Hex Bolt Market: Global Industry Analysis and Forecast (2022-2027) by Type, Material, Application, and Region

Hex Bolt Market size was valued at US$ 17.03 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 2.9% through 2022 to 2027, reaching nearly US$ 20.22 Bn.

Hex Bolt Market Overview:

Hex Bolt Market is expected to reach at US$ 20.22 Bn. by 2027. Bolts having a six-sided hexagon head and an externally threaded body are known as hex bolts. The hexagonal head design allows for easy wrenching while still applying sufficient torque to the bolting joint. With hex nuts or a tapped hole, hex bolts are utilised. Other names for Hex bolts include hexagon head bolts and Hex machine bolts. Steel or stainless steel is commonly used to make hex bolts. Steel and stainless steel hex bolts are the norm, while some manufacturers provide hexagonal bolts made of other materials. Hex Bolt Market To know about the Research Methodology :- Request Free Sample Report Hex Bolt Market size was valued at US$ 17.03 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 2.9% through 2022 to 2027, reaching nearly US$ 20.22 Bn.

Hex Bolt Market Overview:

Hex Bolt Market is expected to reach at US$ 20.22 Bn. by 2027. Bolts having a six-sided hexagon head and an externally threaded body are known as hex bolts. The hexagonal head design allows for easy wrenching while still applying sufficient torque to the bolting joint. With hex nuts or a tapped hole, hex bolts are utilised. Other names for Hex bolts include hexagon head bolts and Hex machine bolts. Steel or stainless steel is commonly used to make hex bolts. Steel and stainless steel hex bolts are the norm, while some manufacturers provide hexagonal bolts made of other materials.

Hex Bolt Market Dynamics:

Hex Bolts are constructed of anti-corrosion stainless steel, alloy steel, and carbon steel components, which ensure that the structure does not rust and has a high tensile strength, which is a driving element in the global hex bolt market's growth. To avoid calamities, the automotive industry ensures that the head bolts used in vital places are held in tension that exceeds the fastener's maximum load and that the joints are kept as tight as possible. Hex bolts are designed to withstand weights of 65 to 90 percent of their yield strength, which is expected to drive the Global Hex Bolt Market. Automotive Industry is growing Due to the increased production of automobiles, the global automotive industry is expected to grow significantly during the forecast period. To cut down on fuel usage, automakers are continually designing new drivetrains and more fuel-efficient engines. They're also using emission-control technology to create cleaner vehicles. Furthermore, as a result of global initiatives such as the Paris Agreement, numerous countries around the globe are imposing higher emission standards on new vehicle model production. Automobile manufacturers are also diversifying their operations into the electric mobility industry; Germany is set to lead the pack, with electric vehicle manufacturing reaching 1.3 million units by 2021. Construction Industry Development According to the consensus estimate, the residential sector was increased by 8% in 2016, while non-residential was grew by 4% and the non-building sector was minimized by 2%. In addition, the renewable energy sector is expected to grow rapidly during the forecast period. Renewable energy was accounted for over 20% of the country's energy mix by 2020, according to several government efforts. Due to climate change concerns, the state and federal governments in the United States are taking proactive steps to integrate renewable energy sources, providing lucrative opportunities for the construction industry. Furthermore, according to the Global Construction Report 2030, India, China, and the United States are three significant countries that are expected to contribute up to 57 percent of global construction industry growth.

Hex Bolt Market Segment Analysis:

Based on the Material, the market is segmented into Stainless Steel Bolts, Carbon Steel Bolts, Alloy Steel Bolts, and Other. Carbon Steel Bolts segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2027. Carbon steel hex bolts are widely utilised due to qualities such as high hardness and toughness combined with low ductility. They have a high wear resistance, making them appropriate for usage in machinery and automobiles. Hex Bolt Market Based on the Application, the market is segmented into Automotive, Machinery, Construction, MRO, and Other. Automotive industries segment is expected to hold the largest market share of xx% by 2027. The Hex head bolt is without a doubt the most popular type of fastener used in the automotive sector, followed by the hex-headed cap screw and the stud. A stud is a cross between a bolt and a screw. Because of qualities such as high tensile strength, corrosion resistance, and high temperature resistance, hex head bolts are widely utilised in automotive applications. The use of high-quality bolts contributes to the vehicles' proper performance and eliminates the need for maintenance.

Hex Bolt Market Regional Insights:

Asia Pacific region is expected to dominate the Hex Bolt Market during the forecast period 2022-2027. Asia Pacific region is expected to hold the largest market share of xx% by 2027. The growing automobile industry in Asia Pacific developing and developed economies, such as India and China, has boosted the global hex bolt market's growth. To defend its automotive industry against international automakers, the Chinese government enacted policies and restrictions. In 2005, the Chinese government issued China Automotive Industry Policy (the Policy) to encourage carmakers to consolidate in order to improve their ability to compete with foreign competitors. The use of advanced devices and vehicles has increased as a result of rapid population growth and industrialization, contributing to the growth of the Hex Bolt Market. North America region is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2027. This is due to the growing demand for hex bolt in the automotive industry, Machinery, Construction, MRO, and other industries in the North America region. Also, the presence of top key players of hex bolt in the region is expected to boost the growth of the region in the market during the forecast period. Hex Bolt Market The objective of the report is to present a comprehensive analysis of the Global Hex Bolt Marketto the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Hex Bolt Market dynamic, structure by analyzing the market segments and project the Global Hex Bolt Marketsize. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Hex Bolt Market make the report investor’s guide.

Hex Bolt Market Scope: Inquiry Before Buying

Global Hex Bolt Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 17.03 Bn.
Forecast Period 2022 to 2027 CAGR: 2.9% Market Size in 2027: US $ 20.22 Bn.
Segments Covered: by Type • Hex Head Bolt • Flanged Hex Head Bolt • Vibration-resistant Hex Head Bolt • Sealing Hex Head Bolt • Others
by Material • Stainless Steel Bolts • Carbon Steel Bolts • Alloy Steel Bolts • Other
by Application • Automotive • Machinery • Construction • MRO • Other

Hex Bolt Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Hex Bolt Market Key Players

• Acument Global Technologies • MW Industries • Dokka Fasteners • Big Bolt Nut • LISI Group • Canco Fastener • Oglaend System • Infasco • IGC Fastners • Nucor Fastener • Vikrant Fasteners • Penn Engineering • XINXING FASTENERS • TR Fastenings • Portland Bolt • Shanghai Tianbao Fastener Manufacturing Frequently Asked Questions: 1] Which region is expected to hold the highest share in the Hex Bolt Market? Ans. Asia Pacific is expected to hold the highest share in the Hex Bolt Market. 2] Who are the top key players in the Hex Bolt Market? Ans. Acument Global Technologies, MW Industries, Dokka Fasteners, Big Bolt Nut, LISI Group, Canco Fastener, and Oglaend System are the top key players in the Hex Bolt Market. 3] Which segment holds the largest market share in the Hex Bolt market by 2027? Ans. Automotive industries segment hold the largest market share in the Hex Bolt Market by 2027. 4] What is the market size of the Hex Bolt market by 2027? Ans. The market size of the Hex Bolt Market is expected to reach US $20.22 Bn. by 2027. 5] What was the market size of the Hex Bolt market in 2021? Ans. The market size of the Hex Bolt Market was worth US $17.03 Bn. in 2021.
1. Global Hex Bolt Market: Research Methodology 2. Global Hex Bolt Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Hex Bolt Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Hex Bolt Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Hex Bolt Market Segmentation 4.1 Global Hex Bolt Market, by Type(2022-2027) • Hex Head Bolt • Flanged Hex Head Bolt • Vibration-resistant Hex Head Bolt • Sealing Hex Head Bolt • Others 4.2 Global Hex Bolt Market, by Material(2022-2027) • Stainless Steel Bolts • Carbon Steel Bolts • Alloy Steel Bolts • Other 4.3 Global Hex Bolt Market, by Application (2022-2027) • Automotive • Machinery • Construction • MRO • Other 5. North America Hex Bolt Market (2022-2027) 5.1 North AmericaHex Bolt Market, by Type(2022-2027) • Hex Head Bolt • Flanged Hex Head Bolt • Vibration-resistant Hex Head Bolt • Sealing Hex Head Bolt • Others 5.2 North America Hex Bolt Market, by Material(2022-2027) • Stainless Steel Bolts • Carbon Steel Bolts • Alloy Steel Bolts • Other 5.3 North America Hex Bolt Market, by Application(2022-2027) • Automotive • Machinery • Construction • MRO • Other 5.4 North America Hex Bolt Market, by Country (2022-2027) • United States • Canada • Mexico 6. Europe Hex Bolt Market (2022-2027) 6.1. EuropeHex Bolt Market, by Type(2022-2027) 6.2. EuropeHex Bolt Market, by Material(2022-2027) 6.3. EuropeHex Bolt Market, by Application(2022-2027) 6.4. EuropeHex Bolt Market, by Country (2022-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Hex Bolt Market (2022-2027) 7.1. Asia Pacific Hex Bolt Market, by Type(2022-2027) 7.2. Asia Pacific Hex Bolt Market, by Material(2022-2027) 7.3. Asia Pacific Hex Bolt Market, by Application(2022-2027) 7.4. Asia Pacific Hex Bolt Market, by Country (2022-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. South AmericaHex Bolt Market (2022-2027) 8.1. South AmericaHex Bolt Market, by Type(2022-2027) 8.2. South AmericaHex Bolt Market, by Material(2022-2027) 8.3. South AmericaHex Bolt Market, by Application(2022-2027) 8.4. South AmericaHex Bolt Market, by Country (2022-2027) • Brazil • Argentina • Rest Of South America 9. Middle East and Africa Hex Bolt Market (2022-2027) 9.1 Middle East and Africa Hex Bolt Market, by Type(2022-2027) 9.2. Middle East and Africa Hex Bolt Market, by Material(2022-2027) 9.3. Middle East and Africa Hex Bolt Market, by Application(2022-2027) 9.4. Middle East and Africa Hex Bolt Market, by Country (2022-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 10. Company Profile: Key players 10.1. Acument Global Technologies 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. MW Industries 10.3. Dokka Fasteners 10.4. Big Bolt Nut 10.5. LISI Group 10.6. Canco Fastener 10.7. Oglaend System 10.8. Infasco 10.9. IGC Fastners 10.10. Nucor Fastener 10.11. Vikrant Fasteners 10.12. Penn Engineering 10.13. XINXING FASTENERS 10.14. TR Fastenings 10.15. Portland Bolt 10.16. Shanghai Tianbao Fastener Manufacturing

About This Report

Report ID 85098
Category Automation & Process Control
Published Date March 2021
Updated Date Mar 2022
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