Industrial Fasteners Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Raw Material, Product, Application, and Region

Industrial Fasteners Market was valued at US$ 82.40 Bn. in 2020. Global Industrial Fasteners Market size is estimated to grow at a CAGR of 3.50 %.

Industrial Fasteners Market Overview:

A fastener is a hardware product, which joins two or more objects mechanically. Industrial fasteners are used to joint non-permanent joints, which can be removed or dismantled without damaging. The quality fastening products are used in construction, automotive, and aerospace industries. High investment expenditure in industrial sector and demand for machinery, motor vehicle and durable goods production are boosting the production of the industrial fastener. The COVID-19 pandemic has adversely affected the business, financial condition of the key operating players in the fasteners market. Disruptions to the global economy have put pressure on key players to revamp processes and reconsider operations. In the current market scenario, key players are focusing on to implement numerous actions in order to focus on the requirement of the customers. They are also implementing strategy to maintain cost management and investment in the recovery phase. Industrial Fasteners Market To know about the Research Methodology:- Request Free Sample Report The report has covered the market trends in the Industrial Fasteners Market from 2018 to forecast the market through 2027. In the report, 2020 is considered as a base year however 2020’s numbers are on the real output of the companies in the market. The report has also analyzed with the effect of lockdown on the demand and supply, and the impact of lockdown for the next two years on the market.

Industrial Fasteners Market Dynamics:

Growing mechanization and industrialization, demand for numerous machinery and equipment is expected to boost the growth in the global industrial fasteners market. Miniaturization is creating a new path for Industrial Fasteners Now-a-days, products are becoming increasingly smaller and drive in more functionality. Miniaturization of one phase of a product, which is usually, reveals limitations and obstacles in the overall design and manufacturing process. An increase in the demand for compact products in the end-user industries like consumer electronics, healthcare, and automotive are expected to offer key opportunities. Slowdown in Industrial Production- decline the demand for fastener The automotive industry growth is slowing and the shift brings massive economic threats in 2020. The downturn in the global car manufacturing production is a key force behind the slump in the global manufacturing and car sales. The market growth can be affected by factors like slower economic growth, disruptions in financial markets, economic downturns in the form of either contained or widespread recessionary conditions, inflation, elevated unemployment levels, sluggish or uneven recovery in the United States and other countries. Manufacturing key players are influencing by external factors in the global market place that can be complicate the supply chain and costs, which is expected to limit the production

Industrial Fasteners Market Segment Analysis:

Based on the Raw Material, Industrial Fasteners Market is segmented into plastic and metal. The metal segment is expected to account large revenue share, thanks to demand for metal fasteners because of its high tensile strength and enhanced lifespan. The durability of the metal products is expected to drive the demand for metal fasteners in industrial applications. Industrial Fasteners Market 1 Based on the Application, the automotive application segment held the dominant position in 2020 and expected to hold leading position during the forecast period. The segment has accounted more than 33% in 2020. Production of commercial and passenger vehicles, and demand for electrical vehicles are expected to boost the demand for fasteners in the near future. India is expected to be the largest automotive market in terms of volume by 2027. The industry currently manufactures more than 30 Mn vehicles, in which more than 8% are exported. India holds a strong position in the heavy vehicles market.

Industrial Fasteners Market Regional Insights:

Despite the challenges at the domestic level with a transforming global landscape, the Asia Pacific region is still the largest in the world. The region represents about more than 45% of total global output. Manufacturing sector is emerging as one of the high growth sectors. The region is an attractive hub for foreign investments in the manufacturing sector, which drives the demand for fasteners. Many key players from different sector are focusing on the shifting their production unit to the Asia Pacific due to the availability of the cheap labor and drastically increasing economic growth rate and manufacturing industries In India, with the expenditure on developing industrial corridors and smart cities, the government has set goal to ensure holistic development of the nation. It is expected to assist in integrating, monitoring and developing a conducive environment for the industrial development and will promote the demand for fasteners in manufacturing. The Indian auto-components industry has experienced exponential growth. A stable government framework, high purchasing power, large domestic market, and development in infrastructure are some of the driving factors behind the market growth. U.S. Fastener Industry, the screws, bolts, nuts, and rivets are part of the foundation of the U.S. industrial sector. The U.S. fastener industry institutes a Million-dollar segment of the economy. The country has a number of varied companies around the main purchasers of fastener products, like the automotive, aerospace, and military sectors.

Industrial Fasteners Market Strategic Insights:

Current market directives are reshaping the requirements of fastening technologies. Key Companies need to step up and participate in the design of innovative technologies for their growth in a transforming industry. Key players have to be concentrated on the production of innovative products, which provide functional permanence. They also want to concentrate on the miniaturization of the fasteners, which hold the equipment pieces together. Key companies need to consider new fastening technologies, which will improve their customer’s operations. Unconventional fastener materials are also playing a new role by offering benefits with all-metal fasteners. With these trends, key players operating in the industrial fasteners are expected to shape the future of the fastener industry. The manufacturers, distributors and end users need to ensure they understand the modern capabilities and market shifts on the prospect. The objective of the report is to present a comprehensive analysis of the global Industrial Fasteners Market to 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 have 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 Industrial Fasteners Market dynamic, structure by analyzing the market segments and projecting the Industrial Fasteners Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Industrial Fasteners Market make the report investor’s guide.

Industrial Fasteners Market Scope: Inquire before buying

Industrial Fasteners Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 82.40 Bn.
Forecast Period 2021 to 2027 CAGR: 3.50 % Market Size in 2027: US $ 105.30 Bn.
Segments Covered: by Raw Material • Plastic • Metal
by Product • Externally Threaded • Internally Threaded • Non-Threaded • Aerospace Grade
by Application • Automotive • Aerospace • Building & Construction • Industrial Machinery • Home Appliances • Lawn and Garden • Motors and Pumps • Furniture • Plumbing Products • Others

Industrial Fasteners Market, by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Industrial Fasteners Market Key Players

• Penn Engineering & Manufacturing Corporation • KOVA Fasteners Pvt. Ltd. • Acument Global Technologies Inc. • Arconic Inc. • Standard Fasteners Ltd. • Decker Industries Corporation • Brunner Manufacturing Co., Inc. • Eastwood Manufacturing • Stanley Black & Decker Inc. • MW Industries Inc. • Illinois Tool Works • Bulten AB • MacLean-Fogg Company • MISUMI Group Inc. • Nifco Inc. • Fortana Group • Hilti Corporation • LISI Group • Precision Castparts Corp. • The SFS Group • A&G Fasteners • SA Fasteners.

Frequently Asked Questions:

1] What segments are covered in the Industrial Fasteners Market report? Ans. The segments covered in the Industrial Fasteners Market report are based on raw material, product, and Application. 2] Which region is expected to hold the highest share in the Industrial Fasteners Market? Ans. The Asia Pacific region is expected to hold the highest share in the Industrial Fasteners Market. 3] What was the market size of the Industrial Fasteners Market by 2020? Ans. The market size of the Industrial Fasteners Market by 2027 is US$ 82.40Bn. 4] What is the forecast period for the Industrial Fasteners Market? Ans. The forecast period for the Industrial Fasteners Market is 2020-2027. 5] Which application segment accounted for the industrial fastener market share? Ans. The Automotive application segment has accounted more than 30% share.
1. Global Industrial Fasteners Market Size: Research Methodology 2. Global Industrial Fasteners Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Industrial Fasteners Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Industrial Fasteners Market Size: 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 • Latin America 3.12. COVID-19 Impact 4. Global Industrial Fasteners Market Size Segmentation 4.1. Global Industrial Fasteners Market Size, by Raw Material (2020-2027) • Plastic • Metal 4.2. Global Industrial Fasteners Market Size, by Product (2020-2027) • Externally Threaded • Internally Threaded • Non-Threaded • Aerospace Grade 4.3. Global Industrial Fasteners Market Size, by Application (2020-2027) • Automotive • Aerospace • Building & Construction • Industrial Machinery • Home Appliances • Lawn and Garden • Motors and Pumps • Furniture • Plumbing Products • Others 5. North America Industrial Fasteners Market (2020-2027) 5.1. North America Industrial Fasteners Market Size, by Raw Material (2020-2027) 5.1.1. Plastic 5.1.2. Metal 5.2. North America Industrial Fasteners Market Size, by Product (2020-2027) • Externally Threaded • Internally Threaded • Non-Threaded • Aerospace Grade 5.3. North America Industrial Fasteners Market Size, by Application (2020-2027) • Automotive • Aerospace • Building & Construction • Industrial Machinery • Home Appliances • Lawn and Garden • Motors and Pumps • Furniture • Plumbing Products • Others 5.4. North America Industrial Fasteners Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Industrial Fasteners Market (2020-2027) 6.1. European Industrial Fasteners Market, by Raw Material (2020-2027) 6.2. European Industrial Fasteners Market, by Product (2020-2027) 6.3. European Industrial Fasteners Market, by Application (2020-2027) 6.4. European Industrial Fasteners Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Industrial Fasteners Market (2020-2027) 7.1. Asia Pacific Industrial Fasteners Market, by Raw Material (2020-2027) 7.2. Asia Pacific Industrial Fasteners Market, by Product (2020-2027) 7.3. Asia Pacific Industrial Fasteners Market, by Application (2020-2027) 7.4. Asia Pacific Industrial Fasteners Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Industrial Fasteners Market (2020-2027) 8.1. The Middle East and Africa Industrial Fasteners Market, by Raw Material (2020-2027) 8.2. The Middle East and Africa Industrial Fasteners Market, by Product (2020-2027) 8.3. The Middle East and Africa Industrial Fasteners Market, by Application (2020-2027) 8.4. The Middle East and Africa Industrial Fasteners Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Industrial Fasteners Market (2020-2027) 9.1. Latin America Industrial Fasteners Market, by Raw Material (2020-2027) 9.2. Latin America Industrial Fasteners Market, by Product (2020-2027) 9.3. Latin America Industrial Fasteners Market, by Application (2020-2027) 9.4. Latin America Industrial Fasteners Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Penn Engineering & Manufacturing Corporation 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. KOVA Fasteners Pvt. Ltd. 10.3. Acument Global Technologies Inc. 10.4. Arconic Inc. 10.5. Standard Fasteners Ltd. 10.6. Decker Industries Corporation 10.7. Brunner Manufacturing Co., Inc. 10.8. Eastwood Manufacturing 10.9. Stanley Black & Decker Inc. 10.10. MW Industries Inc. 10.11. Illinois Tool Works 10.12. Bulten AB 10.13. MacLean-Fogg Company 10.14. MISUMI Group Inc. 10.15. Nifco Inc. 10.16. Fortana Group 10.17. Hilti Corporation 10.18. LISI Group 10.19. Precision Castparts Corp. 10.20. The SFS Group 10.21. A&G Fasteners 10.22. SA Fasteners.

About This Report

Report ID 29316
Category Material & Chemical
Published Date April 2019
Updated Date Dec 2021
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