Press release
Industrial Fasteners Industry Growth, Size Estimation and Source Analysis 2023 || Lakshmi Precision Screws Limited, Sundram Fasteners Limited, KOVA Fasteners Private Limited, and Precision Castparts Corporation Fasteners
Industrial Fastener
The market is expected to reach a value of INR 7,706 Bn by 2023, expanding at a CAGR of ~6.5% from 2018. 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.
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Major players that are operating in the Indian industrial fasteners market :
o Lakshmi Precision Screws Limited, Sundram Fasteners Limited, KOVA Fasteners Private Limited, and Precision Castparts Corporation Fasteners
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.
Threats
o Spurious and low quality fastener affect longevity adversely, and may result in accidents with catastrophic consequences
o The price of steel in India is influenced by demand-supply forces and international prices. The increasing prices of raw materials like these, which are used in the manufacture of industrial fasteners, reduce profitability.
What's covered in the report?
1. Overview of the global industrial fasteners market
2. Historical, current and forecasted market size data for the global industrial fasteners market (2017 to 2023)
3. Qualitative analysis of the global industrial fasteners market and its segments [by application - construction, engineering (including machinery used in manufacturing activities), automotive and others (including oil refinery, chemicals, MRO activities), region-wise manufacturing split - Asia-Pacific, Europe, North America, and other regions (includes Africa and Latin America)]
4. Qualitative analysis of the major drivers and challenges affecting the global industrial fasteners market
5. Overview of the Indian industrial fasteners market
6. Historical, current and forecasted market size data for the Indian industrial fasteners market (2017 to 2023)
7. Qualitative analysis of the India industrial fasteners market and its segments [by application - construction, engineering, automotive and others (including chemical, oil refinery, solar industry, and textile machinery) by product-type (High Tensile Fasteners and Mild Steel Fasteners)]
8. Overview of steel bolt, high tensile nut and manufacturing process
9. Trade analysis of Indian industrial fasteners market
10. Major industrial fasteners manufacturing clusters overview
11. Qualitative analysis of the major drivers and challenges affecting the market
12. Analysis of the competitive landscape and profiles of major players operating in the market
Why buy?
1. Get a broad understanding of the global and Indian industrial fasteners market, the dynamics of the market and its current state
2. Strategize marketing, market-entry, market expansion and other business plans by understanding the factors driving growth in the market
3. Be informed regarding the key developments in the industrial fasteners market in India
4. Understand major competitors' business strategies and market dynamics, and respond accordingly to benefit from the market
Customizations Available
With the given market data, Netscribes offers customizations according to specific needs.
Table of Contents
1 Industrial Fasteners Market Overview
2 Manufacturers Profiles
3 Global Industrial Fasteners Market Competition, by Players
3.1 Global Industrial Fasteners Revenue and Share by Players (2013-2017)
3.2 Market Concentration Rate
3.2.1 Top 5 Industrial Fasteners Players Market Share
3.2.2 Top 10 Industrial Fasteners Players Market Share
3.3 Market Competition Trend
4 Global Industrial Fasteners Market Size by Regions
5 North America Industrial Fasteners Revenue by Countries
6 Europe Industrial Fasteners Revenue by Countries
7 Asia-Pacific Industrial Fasteners Revenue by Countries
8 South America Industrial Fasteners Revenue by Countries
9 Middle East and Africa Revenue Industrial Fasteners by Countries
10 Global Industrial Fasteners Market Segment by Type
11 Global Industrial Fasteners Market Segment by Application
12 Global Industrial Fasteners Market Size Forecast (2017-2023)
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Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends. Worldwide Market Research’s well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future.
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