The Global Industrial Fasteners Market was valued at $83.54 Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $142.7 Billion.
Industrial Fasteners is a hardware component which is used for affixing joints with two or more objects together permanently. These are specially designed to withstand the stress of high temperature, corrosive,& high wear environment such as motors, process equipment, heat exchanger, &engines. Fasteners are used in a lot of application required dismantling & modification frequently. these are used in a lot of application for their properties like weight constraints, easy installation, accessibility, & reusability. Industrial fasteners are universal components, hardware devices that are used for non-permanent joining of two or more objects together.
“Optimal Price Point (OPP) for Industrial Fasteners”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in theU.S.Industrial Fasteners materialsare available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Industrial Fasteners Market by “Key Product Categories”
We have segmented the Industrial Fastenersbased on Key Product categories as Externally Threaded, Aerospace Grade, Other standard fasteners.
We have observed the significant growth of industrial fasteners by externally threaded products which dominate the market. Threaded fasteners are uniform ridges of varying height & width that wrap around a cylindrical object. This can be either wide set & deep which are considered coarse thread while a narrower helical shape with shallow ridges is to be considered to be a fine thread which boosts the market growth of industrial fasteners during the forecast period.
Industrial Fasteners Market by “Application”
We have segmented the Industrial Fasteners market based on Application are Construction, MRO, Machinery OEM, Other OEM,Automotive OEM.
We have observed the significant growth of industrial fasteners by construction application which dominates the market. In construction, the three types of fasteners are used are alloy steel, carbon steel & stainless steel. The anchor is a specific type of fasteners used to attach material to concrete. Studs act as a threaded rod onto which nuts can be attached. many fasteners are manufactured using carbon steel, aluminum, brass, silicon bronze because it offers great workability along with affordability & strength which boost the market of industrial fasteners over the forecast period.
Asia Pacific accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Industrial Fasteners market followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2017, Asia Pacific held the largest share for Industrial Fasteners market due to the demand for the application in Construction, MRO, Machinery OEM, Other OEM, Automotive OEM. North America is expected to have the highest growth U.S. & this would be followed by Europe.
Rising demands for Automotive machinery&rising the demand of construction with the increasing populations generates a demand for Industrial Fasteners. We are observing that industrial fasteners are a good option as it can create a good impact on the industrial sectors.
“Competitive Landscape”and“Merger & Acquisition Insights”
The key market participants include Dokka Fasteners,LISI Group, Standard Fasteners Ltd, Kova Fasteners Pvt. Ltd, Alcoa, ITW, Nifco, Precision Castparts Corp are few major players in Industrial Fastenersmarkets. TheIndustrial Fasteners market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Industrial Fasteners Market by Keyproduct Categories (Revenue, Million, 2014 – 2025)
- Externally Threaded
- Aerospace Grade
- Other standard fasteners.
Industrial Fasteners Market byApplication (Revenue, Million, 2014 – 2025)
- Machinery OEM,
- Other OEM
- Automotive OEM.
Industrial Fasteners Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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