Industrial Fasteners Market: Regulatory Landscape and 5.1% CAGR Growth Forecast to 2032

Because Industrial Fasteners are widely used in the automotive, electrical, and other industries, their demand is expected to expand significantly. players in the business are also benefiting from the development of new features such coatings that shield fasteners from corrosion and wear. Fact.MR states that providers' attention will be focused on profitable markets like the United States, China, Germany, and the United Kingdom, to name a few.

Browse in-depth TOC on "Sales of Industrial Fasteners"

70 Tables and

424 Figures

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While industry outlook is forecast to remain positive, adoption of advanced processes such as hot-dip galvanizing, zinc, and chrome coatings are set to further widen the growth scope for manufacturers.

According to Fact.MR’s report, the global industrial fasteners market is expected to ascend at over 4% CAGR through 2031.

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Key Takeaways from Market Study

High demand for plastic fasteners likely to be witnessed
Threaded industrial fasteners to gain traction
Demand from automotive and building construction sectors to drive sales
North America to sustain its leading position, with its epicenter being the United States
Germany to remain in the spotlight in Europe’s industrial fasteners industry
Asia Pacific to exhibit fastest growth in the global industrial fasteners market
China, Japan, India, France, Italy, and the United Kingdom to remain lucrative markets

“With manufacturers bringing in a wider variety of externally and internally threaded industrial fasteners, they are utilizing the huge opportunities across diverse end-use sectors, from automotive to aerospace,” says a Fact.MR analyst.

How is Growing Requirement in Building Construction Raising the Profit Margins of Manufacturers?

Industrial fasteners play a crucial role in promoting safety by joining two or more objects as far as building and construction is concerned. While the industry suffered a setback due to the outbreak of the deadly coronavirus earlier in 2020, the recovery phase is drawing more potential players since the ending of the year.

According to a report titled “Canada- Architecture, Construction, and Engineering”, published by Select USA on 30th September 2019, the Canada construction sector was valued at US$ 126.3 billion, accounting for over 7% of Canada’s Gross Domestic Product (GDP) as in 2019. As stated in the report, the sector purchases goods and services from every region of the country while employing approximately 1.4 million people, as in 2018. This not only indicates the progressive future of the building construction industry but also new opportunities awaiting industrial fastener manufacturers.

According to China - Country Commercial Guide, China's construction architectural industry grew 7% from 2015 to 2020, while earnings from this sector reached approximately US$ 220.8 billion in 2020.

Such figures are pointing towards new growth paths for industrial fastener providers across the world.

Key Players:

Who is winning in this Space?

With the global industrial fasteners space getting stricter in terms of competition, key players are focusing more on the frequency of product launches in order to capture low-hanging opportunities across regions.

For instance,

Stanley Black Decker, Inc. recently launched its new Stanley Engineered Fastening Solutions, NeoBolt® Installation Tool.
MW Industries Inc. launched its new Carbon Composite Disc Springs, Coiled Springs, and Belleville Custom Disc Springs over the last 5 years.

To learn more about Industrial Fasteners Market, you can get in touch with our Analyst at:

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More Valuable Insights:

In its latest report, Fact.MR offers an unbiased analysis of the industrial fasteners market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of material (plastic and metal), product type (threaded, non-threaded, and aerospace grade), and end user (automotive, building construction, home appliances, aerospace, and others), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

Key Companies Profiled:

American Fastener Technologies Corporation, American Bolt Screw, AF Fastener, Acument Global Technologies (Fontana Gruppo), Birmingham Fastener, Delta Fastener Corp., De Walt, Eurofast, Elgin Fastener Group, Extreme Bolt Fastener, Ford Fasteners, HILTI, Impalabolt, ITW, Johns Manville, KD FASTENERS, LISI Group, Midwest Fastener Corp, Ningbo Qunli Fastener Manufacture Co., Nobel Precision Metal Co., Ocean State Stainless, PCC Fasteners, Penn Engineering Manufacturing, Rahul Fasteners Fittings, Raptor Nails Staples, Reliable Polymer Industries, SA Bolt Manufacturers, Schaaf-GmbH, Shanghai Jianxin Hardware Co., SUNO GROUP LIMITED,, Sure FAS, Sternly Black Decker

Competitive Landscape:

In 2020, Stanley Black and Decker partnered with OEMs and many other suppliers to enhance the supply chain of its products.

In June 2021, Greeknote, a leading manufacturer of anti-corrosion coatings, introduced advanced G5K, which provides coating performance for at least 5,000 hours.

Browse Full Report @ https://www.factmr.com/report/industrial-fasteners-market

Segmentation of Industrial Fasteners Industry Research:

By Material :
- Metal
  - Steel
  - Stainless Steel
  - Alloy Steel
  - Copper its Alloys
  - Aluminum
  - Titanium
  - Nickel its Alloys
  - Others
- Polymer
By Type :
- Screws
  - Wood Screws
  - Machine Screws
  - Thread Cutting Machine Screws
  - Sheet Metal Screws
  - Self-Drilling
  - Socket Screws
  - Others
- Nuts
  - Hexagon Nuts
  - Flange Nuts
  - Wing Nuts
  - Kep Nuts
  - Push Nuts
  - Castle Nuts
  - Coupling Nuts
  - Pal Nuts
  - Others
- Bolts
  - Track Bolts
  - Square Bolts
  - Plow Bolts
  - Round Bolts
  - Lag Bolts
  - Aircraft Bolts
  - J-Bolts
  - U-Bolts
  - Shoulder Bolts
  - Elevator Bolts
  - HR Bolts
  - HV Bolts
  - Others
- Washers
  - Lock Washers
  - Structural Washers
  - Others
- Anchors
- Dowel Pins
By Application :
- Chemical Industry
  - Heat Exchangers
  - Exhaust Systems
  - Tanks and Vessels
  - Processing Equipment
- Petrochemical Industry
  - High Pressure Pumps Vessels
  - Pumping Stations
  - Metering Pumps
  - Others
- Transportation
  - Railways
    - Trains
    - Infrastructure
  - Marine
    - Decks
    - Tanks
    - Ramps
    - Bulkheads
    - Others
  - Automotive
- Power Generation Transmission
  - Renewable
    - Onshore
      - Electrical Equipment
      - Turbines
      - Motors
      - Exhaust Systems
      - Pumping Systems
      - Storage Vessels
    - Offshore
  - Non-renewable
- Construction
  - Precious Metal Mining
  - Industrial Metal Mining
- Mining
- Agriculture
- Aerospace Defense
- Others
By Sales Channel :
- Online
  - Direct to Customer
  - Third-Party Online
- Offline
  - Authorized Distributors
  - Garages Workshops
  - Specialty Stores
- By Region :
  - North America
  - Latin America
  - Europe
  - East Asia
  - South Asia Oceania
  - Middle East Africa