The global Industrial Standard Fastener market was valued at US$ 63720 million in 2019 and it is expected to reach US$ 70230 million by the end of 2026, growing at a CAGR of 4.2% during 2021-2026.
A fastener is a hardware device that mechanically joins or affixes two or more objects together. In general, fasteners are used to create non-permanent joints; that is, joints that can be removed or dismantled without damaging the joining components. Welding is an example of creating permanent joints.
Fasteners can also be used to close a container such as a bag, a box, or an envelope; or they may involve keeping together the sides of an opening of flexible material, attaching a lid to a container, etc. There are also special-purpose closing devices, e.g. a bread clip.
Some types of woodworking joints make use of separate internal reinforcements, such as dowels or biscuits, which in a sense can be considered fasteners within the scope of the joint system, although on their own they are not general purpose fasteners.
Industrial standard fastener including nuts, bolts, and screws are used to join or fix two or more objects together. These products are expected to witness significant demand over the upcoming years as they increase the durability of the joined parts, and can be used on different kinds of substrates such as Steel, Cooper, Aluminum, etc. Steel Fasteners dominate the market with market share nearly 90%.
Fasteners are used in automotive, electric & electronics, machinery, construction, MRO and other industry. The most proportion of fasteners is used in automotive, and the market share in 2019 is nearly 24% and the proportion of electric & electronics in 2019 is about 18%
Asia Pacific is the largest consumption region of industrial standard fastener, enjoying consumption market share nearly 47% in 2019. Europe region is the second largest consumption place of industrial standard fastener, with a consumption market share nearly 25% in 2019.
Market competition is intense, the market concentration is relatively low, Würth, PCC, ITW, Alcoa, Araymond, Aoyama Seisakusho, LISI, STANLEY are the leaders of the industry, and they hold key technologies and patents, with high-end customers; Major companies rely on regional and local distributors to increase their share as well as geographical presence in the market.
Global Industrial Standard Fastener Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Industrial Standard Fastener Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Würth, Pcc, Itw, Alcoa, Araymond, Aoyama Seisakusho, Lisi, Stanley, Fontana Gruppo, Shanghai Pmc (Nedschroef), Kamax, Agrati Group, Bossard, Meidoh, Gem-Year, Nafco, Bulten, Boltun, Tr Fastening, Sundram Fasteners, Trimas, Simmonds Marshall and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Steel Industrial Standard Fastener
- Cooper Industrial Standard Fastener
- Aluminum Industrial Standard Fastener
- Other Material
Segment by Application
- Automotive Industry
- Electric & Electronics
- Machinery Industry
- Construction Industry
Table of Content:
1 Industrial Standard Fastener Market Overview
2 Industrial Standard Fastener Market Competition by Manufacturers
3 Industrial Standard Fastener Retrospective Market Scenario by Region
4 Global Industrial Standard Fastener Historic Market Analysis by Type
5 Global Industrial Standard Fastener Historic Market Analysis by Application
6 Key Companies Profiled
7 Industrial Standard Fastener Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Industrial Standard Fastener Market Dynamics
10 Global Industrial Standard Fastener Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta