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U.S. Cold Headed Large Bolts Market Poised for Growth, Projected to Reach $120.4 Million by 2030

06-19-2024 01:00 PM CET | Industry, Real Estate & Construction

Press release from: Allied Analytics LLP

U.S. Cold Headed Large Bolts Market Poised for Growth, Projected

Allied Market Research recently published a report titled "U.S. Cold Headed Large Bolts Market by Size and Application: Opportunity Analysis and Industry Forecast, 2021-2030," revealing that the U.S. cold headed large bolts market was valued at $75.3 million in 2020 and is expected to reach $120.4 million by 2030, growing at a CAGR of 4.8% from 2021 to 2030.

Download PDF Sample Copy@ https://www.alliedmarketresearch.com/request-sample/A16212

Market Drivers
The automotive sector led in revenue in 2020 within the U.S. cold headed large bolts market, driven by increased production of electric vehicles. The market's growth is primarily fueled by:

Expanding investments in automotive, aerospace, and construction sectors.
Growing demand for cold headed large bolts in industrial manufacturing.
Challenges and Hindrances
Factors such as fluctuating raw material prices and the high cost of steel pose challenges to market expansion.

Key Growth Factors
Investments and advancements in electric vehicle manufacturing play a pivotal role in driving market growth. Notably, Toyota Motor Company's $383 million investment in U.S. automobile manufacturing plants and Hyundai Motor Company and Kia Corporation's $7.4 billion investment in electric vehicle production by 2025 are significant contributors. These initiatives are expected to bolster manufacturing capabilities and smart mobility solutions, propelling the U.S. cold headed large bolts market during the forecast period.

Market Segmentation
The market is segmented based on size and application:

Size Segmentation: Includes 1 inch, 1-1/8 inch, and 1-1/4 inch.
Application Segmentation: Covers automotive, aerospace, construction, industrial machinery, and others.
Impact of COVID-19
The COVID-19 pandemic temporarily halted operations for several U.S. cold headed large bolts manufacturers, affecting sales due to disruptions in global supply chains, particularly from countries like China, the U.S., and India. However, with the reopening of production facilities and widespread vaccination efforts, the market is anticipated to recover steadily.

Full Report@ https://www.alliedmarketresearch.com/us-cold-headed-large-bolts-market-A16212

Key Findings of the Study

The automotive segment dominated the U.S. cold headed large bolts market in 2020, with the construction segment expected to exhibit significant growth during the forecast period.
The 1 inch segment recorded the highest revenue in 2020 based on size.
The report profiles key players in the U.S. cold headed large bolts market, providing insights into their strategies and competitive landscape.
Conclusion
The report offers a comprehensive analysis of current trends, emerging opportunities, and market dynamics within the U.S. cold headed large bolts industry. It forecasts growth prospects for key segments from 2021 to 2030, highlighting the sector's evolution and potential for innovation.

For further insights and detailed analysis, refer to the full report by Allied Market Research on the U.S. cold headed large bolts market.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. 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.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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