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Industrial Fasteners - Global Market Trajectory & Analytics

  • ID: 338431
  • Report
  • April 2021
  • Region: Global
  • 754 Pages
  • Global Industry Analysts, Inc
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.

Select Competitors (Total 322 Featured):
  • Acument® Global Technologies
  • Bulten AB
  • Earnest Machine Product Company
  • Federal Screw Works
  • Gem-Year Industrial Co., Ltd.
  • Howmet Aerospace Inc.
  • Illinois Tool Works, Inc.
  • Infasco
  • KAMAX Holding GmbH & Co. KG
  • LISI Group
  • LISI Aerospace
  • LISI Automotive
  • MacLean-Fogg Company
  • Marmon Holdings Inc.
  • Atlas Bolt & Screw Company LLC
  • MNP Corp.
  • Nippon Industrial Fasteners Company (Nifco)
  • Nitto Seiko Co., Ltd.
  • Nucor Corporation
  • Precision Castparts Corp.
  • Cherry Aerospace
  • SPS Technologies
  • STANLEY Engineered Fastening
  • Sundram Fasteners Limited
  • TR Fastenings
  • Whitesell Group
  • Wilhelm Böllhoff GmbH &
  • Co. KG
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • 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
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
  • 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
  • CANADA
  • JAPAN
  • CHINA
  • Fastener Market: A Snapshot
  • Exhibit 1: 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
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • A Brief Overview
  • SPAIN
  • RUSSIA
  • An Overview
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Market Overview
  • 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
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • Taiwan’s Industrial Fastener Market - A Brief Review
  • Fastener Suppliers Leverage Global Market Advantages
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 322
Note: Product cover images may vary from those shown
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