Industrial Fasteners Market To Be Worth $134.20 Billion By 2025 | Key Industry Players DELTA PT, FLOWpoint
San
Francisco, 4 October 2018 - The global industrial fasteners market is expected to reach
USD 134.20 billion by 2025, according to a new report conducted by Grand View
Research, Inc. The growing demand for automobiles, electronics appliances,
aircraft, industrial machinery, and medical equipment will drive product demand
over the upcoming years. Furthermore, increasing government spending on
infrastructure and machinery sector is expected to aid in the market expansion.
The usage of industrial fasteners in maintenance,
repair, and overhaul (MRO) industry will foresee substantial revenue growth at
a CAGR of 5.3% from 2016 to 2025. Rising MRO activities in various sectors
including automotive, aerospace, electronics, construction, and electrical will
increase market size. The growing requirement for enhanced efficiency from
machines is anticipated to fuel the need for MRO activities, which in turn is
expected to spur the industrial fastener demand over the upcoming years.
Full
Research Report On Global Industrial Fasteners Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/industrial-fasteners-market
www.grandviewresearch.com/industry-analysis/industrial-fasteners-market
Further
key findings from the study suggest:
- The industrial fasteners industry is projected
to grow significantly at a CAGR of 5.7% on account of their increasing
application in automotive and construction industries in emerging
countries such as China, India, South Korea, Brazil, Thailand and Saudi
Arabia
- North America accounted for 20.9% of the global
revenue share in 2015 and is projected to show growth on account of rising
usage of the product in the aerospace and automotive sectors over the
upcoming years. Moreover, the presence of the large automotive manufacturers,
such as Chrysler, Dodge, Jeep, Ford, Chevrolet, Buick, Cadillac, and
Lincoln, will drive demand over the forecast period.
- Other standard fasteners are expected to
witness considerable revenue growth at a CAGR of 5.4% from 2016 to 2025
owing to increasing usage in various applications including medical
equipment, electronics, industrial controls, furniture, and appliances
- Machinery OEM application is anticipated to
show substantial growth over the upcoming years in light of increasing
fastener usage in textile machinery, rubber, sugar machinery,
metallurgical equipment, cement machinery, and dairy machinery. The market
is estimated to be worth USD 24.69 billion by 2025
- The industry is highly fragmented and
competitive in nature with small and large scale manufacturers in the
U.S., China, Japan, Germany, and India. Dominant players include Nifco,
ITW, LISI Group, Alcoa and Precision Castparts Corporation.
- In October 2016, ATF went into licensing
agreements with EJOT for FDS, DELTA PT, FLOWpoint, and SHEETtracs. This
deal is expected to help the company in providing high-performance
light-weighting solutions.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the global industrial fasteners market
on the basis of product, application and region:
Product
Outlook (Revenue, USD Million; 2014-2025)
- Externally
threaded
- Aerospace
grade
- Other
standard fasteners
Application
Outlook (Revenue, USD Million; 2014-2025)
- Automotive
OEM
- Machinery
OEM
- Other
OEM
- MRO
- Construction
Regional
Outlook (Revenue, USD Million; 2014-2025)
- North
America
- U.S.
- Europe
- Germany
- Asia
Pacific
- China
- India
- Thailand
- Japan
- South
Korea
- Central
& South America
- Brazil
- MEA
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-industrial-fasteners-market
www.grandviewresearch.com/press-release/global-industrial-fasteners-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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