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U.S. Cold Headed Large Bolts Market to Reach $120.4 Mn, by 2030 at 4.8% CAGR: Allied Market Research

·6 min read

Rise in infrastructure investments in the U.S., growth in the industrial machinery manufacturing sector, and advantages of bolts manufactured with cold headed process drive the growth of the U.S. cold headed large bolts market.

PORTLAND, Ore., June 23, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "U.S. Cold Headed Large Bolts Market by Size (1 Inch, 1-1/8 Inch, and 1-1/4 Inch) and Application (Automotive, Aerospace, Construction, Industrial Machinery, and Others): Opportunity Analysis and Industry Forecast, 2021–2030". According to the report, the U.S. cold headed large bolts industry generated $75.3 million in 2020, and is anticipated to generate $120.4 million by 2030, witnessing a CAGR of 4.8% from 2021 to 2030.

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Prime determinants of growth

Rise in infrastructure investments in the U.S., growth in the industrial machinery manufacturing sector, and advantages of bolts manufactured with cold headed process drive the growth of the U.S. cold headed large bolts market. However, fluctuating costs of raw materials hinder the market growth. On the other hand, increase in demand from the automotive industry in the U.S. presents new opportunities in the coming years.

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Covid-19 Scenario

  • The outbreak of the COVID-19 pandemic has had a negative impact on the growth of the U.S. cold headed large bolts market.

  • The pandemic had halted the production facilities of the bolt industry and disrupted the supply chain, owing to the implementation of lockdown.

  • However, the market is going to recover soon in 2022 as bolt manufacturers are focusing on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.

The 1 inch segment to maintain its leadership status throughout the forecast period

Based on size, the 1 inch segment held the highest market share in 2020, accounting for nearly two-fifths of the U.S. cold headed large bolts market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 5.5% from 2021 to 2030. The 25.4 mm or 1-inch bolts made with cold headed process are extensively used in automotive applications, such as interior and exterior trim, body, and assembly systems, which in turn, boost the growth of the segment.

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The automotive segment to maintain its lead position during the forecast period

Based on application, the automotive segment accounted for the largest share in 2020, contributing to more than one-fourth of the U.S. cold headed large bolts market, and is projected to maintain its lead position during the forecast period. The demand for private and public transportation vehicles in the U.S. has expanded drastically as the population of the country has increased, which is sequentially driving the segment. However, the construction segment is expected to portray the largest CAGR of 6.3% from 2021 to 2030, owing to rise in the global population, rapid urbanization, and growth of the manufacturing sector.

Leading Market Players

  • Chase Fasteners Inc.,

  • Birmingham Fastener and Supply Inc.

  • Brunner Manufacturing Co., Inc.

  • Byora U.S.A. Corporation

  • Elgin Fastener Group

  • Fastco Industries, Inc.

  • G-Fast, Inc.

  • Grandeur Fasteners, Inc.

  • Universal Rivet Inc.

  • Valley Fastener Group, LLC

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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SOURCE Allied Market Research