#Automotivefasteners

[market-insider]

Industrial Fasteners Market: Detailed Insights on Size, Share, and Growth Potential

The global industrial fasteners market size is expected to reach USD 131.45 billion by 2030, growing at a CAGR of 4.7% during the forecast period, according to a new report by Grand View Research, Inc. The market is anticipated to be driven by factors such as the increasing population, significant investments in the construction industry, and rising demand in industries like aerospace and automotive.

Industrial fasteners are available in two major types: metal and plastic. Metal fasteners dominate the industry; however, they are expected to witness lower growth than their counterparts owing to the increasing penetration of materials like plastic in applications such as aerospace and automotive due to their high corrosion resistance and lightweight characteristics.

Industrial Fasteners Market Report Highlights

Externally threaded industrial fasteners accounted for 48.08%, the largest revenue market share in 2023. High investments in the region's agriculture, construction, and mining sectors are expected to propel the demand for heavy equipment such as material handling, excavation, drilling, hauling, paving, grading, and lifting machinery over the projected period

Metal fasteners are expected to grow at a CAGR of 4.6% over the projected period. They offer high mechanical strength and impact resistance and are less susceptible to harsh conditions such as high temperature and pressure, which is expected to drive the demand over the forecast period

The Asia Pacific market is estimated to witness the fastest growth at a CAGR of 6.2% from 2024 to 2030, owing to the growth in the region's infrastructure sector, which is expected to propel the market. Furthermore, automotive, industrial machinery and electronics applications will drive the regional market for industrial fasteners

Automotive applications of industrial fasteners accounted for about USD 28.61 billion in 2023. High production volumes of automotive vehicles across the Asia Pacific have been a key factor driving the industry's growth over the past few years. Metal has dominated the segment over the past few decades. However, the rising popularity of plastic fasteners, owing to their lightweight and low cost, is expected to drive the industry's growth

The market is highly competitive and consists of several global and regional players. As the need for creative and application-specific fastener designs rises, opportunities for new players are anticipated. Rising raw material costs and high-volume production by established competitors are anticipated to be major obstacles for new entrants

For More Details or Sample Copy please visit link @: Industrial Fasteners Market Report

The market is highly competitive due to the presence of many manufacturers. A major challenge faced by the competitors is the fluctuation of raw material prices; hence, a high degree of backward and forward integration is likely to be observed among the major players in the market. This will further intensify the market rivalry and competition, making it difficult for emerging players to sustain themselves.

The growth of building & construction industry and product penetration in the market directly influence the demand for industrial fasteners. Asia Pacific is expected to witness the highest growth owing to the rapid expansion and magnitude of the construction industry in countries such as India and China. The growing population and high investments in the construction sector are the key factors driving the construction industry in these countries, which, in turn, is projected to boost the market growth over the forecast period.

Major industrial fastener manufacturing companies are established in North America and Asia Pacific; as a result, the global supply shortage for industrial fasteners provides a great business opportunity for players in these regions. Asia Pacific is expected to be the preferred market for fastener manufacturers due to high product demand and lower costs associated with raw materials, labor, land, and power.

List of major companies in the Industrial Fasteners Market

Illinois Tool Works, Inc.

Arconic Fastening Systems and Rings

Hilti Corporation

LISI Group - Link Solutions for Industry

Nifco Inc

MW Industries, Inc.

Birmingham Fastener and Supply, Inc.

SESCO Industries, Inc.,

Elgin Fastener Group LLC

Slidematic

Dokka Fasteners A S

Manufacturing Associates, Inc.

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We have segmented the global industrial fasteners market report based on raw material, product, application, and region.

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[forencisresearch]

Automotive Fastener Market by Product Type (Threaded), by Fastener Type (Nuts, Bolts), by Material (Aluminum, Iron), by Classification (Permanent), by Application (Engine), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2019 to 2027)

The Global Automotive Fastener Market is projected to reach around USD 32.5 billion by 2027 at a CAGR of around 4.4%, says Forencis Research (FSR).

#AutomotiveFastener #Market

Read More About Automotive Fastener Market: https://www.forencisresearch.com/automotive-fastener-market/

[ipratikd-blog]

The Global Automotive Fasteners Market is projected to grow from an estimated USD 21.45 billion in 2018 to USD 25.30 billion by 2025, at a CAGR of 2.39% during the forecast period. The growth of automotive fastener market is influenced by factors such as increasing vehicles production and sales.

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Automotive Fastener Market Forecast to Develop and Opportunity at 2023

A research study titled, “Automotive Fastener Market by Product and Application - Global Industry Analysis and Forecast to 2023” published by Crystal Market Research.

Automotive Fastener Market - Industry Outlook and Trend Analysis: The Global Automotive Fastener Market was worth USD 1.78 billion in 2014 and is expected to reach approximately USD 3.92 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 9.19% during the forecast period. Automotive Fastener Market size will witness critical development attributable to the development in automobile industry.

Browse Full Report @ https://www.crystalmarketresearch.com/report/automotive-fastener-market .

Recent progressions in technology and change in nature of material has upgraded the sturdiness of product. Simple accessibility of financial assistance from establishments, for example, banks makes it simple for individuals to claim a vehicle.

Growing population in nations including, India and China has increased vehicle deals and prodded demand of the product. OEMs have upgraded their penetration by setting up assembling plants in developing economies. These are effortlessly replaceable that makes it advantageous for shoppers to secure the clasp that expands secondary selling development and lifts automotive fastener market.

Automotive Fastener Market - Regional Outlook and Trend Analysis: Europe, drove by Germany has significant offer in automotive fasteners market with settled and prospering car industry facilitating enormous players to be specific Audi and Volkswagen. Asia Pacific has critical offer inferable from developing number of vehicle producers and request of cars. North America automotive fasteners market has a considerable offer because of essence of OEMs and after deals focuses that take into account nearby and in addition overseas demand.

Automotive Fastener Market - Material Outlook and Trend Analysis: Automotive fastener is fabricated by making the use of different materials including, brass, nickel, iron, plastic, stainless steel and aluminium. Stainless steel holds significant share attributable to its erosion protection property that upgrades the solidness and life of parts. Further, these are promptly accessible and have better stylish appearance when contrasted with others.

Automotive Fastener Market - Characteristics Outlook and Trend Analysis: On the basis of characteristics, automotive fasteners are accessible in semi-permanent, removable and permanent types. Semi-perpetual will be the quickest developing section because of its wide usage in different parts and structures significant commitment for after deals. Lasting has considerable offer inferable from its usage on suspension for securing the segments.

Automotive Fastener Market - Coating Outlook and Trend Analysis: The product is covered with passivated, cadmium and dry film lube. Covering on the products is done to upgrade consumption protection property of products. These are additionally ordered into strung and non-strung. Strung has significant share inferable from its usage in the vast majority of the vehicle parts. Non-strung are significantly used for internal body parts.

Automotive Fastener Market - Data Mining: Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Get Sample Copy of This Report @ https://www.crystalmarketresearch.com/report-sample/AT02597 .

Automotive Fastener Market - Distribution Channel Outlook and Trend Analysis: Based on distribution channel, automotive fastener market is sectioned into OEMs and aftermarket exchange. OEMs have significant share inferable from their key tie ups with vehicle producers. These are fabricating altered parts to hold their share. Post-retail has direct share and anticipated that would develop with rise is after deals benefit focuses.

The Automotive Fastener Market is segmented as follows-

By Material: Aluminum Nickel Plastic Iron Brass Stainless steel

By Characteristics: Semi-permanent Removable Permanent

By Coating: Cadmium coating Passivated coating Dry film lube coating By Distribution Channel: Aftermarket OEM (Original Equipment Manufacturers)

Automotive Fastener Market – Major Market Players: The leading players in the market are Permanent Technologies Inc, Atotech, Acument Global Technologies, Jiangsu Xing Chang Jiang Int'l Co Ltd, NIFCO INC, Phillips Screw Co, Shamrock International, Shanghai Tianbao Fastener Manufacturing Co Ltd and Bulten.

Some of the key questions answered by the Automotive Fastener Market report are:

What was the Automotive Fastener Market size in 2014 and forecast from 2015 to 2023?

What will be the industry Automotive Fastener Market growth from 2015 to 2023?

What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the Automotive Fastener Market forecast?

What are the major segments leading the Automotive Fastener Market growth and why?

Which are the leading players in the Automotive Fastener Market and what are the major strategies adopted by them to sustain the Automotive Fastener Market competition?

Make an Inquiry @ https://www.crystalmarketresearch.com/send-an-enquiry/AT02597 .

About Crystal Market Research: Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

Contact Us: Judy 304 South Jones Blvd, Suite 1896, Las Vegas NV 89107, United States Toll Free: +1-888-213-4282 Email: sales@crystalmarketresearch.com

[parulinduscorp]

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[parulinduscorp]

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