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

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.

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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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