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Industrial Fasteners - Global Market Trajectory & Analytics

  • ID: 338431
  • Report
  • May 2020
  • Region: Global
  • 754 Pages
  • Global Industry Analysts, Inc
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With the manufacturing industry expected to be severely impacted by the virus-led recession, it is a rough weather forecast for Industrial Fasteners in the immediate to short-term period. The market will however grow in the post crisis period to reach a projected global market size of US$92. 6 billion by 2027. An indication of the grim state of affairs is the fact that global manufacturing PMI is already declining and will fall to an estimated all-time low of 35. 4 points in 2020 as compared to 53. 8 in 2019. This indicates severe contraction of manufacturing activity including new orders, production, employment, supplier deliveries, inventories, customers’ inventories, commodity prices, order backlog, new export orders, and imports. Business investment confidence is tumbling amidst poor demand, falling profits, liquidity crunch and a reeling global economy. The US economy will shrink by -5. 9% while the Chinese economy will fall to a devastating 1. 2%. As aerospace & automotive industries, the two largest end-use markets bite the dust, industrial fasteners will feel the pain.

The 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. After this period of hiatus, growth trends in the market during the pre-COVID-19 period will gradually re-emergence as the economy begins to normalize. These trends will include increasing use of novel threaded and plastic fasteners, technology innovations in fastener forms and functions, rising wave of miniaturization drives demand for micro fasteners and miniature fasteners in myriad types and styles, popularity of miniature clinch fasteners with the ability to offer strong, permanent and reusable fastener solutions in applications utilizing “ultra-thin” metal sheets, focus on light weighting in the automotive and aerospace sectors and the ensuing interest in plastic fasteners, increased investments in industrial automation, motion control & robotics, rise of innovative fastener materials as alternatives to traditional all-metal fasteners and launch of hybrid fasteners featuring a blend of metal and injection-molded plastic elements, popularity of titanium fasteners in the aerospace sector. R&D investments in fastener technology will recover steadily supported by the 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 will help replace traditional joining methods such as adhesives, rivets, and welding with fasteners. Asia-Pacific including China is a major market 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.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of COVID-19 and a Looming Global Recession
Impacts on Few Manufacturing Sectors in a Nutshell
Manufacturing Stares at a Grim Future but Remains Optimistic
Fasteners: A Preview
An Overview of Industrial Fasteners
Manufacturing, Construction and Automotive Sectors to Drive Demand for Industrial Fasteners in Future
Recent Market Activity
Anticipated Rise in Vehicle Sales to Foster Global Automotive Fasteners Market Growth
Increase in Air Travel Post COVID-19 Market Scenario to Fuel Long Term Growth in the Global Aerospace Fasteners Market
Competitive Landscape
Highly Fragmented Industry Structure Characterized by Intense Competition
Leading Players Worldwide
Industrial Fastener Vendors Eye on Acquisitions to Expand Portfolios and Geographical Reach
Competition in the Aerospace Fasteners Industry
Global Competitor Market Shares
Industrial Fasteners Competitor Market Share Scenario Worldwide (in %): 2019E
Aerospace Fasteners Competitor Market Share Scenario Worldwide (in %): 2019E

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Automotive Industry: A Key End-user of Industrial Fasteners
Rise in Vehicle Recalls Due to Fastener Failure Fuels Emphasis on Quality
Changing Automotive Manufacturing Trends Impact Opportunities for Fasteners
Focus on Automotive Lightweighting Spurs Innovation
Novel Coatings Help Automotive Fasteners to Comply with Lightweighting
Shape Memory Fasteners: The Future of Automotive Assembling
Plastic Fasteners Grow in Popularity
Acceptance of Adhesive Fasteners Casts a Long Shadow of Threat over Mechanical Fasteners
Metal Fasteners Continue to Reign
Aerospace Industry: A Strong End-Use Market for Fasteners
Healthy Outlook for Commercial Aviation Industry Post COVID-19 Suggests Opportunities for Aerospace Fasteners
Fastener Innovations over the Years
Thermission Coating for Longer Lasting Surface Protection for Fasteners
Technological Innovations Driving Demand
Focus on Safety Spurs Tool Innovations
Lighter the Better’ - New Mantra Driving Sales
Titanium Aerospace Fasteners to Grow in Importance
Electrical & Electronic Equipment – Potential Growth Sector in Years to Come
Special End-use Industries Underpin Growth
Medical Equipment Industry - Yet another Crucial End-use Sector
Developments in the Industrial Fastener Industry
A Note on Technological Advancements
Recent Innovations
Challenges to Reckon With
Secondary Locking Devices to Bite into Fastener Share
Impact of e-business and e-commerce on Industrial Fastener Industry

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
COVID-19 Pandemic Fallout: US Industrial Manufacturers under Great Stress
Heavy Machinery Manufacturers in the US and other Countries Continue to Operate, Though Partially
Industry Overview
Evolutionary Journey of the US Fastener Industry
Despite Reshoring Trends, Increasing Imports Pressurizing Domestic Production
Nut, Bolt and Screw Production Back-on-Track
Alternative Joining Technologies Challenge Fasteners Significance
Aerospace Fasteners - Fastest Growing Segment
Installation of Solar PV to Fuel Fasteners Demand
Fastener Standards for Automotive Industry
Fastener Quality Act
Channels of Distribution
Market Analytics
CANADA
JAPAN
CHINA
Fastener Market: A Snapshot
Production of Metal Fasteners in China (2019E): Percentage Breakdown of Volume Production by Province/City
Patterns in Fastener Demand from Auto OEMs
Post COVID-19 Market Scenario: Chinese Industrial Fastener Market in a Capsule
Market Analytics
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
A Brief Overview
Market Analytics
SPAIN
RUSSIA
An Overview
Market Analytics
REST OF EUROPE
ASIA-PACIFIC
Market Overview
Market Analytics
AUSTRALIA
INDIA
Indian Industrial Fastener Market: An Overview
Demand and Supply
Automotive Industry to Dictate Fortunes of the Industrial Fastener Market
Fastener Consumers Turn Quality Conscious
Market Analytics
SOUTH KOREA
REST OF ASIA-PACIFIC
Taiwan’s Industrial Fastener Market - A Brief Review
Fastener Suppliers Leverage Global Market Advantages
Market Analytics
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
AFRICA

IV. COMPETITION
Total Companies Profiled: 278

Note: Product cover images may vary from those shown
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