According
to a new market report published by Transparency Market Research "
Global Industrial Fasteners Market
- Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2013 - 2019", the market was valued at USD 11.16 billion in
2012, and is expected to reach USD 15.90 billion by 2019, growing at
a CAGR of 5.2% from 2013 to 2019. Lack of adequate power
infrastructure and increasing demand for reliable electricity
delivery are the major driving forces of this market.
Browse
the full
Global Industrial Fasteners Market
Report:
http://www.transparencymarketresearch.com/industrial-fasteners-market.html
Fasteners
form a vital part of any structure as they help in joining two or
more components together. Economic development in countries such as
China, Brazil and India has led to a rise in disposable income of
consumers which in turn has resulted in growing demand for
automobiles. This factor is expected to be one of the primary reasons
driving the growth of the market. In addition, rise in construction
and maintenance activities all across the world is expected to be an
important factor which will boost the demand for fasteners over the
forecast period. However, imposition of high anti-dumping duties by
the European Union is expected to hamper growth of the fasteners
market. Development of fasteners which are customized for niche
application segments such as railways and solar equipment is expected
to open opportunities for the growth of the market within the
forecast period.
Externally
threaded industrial fastener was the largest product segment,
accounting for over USD 25 billion in 2011. This product segment is
expected to show the fastest growth in the near future on account of
rapid industrialization and rising demand for durable goods.
Other
OEM segments such as electronic and electrical, fabricated metal
products and aerospace equipments were the largest application
segments of fasteners and accounted for over 30% of the demand in
2011. However, demand for fasteners is expected to be highest from
construction on account of the rising construction and maintenance
activities worldwide. The construction application segment is
expected to grow at a CAGR of over 9% from 2012 to 2018. Automotive
OEM sector is expected to show above average growth within the
forecast period.
Asia
Pacific accounted for the highest demand for industrial fasteners in
2012 and is expected to account for over 45% of the market by 2018.
The trend is expected to continue over the next six years due to
factors such as rapid industrialization and favorable economic
conditions, which is expected to boost the demand for durable goods
and other manufacturing and development activities.
Key
participants in the industrial fasteners market include Alcoa
Incorporated, Illinois Tool Works Incorporated, LISI Group, NIFCO and
Precision Castparts Corporation among others. The report profiles the
above mentioned companies along with a detailed market share
analysis.
The
report gives a comprehensive view of the industrial fasteners market
in terms of revenue. In addition, the report includes demand forecast
for each product segment and application in North America, Europe,
Asia Pacific and Rest of the World. The report comprises of the
following segments:
Industrial
Fasteners Market: Product Segment Analysis,
·
Externally threaded
·
Aerospace grade
·
Standard
Industrial
Fasteners Market: Application Analysis,
·
Automotive OEM
·
Machinery OEM
·
MRO
·
Construction
·
Other OEM
The
report provides a cross-sectional analysis of all the above product
segment and application segments with respect to the following
regions:
·
North America
·
Western Europe
·
Asia Pacific
·
Rest of the World
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Us
Transparency
Market Research is a market intelligence company providing global
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