DUBLIN–(BUSINESS WIRE)–The “Industrial Fasteners Market – Global Outlook & Forecast 2020-2025” report has been added to ResearchAndMarkets.com’s offering.
The industrial fasteners market by revenue is expected to grow at a CAGR of close to 5% during the period 2019-2025.
The global industrial fasteners market is set to display impressive growth during the forecast period. Increased diversity of substrate materials driven by continuously evolving end-user expectations and the rise of industry 4.0 and IoT are the major factors influencing the growth of the market. Innovative manufacturing, which was once a stronghold of the US and a few European economies such as France, Italy, and Germany, has expanded in emerging economies, with next-generation large-scale manufacturing centers planned predominantly in the APAC region.
The same is likely to be significantly complemented by an overwhelming rise in the global automation expenditure. The demand for industrial fastening solutions is driven by tremendous manufacturing and construction growth in countries such as India and China, supported by favorable demographics, large indigenous consumption, and a supportive regulatory and investment environment. The establishment of semiconductor fabs and electronic assembly units in Japan, South Korea, Taiwan, and China, which involve the highest degree of innovations, is set to increase the demand for ingenious and specialty fasteners.
The global industrial fasteners market suffered a downfall during the COVID-19 crisis as most economic activities were halted during Q1 and Q2 2020. Major revenue-generating end-users of construction, automotive, machinery, and aerospace manufacturing activities were affected, leading to a decline in demand for new fasteners.
The study considers the present scenario of the industrial fasteners market and its market dynamics for the period 2019-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.
INSIGHTS BY VENDORS
The global industrial fasteners market is highly fragmented, with no major vendors taking up a significant share in the market – the leading eight players account for around 20% of the market share. The number of fastener manufacturers is also considerable in manufacturing countries. For instance, Japan has over 3,000 manufacturers with manufacturing fasteners worth USD 9 billion annually. The sale, however, was nearly half of the capacity at around USD 4.30 billion in 2019.
Vendors are mainly located near manufacturing centers to enable collaboration on the design and development of fasteners and other assembly products. A downturn in one of the end-market categories does likely not impact the overall market. The market is characterized by vendors that are application-specific, product-specific, or multiple-service vendors at any point in time.
Key Questions Answered:
- What is the expected market size of the global industrial fasteners market in 2025?
- What are the factors impacting the growth of the market?
- What are the drivers, trends, and restraints in the market?
- Who are the leading vendors and what are their market shares?
- What is the impact of the COVID-19 pandemic on the industrial fasteners market?
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study
4.4 Market Segments
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7.2 COVID Impact
8 Market Opportunities & Trends
8.1 Advancements In CNC, MILLING, AND CAD
8.2 Internationalization In Automobile Segment
8.3 3D Printing and Usage Of New Materials
9 Market Growth Enablers
9.1 Industry 4.0 And Smart Manufacturing
9.2 High Demand In APAC Manufacturing Sector
9.3 Growing Construction Industry Driving Structural Fasteners
9.4 New Airports And Growing Fleet Size
10 Market Restraints
10.1 End-User Variability And Micro Manufacturing
10.2 Global Political And Trade Relations Impact Manufacturing Industry
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
13 Fastner Type
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Threaded Fasteners
13.4 Non-Threaded Fasteners
13.5 Specialty Fasteners
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.7 Consumer Appliance & Furniture
15.1 Market Snapshot & Growth Engine
15.2 Geographic Overview
- Stanley Black & Decker
- Berkshire Hathaway
- Howmet Aerospace
- Fontana Gruppo
Other Prominent Vendors
- A&G Fasteners
- A.Agrati Group
- Aoyama Seisakusho
- B&B Specialties
- Wilhelm Bollhoff
- CBC Fasteners
- Deepak Fasteners
- Ever Hardware Industrial
- Federal Screw Works
- KAMAX Group
- KOVA Fasteners
- Penn Engineering and Manufacturing (TINICUM)
- THE (TONG HWEI ENTERPRISE)
- Wurth Group
- Virginia Fasteners
For more information about this report visit https://www.researchandmarkets.com/r/7lw5k8