A fastener is a hardware device that mechanically joins or affixes two or more objects together. In general, fasteners are used to create non-permanent joints; that is, joints that can be removed or dismantled without damaging the joining components. Welding is an example of creating permanent joints.
Fasteners can also be used to close a container such as a bag, a box, or an envelope; or they may involve keeping together the sides of an opening of flexible material, attaching a lid to a container, etc. There are also special-purpose closing devices, e.g. a bread clip.
Some types of woodworking joints make use of separate internal reinforcements, such as dowels or biscuits, which in a sense can be considered fasteners within the scope of the joint system, although on their own they are not general purpose fasteners.
With the development of technology and the down trend of raw materials-steel, the global average price of industrial fasteners is in the decreasing trend, from 2359 USD/MT in 2013 to 2141 USD/MT in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years.
Industrial fasteners including nuts, bolts, and screws are used to join or fix two or more objects together. These products are expected to witness significant demand over the upcoming years as they increase the durability of the joined parts, and can be used on different kinds of substrates such as Steel, Cooper, Aluminum, etc. Steel Fasteners dominate the market with market share nearly 90%.
Fasteners are application in automotive, electric & electronics, machinery, construction, MRO and other industry. The most proportion of Fasteners is used in automotive, and the market share in 2017 is about 26% and the proportion of electric & electronics in 2017 is about 18%.
The Industrial Fasteners Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.
The report offers detailed coverage of Industrial Fasteners industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Industrial Fasteners by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Industrial Fasteners market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.
First, this report covers the present status and the future prospects of the global Industrial Fasteners market for 2015-2027.
Key Companies
Würth
PCC
ITW
Alcoa
Araymond
LISI
STANLEY
Fontana Gruppo
Shanghai PMC (Nedschroef)
NORMA
Aoyama Seisakusho
KAMAX
Agrati Group
Meidoh
NAFCO
Gem-Year
Bulten
Boltun
Industrial Fasteners Market by Type
Steel Type
Cooper Type
Aluminum Type
Other
Industrial Fasteners Market by Application
Automotive Industry
Electric & Electronics
Machinery Industry
Construction Industry
MRO (Maintenance, repair, and operations)
At the same time, we classify Industrial Fasteners according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Industrial Fasteners market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Industrial Fasteners market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Industrial Fasteners market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.
Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Industrial Fasteners market for the forecast period 2021 - 2027?
• What are the driving forces in the Industrial Fasteners market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Industrial Fasteners industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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