STAMPING FASTENERS MARKET ANALYSIS

Stamping Fasteners Market – by Material (Stainless steel, Alloy Steel, Brass, Aluminum, and Copper), by Product Type (Nuts, Tapping plates, U-clips, Bolts, and Custom Stamped components), by End-use Industries (Automotive, Electrical, Electronics, Medical, and Construction), By Region (North America, South America, Europe, Asia Pacific, and Middle East & Africa) – Size, Share, Outlook, and Opportunity Analysis, 2022-2028

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.