Industrial Fasteners market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The report provides actionable intelligence on major factors influencing the Industrial Fasteners market (drivers, opportunities, industry specific challenges, and other critical issues) along with the Industrial Fasteners market size of various segments.
Industrial fasteners are efficient tools used to connect two or more parts of a product, enabling the development of a superior quality and reliable end-product. Various types of industrial fasteners such as externally threaded, standard, and aerospace grade are used across sectors such as automotive, construction, mining, marine, nuclear, petrochemicals, railways, and aerospace. Several application-specific fasteners engineered with higher strength and durability to meet the specific needs of end-users are available in the market.
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On the grounds of comprehensive, reliable data derived from extensive research of multiple sources (both primary and secondary) and in-depth market analysis with inputs from industry experts, Industrial Fasteners market projected to grow at a CAGR of 4.05% during the period 2017-2021.
Industrial Fasteners Market Drivers, Challenges and Trends: –
Market Driver: – One of driver observed in the market emergence of self-clinching fasteners. self-clinching fasteners are a reliable solution that offers reusable and permanent load-bearing threads. these are ideal for applications that involve thin sheet metals that require good pullout and torque loads to provide safe fastening. they are often installed during the fabrication process.
Market Challenge: – One of challenge observed in the market is problems with mechanical fasteners. traditional joining techniques impose the risk of difficulties in the assembly process. factors like metal distortion and tearing under the impact of heavy fatigue conditions reduce the reliability and longevity of assembly parts. in the process of addressing these issues, manufacturers of mechanical fasteners decrease the gap between the rivets or bolts. this leads to increased number of fasteners required as well as associated costs.
Market trend: – One of trend observed in the market is eliminating defective fasteners with 3D inspection. Manufacturers operating within the fastener industry are resorting to high-resolution 3D inspection to ensure effective elimination of defective parts from their production unit and ensure zero defect in the final output. Sorting, gauging, and cylindrical part inspection, which previously involved the use of laser, vision, and eddy current for measuring dimensions and to find out metallurgical defects, are now adopted for high-speed inspection of fasteners that include screws, bolts, studs, nuts, fittings, washers, bushings, and cylindrical parts
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Market segmentation by end-user:- Automotive, Construction, Mining, Marine
Geographic Segmentation: – Americas, APAC, EMEA
To calculate the Industrial Fasteners market size the report considers the revenue generated from the sales of fasteners in various end-user segments and the average price of various types of industrial fasteners, vis-à-vis nuts, bolts, and screws among others, have been considered in determining the market size.
The report covers the market landscape and its growth prospects over the coming years. Further it converses about key vendors operating in Industrial Fasteners market like Acument Global Technologies, Alcoa, Bulten, ITW,American Industrial Partners and many more.
Some of the Exhibits included in Industrial Fasteners Market report: –
Exhibit 01: Market estimation methodology
Exhibit 02: Key countries in each region
Exhibit 03: Types of fasteners
Exhibit 04: Global industrial fasteners market: Current and future prospects by end-users
Exhibit 05: Global industrial fasteners market: Current and future prospects by geography
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With geographic breakdown of the Industrial Fasteners market in terms of detailed analysis and impact, this report provides business dimensions with an eye on growth opportunities and contribution of upcoming market segments.