U.S. Markets close in 6 hrs 3 mins

Global Industrial Fastener Market, 9th Edition

LONDON, Feb. 20, 2017 /PRNewswire/ -- Demand for industrial fasteners is forecast to rise 3.6 percent per year to $83.2 billion in 2020. Growth in output of durable goods such as motor vehicles, machinery, and electrical and electronic equipment will fuel gains, particularly in industrializing countries. In addition, product prices are expected to rise along with product demand, boosting sales advances in value terms. Sales of aerospace-grade fasteners are expected to grow faster than sales of standard products.

This study addresses the following questions and more:
- Which markets hold the strongest growth prospects for industrial fasteners?
- How will the regional distribution of the global fastener market evolve?
- How are fastener producers responding to the increasing interconnectedness of global manufacturing industries?

Download the full report: https://www.reportbuyer.com/product/4708291/


Rising Output of Durable Goods Fuels Growth for Industrial Fasteners
Silver Screws and Bolts
Global demand for industrial fasteners will be driven by increased manufacturing of durable goods, such as motor vehicles, machinery, and electrical and electronic products. Particularly rapid gains are expected in China, India, and emerging economies in Southeast Asia. Rising product prices will also contribute to sales growth in value terms.

Key Findings in the Global Industrial Fasteners Study:
Motor Vehicle Production Spurs Gains
Motor vehicle manufacturing will remain the largest single market for fasteners. Strong growth in fastener demand for motor vehicles is expected in China and India, as expansion of the middle class in these massive countries provides opportunities for vehicle manufacturers. Changing vehicle design trends -- in particular, a reduction in average vehicle size -- will likely reduce the number of fasteners used per vehicle, but increased sales of high value products will offset this to an extent.

Aerospace-Grade Products Gain Market Share
Demand for aerospace-grade fasteners is projected to rise faster than that for standard fasteners, contributing to growth in average product prices. Increased activity in aerospace manufacturing worldwide will support sales for aerospace-grade fasteners. Both China and Japan are expected to introduce new aircraft models as global competition in the commercial aviation market intensifies. Proliferation of advanced manufacturing worldwide will also support gains for aerospace-grade fasteners in other markets, such as construction and other transportation equipment.

Global Fastener Production Becomes Increasingly Concentrated
Production of industrial fasteners is concentrated in a small handful of countries, with most other nations reliant on imports to meet their domestic needs. Through 2020, leading exporters such as Taiwan, Germany, and China are expected to account for increasing shares of global output. The trade surpluses of these nations will expand, while other countries will typically require increased imports to keep pace with rising demand.

Study Coverage
This Freedonia industry study analyzes the $69.6 billion global industrial fastener industry. It presents historical demand data (2005, 2010 and 2015) and forecasts (2020 and 2025) by product (standard externally threaded fasteners, standard internally threaded fasteners, standard nonthreaded fasteners, standard application-specific fasteners, and aerospace-grade fasteners), and market (manufacturing of motor vehicles, machinery, electrical and electronic equipment, fabricated metal products, aerospace equipment, and other durable goods; maintenance/repair/operations; and construction). The study also evaluates company market share and competitive analysis on industry competitors including Arconic (formerly Alcoa), Berkshire Hathaway (Precision Castparts and Marmon Holdings), Fontana Luigi, Illinois Tool Works (ITW), Link Solutions for Industry (LISI), Nifco, and Stanley Black & Decker.

Download the full report: https://www.reportbuyer.com/product/4708291/

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers


For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Tel: +44 208 816 85 48

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-industrial-fastener-market-9th-edition-300410285.html