According to the latest market research analysis on the “The Global Industrial Fastener Market has been valued at USD 81.8 billion in 2017 and has a predicted CAGR of 5.3% from 2018-2025.”, published by Reports and Data.

New York, NY -- (SBWire) -- 10/24/2018 --A new market assessment report on the Industrial Fastener market provides a comprehensive overview of the Industrial Fastener industry for the forecast period 2018 - 2025. The analytical study is proposed to provide immense clarity on the market size, share and growth rate across different regions. The profound knowledge and extensive examination of the trends from the yesteryear and future aims at offering the stakeholders, product owners, and marketing personnel a competitive edge over others operating in the Industrial Fastener market for the forecast period, 2018 - 2025.

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The major players covered in this report: Precision Castparts Corporation, Stanley Black & Decker Inc., Wilhelm Bollhoff GmbH & Co. KG, Nitto Seiko Co. Ltd, Standard Fasteners Ltd., Acument Global Technologies, Kova Fasteners Pvt. Ltd., Nifco, LISI Group, ITW, Alcoa, ATF Inc. and MW Industries Inc

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. Due to the strong recovery of the automotive and construction industry, the demand for industrial fasteners has increased in the past years. Rising demand in aerospace engineering has also helped the industry. However, there is an increasing threat of substitution from alternative joining technologies such as adhesives and introduction and implementation of high anti-dumping duties by European Union to negatively impact the market growth.

Product Insights
Externally threaded fasteners are discreet hardware components that have external threads for assembly and disassembly of parts. The most common types are bolts and screws and are the most widely used fasteners at 56.8% of the market share in 2017
The aerospace industry employs several categories of fasteners, both standard and threaded, but the main difference remains the quality. Aerospace fasteners require being both durable and lightweight to withstand high pressure and temperatures, without compromising the lift forces. The materials used in these include High performance steel, Corrosion resistant alloys, Precipitation Hardening stainless steels, and Super alloys.

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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.

Regional Insights
Asia-Pacific has dominated the overall fasteners market in terms of revenue due to industrialization in this region. China dominates the market in this region, with Taiwan coming in second. Taiwan. Increased production of industrial machinery, motor vehicles, and electrical and electronic components coupled with the renovation of infrastructure provide abundant opportunity for growth of the market in China. Government support and investments in commercial and military aircraft propelled the market demand for aerospace fasteners in the region. Japan is flourishing in the automotive fasteners market because of the automobile giants like Toyota and Suzuki.

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.

The study objectives of this report are:
# To analyze and study the global Industrial Fastener sales, value, status (2013-2017) and forecast (2018-2025);
# To analyze the top players in North America, Europe, China, Japan, Southeast Asia and India, # to study the sales, value and market share of top players in these regions.
# Focuses on the key Industrial Fastener players, to study the sales, value, market share and development plans in future.
# Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
# To define, describe and forecast the market by type, application and region.
# To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
# To identify significant trends and factors driving or inhibiting the market growth.
# To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
# To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
# To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
# To strategically profile the key players and comprehensively analyze their growth strategies.

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