Demand For Industrial Fasteners Used In Power Generation And Transmission To Increase At The Highest CAGR Of 5.6% During The Forecast Period 2021-2031

Chemical & Materials

As per a revised report published by Fact.MR, the industrial fasteners market is anticipated to surpass US$ 98 Bn in 2021 and expand at a CAGR of around 5% over the next ten years.

Fact.MR – a market research and competitive intelligence provider, analyses that industrial fastener demand is set to register strong growth owing to escalating demand from the transportation industry, especially automotive and railways. Automotive offers a wide application scenario, and every automobile consumes, on an average, nearly 50 kg to 90 kg of fasteners. A plethora of automobile manufacturers are partnering with coating & fastener manufacturers to develop custom-suited automotive fasteners

 For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=5679

Key Segments Covered in Industrial Fasteners Industry Research

  • By Material

    • Metal Industrial Fasteners
      • Steel Industrial Fasteners
      • Stainless Steel Industrial Fasteners
      • Alloy Steel Industrial Fasteners
      • Copper & its Alloys Industrial Fasteners
      • Aluminium Industrial Fasteners
      • Titanium Industrial Fasteners
      • Nickel & its Alloys Industrial Fasteners
      • Others
    • Polymer Industrial Fasteners
    • Industrial Plastic Fasteners
  • By Type

    • Screws
      • Wood Screws
      • Machine Screws
      • Thread Cutting Machine Screws
      • Sheet Metal Screws
      • Self-drilling
      • Socket Screws
      • Others
    • Nuts
      • Hexagon Nuts
      • Flange Nuts
      • Wing Nuts
      • Kep Nuts
      • Push Nuts
      • Castle Nuts
      • Coupling Nuts
      • Pal Nuts
      • Others
    • Bolts
      • Track Bolts
      • Square Bolts
      • Plow Bolts
      • Round Bolts
      • Lag Bolts
      • Aircraft Bolts
      • J-bolts
      • U Bolts
      • Shoulder Bolts
      • Elevator Bolts
      • HR Bolts
      • HV Bolts
      • Others
    • Washers
      • Lock Washers
      • Structural Washers
      • Others
    • Anchors
    • Dowel Pins
  • By Application

    • Chemical Grade Industrial Fasteners
      • Industrial Fasteners for Heat Exchangers
      • Industrial Fasteners for Exhaust Systems
      • Industrial Fasteners for Tanks and Vessels
      • Industrial Fasteners for Processing Equipment
    • Petrochemical Grade Industrial Fasteners
      • Industrial Fasteners for High Pressure Pumps & Vessels
      • Industrial Fasteners for Pumping Stations
      • Industrial Fasteners for Metering Pumps
      • Others
    • Transportation Grade Industrial Fasteners
      • Industrial Fasteners for Railways
        • Trains
        • Infrastructure
      • Industrial Fasteners for Marine
        • Decks
        • Tanks
        • Ramps
        • Bulkheads
        • Others
      • Industrial Fasteners for Automotive
    • Power Generation & Transmission Grade Industrial Fasteners
      • Renewable
        • Onshore
          • Electrical Equipment
          • Turbines
          • Motors
          • Exhaust Systems
          • Pumping Systems
          • Storage Vessels
        • Offshore
      • Non-renewable
    • Construction Grade Industrial Fasteners
      • Industrial Fasteners for Heavy-duty Machines
      • Industrial Fasteners for Construction Vehicles
    • Mining Grade Industrial Fasteners
      • Industrial Fasteners for Precious Metal Mining
      • Industrial Fasteners for Industrial Metal Mining
    • Agriculture Grade Industrial Fasteners
    • Defense Aerospace Grade Industrial Fasteners
    • Others
  • By Sales Channel

    • Online Sales of Industrial Fasteners
      • Direct to Customer Sales of Industrial Fasteners
      • Third-party Online Sales of Industrial Fasteners
    • Offline Sales of Industrial Fasteners
      • Authorized Distributors of Industrial Fasteners
      • Industrial Fasteners Sold at Garages & Workshops
      • Industrial Fasteners Sold at Specialty Stores

Competition landscape

To acquire access to untapped markets, top industrial fastener manufacturers are combining organic methods such as targeted product line extensions and geographic expansions. In addition, certain key players are employing inorganic tactics such as acquisitions to improve their existing portfolios, as well as consistent research spending.

  • LISI Aerospace collaborated with the University of Sheffield Advanced Manufacturing Research Centre and received US$ 1.34 Mn in funding from Aerospace Technology Institute to research on newer markets in the fastener industry through the usage of advanced technologies.
  • In June 2020, LISI Aerospace and Lockheed Martin signed a supply agreement for the F-35v program, with a total estimated value of US$ 60 Mn.
  • Stanley Black & Decker acquired Consolidated Aerospace Manufacturing LLC (CAM) added viable products for aerospace & defence end-users to its product portfolio.
  • Avantus Aerospace acquired Fastener Innovation Technology Corporation in 2020, to improve its overall product portfolio.
  • Moreover, Birmingham Fasteners announced the acquisition of Steel City Bolt in 2021, which would increase the company’s local manufacturing capabilities and help its customer with their fastener needs suited to diverse applications.

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