New Study: Indian Industrial Fasteners Market 2021 Size, Growth Analysis Report, Forecast to 2027

The Indian industrial fasteners market is estimated to exhibit a steady CAGR of 6.0% during the forecast period (2021-2027). India and China hosted 36% of the world’s population in 2020, representing consumers with rapidly rising disposable incomes coupled with an attractive demographic dividend and constructive regulatory regimes. This makes these markets most attractive for varied end-user products ranging from automobiles, aircraft, watches, electronic appliances, and healthcare equipment. An increase in India’s dominance of manufacturing presence over the next decade is inevitable.

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The automobile sector is also adding to new demand for fasteners as the country is witnessing a rise in production and sales of new cars and components that are manufactured in the country. India's car industry is witnessing major demand in recent years, more so after the few months of the COVID-19 pandemic. The nation has a large middle-class community that can buy vehicles. The nation also has a stable aftersales market in addition to OEMs. India is on a steadily upward track, alongside its aerospace and vehicle manufacturing sectors. Thus, the fasteners market in India looks promising for vendors. As the market potential for innovative manufacturing is rapidly growing in recent years, India is likely to provide vast opportunities for both global and local vendors during the forecast period.

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India Industrial Fasteners Market Report Segment
By Product Type
• Threaded
• Non-threaded
• Specialty

By Material
• Metal
• Non-metal

By End-user
• Automotive
• Aerospace
• Construction
• Consumer Appliance and Furniture
• Industrial and Consumer Machinery

Company Profiles
• APL
• ARaymond
• Bagla Group
• Caparo Group
• Deepak Fasteners Limited
• EJOT
• Hilti Corporation
• KAMAX AUTOMOTIVE INDIA PRIVATE LIMITED
• KOVA Fasteners Pvt Ltd
• NIFCO INC.
• Nylok
• Wilhelm Böllhoff GmbH & Co. KG

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