Press release
U.S. Cold Headed Large Bolts Market Exploring Huge Opportunities Witnessing a CAGR of 4.8% by 2030
U.S. Cold Headed Large Bolts Market
According to the report, the U.S. cold headed large bolts industry generated $75.3 million in 2020, and is anticipated to generate $120.4 million by 2030, witnessing a CAGR of 4.8% from 2021 to 2030.
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Driving Factors:
The market is mainly driven by increase in investment in automotive, aerospace, and construction sectors in the U.S. Further, rise in demand for cold headed large bolts from the industrial manufacturing sector fuels the U.S. cold headed bolts market growth. However, fluctuation in prices of raw materials and high price of steel are few factors that hinder the market growth.
Increasing investment and manufacturing of electric vehicles in the U.S. drive the market growth. For instance, in April 2022, Toyota Motor Company announced that it will invest $383 million in four of its U.S. automobile manufacturing plants for manufacturing of Toyota and Lexus vehicles.
Similarly, in May 2021, Hyundai Motor Company and Kia Corporation announced a $7.4 billion investment for the production of electric vehicles in the U.S. by 2025.
The investment is expected to enhance manufacturing facilities and smart mobility solutions. As a result, all such factors are expected to boost the U.S. cold headed large bolts market growth during the forecast period.
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Segmentation By Size and Application:
By SIZE -
1 Inch
1-1/8 Inch
1-1/4 Inch
By APPLICATION -
Automotive
Aerospace
Construction
Industrial Machinery
Others
Leading Market Players
• Chase Fasteners Inc.,
• Birmingham Fastener and Supply Inc.
• Brunner Manufacturing Co., Inc.
• Byora U.S.A. Corporation
• Elgin Fastener Group
• Fastco Industries, Inc.
• G-Fast, Inc.
• Grandeur Fasteners, Inc.
• Universal Rivet Inc.
• Valley Fastener Group, LLC
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