The global market for Industrial Fasteners is forecast to reach US$99 billion by 2024, driven by the recovering global economy and parallel improvement in outlook for the manufacturing sector; and increasing use of novel threaded and plastic fasteners. Importance of fasteners can be put into perspective by the fact that these tiny components comprising screws, nuts, bolts, pins and hinges, play a big role in providing support and mobility to equipment and machines. Securing essential joints is vital and fastener failure and breakage can result in machine and structural failure and damage to property and life. The market therefore is poised to richly benefit from emerging technology innovations in fastener forms and functions. R&D investments in fastener technology is steadily increasing against the backdrop of evolving needs of new generation products and need for new assembly line solutions. Higher commercial value of features such as component disassembly in end-products is helping replace traditional joining methods such as adhesives, rivets, and welding with fasteners. Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 6.5% over the analysis period led by factors such as rising public sector investments in defense, infrastructure and aerospace in countries such as China, Malaysia, South Korea and India; growing foreign direct investments in the manufacturing sector in key Asian economies; and rise of the region as the global production hub of electrical and electronic components, automobiles and industrial machinery.  

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Summary of Findings
  • The Rising Wave of Miniaturization Drives Demand for Microfasteners and Miniature Fasteners in Myriad Types and Styles
  • Miniature Clinch Fasteners with the Ability to Offer Strong, Permanent and Reusable Fastener Solution Grow in Popularity in Applications Utilizing “Ultra-Thin” Metal Sheets
  • Focus on Lightweighting in the Automotive and Aerospace Sectors Fuels Interest in Plastic Fasteners
  • Innovative Fastener Materials as an Alternative to Traditional All-Metal Fasteners and Launch of Hybrid Fasteners Featuring a Blend of Metal and Injection-Molded Plastic Elements to Benefit Market Growth
  • Increased Investments in Industrial Automation, Motion Control & Robotics to Benefit Market Growth
  • Titanium Fasteners Witness Robust Demand in the Aerospace Sector

Timeline for Analysis
  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

Geographic Markets Analyzed
  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World

Market Segmentation & Classification
  • Product Segments:
    • Bolts, Nuts, Screws, Rivets/Washers, and Others
  • End-Use Segments:
    • Automotive, Aerospace, Construction, Mechanical Engineering, and Others

Major Players
  • Acument Global Technologies, Inc.
  • Arconic Inc.
  • Bulten AB
  • Earnest Machine Product Company
  • Federal Screw Works
  • Gem-Year Industrial Co., Ltd.

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