Driving Forward: U.S. Cold Headed Large Bolts Market on a Growth Trajectory"

A recent report from Allied Market Research, titled "U.S. Cold Headed Large Bolts Market by Size and Application: Opportunity Analysis and Industry Forecast, 2021-2030," highlights the robust expansion of the U.S. cold headed large bolts market. In 2020, the market was valued at $75.3 million, and it is projected to surge to $120.4 million by 2030, exhibiting a steady Compound Annual Growth Rate (CAGR) of 4.8% from 2021 to 2030.

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In 2020, the automotive sector took the lead in terms of revenue, driving the U.S. cold headed large bolts market. This surge can be attributed to the increased production of electric vehicles.

The market's growth is primarily fueled by rising investments in the automotive, aerospace, and construction sectors in the United States. Furthermore, the escalating demand for cold headed large bolts from the industrial manufacturing sector further propels the market's growth. However, fluctuations in raw material prices and the high cost of steel pose challenges to the market's expansion.

The growth of the U.S. cold headed large bolts market is significantly driven by investments in electric vehicle manufacturing. For example, in April 2022, Toyota Motor Company announced a $383 million investment in four of its U.S. automobile manufacturing plants to produce Toyota and Lexus vehicles. Similarly, in May 2021, Hyundai Motor Company and Kia Corporation unveiled a $7.4 billion investment plan to manufacture electric vehicles in the U.S. by 2025, which will enhance manufacturing facilities and smart mobility solutions. These developments are expected to further boost the U.S. cold headed large bolts market during the forecast period.

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The market is segmented based on size and application. In terms of size, it is categorized into 1 inch, 1-1/8 inch, and 1-1/4 inch. By application, the market includes segments such as automotive, aerospace, construction, industrial machinery, and others.

However, the COVID-19 pandemic forced many manufacturers in the U.S. cold headed large bolts market to halt their operations in countries like China, the U.S., and India. This hiatus had a direct impact on the sales of U.S. cold headed large bolts companies. Additionally, a shortage of manpower and raw materials hindered the supply of equipment in the market. Nevertheless, the reopening of production facilities and the introduction of COVID-19 vaccines are expected to lead to the revival of companies operating in the U.S. cold headed large bolts sector.

Key Findings of the Study:

The report provides a comprehensive analysis of current and emerging trends and dynamics in the U.S. cold headed large bolts market.

In 2020, the automotive segment dominated the U.S. cold headed large bolts market in terms of revenue, while the construction segment is projected to exhibit significant growth during the forecast period.

The 1-inch segment generated the highest revenue in 2020, based on size.

The report profiles key players in the U.S. cold headed large bolts market and thoroughly analyzes their strategies, offering insights into the competitive landscape of the industry.

It provides an extensive analysis of market trends and emerging opportunities in the U.S. cold headed large bolts market, with estimations for key segments between 2021 and 2030.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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