Half Thread Bolt Market Forecasts to 2030 - Global Analysis By Material Type, Size and Diameter, Thread Type, Price Range, Distribution Channel, Application, End User and By Geography

According to Stratistics MRC, the Global Half Thread Bolt Market is accounted for $58.5 billion in 2023 and is expected to reach $98.3 billion by 2030 growing at a CAGR of 7.7% during the forecast period. The industry that manufactures, sells, and distributes bolts with a partially threaded design is known as the "Half Thread Bolt." Only part of the shaft of these specialty bolts is usually threaded, leaving the remaining portion of the bolt unthreaded. This unique design serves a specific function and frequently combines the benefits of fully threaded and non-threaded bolts.

According to the United Nations (UN), around 68% of the world population is expected to live in urban areas by 2050.

Market Dynamics:

Driver:

Infrastructure development

The need for dependable and lasting fasteners like half-thread bolts rises as countries invest in developing their infrastructure, including roads, bridges, and public utilities. In order to guarantee the stability and structural integrity of diverse infrastructure projects, these bolts are essential. Half-thread bolts are a necessary fastening option, whether they are utilized in the assembly of building support structures or the development of transportation networks.

Restraint:

Fluctuating raw material prices

Since raw materials like steel are used to make most half-thread bolts, fluctuations in their price have an immediate effect on production costs. Unexpected rises in the cost of steel can result in higher manufacturing costs, which could lower manufacturers' profit margins and change how affordable half-thread bolts are for final consumers. However, the raw material market's supply-demand imbalances, conflicts in international trade, and economic uncertainty all pose threats to the market.

Opportunity:

Technological developments

Half-thread bolts perform better, last longer, and work more efficiently due to improvements in production techniques, materials, and design. The manufacturing of bolts with enhanced tensile strength, resistance to corrosion, and other essential properties is made possible by innovations that satisfy the changing demands of various industries. Furthermore, advancements in technology enable more affordable production, expanding the market for premium bolts. Improved accuracy and production-based customization make half-thread bolts more versatile for a range of uses, which increases their market potential.

Threat:

Environmental concerns

As environmental responsibility and sustainability become more important, there is a growing need for eco-friendly options in manufacturing and construction. The environmental impact of traditional half-thread bolts, which typically consist of steel, can attract concern because of how they are extracted and disposed of. The problem gets worse with stricter laws governing emissions and the disposal of trash. This has forced the industry to look into more environmentally friendly alternatives, like recyclable or biodegradable materials, which could lead to a move away from traditional half-thread bolts.

COVID-19 Impact:

Global industrial and building activity decreased as a result of the widespread lockdowns, disruptions in the supply chain, and uncertainty in the economy. The need for half-thread bolts was directly impacted by the numerous building projects that were postponed or canceled. Suppliers and manufacturers had to reevaluate production schedules and adjust to the volatile marketplace as the construction industry, a significant consumer of half-thread bolts, experienced difficulties.

The alloy half thread bolts segment is expected to be the largest during the forecast period

Due to alloy materials' higher strength, durability, and resistance to corrosion over more conventional materials like carbon steel, the alloy half-thread bolts category held the largest market share. To guarantee dependable and long-lasting fastening solutions, industries-especially those in the construction, automotive, and industrial sectors-are using alloy half-thread bolts more and more. Moreover, the use of alloy variations has increased as people's understanding of the value of high-performance fasteners in crucial applications has grown.

The automotive bolts segment is expected to have the highest CAGR during the forecast period

Because of the strong growth of the automobile industry and the rising demand for dependable, high-performing fastening systems, the automotive bolts category is predicted to experience profitable growth. In order to secure different components and guarantee structural integrity, half-thread bolts are essential to automobile assembly. The demand for specialty bolts that combine strength and precision is rising due to developments in automotive technology, such as the development of electric vehicles and lightweight designs. Moreover, these shifting regulations, along with the global trend toward environmentally friendly and fuel-efficient automobiles, are driving up the usage of automotive bolts.

Region with largest share:

Due to the demand for half-thread bolts being driven by rapid urbanization, strong industrialization, and massive infrastructure development projects across countries like China, India, and Southeast Asian nations, the Asia-Pacific region accounted for the largest share. The region's thriving automotive sector, which is supported by rising consumer demand and manufacturing activity, additionally plays a significant role in the increase in demand for half-thread bolts.

Region with highest CAGR:

With so many ongoing residential, commercial, and infrastructure projects, the construction industry in North America is expected to grow at a profitable rate, which will result in a large increase in the need for half-thread bolts. Reliability and durability in fastening systems are crucial, particularly considering the region's commitment to infrastructure development and emphasis on sustainable building standards.

Key players in the market:

Some of the key players in Half Thread Bolt market include Acument Global Technologies, Agrati Group, Alcoa Fastening Systems, Dokka Fasteners, Fastenal Company, Kova Fasteners, Lokring Technology LLC, MW Industries, Inc., Nucor Corporation, Portland Bolt & Manufacturing Company, Ramco Specialties Inc, Stanley Black & Decker, Sundram Fasteners Limited and The Hillman Group.

Key Developments:

In September 2023, MW Components, a leading provider of precision components, announced the acquisition of Elgin Fastener Group, a specialty fastener manufacturer. The combined company will offer the most comprehensive set of specialty fasteners in the market, including custom fasteners such as nuts, bolts, rivets, screws, and more, along with an extensive catalog of in-stock components.

In June 2023, Halozyme Therapeutics, Inc. entered into a global collaboration and non-exclusive license agreement with Acumen Pharmaceuticals leveraging Halozyme's ENHANZE drug delivery technology, a recombinant human hyaluronidase PH20 enzyme (rHuPH20) for rapid subcutaneous drug delivery, for a single target. Acumen intends to explore the potential use of ENHANZE for ACU193, Acumen's clinical-stage monoclonal antibody (mAb) candidate to target Amyloid-B Oligomers (ABOs) for the treatment of early Alzheimer's disease (AD).

Material Types Covered:

• Steel Half Thread Bolts
• Stainless Steel Half Thread Bolts
• Alloy Half Thread Bolts
• Brass Half Thread Bolts
• Titanium Half Thread Bolts
• Aluminum Half Thread Bolts
• Other Material Types

Size and Diameters Covered:

• Small Diameter Half Thread Bolts
• Medium Diameter Half Thread Bolts
• Large Diameter Half Thread Bolts

Thread Types Covered:

• Fine Thread Half Bolts
• Coarse Thread Half Bolts
• Other Thread Types

Price Ranges Covered:

• Low-Cost Half Thread Bolts
• Mid-Range Half Thread Bolts

Distribution Channels Covered:

• Direct Sales
• Distributors
• Online Retail

Applications Covered:

• Structural Bolts
• Automotive Bolts
• Aerospace Bolts
• Machine Bolts
• Other Applications

End Users Covered:

• Construction and Infrastructure
• Manufacturing
• Oil and Gas
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances