Published on : Nov 03, 2016
ALBANY, NY, Nov 03, 2016: The research report, titled “Global Industrial Fasteners Market 2016-2020,” presents an all-inclusive analysis of this market, taking key trends, driving factors, restraints, opportunities, and future prospects into consideration. As per the research study, the advent of self-clinching fasteners is having a substantial influence on the global industrial fasteners market, which is poised to expand at a CAGR of 4.05% over the period from 2016 to 2020.
In this research report, the worldwide market for industrial fasteners has been examined on the basis of the end user and the regional spread of this market. Based on the end user, the global market has been classified into the automotive, mining, construction, and the marine industries. Among these, the automotive industry has emerged as the leading contributor to the demand for industrial fasteners across the world. With the expected rise in the sales of automobiles and the subsequent growth in the automotive industry, the segment is likely to remain dominant throughout the forecast period, states the market report.
Based on the geography, the research report has segmented the global market for industrial fasteners into the Americas, Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). APAC, of all, is expected to surface as the leading regional market for industrial fasteners in the forthcoming years.
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The cost-benefits, emerging economies in APAC offer to end-use industries, such as the defense and aerospace, automotive, railways, and shipbuilding sectors, on account of the availability of cheap raw materials and low labor wages, are anticipated to fuel the demand for industrial fasteners from them, reflecting positively on the overall sales, notes the research study.
Dominated by international players, the global market for industrial fasteners demonstrates a highly competitive and fragmented landscape, finds the study. According to the research report, Acument Global Technologies, ITW, Bulten, and Alcoa are the leading manufacturers of industrial fasteners across the world.
Some of the other prominent market participants mentioned in this report are Atlas Bolt and Screw, American Industrial Partners, Air Industries, Allfast Fastening Systems, Ajax Metal Processing, Aoyama Seisakusho, ARNOLD Umformtechnik, ARaymond, ASYST Technologies, Avibank Manufacturing, Automatic Screw Machine Products, AVK Industrial Products, AAA Aircraft Supply, Cardinal Fastener, baier & michels, Cherry Aerospace, Delo Screw Products, Cold Heading Co., Würth Des Moines Bolt, Doncasters, Dokka Fasteners, EBC Industries, Fabristeel, EJOT Holding, FACIL Flexible Fastening Solutions, Pentair Engineered Electrical & Fastening Solutions, Fastenal, Federal Screw Works, Fatigue Technology, Fontana Luigi SpA, Ferry Cap & Set Screw, and General Fasteners.
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