Press release
Industrial Fasteners Market is Anticipated To Surpass US$ 98 Bn In 2022 And Expand At A CAGR of Around 5% Over Next Ten Years : FactMR
Fact.MR – a market research and competitive intelligence provider, analyses that industrial fastener demand is set to register strong growth owing to escalating demand from the transportation industry, especially automotive and railways. Automotive offers a wide application scenario, and every automobile consumes, on an average, nearly 50 kg to 90 kg of fasteners. A plethora of automobile manufacturers are partnering with coating & fastener manufacturers to develop custom-suited automotive fasteners.Request Sample - https://www.factmr.com/connectus/sample?flag=S&rep_id=5679
Key Segments Covered in Industrial Fasteners Industry Research
• By Material
o Metal Industrial Fasteners
Steel Industrial Fasteners
Stainless Steel Industrial Fasteners
Alloy Steel Industrial Fasteners
Copper & its Alloys Industrial Fasteners
Aluminium Industrial Fasteners
Titanium Industrial Fasteners
Nickel & its Alloys Industrial Fasteners
Others
o Polymer Industrial Fasteners
o Industrial Plastic Fasteners
• By Type
o Screws
• Wood Screws
• Machine Screws
• Thread Cutting Machine Screws
• Sheet Metal Screws
• Self-drilling
• Socket Screws
• Others
o Nuts
• Hexagon Nuts
• Flange Nuts
• Wing Nuts
• Kep Nuts
• Push Nuts
• Castle Nuts
• Coupling Nuts
• Pal Nuts
• Others
o Bolts
• Track Bolts
• Square Bolts
• Plow Bolts
• Round Bolts
• Lag Bolts
• Aircraft Bolts
• J-bolts
• U Bolts
• Shoulder Bolts
• Elevator Bolts
• HR Bolts
• HV Bolts
• Others
o Washers
• Lock Washers
• Structural Washers
• Others
o Anchors
o Dowel Pins
• By Application
o Chemical Grade Industrial Fasteners
• Industrial Fasteners for Heat Exchangers
• Industrial Fasteners for Exhaust Systems
• Industrial Fasteners for Tanks and Vessels
• Industrial Fasteners for Processing Equipment
o Petrochemical Grade Industrial Fasteners
• Industrial Fasteners for High Pressure Pumps & Vessels
• Industrial Fasteners for Pumping Stations
• Industrial Fasteners for Metering Pumps
• Others
o Transportation Grade Industrial Fasteners
• Industrial Fasteners for Railways
o Trains
o Infrastructure
• Industrial Fasteners for Marine
o Decks
o Tanks
o Ramps
o Bulkheads
o Others
• Industrial Fasteners for Automotive
o Power Generation & Transmission Grade Industrial Fasteners
• Renewable
o Onshore
Electrical Equipment
Turbines
Motors
Exhaust Systems
Pumping Systems
Storage Vessels
o Offshore
• Non-renewable
o Construction Grade Industrial Fasteners
• Industrial Fasteners for Heavy-duty Machines
• Industrial Fasteners for Construction Vehicles
o Mining Grade Industrial Fasteners
• Industrial Fasteners for Precious Metal Mining
• Industrial Fasteners for Industrial Metal Mining
o Agriculture Grade Industrial Fasteners
o Defense Aerospace Grade Industrial Fasteners
o Others
• By Sales Channel
o Online Sales of Industrial Fasteners
• Direct to Customer Sales of Industrial Fasteners
• Third-party Online Sales of Industrial Fasteners
o Offline Sales of Industrial Fasteners
• Authorized Distributors of Industrial Fasteners
• Industrial Fasteners Sold at Garages & Workshops
• Industrial Fasteners Sold at Specialty Stores
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Key Takeaways from Market Study
The industrial fasteners market is anticipated to add 1.6X value by 2031.
Metal fasteners capture a major chunk of the market and are set to create an absolute $ opportunity of over US$ 60 Bn by2031.
Among the types, nuts has been the fastest-growing segment over others globally in the past decade.
The market in East Asia is set to dominate market revenue in 2021, and is expected to gain 169 BPS by 2031 over 2021.
Power generation & transmission application is poised to experience highest growth among all the applications at a CAGR of 5.6% during 2021-2031.
Due to the COVID-19 crisis, demand for industrial fasteners was hit in 2020, which saw a decline of 2.5% over the 2nd and 3rd quarters.
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