Press release
Global Fastener Market: Valued at USD 95.81 Billion in 2023, Projected to Reach USD 133.03 Billion by 2030 with a 4.8% CAGR
Global Fastener Market
Fastener Market size was valued at USD 95.81 Bn. in 2023 and the Fastener's total revenue is expected to grow by 4.8% from 2024 to 2030, reaching nearly USD 133.03 Bn
Fastener Market Overview:
The fastener is a hardware device that mechanically joins or attaches two or more objects together. The market is expected to be driven by the growing population, high investments in the construction sector, and rising demand for industrial fasteners in the automotive and aerospace sectors. Infrastructure development is one of the key parameters to be considered while tracking the regional development of the market. The construction industry notably impacts the demand for industrial fasteners as they are extensively used in buildings, bridges, walls, and roofs. Unlike other industries, fasteners used in construction are standardized and subject to stringent quality checks.
๐๐ง๐ฅ๐จ๐๐ค ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐๐ฎ๐ซ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:https://www.stellarmr.com/report/Fastener-Market/1375
What are Fastener Market Dynamics?
Growth in Building & Construction Industry is Driving Industrial Fasteners Market Growth Increasing demand for commercial and residential housing projects and government spending on infrastructure activities will foster the construction market growth. They are used in the construction industry to join two or more objects together in a non-permanent way. Building & construction fasteners are used in heavy-duty applications to join materials together, as the sector requires strength and precision. Stainless steel, alloy steel, and carbon steel are different fastening types used in the construction sector. Common types of building construction products include nuts, bolts, washers, screws, and rivets. Each infrastructure project requires various types of fastening products to ensure safe and robust construction. Most of the products are manufactured using carbon steel as it offer affordability, strength, and workability. Whereas, stainless steel is the most preferred material for construction, owing to its ability to resist heat, corrosion, and strength, thereby boosting the demand for industrial fasteners.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ + ๐๐ซ๐๐ฉ๐ก๐ฌ ๐๐๐ซ๐:https://www.stellarmr.com/report/req_sample/Fastener-Market/1375
What is Fastener Market Regional Insight?
DIY furniture is growing in popularity among millennials, and the availability of such things is expected to enhance furniture sales through online retailers. Consumers' growing environmental awareness is influencing their shopping decisions in a good way, and sustainable furniture is becoming more popular in the region. Furthermore, the number of green homes being built in the United States is rapidly increasing, paving the way for environmentally friendly furnishings. Furthermore, the growth of the furniture sector in North America is being aided by the increasing migration of manufacturers with handcrafted furniture goods developed in the United States by American Eco Furniture, LLC.
What is Fastener Market Segmentation?
By Raw Material
Stainless Steel
Iron
Aluminum
Plastic
By Application
Automotive
Aerospace
Building & Construction
Industrial Machinery
Home Appliances
Others
By Product Type
Externally Threaded
Internally Threaded
Non-threaded Threaded
Aerospace Grade
๐ ๐๐๐ ๐๐๐ญ ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ! https://www.stellarmr.com/report/req_sample/Fastener-Market/1375
Some of the current players in the Fastener Market are:
Arconic Fastening Systems and Rings
Acument Global Technologies, In
ATF, Inc.
Dokka Fasteners A S
LISI Group - Link Solutions for Industry
Nippon Industrial Fasteners Company (Nifco)
Hilti Corporation
MW Industries, Inc.
Birmingham Fasteners and Supply, Inc.
SESCO Industries, Inc
Key Offerings:
Past Market Size and Competitive Landscape
Fastener Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Fastener Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Contact Stellar Market Research:
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sales@stellarmr.com
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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AEROSPACE FASTENER DEMAND:
Fasteners-the small parts, but they are an indispensable key component to support and connect the entire aircraft. According to Boeing and Airbus' forecast, the global aircraft demand in the next 20 years will exceed 40,000 aircraft, which even does not include military airplanes and helicopters. The number of fastener demand on each aircraft is millions at least. In terms of aluminum fastener sizes, aerospace fasteners with a diameterโฆ
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