Press release
New Study: North American industrial fasteners Market 2021 Size, Growth Analysis Report, Forecast to 2027
North American industrial fasteners is estimated to display a steady CAGR of 4.2% during the forecast period (2021-2027). The demand for industrial fasteners in the residential sector is expected to witness higher growth in North America, especially in the US where more than 75% of the demand is expected to arise. In addition, the region has one of the toughest laws pertaining to innovations in manufacturing and industrial production. Thus, regulations in this region often form the basis for most product development efforts. Moreover, strict regulations regarding energy efficiency have been boosting the development of manufacturing technologies in North America. This, in turn, presents many growth opportunities for vendors in the region. The demand for fasteners market in the region is driven by the massive size of end-user industries such as automotive, aerospace, defense, marine, and healthcare.To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/north-american-industrial-fasteners-market
Further, the automobile sector in the North American region is likely to witness major investments during the forecast period, which is likely to promote improvements as well. For instance, FCA US, Ford, and General Motors made more than $34.50 billion in investments. Their reported spending in US plants is approximately five times more than all Japanese and Korean automakers combined. Expenditures by North American automakers were four times higher than the total expenditures of the four major European automakers operating in the US (BMW, Daimler, Volvo, and VW), which have spent just $9 billion over the last five years. These expansions in the automotive sector will stimulate the demand for industrial fasteners in the region.
Browse for Full Report Description@ https://www.omrglobal.com/report-customization/north-american-industrial-fasteners-market
North American 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
North American industrial fasteners Market Report Segment
• US
• Canada
Company Profiles
• Berkshire Hathaway Inc.
• B&B Specialties, Inc.
• EJOT
• Federal Screw Works
• Hilti Corporation
• Howmet Aerospace Inc.
• Illinois Tool Works Inc.
• LISI, LLC.
• MacLean-Fogg
• Stanley Black & Decker, Inc.
• The 3M Company
• Wilhelm Böllhoff GmbH & Co. KG
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/north-american-industrial-fasteners-market
Media Contact:
Company name: Orion Market Research
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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