SAN FRANCISCO, May 13, 2021 A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Industrial Fasteners – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 16; Released: May 2021
Executive Engagements: 11345
Companies: 345– Players covered include Acument® Global Technologies; Bulten AB; Earnest Machine Product Company; Federal Screw Works; Gem-Year Industrial Co., Ltd.; Howmet Aerospace Inc.; Illinois Tool Works, Inc.; Infasco; KAMAX Holding GmbH & Co. KG; LISI Group; LISI Aerospace; LISI Automotive; MacLean-Fogg Company; Marmon Holdings Inc.; Atlas Bolt & Screw Company LLC; MNP Corp.; Nippon Industrial Fasteners Company (Nifco); Nitto Seiko Co., Ltd.; Nucor Corporation; Precision Castparts Corp.; Cherry Aerospace; SPS Technologies; STANLEY Engineered Fastening; Sundram Fasteners Limited; TR Fastenings; Whitesell Group; Wilhelm Böllhoff GmbH & Co. KG and Others.
Coverage: All major geographies and key segments
Segments: Raw Material (Metal, Plastic); Product Type (Externally Threaded, Internally Threaded, Non Threaded, Aerospace Grade); Application (Automotive, Industrial Machinery, Aerospace, Building & Construction, Home Appliances, Motors & Pumps, Plumbing Products, Lawn & Garden, Other Applications)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Africa.
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Global Industrial Fasteners Market to Reach $87.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Industrial Fasteners estimated at US$69.5 billion in the year 2020, is projected to reach a revised size of US$87.3 billion by the year 2026, growing at a CAGR of 4.2% over the analysis period. Metal Fasteners, one of the segments analyzed in the report, is projected to record 4% CAGR and reach US$80.4 billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Plastic segment is readjusted to a revised 5.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $11.8 Billion in 2021, While China is Forecast to Reach $19.5 Billion by 2026
The Industrial Fasteners market in the U.S. is estimated at US$11.8 billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.5 billion by the year 2026 trailing a CAGR of 5.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.
Plastic Fasteners Market Segment to Reach $11.3 Billion by 2026
Global market for Plastic Fasteners segment is estimated at US$8.4 Billion in 2020, and is projected to reach US$11.3 Billion by 2026 reflecting a compounded annual growth rate of 5.5% over the analysis period. Europe constitutes the largest regional market for Plastic segment, accounting for 24.7% of the global sales in 2020. China is poised to register the fastest compounded annual growth rate of 7.5% over the analysis period, to reach US$2.5 Billion by the year 2027.
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