5 Issues to Know Concerning the Industrial Fasteners Market

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Bolt in concrete wallMechanical fasteners utilized in industrial purposes embody a variety of merchandise, from bolts and screws to washers and clamps. Fasteners will not be solely utilized in industrial equipment, but in addition development, motor autos, and aerospace gear.

1000’s of firms compete on this extremely fragmented international market, together with large names like Stanley Black & Decker and Berkshire Hathaway.

North America and Western Europe will proceed to account for giant shares of the worldwide industrial fastener market, however the huge Chinese language market can also be experiencing sturdy progress.

Industrial Fastener Business Statistics

Listed here are 5 key insights to know in regards to the $95 billion international industrial fasteners market, based mostly on analysis by The Freedonia Group:

  • Market outlook: The worldwide industrial fasteners market is projected to extend at a compound annual progress fee of 4.7%, reaching a price of $119 billion by 2027.
  • Value fluctuations: Value will increase for industrial fasteners are anticipated to ease as the availability of supplies stabilizes, however costs will stay elevated on account of elevated labor prices and different inflationary pressures.
  • Regional tendencies: China and Taiwan will proceed main international manufacturing of commercial fasteners regardless of commerce restrictions.
  • Materials sorts: In 2022, metal and stainless-steel have been the dominant supplies, accounting for 75% of the whole demand. Plastics made up 14%, whereas the remaining 11% was distributed amongst aluminum, copper-based, and different nonferrous metals.
  • Prime industrial fastener firms: In 2022, the 5 largest international suppliers of commercial fasteners have been ITW, Stanley Black & Decker, Berkshire Hathaway, Nifco, and LISI.

For extra info, please see the international industrial fasteners business research by The Freedonia Group, which incorporates professional information associated to fasteners market sizing, forecasts, regional tendencies, firm market share, and different helpful info to assist strategic decision-making.

Global Industrial Fasteners Market Infographic - 1


About The Freedonia Group

The Freedonia Group, a division of MarketResearch.com, is a premier worldwide enterprise analysis firm, offering purchasers with product analyses, market forecasts, business tendencies, and market share info. From one-person consulting companies to international conglomerates, our analysts present firms with unbiased, dependable business market analysis and evaluation to assist them make essential enterprise choices.



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