The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing demand for building activities is likely to encourage innovation in the manufacturing of industrial fasteners, propelling the market during the forecast period.

The global industrial fasteners market is expected to grow from $84.95 billion in 2022 to $90.32 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The global industrial fasteners market size is expected to reach $110.6 billion in 2027 at a CAGR of 5.2%.

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 Global Industrial Fasteners Market Segments Include:

• By Type: Externally Threaded, Internally Threaded, Non-Threaded, Aerospace Grade
• By Raw Material: Metal, Plastic
• By Application: Automotive, Aerospace, Construction, Industrial Machinery, Plumbing Products, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global industrial fasteners market in 2021.

Major Market Players in the industrial fasteners market include Arconic Corporation, Acument Global Technologies Inc., Dokka Fasteners AS, LISI Group, Nippon Industrial Fasteners Company (Nifco) Inc., Hilti Corporation, MW Industries Inc.

Product innovation is a significant trend that is gaining traction in the industrial fasteners market. To increase their market position, major companies in the industrial fasteners sector are focused on creating and marketing new innovative products. Valley Forge & Bolt, a US-based manufacturer of industrial fasteners, for example, introduced a new High Temp Maxbolt in March 2021. In crucial industries such as processing, mining, and energy, this device helps to decrease downtime, premature wear, and catastrophic joint failures. This new bolt has a high-temperature lens and an easy-to-read gauge, and it is ideal for both quick heat cycle applications and protracted high-temperature circumstances.

The Industrial Fasteners Global Market Report 2023  provides a industrial fasteners market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The industrial fasteners market forecast analyzes industrial fasteners market size, industrial fasteners market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Industrial fasteners are a large group of devices and tools used to attach two or more components/parts permanently or semi-permanently. They are strong and secure, and they are frequently employed to improve safety by joining joints.

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