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With 5% CAGR, Blind Bolts Market to Reach US$ 5.5 Billion by 2028 | Global Industry Report

03-07-2023 05:53 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

With 5% CAGR, Blind Bolts Market to Reach US$ 5.5 Billion

According to IMARC Group's latest report, titled "Blind Bolts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. the global blind bolts market size reached US$ 4.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.

Blind bolts represent structural fasteners used in pre-drilled holes to enhance the strength of a rivet or weld. They are manufactured using numerous materials, including zinc-plated carbon steel collars, alloy steel stem, and black oxide sleeves and are commonly available in thin-walled and heavy-duty variants. Blind bolts are widely utilized in girder cavities, box sections, and containers and for industrial applications. They offer superior strength, adaptability, tamper resistance, and enhanced stability under continuous vibrations. Blind bolts are available in several strengths, sizes, and configurations and find extensive application across various sectors, such as construction, manufacturing, transportation, automotive, aerospace, etc.

Request for a PDF Sample of this Report: https://www.imarcgroup.com/blind-bolts-market/requestsample

Blind Bolts Market Trends:

The expanding aerospace sector across the globe is primarily augmenting the blind bolts market. Furthermore, the rising usage of structural fasteners in the manufacturing of aircraft components, including wings, nacelles, and interiors that require high structural strength is positively influencing the market growth. Apart from this, the increasing utilization of the product in the construction sector to stabilize steel girders and create structures, such as bridges and buildings is acting as another significant growth-inducing factor. Moreover, numerous product innovations, including developing lightweight blind bolts manufactured using titanium, used in composite structures and engine inlets are also bolstering the global market. Besides this, the widespread adoption of structural fasteners in military and defense vehicles, such as helicopters and marine vessels is further catalyzing the market growth. Additionally, the inflating infrastructural development and the launch of several government initiatives promoting the modernization of defense units are expected to drive the blind bolts market in the coming years.

Blind Bolts Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global blind bolts market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Arconic Corporation
• BMB Fasteners & Supply Inc.
• Cherry Aerospace (Precision Castparts Corp.)
• Elite Fasteners Inc
• Howmet Aerospace Inc.
• Kwikbolt Ltd.
• LISI Aerospace
• Precision Castparts Corp.(Berkshire Hathaway Inc.)
• Stanley Black & Decker Inc.
• The Boeing Company
• TriMas Corporation.

Key Market Segmentation:

The report has segmented the blind bolts market on the basis of product, diameter, grade, application and region.

Breakup by Product:

• Heavy Duty
• Thin Wall

Breakup by Diameter:

• M8
• M10
• M12
• M16
• Others

Breakup by Grade:

• Grade 8.8
• Grade 10.9
• Grade 316

Breakup by Application:

• Construction
• Railway
• Aerospace
• Marine
• Others

Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=4852&flag=E

Key Highlights of the Report:                                                           

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com

About Us:                                                                   

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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