizton.com/market-reports/industrial-fasteners-market-size-analysis

Industrial Fasteners Market - Segmentation

    --  Industrial metal fasteners accounted for the largest share in 2019.
        These fasteners have high application in automotive, aerospace,
        construction, electronics, machinery, and consumer appliances.
        Manufacturing of innovative products such as specialty, miniature, and
        hybrid fasteners to meet the changing consumer demand will complement
        growth.
    --  The global aerospace parts market is expected to grow at a CAGR of
        around 6% during the period. Fasteners are critical for the structural
        and operational integrity of aircraft, rockets, and fighter jets and
        have major technological and production hubs in North America and
        Europe.
    --  The demand for threaded fasteners is likely to grow at a CAGR of over 4%
        during the forecast period owing to their increasing application in
        construction, industrial machinery, railways, cars, and motorcycle
        manufacturing. Innovations in design to provide better performance and
        vibration resistance are projected to have a positive impact on the
        market.

Segmentation by Material

    --  Metal
    --  Non-metal

Segmentation by Type

    --  Threaded
    --  Non-threaded
    --  Specialty

Segmentation by End-users 

    --  Automotive
    --  Aerospace
    --  Construction
    --  Industrial & Consumers Machinery
    --  Consumer Appliances and Furniture

Industrial Fasteners Market - Dynamics

New CNC machines are cost-effective and are also more modular and smaller in size than their older counterparts. The cost-effective aspect of CNC machines enables vendors operating in high-labor cost regions to compete on an equal scale with those based in low-cost regions. The new and advanced CNC machines offer higher quality control with limited labor involvement, thereby having a positive impact on the profit margins of vendors. CNC 3D printers are the newer entrants on the block and are expected to streamline the production process of specialty fastening products.

Key Drivers and Trends fueling Market Growth:

    --  Internationalization in Automobile Segment
    --  3D Printing and Usage of New Materials
    --  Industry 4.0 and Smart Manufacturing
    --  High Demand in APAC Manufacturing Sector

Industrial Fasteners Market - Geography

APAC hosts one of the most robust manufacturing and other crucial industries, including automotive, construction, chemicals, defense, and aerospace. APAC is also home to highly enthusiastic tech-savvy professionals and a hub for millennials, driven largely by the millennial population across major countries such as China and India. For instance, as of 2019, China and India had more than 409 million millennials, which is about five times that in the US. Millennials account for the bulk usage of tech products and are the target audience for robotic and automation vendors, especially in B2C segments. Owing to the high demand for tech products, the market in APAC holds a key area of interest for vendors in the manufacturing sector, thus presenting high demand for vendors offering fasteners for the industrial and manufacturing sectors.

Get your sample today! https://www.arizton.com/market-reports/industrial-fasteners-market-size-analysis

Segmentation by Geography

    --  North America
        --  US
        --  Canada
    --  Europe
        --  UK
        --  Germany
        --  France
        --  Italy
        --  Spain
    --  APAC
        --  China
        --  Japan
        --  South Korea
        --  India
        --  Singapore
    --  Latin America
        --  Brazil
        --  Mexico
    --  Middle East & Africa
        --  GCC
        --  Turkey
        --  Israel

Prominent Vendors

    --  Stanley Black & Decker
    --  Hilti
    --  ITW
    --  Berkshire Hathaway
    --  Howmet Aerospace
    --  LISI
    --  NIFCO
    --  Fontana Gruppo

Other Prominent Vendors 

    --  3M
    --  A&G Fasteners
    --  Agrati Group
    --  Aoyama Seisakusho
    --  APL
    --  ARaymond
    --  B&B Specialties
    --  Wilhelm Bollhoff
    --  Boltfast
    --  Bulten
    --  Caparo
    --  CBC Fasteners
    --  Deepak Fasteners
    --  EJOT
    --  Ever Hardware Industrial
    --  Federal Screw Works
    --  FUCHS
    --  Gem-Year
    --  KAMAX Group
    --  KOVA Fasteners
    --  MacLean-Fogg
    --  Penn Engineering and Manufacturing (TINICUM)
    --  THE (TONG HWEI ENTERPRISE)
    --  Wurth Group
    --  Virginia Fasteners

Explore our industrial machinery profile to know more about the industry.

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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