Industrial Fasteners Market analysis report by global industry trends and CAGR value by top key players forecast to 2023

BusinessIndustryReports have new report on “Global Industrial Fasteners Market 2019-2023”. The report provides the newest industry data and industry future trends. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

This Report covers the Major Players data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors’ better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size. 

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Fasteners are generally used to join the different parts of items by using nuts and bolts, washers, screws, clips, clamps and other products. The global industrial fasteners industry is considered to be highly fragmented and is competitive in nature, with small and large scale manufacturing companies operating in the United States, China, Japan, Germany, and India.

The global market is expected to reach a value of INR 7,706 Bn by 2023, expanding at a CAGR of ~6.5% from 2019. Rising demand for fasteners in the automotive industry, coupled with an increase in construction and manufacturing spending in emerging countries like China, Brazil, Saudi Arabia, Australia, Indonesia and India, is expected to drive the demand for industrial fasteners during the forecast period. 

Geographically, Asia-Pacific was the largest market for fasteners in 2017, accounting for a major share of the fasteners manufactured globally. The major reason for this growth can be attributed to the increasing number of construction activities and growing automobile manufacturing in countries like China and India. Europe is one of the largest markets for industrial fasteners apart from being the second largest industrial fasteners manufacturing region in the world. However, lack of product differentiation and elasticity of prices of raw materials such as alloys, stainless steel and copper are hindering the growth of the market.

Key growth factors:

o Increasing sale of automobiles in India is significantly driving the growth of the auto ancillary market in the country, including automobile sector-specific fasteners. Growing usage of fasteners for manufacturing automotive parts such as engines, chassis, moulding, suspension system and wheels among others, is expected to drive the growth of the Indian industrial fasteners market during the forecast period.

Purchase this report online with 80 Pages, List of Tables & Figures and in-depth Table of Contents on “Global Industrial Fasteners Market Outlook 2019-2023” @ https://www.businessindustryreports.com/buy-now/122824/single .

The report covers the Segments and sub-segments of the Global Industrial Fasteners Market by:

Regions:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

Key players:

1 Lakshmi Precision Screws Limited

2 Sundram Fasteners Limited

3 Sterling Tools Limited

4 ACME Fasteners Private Limited

5 A Raymond Fasteners India Private Limited

6 Kundan Industries Limited

7 KOVA Fasteners Private Limited and more......

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Table of Content:

1 Executive summary

2 Socio-economic indicators 

3 Introduction

4 Global industrial fasteners market

5 Global industrial fasteners market segmentation

6 Key growth drivers of the market

7 Key deterrents to the growth of the market and so on.....

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