Industrial Fasteners Market Size To Reach USD 104.32 Billion By 2020 : Radiant Insights,Inc
Resource from: GLOBE NEWSWIRE Likes:197
Mar 11,2016
San Francisco, March 09, 2016 (GLOBE NEWSWIRE) -- Global Industrial Fasteners Market is expected to reach USD 104.32 billion by 2020, according to a new study by Grand View Research, Inc. Increasing demand for fasteners in automotive industry coupled with growing construction spending as a result of economic growth and industrialization in emerging markets of China, Brazil, Saudi Arabia, Australia, Indonesia and India is expected to drive demand for fasteners over the next six years. Asia Pacific is expected to witness growth on account of increasing government investments in commercial aircraft & aerospace, defense and non building construction. Advanced processing technique and improved mechanical properties of fasteners is expected to serve new growth opportunities for the market. In addition, development of railroad fasteners is expected to open new market avenues for manufacturers over the next six years.
Browse Full Research Report With TOC On "Industrial Fasteners Market Analysis By Product (Externally Threaded, Aerospace Grade, Other Standard), By Application (Automotive OEM, Machinery OEM, Construction, MRO) And Segment Forecasts To 2020" at: http://www.radiantinsights.com/research/industrial-fasteners-market-analysis-by-product-externally-threaded-aerospace-grade-other-standard-by-application-automotive-oem-machinery-oem-construction-mro-and-segment-forecasts-to-2020
Externally threaded fasteners were the largest product segment and accounted for over 45% of market share in 2013. Growth can be attributed to increasing use of fasteners in the automotive OEM, machinery OEM and construction industry.
Further key findings from the study suggest:
Automotive OEM was the second largest application market accounting for over 20% of revenue share in 2013 and is expected to show significant growth over the forecast period as a result of increasing production of automobiles in China, Japan, Australia, Mexico, U.S. and India.
Construction is expected to witness swift demand growth at an estimated CAGR of 6.9% from 2014 to 2020, due to rising government funding for large scale infrastructure and residential construction in emerging markets of China, Argentina, India, Saudi Arabia and Indonesia.
Asia Pacific was the largest regional market accounting for over 30% revenue share in 2013 and is expected to witness growth at an estimated CAGR of around 7% from 2014 to 2020, owing to increasing production of motor vehicles, industrial machinery and electrical & electronic components. In addition, growing construction industry in China, Japan, India, Thailand, Australia, South Korea and Taiwan is expected to further fuel market growth.
Key market participants include Acument Global Technologies, ITW, Nifco, LISI Group, Alcoa, Standard Fasteners Ltd., Dokka Fasteners, Kova Fasteners Pvt. Ltd., Hilti, Penn Engineering, Precision Castparts Corp., EJOT, ATF Inc., Stanley Black & Decker and MW Industries Inc. Various companies are employing nanocomposite material processing technique for the production of aerospace fasteners which is anticipated to improve performance characteristics along with cost reduction.
Browse All Reports of This Category at: www.radiantinsights.com/catalog/materials
Global Industrial Fasteners Product Outlook (Revenue, USD Million, 2012 - 2020)
Externally Threaded
Aerospace Grade
Other Standard Fasteners
Global Industrial Fasteners Application Outlook (Revenue, USD Million, 2012 - 2020)
Automotive OEM
Machinery OEM
Construction
MRO
Other OEM
Download Sample Copy Of This Report At www.radiantinsights.com/research/industrial-fasteners-market-analysis-by-product-externally-threaded-aerospace-grade-other-standard-by-application-automotive-oem-machinery-oem-construction-mro-and-segment-forecasts-to-2020#tabs-4
Global Industrial Fasteners Regional Outlook (Revenue, USD Million, 2012 - 2020)
North America
Europe
Asia Pacific
RoW
Other Reports by Radiant Insights:
The Indian Pharmaceutical Market - Leading Domestic Companies 2015 –
http://www.radiantinsights.com/research/the-indian-pharmaceutical-market
The Chinese Medical Devices Market to 2025 –
http://www.radiantinsights.com/research/the-chinese-medical-devices-market
About Radiant Insights
Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy.Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.
Contact Details:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com
Web: http://www.radiantinsights.com/
(GLOBE NEWSWIRE)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
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