Press release
Demand For Steel Industrial Fasteners Used In Power Generation And Transmission To Increase At The Highest CAGR Of 5.6% - Exclusive Report by Fact.MR
The global demand observed a decline of 2.5% in 2020, and stood at 30,060 KT. Demand for polymer fasteners fell by 3.2% to 2,495 KT, whereas, that for metal fasteners experienced a decline of 2.6% to 27,564 KT.However, the overall market is set to regain traction and expand at a CAGR of around 5% through 2031.
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
To remain 'ahead' of your competitors, request for a sample - https://www.factmr.com/connectus/sample?flag=S&rep_id=5679
The report offers actionable and valuable market insights of Steel Industrial Fasteners. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Steel Industrial Fasteners Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Steel Industrial Fasteners market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Steel Industrial Fasteners
This newly published and insightful report sheds light on Market Insights of Steel Industrial Fasteners, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Steel Industrial Fasteners Market.
Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=5679
Key Segments Covered in Steel Industrial Fasteners Industry Research
By Material
• Metal Steel Industrial Fasteners
• Polymer Steel Industrial Fasteners
• Industrial Plastic Fasteners
By Type
• Screws
• Nuts
• Bolts
• Washers
• Anchors
• Dowel Pins
By Application
• Chemical Grade Steel Industrial Fasteners
• Petrochemical Grade Steel Industrial Fasteners
• Transportation Grade Steel Industrial Fasteners
• Power Generation & Transmission Grade Steel Industrial Fasteners
• Construction Grade Steel Industrial Fasteners
• Mining Grade Steel Industrial Fasteners
• Agriculture Grade Steel Industrial Fasteners
• Defense Aerospace Grade Steel Industrial Fasteners
• Others
Competition landscape
To acquire access to untapped markets, top industrial fastener manufacturers are combining organic methods such as targeted product line extensions and geographic expansions. In addition, certain key players are employing inorganic tactics such as acquisitions to improve their existing portfolios, as well as consistent research spending.
• LISI Aerospace collaborated with the University of Sheffield Advanced Manufacturing Research Centre and received US$ 1.34 Mn in funding from Aerospace Technology Institute to research on newer markets in the fastener industry through the usage of advanced technologies.
• In June 2020, LISI Aerospace and Lockheed Martin signed a supply agreement for the F-35v program, with a total estimated value of US$ 60 Mn.
• Stanley Black & Decker acquired Consolidated Aerospace Manufacturing LLC (CAM) added viable products for aerospace & defence end-users to its product portfolio.
• Avantus Aerospace acquired Fastener Innovation Technology Corporation in 2020, to improve its overall product portfolio.
• Moreover, Birmingham Fasteners announced the acquisition of Steel City Bolt in 2021, which would increase the company's local manufacturing capabilities and help its customer with their fastener needs suited to diverse applications.
Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/5679
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.
Report Benefits & Key Questions Answered
• Steel Industrial Fasteners Company & brand share analysis: The report offers brand-share analysis on Steel Industrial Fasteners market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
• Steel Industrial Fasteners Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
• Steel Industrial Fasteners Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
• Steel Industrial Fasteners Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
• Steel Industrial Fasteners Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
• Post COVID consumer spending on Steel Industrial Fasteners: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Steel Industrial Fasteners sales.
Read More Trending Reports of Fact.MR- https://www.einpresswire.com/article/557298123/demand-for-independent-front-suspension-is-estimated-to-remain-high-owing-to-the-system-of-better-handling-stability
More Valuable Insights on Steel Industrial Fasteners Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Steel Industrial Fasteners, Sales and Demand of Steel Industrial Fasteners, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
Explore Fact.MR's Coverage on the Chemicals and Materials Domain:
Bio-succinic Acid Market - https://www.factmr.com/report/5405/biosuccinic-acid-market
Surge Suppression IC Market - https://www.factmr.com/report/surge-suppression-ic-market
Liquid Propellants Market - https://www.factmr.com/report/Liquid-Propellants-Market
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
About US
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we'll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Demand For Steel Industrial Fasteners Used In Power Generation And Transmission To Increase At The Highest CAGR Of 5.6% - Exclusive Report by Fact.MR here
News-ID: 2623267 • Views: …
More Releases from Fact.MR
USA Solar Light Towers Industry Outlook 2025-2035: Innovation, Growth, and Deman …
The U.S. market for solar light towers-portable, off-grid, solar-powered lighting systems-is entering a phase of strong, sustained growth. Industries such as construction, infrastructure development, event management, emergency response, mining, and remote industrial operations are increasingly shifting toward solar-based lighting solutions due to their lower operating costs, zero emissions, quiet operation, and minimal maintenance requirements.
With growing emphasis on sustainability and operational efficiency, solar light towers are steadily replacing traditional diesel-powered units…
UK Cancer and Tumor Biomarker-based Assay Industry Outlook 2025-2035: Key Develo …
Cancer and tumor biomarker-based assays are analytical tests that detect biological markers associated with cancer presence, progression, recurrence risk, prognosis, and treatment response. These assays play a crucial role in early diagnosis, precision medicine, therapy selection, monitoring minimal residual disease, and assessing recurrence, making them indispensable in modern oncology care.
In the United Kingdom, demand for biomarker-based assays is growing strongly due to rising cancer incidence, expanding adoption of personalized medicine,…
UK Bleaching Clay Industry Forecast 2025-2035: Trends and Growth Insights
Bleaching clay - also called decolorizing clay or activated clay - is a specialty mineral used primarily in the refining and purification of edible oils, fats, waxes, and various industrial liquids. It is valued for its high surface area and adsorption properties, which allow it to remove color bodies, impurities, trace metals, oxidation products, and other undesired components. In the United Kingdom, demand for bleaching clay is closely linked to…
UK Veterinary Dietary Supplements Industry Outlook 2025-2035: Key Developments a …
The UK market for veterinary dietary supplements is experiencing strong growth as pet owners become increasingly health-conscious and veterinarians emphasize preventive wellness. Rising adoption of premium pet foods, growing awareness about joint health, immunity, digestive support, and the overall humanization of pets continue to fuel demand. Supplements formulated for dogs, cats, and production animals are becoming mainstream, supported by innovations in clean-label ingredients and species-specific nutrition.
Quick Stats (2025-2035)
2025 Market Value:…
More Releases for Fastener
Marine Fastener Market Size Analysis by Application, Type, and Region: Forecast …
According to Market Research Intellect, the global Marine Fastener market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
Due to the growing worldwide maritime sector, the marine fastener market is expected to increase significantly. This increase…
Automotive Fastener Market Is Booming Worldwide | Illinois Tools Work, Atotech, …
Advance Market Analytics published a new research publication on "Automotive Fastener Market Insights, to 2030" with 232+ pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Automotive Fastener market was mainly driven by the increasing R&D spending across the world. Some of the Major Key Players…
Marine Fastener Market to Witness Huge Growth by Key Players: Go2marine,Bainbrid …
The Latest research report on the "Marine Fastener Market (2023-2029)" - A fundamental analysis of market categories and subdivisions, including product types, applications, companies, and regions, is provided in this industry research analysis. In this press release, we are thrilled to introduce the newest report on the Marine Fastener Market for the year 2023. This comprehensive report analyzes the current market trends, growth opportunities, challenges, and future prospects of the…
Engine Fastener Market 2032
The Engine Fastener Market Research Report provides an in-depth analysis of the market dynamics, key players, and competitive landscape of the Engine Fastener industry. It aims to provide valuable insights into the market trends, growth opportunities, and challenges faced by the industry stakeholders. The report serves as a comprehensive guide for businesses and investors looking to make informed decisions in the Engine Fastener business.
The Engine Fastener Market share is influenced…
Future fastener developing trends
AEROSPACE FASTENER DEMAND:
Fasteners-the small parts, but they are an indispensable key component to support and connect the entire aircraft. According to Boeing and Airbus' forecast, the global aircraft demand in the next 20 years will exceed 40,000 aircraft, which even does not include military airplanes and helicopters. The number of fastener demand on each aircraft is millions at least. In terms of aluminum fastener sizes, aerospace fasteners with a diameter…
Global Plow Bolts Market Analysis 2020 MW Industries, Canco Fastener, Shanghai T …
Plow Bolts: Regional and Global Market Opportunities - Key Competitors, Industry Segments, and Strategic Analysis, 2020-2025
The market study is primarily based on primary and secondary data collected through systematic research approach. The research approach is defined by expert market analysts in line with business consultants and international research standards. Economic, political, and environmental regulations for Plow Bolts market are examined to draw the conclusion on macroeconomic business environment. The market…
