Fasteners are devices which are used to mechanically join two or more components, devices or surfaces together. The commonly used fasteners include nails, screws, nut, bolts, clips, rivets, pins and washers. The basic requirements for fasteners are that they must be strong enough to handle loads and pressure, must be cost effective, easy to use, resistive to corrosion and aesthetic.
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Industrial Fasteners Market -Industrial Anlysis by Applications
1. Industrial Fasteners Market (Externally Threaded,
Aerospace Grade and Standard) for Automotive OEM,
Machinery OEM, MRO and Construction Applications -
Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2012 - 2018
Published By:
Transparency Market
Research
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2. Report Description
The global industrial fasteners market is gaining momentum on the account of the rise in construction and
maintenance activities across the globe. Increase in the demand for automobiles, specifically in emerging
economies such as Brazil, China, and India is a significant factor contributing towards the growth of the
global industrial fasteners market. The research report provides a complete picture of the global industrial
fasteners market, analyzing all the crucial market dynamics such as key drivers, major challenges, and
growth opportunities for this industry.
The market predictions coupled with other statistical data will assist existing players and new entrants into
the global industrial fasteners market in analyzing the viability of this industry. Embedded with detailed
primary and secondary research, this research report on the global market for industrial fasteners is
crucial for enterprises operating in this industry.
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3. Scope
The global market for industrial fasteners is quite mature. In 2011, this market had reached a value of
US$65.50 billion. By 2018, the market is expected to develop at a moderate pace and reach a net worth of
US$94.65 billion, growing at a CAGR of 5.4% during the period 2012 to 2018.
The demand from the European industrial fastener market followed the Asia Pacific market. By 2018, the
market for industrial fasteners in Asia Pacific will occupy around 45% of the total market share. This can be
credited to the rapid industrialization and booming automobile and construction industries in this region.
4. Key Players
Some of the key players present in the market include Alcoa Incorporated, Illinois Tool Works
Incorporated, LISI Group, NIFCO and Precision Castparts Corporation. Other prominent players include
Penn Engineering & Manufacturing Corporation, Stanley Black & Decker and ITW.
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