Industrial Fasteners Market, By Raw Material (Metal and Plastic), By Product (Externally Threaded, Internally Threaded , Non Threaded , and Aerospace Grade), By Application (Automotive, Aerospace, Building & Construction, Industrial Machinery, Home Appliances, Lawn & Garden, and Motors & Pumps), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jul 2024

Code : CMI5206

Pages :179

Formats :

Excel and PDF

Industry : Advanced Materials

Market Concentration and Competitive Landscape

Industrial Fasteners Market Concentration By Players

Close-monitor your Competitor's Move, Request sample copy

Strengthening of automotive and transportation industries

One of the largest end-use industries for fasteners globally is the automotive sector. Right from basic screws and nuts to more specialized clips, retainers, and precision engineered fasteners - the modern automobile contains thousands of small parts joined together by various types of fasteners. With automobile manufacturers aiming to cut down vehicle weight and maximize efficiency, the use of advanced fastener technologies is growing. At the same time, the rising sales of vehicles across major economies has fueled the demand for auto components including fasteners.

Additionally, the transportation equipment industry including aircraft, ships, rail coaches and other modes of conveyance is also hugely dependent on fasteners. Whether for assembling airplane frames, ship hulls or rail bogies - high-strength fasteners with corrosion resistance play a pivotal joining and structural reinforcement role. Both the commercial aviation as well as maritime shipping businesses have experienced steady growth over the years. Several countries are heavily investing in new public transport systems as well like high-speed bullet trains, metros, and light-rail networks which require massive quantities of fasteners.

Key Players Insights