Press release
Global Earthmoving Fasteners Market Expected to Witness a Sustainable Growth over 2023
An earth moving fastener is a hardware device that mechanically joins or affixes two or more objects in earth moving machine together.
The global earth moving fasteners market accounted for 108.46 K MT in 2016, and is anticipated to reach 159.16 K MT by 2022.
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Global Earthmoving Fasteners Market: Forecast by Type / Application / Region
China is the dominant consumption country of earth moving fasteners, the sales of earth moving fasteners is 34.20 K MT in 2016, according about 31.53% of the total amount.. Asia-Pacific is the second largest sales area, with the market share of 22.68% in 2016. Even though a huge space for growth in the Asia market exists, the quality and technology should further improve.
Leading players in earth moving fasteners industry are Vescovini (sbe) ,Gem-year, Shandong Gaoqiang and Standard Parts. Vescovini is the largest manufacturer, occupies about 6.81% revenue share of the market.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area. There will have more investment enter this field. In the next five years, the consumption volume will keep slow increasing, as well as the consumption value.
Over the next five years, LPI(LP Information) projects that Earthmoving Fasteners will register a 4.7% CAGR in terms of revenue, reach US$ 370 million by 2023, from US$ 290 million in 2017.
Global Earthmoving Fasteners Market: Key Players
Vescovini (sbe)
Gem-year
Shandong Gaoqiang
Standard Parts
Shanghai Prime
AJAX
Donhad
Infasco
Nord-Lock Group
Sanko
ATC
Dongah
BYG
National Bolt & Nut
MPS
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Related Information:
United States Earthmoving Fasteners Market Research Report 2018
Europe Earthmoving Fasteners Market Research Report 2018
North America Earthmoving Fasteners Market Research Report 2018
Asia-Pacific Earthmoving Fasteners Market Research Report 2018
China Earthmoving Fasteners Market Research Report 2018
EMEA Earthmoving Fasteners Market Research Report 2018
Global Earthmoving Fasteners Market Research Report 2018
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