Global Industrial Fasteners Market is expected to reach USD 104.32 billion by 2020, according to a new study by Grand View Research, Inc. Increasing demand for fasteners in automotive industry coupled with growing construction spending as a result of economic growth and industrialization in emerging markets of China, Brazil, Saudi Arabia, Australia, Indonesia and India is expected to drive demand for fasteners over the next six years. Asia Pacific is expected to witness growth on account of increasing government investments in commercial aircraft & aerospace, defense and non building construction. Advanced processing technique and improved mechanical properties of fasteners is expected to serve new growth opportunities for the market. In addition, development of railroad fasteners is expected to open new market avenues for manufacturers over the next six years.
Externally threaded fasteners were the largest product segment and accounted for over 45% of market share in 2013. Growth can be attributed to increasing use of fasteners in the automotive OEM, machinery OEM and construction industry.
Read Complete Report with TOC @ https://www.radiantinsights.com/research/industrial-fasteners-market-analysis-by-product-externally-threaded-aerospace-grade-other-standard-by-application-automotive-oem-machinery-oem-construction-mro-and-segment-forecasts-to-2020
Further key findings from the study suggest:
Automotive OEM was the second largest application market accounting for over 20% of revenue share in 2013 and is expected to show significant growth over the forecast period as a result of increasing production of automobiles in China, Japan, Australia, Mexico, U.S. and India.
Construction is expected to witness swift demand growth at an estimated CAGR of 6.9% from 2014 to 2020, due to rising government funding for large scale infrastructure and residential construction in emerging markets of China, Argentina, India, Saudi Arabia and Indonesia.
Asia Pacific was the largest regional market accounting for over 30% revenue share in 2013 and is expected to witness growth at an estimated CAGR of around 7% from 2014 to 2020, owing to increasing production of motor vehicles, industrial machinery and electrical & electronic components. In addition, growing construction industry in China, Japan, India, Thailand, Australia, South Korea and Taiwan is expected to further fuel market growth.
Read Sample report of this Category: https://www.radiantinsights.com/catalog/materials
Key market participants include Acument Global Technologies, ITW, Nifco, LISI Group, Alcoa, Standard Fasteners Ltd., Dokka Fasteners, Kova Fasteners Pvt. Ltd., Hilti, Penn Engineering, Precision Castparts Corp., EJOT, ATF Inc., Stanley Black & Decker and MW Industries Inc. Various companies are employing nanocomposite material processing technique for the production of aerospace fasteners which is anticipated to improve performance characteristics along with cost reduction.
Table of Contents
Chapter 1 Executive Summary
1.1 Industrial Fasteners- Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Industrial Fasteners Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Industrial Fasteners Value Chain Analysis
2.4 Industrial Fasteners Market Dynamics
2.4.1 Market Driver Analysis
126.96.36.199 Booming construction industry in Asia Pacific
188.8.131.52 Growing demand in automotive industry
184.108.40.206 Growing demand for fasteners in aerospace industry
2.4.2 Market Restraint Analysis
220.127.116.11. Increasing anti-dumping measures
2.5 Key Opportunities Prioritized
2.6 Industry Analysis – Porter’s
2.7 Industrial Fasteners – Company Market Share Analysis
2.8 Industrial Fasteners – PESTEL Analysis
Chapter 3 Industrial Fasteners Product Outlook
3.1 Global industrial fasteners market share by product, 2013 & 2020
3.2 Externally Threaded
3.2.1 Market estimates and forecast, 2012 – 2020 (USD Million)
3.2.2 Market estimates and forecast, by region, 2012 – 2020 (USD Million)
3.3 Aerospace Grade
3.3.1 Market estimates and forecast, 2012 – 2020 (USD Million)
3.3.2 Market estimates and forecast, by region, 2012 – 2020 (USD Million)
3.4 Other Standard Fasteners
3.4.1 Market estimates and forecast, 2012 – 2020 (USD Million)
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For More Information, Visit Radiant Insights
Corporate Sales Specialist, USA
Radiant Insights, Inc
Toll Free: 1-888-202-9519
Blog URL: http://www.radiantinsightsinc.blogspot.com