Industrial Fasteners Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Report Scope

This report analyzes the global industrial fasteners market in terms of product type, application, and geography. Based on product type, the global industrial fasteners market is segregated into standard industrial fasteners (external threaded, internal threaded, and non-threaded), aerospace-grade fasteners, and other application-specific fasteners. Similarly, on the basis of application, the market for industrial fasteners is further classified into original equipment manufacturing, construction and maintenance/repair/operations (MRO). The geographical distribution of the global industrial fasteners market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Overview:

The steady growth in the industrial output coupled with investments made by the governments in aviation and aerospace projects is identified as the major factor driving industrial fasteners market. In addition, resurgence in the construction sector post economic crisis is further expected to drive demand for industrial fasteners worldwide. These factors are expected to contribute towards a CAGR of 5.3% during the forecast period 2021 - 2029. However, issues such as lack of product differentiation resulting in price wars and profit crunching pose moderate challenge to the market growth. The industrial fasteners market is expected to reach US$ 124.01 Bn by 2029.

Report Description

Purpose of the Report

The purpose of this strategic research study titled “Industrial Fasteners Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 - 2029” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the industrial fasteners market.

Target Audience

• Industry Investors
• Industrial Fastener Manufacturers
• Original Equipment Manufacturers
• Other Component Manufacturers
• Distributors, Retailers, and End-users

USP and Key Offerings

The report titled “Global Industrial fasteners Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 - 2029” offers strategic insights into the global industrial fasteners market along with the market size and estimates for the duration 2018 to 2029. The said research study covers in-depth analysis of multiple market segments based on product type, application, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading industrial fastener manufacturers, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments.

Other in-depth analysis provided in the report includes:

• An overview of the global industrial fasteners market
• Current and future market trends to justify the forthcoming attractive sub-markets within the industrial fasteners market
• Qualitative assessment tools such as market drivers, challenges and future prospects, value chain, and attractive investment proposition.
• Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics.
• A general overview of the industry structure
• Company profiles highlighting key information about the major players operating in the global industrial fasteners market
• Market competition scrutiny tools such as market share analysis, fractal map, etc.
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global industrial fasteners market, offering market size and estimates for the period from 2018 to 2029, keeping in mind the above mentioned factors.

Based on product type, the global industrial fasteners market is segmented into following categories

• Standard Fasteners
• External Threaded
• Internally Threaded
• Non-Threaded
• Aerospace-grade Fasteners
• Application-specific Fasteners

In the base year 2020, standard fasteners represented the largest product segment in the global industrial fasteners market. Externally threaded fasteners including standard screws and standard bolts were the most dominant product sub-segment within standard industrial fasteners segment. This is majorly on account of their increasing use in automotive and construction applications. The segment accounted for over half of the global market revenue in the same year and is presumed to register gains, especially in the first half of the forecast period, but at subdued rate as compared to witnessed during 2010-2020. The sluggish growth in the standard industrial fasteners market can be attributed to the expected slowdown in the production of motor vehicle and machinery shipments during the forecast period 2021 - 2029. On the other hand, aerospace-grade industrial fasteners are poised to exhibit fastest growth, majorly supported by multitude of investment in aerospace and defense sector by the governments across the globe.

On the basis of application, the global industrial fasteners market is categorized into following segments:

• Original Equipment Manufacturing
• Construction
• Maintenance Repair Operations (MRO)

The use of industrial fasteners by automotive OEMs, industrial machinery OEMs, electrical and electronics OEMs, and aerospace OEMs collectively accounted for majority of the global industrial fasteners market revenue share in the base year 2020. The trend shall prolong and the segment is poised to retain its dominating position throughout the forecast period. Steady growth in the production of automotives, industrial machinery and electronic components is driving demand for industrial fasteners for original equipment manufacturing. On the other hand, the use of industrial fasteners for maintenance/repair/operations is expected to witness robust growth. The growth in this segment can be majorly credited to the larger share of original equipment manufacturing segment. Thus, steady rise in industrial output and continued growth in service revenues and government expenditure bodes well for the market growth in the MRO segment.

On the basis of geography, the global market for industrial fasteners is segmented into following regions and countries

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Russia
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Rest of Asia Pacific
• Rest of the World
• Latin America
• Middle East
• Africa

As of 2020, Asia Pacific dominated the industrial fasteners market in terms of both revenue and unit shipments. Asia Pacific led the global industrial fasteners market on account of increasing inflow of foreign funds and resurgence in the manufacturing sector. China is the leading exporter and producer of industrial fasteners worldwide and is presumed to register strong gains in the coming years. Steady growth in the production of industrial machinery and electronic components is driving demand for fasteners in China. In addition, dedicated investments by the government in aviation and aerospace projects are also supporting demand for industrial fasteners in China. On the other hand, the market for industrial fasteners in North America and Europe is slowly regaining its original growth levels post bleak market conditions prevalent during economic recession.


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