PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1838353
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1838353
Industrial Fasteners Market Introduction and Overview
According to SPER market research, 'Global Industrial Fasteners Market Size - By Raw Material, By Type, By Product, By Application, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Industrial Fasteners Market is predicted to reach 163.53 billion by 2034 with a CAGR of 5.08%.
Mechanical parts called industrial fasteners are used in machinery, equipment, and buildings to unite or secure two or more objects. Typical varieties include washers, rivets, nuts, bolts, screws, and pins. In many different industries, including manufacturing, automotive, aerospace, and construction, they are indispensable. Stainless steel, brass, aluminum, plastic, and titanium are among the materials used to make industrial fasteners, depending on the application's needs and the materials' strength and resistance to corrosion.
Restraints: There are significant barriers to the industrial fasteners market, notwithstanding its consistent expansion. Price fluctuations for raw materials, especially for specialized alloys, steel, and aluminum, can have a big impact on production costs and profit margins. Timely availability and delivery may be impeded by global supply chain delays resulting from pandemics, transportation issues, or geopolitical crises. Additionally, the use of fasteners may be restricted in some applications due to growing competition from alternative joining methods like adhesives and welding.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Raw Material, By Type, By Product, By Application, By Distribution Channel
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered Arconic Fastening Systems and Rings, Birmingham Fastener and Supply, Inc., Dokka Fasteners A S, Elgin Fastener Group LLC, Hilti Corporation, Illinois Tool Works, Inc., LISI Group - Link Solutions for Industry, MW Industries, Inc., Nifco Inc, SESCO Industries, Inc.
Global Industrial Fasteners Market Segmentation:
By Raw Material: Based on the Raw Material, Global Industrial Fasteners Market is segmented as; Metal, Plastic.
By Type: Based on the Type, Global Industrial Fasteners Market is segmented as; Bolts, Screws, Nuts, Washers, Rivets, Others.
By Product: Based on the Product, Global Industrial Fasteners Market is segmented as; Externally Threaded, Internally Threaded Fasteners, Non - Threaded Fasteners, Aerospace Grade Fasteners.
By Application: Based on the Application, Global Industrial Fasteners Market is segmented as; Automotive, Aerospace, Building & Construction, Industrial Machinery, Home appliances, Lawns and gardens, Motors and pumps, Furniture, Plumbing products, Renewable Energy, Silo, Others.
By Distribution Channel: Based on the Distribution Channel, Global Industrial Fasteners Market is segmented as; Direct, Indirect.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.