Industrial Fasteners Market by Material (Metal, Plastic), by Product (Externally Threaded, Internally Threaded, Non-Threaded, Aerospace Grade), by Application (Automotive, Aerospace, Building & Construction, Industrial Machinery, Home Appliances, Lawns & Gardens, Motors & Pumps, Furniture, Others), by North America (U.S., Canada, Mexico) Forecast 2024-2032
The Industrial Fasteners Market size was valued at USD 85.83 USD Billion in 2023 and is projected to reach USD 115.25 USD Billion by 2032, exhibiting a CAGR of 4.3 % during the forecast period. The Market of Industrial Fasteners provides a vast variety of products, like bolts, screws, nuts and rivets for a reliable joining of materials with initial manufacturing and building. These fasteners provide up to 100 psi shear strength, increased corrosion resistance, and compatibility with different materials that serve the automotive, aerospace, construction, and electronics sectors. The threaded, non-threaded, and aerospace fasteners are designed to meet specific needs. Thanks to technological advancements, precision fasteners and automated assembly systems now have been introduced which improve the efficiency and reliability of the fasteners and the parts respectively. Markets highlight the fact that product cost-effectiveness, product quality enhancement and process streamlining result in increased structural integrity, fewer down-payments, and enhanced safety in all industries, which leads to innovation and progress.
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June 2022: Belenus acquired the Tellep Brand, expanding its product line of high-resistance fasteners.
April 2022: Birmingham Fastener acquired Champion Sales and Manufacturing, Inc., strengthening their waterworks product offerings.
September 2021: LINC Systems, LLC acquired Air-O Fasteners, enhancing their presence in the Western U.S.
January 2021: LISI Aerospace extended its contract with Boeing to provide close to 6,000-part numbers for all Boeing commercial programs.
September 2020: Avantus Aerospace acquired Fastener Innovation Technology Corporation (FIT) to enhance its aerospace and defence business.
February 2020: TriMas entered into a strategic partnership with Airbus, expanding its global customer base in aerospace applications.
To gain a comprehensive understanding of the industrial fasteners market, this report covers:
The Asia-Pacific region holds the largest market share due to rapid industrialization and urbanization. Europe and North America follow as significant markets, driven by stringent regulatory standards and advanced infrastructure.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.3% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.3% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
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