New York, NY -- (SBWIRE) -- 11/25/2018 -- Industry Insights

Fasteners are used to create joints between two or more mechanical objects. The most commonly used fasteners include nails screws, nut, bolts, clips, rivets, pins, washers etc. The basic requirements for fasteners must be that they are strong enough to handle loads and pressure, must be cost effective, very easy to use, and resistant to corrosion and must combine aesthetics with function. Their applications are spread across a wide range of sectors such as automobiles, construction, electronics, machineries, industries and other everyday applications. It is primarily used in end-use industries such as automotive, aerospace, and construction for functions including spot welding, soldering, nuts & bolts, washers, screws, clips, clamps among others.

Competitive Insights

The global industrial fasteners market is extremely fragmented. The top four industrial fasteners producers accounted for around 45% of the global market revenue in 2016. Precision Castparts Corporation, Stanley Black & Decker Inc., Wilhelm Bollhoff GmbH & Co. KG and Nitto Seiko Co., Ltd. are recognized as the top industrial fasteners producers. Other prominent vendors in the market are Standard Fasteners Ltd., Acument Global Technologies, Kova Fasteners Pvt. Ltd., Nifco, LISI Group, ITW, Alcoa, ATF Inc. and MW Industries Inc. Other key players include Precision Castparts Corp., Nifco, ITW, Alcoa, Kova Fasteners Pvt. Ltd., Standard Fasteners Ltd., LISI Group, and Dokka Fasteners.

Companies have made it their aim to increase their presence in the market by using mergers and acquisitions as strategic tools.

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By Application
The use of industrial fasteners in other OEMs is the largest market segment. However demand for constructions is expected to increase due to urbanization in Asia-Pacific, and renovation and restructuring activities in North America and Europe. There's a high and rising demand for fasteners in Automobile OEM due to more disposable income being made available to consumers in India and China. Similar to the construction industry in North America and Europe, replacement and refurbishment of automobiles in this region also has expanded. Maintenance, repair and operations (MRO) is the third largest application. This is because of the shifting consumer opinion towards repair and away from replacement.

Understanding the market size
The size of the Industrial Fastener market is viewed in terms of the Share of market, Total Available Market as well as Served Available Market. Not only does the study present the combined revenue for a particular market but also the market size for a specific geographic region. Analysis of percentage or the size of the Total Available market based on the type of product, technology, regional constraints and others form an important part of the industrial fastener industry report.

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Attracting the target audience
First, the comprehensive report finds out why customers need a certain product or service. The study focuses on what problems a certain product and service can solve. Apart from target demographics industry experts weigh up on the factors including audience type, as well as others vital attributes about the target customer segment.

There are many questions the research attempts to answer:
- Who is currently purchasing your product or service worldwide?
- Who are your immediate competitors?
- What will be the price of the products and services across different continents?
- What are the trends affecting the performance of the industrial fastener market?
- What features do the customers look for when they purchase industrial fastener report?
- What problems will vendors operating in the industrial fastener market encounter?
- What needs are the prominent manufacturers trying to meet by the forecast period 2025?
- What opportunities can prominent leaders see on the horizon?
- How will the competitive landscape look like between the forecast period 2018 to 2025?

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