A fastener is a hardware material that mechanically joins two or more objects together. A fastener could be a nut, bolt or clip type. Fasteners can be made by stamping metal sheet such as aluminum, steel or copper. Stamping is a process by which a metal sheet is pressed in order to make desired shape out of the metal sheet. A metal sheet undergoes various operations such as cutting, bending or forming, and drawing in a stamping process.

Market Dynamics:

Less time taken by stamping process as compared to other methods to prepare joints such as clinching is major driver for stamping fastener’s market growth. According to report of Industrial Fasteners Institute (2016), global fastener demand was US$ 69.6 billion in 2015, and is expected to witness growth rate of 2.4% over the forecast period. This in turn is expected to drive growth of the stamping fasteners market, as precision stamping is a fast and cost-effective solution for manufacturing large quantities of products.

Market Outlook:

Asia Pacific region is expected to account for the highest market share in global stamping fasteners market due to growing construction and automotive sectors in emerging economies such as India. According to India Brand Equity Foundation (IBEF) report (September 2018), Indian construction equipment market is projected to reach US$ 7 billion by 2020 from US$ 4.2 billion in 2017, whereas turnover of Indian auto components industry grew 18.3% to reach US$ 51.2 billion in 2017-18 from US$ 43.5 billion in 2016-17. Growth of such end-use industries is expected to boost the stamping fasteners market growth.

Key players:

Key players operating in the global stamping fasteners market include P&R Fasteners, Scovill Fasteners, Kapco, Franklin Fastener, ARO Metal Stamping, Acro Metal Stamping, Trans-Matic, Diehl, Tornillería DEBA Fasteners, and Koninklijke Nedschroef Holding B.V.

Market Taxonomy:

On the basis of material, global stamping fasteners market is segmented into:

Stainless steel
Alloy steel
Brass
Aluminum
Copper

On the basis of product type, global stamping fasteners market is segmented into:

Nuts
Tapping Plates
U-Clips
Bolts
Custom Stamped Components

On the basis of end-use industries, global stamping fasteners market is segmented into:

Automotive
Electrical
Electronics
Medical
Construction

On the basis of region, global stamping fasteners market is segmented into:

North America
- U.S.
- Canada
- Mexico
South America
- Brazil
- Argentina
- Rest of South America
Europe
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- ASEAN
- Australia
- Rest of Asia Pacific
Middle East & Africa

About Author

Ramprasad Bhute is a Senior Research Consultant with over 6 years of experience in market research and business consulting. He manages consulting and market research projects centered on go-to-market strategy, opportunity analysis, competitive landscape, and market size estimation and forecasting. He also advises clients on identifying and targeting absolute opportunities to penetrate untapped markets.