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.
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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.
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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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