Quick Summary:
In an increasingly integrated global economy, the Industrial Fasteners Market stands poised for significant growth. This market, encapsulating both Metal and Plastic sub-segments, is set to display a robust trajectory in the foreseeable future. With progressive growth rates predicted across various regions, understanding this market becomes vital for strategic planning.
This comprehensive market research report offers insights into the multifaceted Industrial Fasteners Market. This pivotal resource provides illuminating discussions on global economic climate, strategic competitor analysis, geographical presence, and emerging market trends. It also offers curated transcripts of market sentiments from key industry players to offer an in-depth understanding of the sector's landscape. Special value-added features such as access to digital archives, complimentary annual updates and an interactive research platform make this report indispensable for decision-makers and strategists looking to excel in the dynamic Industrial Fasteners Market. Empower your business strategy with this exhaustive analysis today.
Global Industrial Fasteners Market to Reach $124.9 Billion by 2030
The global market for Industrial Fasteners estimated at US$89.7 Billion in the year 2022, is projected to reach a revised size of US$124.9 Billion by 2030, growing at a CAGR of 4.2% over the analysis period 2022-2030. Metal, one of the segments analyzed in the report, is projected to record 4.1% CAGR and reach US$110.4 Billion by the end of the analysis period. Growth in the Plastic segment is estimated at 5.5% CAGR for the next 8-year period.The U.S. Market is Estimated at $16.9 Billion, While China is Forecast to Grow at 5.6% CAGR
The Industrial Fasteners market in the U.S. is estimated at US$16.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$24.9 Billion by the year 2030 trailing a CAGR of 5.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 3.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.Select Competitors (Total 376 Featured) -
- A. Agrati S.p.A.
- Bulten AB
- Earnest Machine Product Company
- Federal Screw Works
- Howmet Aerospace Inc.
- Illinois Tool Works, Inc.
- Infasco
- KAMAX Holding GmbH & Co. KG
- LISI Group
- LISI Aerospace
- LISI Automotive
- MacLean-Fogg Company
- Atlas Bolt & Screw Company LLC
- MNP Corp.
- Nippon Industrial Fasteners Company (Nifco)
- Nitto Seiko Co., Ltd.
- Nucor Corporation
- Precision Castparts Corp.
- Cherry Aerospace
- STANLEY Engineered Fastening
- Sundram Fasteners Limited
- TR Fastenings Ltd.
- Wilhelm Böllhoff GmbH & Co. KG
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Economic Outlook
The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What is the estimated value of the Industrial Fasteners Market?
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What is the forecasted size of the Industrial Fasteners Market?
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Report Attribute | Details |
---|---|
No. of Pages | 888 |
Published | December 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 89.7 Billion |
Forecasted Market Value ( USD | $ 124.9 Billion |
Compound Annual Growth Rate | 4.2% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- A. Agrati S.p.A.
- Bulten AB
- Earnest Machine Product Company
- Federal Screw Works
- Howmet Aerospace Inc.
- Illinois Tool Works, Inc.
- Infasco
- KAMAX Holding GmbH & Co. KG
- LISI Group
- LISI Aerospace
- LISI Automotive
- MacLean-Fogg Company
- Atlas Bolt & Screw Company LLC
- MNP Corp.
- Nippon Industrial Fasteners Company (Nifco)
- Nitto Seiko Co., Ltd.
- Nucor Corporation
- Precision Castparts Corp.
- Cherry Aerospace
- STANLEY Engineered Fastening
- Sundram Fasteners Limited
- TR Fastenings Ltd.
- Wilhelm Böllhoff GmbH & Co. KG