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Stamping Fasteners Market Enhancement and Growth Rate Analysis 2026
Stamping Fasteners Market
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Market Dynamics:
Less time taken by stamping process as compared to other methods to prepare joints such as clinching is major driver for stamping fastener’s market growth. According to report of Industrial Fasteners Institute (2016), global fastener demand was US$ 69.6 billion in 2015, and is expected to witness growth rate of 2.4% over the forecast period. This in turn is expected to drive growth of the stamping fasteners market, as precision stamping is a fast and cost-effective solution for manufacturing large quantities of products.
Market Outlook:
Asia Pacific region is expected to account for the highest market share in global stamping fasteners market due to growing construction and automotive sectors in emerging economies such as India. According to India Brand Equity Foundation (IBEF) report (September 2018), Indian construction equipment market is projected to reach US$ 7 billion by 2020 from US$ 4.2 billion in 2017, whereas turnover of Indian auto components industry grew 18.3% to reach US$ 51.2 billion in 2017-18 from US$ 43.5 billion in 2016-17. Growth of such end-use industries is expected to boost the stamping fasteners market growth.
Key players:
Key players operating in the global stamping fasteners market include P&R Fasteners, Scovill Fasteners, Kapco, Franklin Fastener, ARO Metal Stamping, Acro Metal Stamping, Trans-Matic, Diehl, Tornillería DEBA Fasteners, and Koninklijke Nedschroef Holding B.V.
Market Taxonomy:
On the basis of material, global stamping fasteners market is segmented into:
• Stainless steel
• Alloy steel
• Brass
• Aluminum
• Copper
On the basis of product type, global stamping fasteners market is segmented into:
• Nuts
• Tapping Plates
• U-Clips
• Bolts
• Custom Stamped Components
On the basis of end-use industries, global stamping fasteners market is segmented into:
• Automotive
• Electrical
• Electronics
• Medical
• Construction
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