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Fasteners Market worth $97.30 billion by 2030, growing at a CAGR of 5.85% - Exclusive Report by 360iResearch
Fasteners Market | 360iResearch
The Global Fasteners Market to grow from USD 65.33 billion in 2023 to USD 97.30 billion by 2030, at a CAGR of 5.85%.
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Fasteners are mechanical devices designed to join or affix two or more objects together temporarily or permanently, including screws, bolts, nuts, and rivets, among others. Their application spans industries such as automotive, aerospace, construction, and electronics, primarily due to their reliability, ease of use, and the variety of types available to suit different materials and strength requirements. The growing demand for fasteners is driven by factors such as the expansion of the construction and automotive sectors, advancements in manufacturing techniques, and the global surge in infrastructure projects. However, challenges such as the potential for corrosion, material compatibility, and the need for precise installation can limit their effectiveness. Addressing these disadvantages requires ongoing innovation in material science to develop corrosion-resistant alloys, employ advanced coatings, and enhance design techniques for improved strength and durability. The increasing adoption of lightweight and high-strength materials in various industries and the rise of Industry 4.0 fostering smart manufacturing practices are expected to elevate the fasteners market. Implementing IoT-enabled fasteners for real-time monitoring and adopting eco-friendly materials are anticipated to redefine their application and open new avenues for growth in the fastener industry.
In the Americas, the use of fasteners is heavily driven by the automotive, aerospace, and construction industries, with a strong emphasis on innovation and high-quality manufacturing standards. The region boasts a robust network of manufacturers, many of which are global leaders aiming to enhance product performance and sustainability. Production techniques often involve advanced technologies, including automation and new material applications. Meanwhile, the APAC region is characterized by its vast production capabilities and is the largest producer and consumer of fasteners. This region benefits from lower manufacturing costs, a vast labor force, and increasing infrastructure development, making it a global hub for standard and specialized fasteners catering to various industrial demands. However, the landscape is fragmented with numerous small and medium-sized enterprises, leading to fierce competition and pressure on pricing strategies. The EMEA region presents a blend of mature and emerging markets, with a strong focus on quality standards and innovation, particularly in Germany, Italy, and the Middle East. The European fastener industry is highly regulated, emphasizing environmental and safety standards. Companies in EMEA tend to focus on niche markets, producing specialized fasteners for the automotive, aerospace, and renewable energy sectors, with sustainability and product optimization being key trends.
Market Segmentation & Coverage:
This research report categorizes the Fasteners Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Raw Material, market is studied across Metal and Plastic. The Metal commanded largest market share of 75.95% in 2023, followed by Plastic.
Based on Commodity, market is studied across Bolts, Nuts, and Screws. The Bolts is projected to witness significant market share during forecast period.
Based on Product, market is studied across Aerospace Grade, Externally Threaded, Internally Threaded, Medical Grade, and Non-Threaded. The Externally Threaded commanded largest market share of 33.34% in 2023, followed by Internally Threaded.
Based on Application, market is studied across Aerospace, Automotive, Building & Construction, Furniture, Home Appliances, Industrial Machinery, Lawn & Garden, Motors & Pumps, and Plumbing Products. The Industrial Machinery commanded largest market share of 2.89% in 2023, followed by Aerospace.
Based on Distribution Channel, market is studied across Offline and Online. The Offline commanded largest market share of 93.85% in 2023, followed by Online.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 38.76% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Fasteners Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Fasteners Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Fasteners Market, highlighting leading vendors and their innovative profiles. These include Ananka Group, Asia Bolts Industries LLC, ATF Inc., Birmingham Fastener & Supply, Inc., Boltun Corporation, Ltd., Bufab Group, CDP Fastener Group, Inc., DE FASTENERS INC., Dokka Fasteners AS, Hilti Corporation, Kaloti Group, Kamax Holding GmbH & Co. KG, KOVA Fasteners Pvt Ltd., LISI Group, Meidoh Co., Ltd., MW Industries, Inc., Nifco Inc., Sesco Industries Inc., Simmonds Marshall Limited, Stanley Black & Decker, Inc., Sundram Fasteners Ltd., The Boeing Company, TR Fastenings by Trifast group, TriMas Corporation, and Usha Fasteners.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Fasteners Market, by Raw Material
7. Fasteners Market, by Commodity
8. Fasteners Market, by Product
9. Fasteners Market, by Application
10. Fasteners Market, by Distribution Channel
11. Americas Fasteners Market
12. Asia-Pacific Fasteners Market
13. Europe, Middle East & Africa Fasteners Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Fasteners Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Fasteners Market?
3. What is the competitive strategic window for opportunities in the Fasteners Market?
4. What are the technology trends and regulatory frameworks in the Fasteners Market?
5. What is the market share of the leading vendors in the Fasteners Market?
6. What modes and strategic moves are considered suitable for entering the Fasteners Market?
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