Transparency Market Research
published new market report "Industrial Fasteners Market (Externally
Threaded, Aerospace Grade and Standard) for Automotive OEM, Machinery OEM, MRO
and Construction Applications - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2012 - 2018," the global demand for industrial fasteners was valued at USD 65.50
billion in 2011 and is expected to reach USD 94.65 billion in 2018, growing at
a CAGR of 5.4% from 2012 to 2018.
Browse the full report at http://www.transparencymarketresearch.com/industrial-fasteners-market.html
Fasteners form a
vital part of any structure as they help in joining two or more components
together. Economic development in countries such as China, Brazil and India has
led to a rise in disposable income of consumers which in turn has resulted in
growing demand for automobiles. This factor is expected to be one of the
primary reasons driving the growth of the market. In addition, rise in
construction and maintenance activities all across the world is expected to be
an important factor which will boost the demand for fasteners over the forecast
period. However, imposition of high anti-dumping duties by the European Union
is expected to hamper growth of the fasteners market. Development of fasteners
which are customized for niche application segments such as railways and solar
equipment is expected to open opportunities for the growth of the market within
the forecast period.
Externally
threaded industrial fastener was the largest product segment, accounting for
over USD 25 billion in 2011. This product segment is expected to show the
fastest growth in the near future on account of rapid industrialization and
rising demand for durable goods.
Other OEM
segments such as electronic and electrical, fabricated metal products and
aerospace equipments were the largest application segments of fasteners and
accounted for over 30% of the demand in 2011. However, demand for fasteners is
expected to be highest from construction on account of the rising construction
and maintenance activities worldwide. The construction application segment is
expected to grow at a CAGR of over 9% from 2012 to 2018. Automotive OEM sector
is expected to show above average growth within the forecast period.
Asia Pacific
accounted for the highest demand for industrial fasteners in 2012 and is
expected to account for over 45% of the market by 2018. The trend is expected
to continue over the next six years due to factors such as rapid
industrialization and favorable economic conditions, which is expected to boost
the demand for durable goods and other manufacturing and development
activities.
Key participants
in the industrial fasteners market include Alcoa Incorporated, Illinois Tool
Works Incorporated, LISI Group, NIFCO and Precision Castparts Corporation among
others. The report profiles the above mentioned companies along with a detailed
market share analysis.
The report gives
a comprehensive view of the industrial fasteners market in terms of revenue. In
addition, the report includes demand forecast for each product segment and
application in North America, Europe, Asia Pacific and Rest of the World. The
report comprises of the following segments:
Industrial Fasteners Market:
Product Segment Analysis,
- Externally threaded
- Aerospace grade
- Standard
Industrial Fasteners Market:
Application Analysis,
- Automotive OEM
- Machinery OEM
- MRO
- Construction
- Other OEM
The report
provides a cross-sectional analysis of all the above product segment and
application segments with respect to the following regions:
- North America
- Western Europe
- Asia Pacific
- Rest of the World
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