Industrial Fasteners Market by Product and Application - Global Industry Analysis and Forecast to 2023
Published On : February 2018 Pages : 90 Category: Advanced Materials Report Code : CM03650
Industry Outlook and Trend Analysis
The Industrial Fasteners Market was worth USD 76.23 billion in 2017 and is expected to reach approximately USD 123.41 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.50% during the forecast period. The development is in light of its expanding usage in different end-use businesses including aerospace, electronics, automotive and machinery. They are used in the production of industrial controls, furniture and consumer appliances, medical equipment, engines, and wheels and suspension system. Industrial fasteners including bolts, screws, and nuts are used to join or fix at least two objects together. These products are foreseen to witness huge demand over the up and coming a very long time as they increment the strength of the joined parts, and can be used on various types of substrates, for example, metals and plastics.
Product Outlook and Trend Analysis
Externally threaded fasteners were the predominant section and represented 58.2% of the worldwide share in 2017. They incorporate machine screws, screw & washer assembly, critical fasteners, and thread forming. Rising use of these products in machinery, automotive, construction, MRO and medical applications as it offers high resistance to rust and strong bond will animate its requirement. Aviation grade is foreseen to encounter the speediest development over the gauge time frame attributable to its expanding use in baggage racks, aircraft engines, cargo containers, cabin doors, cabin structures, bulkhead, and floor panels.
Application Outlook and Trend Analysis
Other OEM was the leading section and was esteemed at USD 20.76 billion in 2017. Other OEM applications incorporate electronics, electrical, aerospace and defence applications. Expanding R&D in the defence & aerospace division combined with rising interest for shopper hardware is foreseen to fortify product demand throughout the following years. Construction is anticipated to witness significant development over the figure time frame, because of urbanization, populace development, and government infrastructural design.
Regional Outlook and Trend Analysis
Asia Pacific is foreseen to indicate high picks up due to rising automotive industry in India, China, South Korea, Japan, Malaysia, Indonesia, and Vietnam. The developing middle-class population combined with the rising discretionary income in the district has prompted an expanding purchaser interest for passenger autos and execution motorbikes. Europe is anticipated to witness unfaltering income development in the upcoming years inferable from the steady increment underway of flying machine and execution vehicles.
Competitive Insights
The leading players in the market are Precision Castparts Corp, Standard Fasteners Ltd, Dokka Fasteners AS, Kova Fasteners Pvt. Ltd, Lisi Group, NIFCO INC, Alcoa and ITW Innovation center. These leading organizations are concentrating on increasing their presence in the global market through strategic initiatives including mergers & acquisitions.
The Industrial Fasteners Market is segmented as follows-
By Product:
- Aerospace grade
- Externally threaded
- Other standard fasteners
By Application:
- MRO
- Construction
- Automotive OEM
- Machinery OEM
- Other OEM
By Region
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- Brazil
- South Africa
- Saudi Arabia
- United Arab Emirates
- Others
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Industrial Fasteners Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
· Externally threaded
· Aerospace grade
· Other standard fasteners
· Industrial Fasteners Market , By Application, Estimates and Forecast, 2014-2023 ($Million)
· Automotive OEM
· Machinery OEM
· Other OEM
· MRO
· Construction
· Industrial Fasteners Market , By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Industrial Fasteners Market , By Country
§ North America Industrial Fasteners Market , By Product
§ North America Industrial Fasteners Market , By Application
o U.S. Industrial Fasteners Market , By Product
o U.S. Industrial Fasteners Market , By Application
o Canada Industrial Fasteners Market , By Product
o Canada Industrial Fasteners Market , By Application
o Mexico Industrial Fasteners Market , By Product
o Mexico Industrial Fasteners Market , By Application
· Europe
§ Europe Industrial Fasteners Market , By Country
§ Europe Industrial Fasteners Market , By Product
§ Europe Industrial Fasteners Market , By Application
o Germany Industrial Fasteners Market , By Product
o Germany Industrial Fasteners Market , By Application
o France Industrial Fasteners Market , By Product
o France Industrial Fasteners Market , By Application
o UK Industrial Fasteners Market , By Product
o UK Industrial Fasteners Market , By Application
o Italy Industrial Fasteners Market , By Product
o Italy Industrial Fasteners Market , By Application
o Spain Industrial Fasteners Market , By Product
o Spain Industrial Fasteners Market , By Application
o Rest of Europe Industrial Fasteners Market , By Product
o Rest of Europe Industrial Fasteners Market , By Application
· Asia-Pacific
§ Asia-Pacific Industrial Fasteners Market , By Country
§ Asia-Pacific Industrial Fasteners Market , By Product
§ Asia-Pacific Industrial Fasteners Market , By Application
o Japan Industrial Fasteners Market , By Product
o Japan Industrial Fasteners Market , By Application
o Australia Industrial Fasteners Market , By Product
o Australia Industrial Fasteners Market , By Application
o India Industrial Fasteners Market , By Product
o India Industrial Fasteners Market , By Application
o South Korea Industrial Fasteners Market , By Product
o South Korea Industrial Fasteners Market , By Application
o Rest of Asia-Pacific Industrial Fasteners Market , By Product
o Rest of Asia-Pacific Industrial Fasteners Market , By Application
· Rest of the World
§ Rest of the World Industrial Fasteners Market , By Country
§ Rest of the World Industrial Fasteners Market , By Product
§ Rest of the World Industrial Fasteners Market , By Application
o Brazil Industrial Fasteners Market , By Product
o Brazil Industrial Fasteners Market , By Application
o South Africa Industrial Fasteners Market , By Product
o South Africa Industrial Fasteners Market , By Application
o Saudi Arabia Industrial Fasteners Market , By Product
o Saudi Arabia Industrial Fasteners Market , By Application
o Turkey Industrial Fasteners Market , By Product
o Turkey Industrial Fasteners Market , By Application
o United Arab Emirates Industrial Fasteners Market , By Product
o United Arab Emirates Industrial Fasteners Market , By Application
o Others Industrial Fasteners Market , By Product
o Others Industrial Fasteners Market , By Application
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Industrial Fasteners Market, By Product
4.1. Introduction
4.2. Global Industrial Fasteners Sales, Revenue and Market Share by Product (2017-2017)
4.2.1. Global Industrial Fasteners Sales and Sales Share by Product (2017-2017)
4.2.2. Global Industrial Fasteners Revenue and Revenue Share by Product (2017-2017)
4.3. Industrial Fasteners Market Assessment and Forecast, By Product, 2017-2023
4.4. Externally Threaded
4.4.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.5. Aerospace Grade
4.5.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.6. Other Standard Fasteners
4.6.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5. Industrial Fasteners Market, By Application
5.1. Introduction
5.2. Global Industrial Fasteners Sales, Revenue and Market Share by Application (2017-2017)
5.2.1. Global Industrial Fasteners Sales and Sales Share by Application (2017-2017)
5.2.2. Global Industrial Fasteners Revenue and Revenue Share by Application (2017-2017)
5.3. The Industrial Fasteners Market Assessment and Forecast, By Application, 2017-2023
5.4. Automotive OEM
5.4.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5.5. Machinery OEM
5.5.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5.6. Other OEM
5.6.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5.7. MRO
5.7.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5.8. Construction
5.8.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
6. Industrial Fasteners Market, By Region
6.1. Introduction
6.2. Industrial Fasteners Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6.3. Global Industrial Fasteners Sales, Revenue and Market Share by Regions
6.3.1. Global Industrial Fasteners Sales by Regions (2017-2017)
6.3.2. Global Industrial Fasteners Revenue by Regions (2017-2017)
6.4. North America
6.4.1. North America Industrial Fasteners Sales and Growth Rate (2017-2017)
6.4.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.4.3. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.4.4. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.4.5. U.S.
6.4.5.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.4.5.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.4.6. Canada
6.4.6.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.4.6.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.4.7. Mexico
6.4.7.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.4.7.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5. Europe
6.5.1. Europe Industrial Fasteners Sales and Growth Rate (2017-2017)
6.5.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.5.3. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.5.4. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.5. Germany
6.5.5.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.5.5.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.6. France
6.5.6.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.5.6.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.7. UK
6.5.7.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.5.7.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.8. Italy
6.5.8.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.5.8.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.9. Spain
6.5.9.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.5.9.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.10. Rest of Europe
6.5.10.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.5.10.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6. Asia-Pacific
6.6.1. Asia-Pacific Industrial Fasteners Sales and Growth Rate (2017-2017)
6.6.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.6.3. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.6.4. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.5. Japan
6.6.5.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.6.5.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.6. China
6.6.6.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.6.6.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.7. Australia
6.6.7.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.6.7.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.8. India
6.6.8.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.6.8.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.9. South Korea
6.6.9.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.6.9.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.10. Rest of Asia-Pacific
6.6.10.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.6.10.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7. Rest of the World
6.7.1. Rest of the World Industrial Fasteners Sales and Growth Rate (2017-2017)
6.7.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.7.3. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.7.4. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.5. Brazil
6.7.5.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.7.5.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.6. Turkey
6.7.6.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.7.6.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.7. Saudi Arabia
6.7.7.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.7.7.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.8. South Africa
6.7.8.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.7.8.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.9. United Arab Emirates
6.7.9.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.7.9.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.10. Others
6.7.10.1. Market Assessment and Forecast, By Product, 2017-2023($Million)
6.7.10.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
7. Company Profiles
7.1. Alcoa, Inc.
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Strategic Developments
7.1.4. Industrial Fasteners Sales, Revenue and Market Share
7.2. Precision Castparts Corporation
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Strategic Developments
7.2.4. Industrial Fasteners Sales, Revenue and Market Share
7.3. Illinois Tool Works Incorporated (ITW)
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Strategic Developments
7.3.4. Industrial Fasteners Sales, Revenue and Market Share
7.4. Acument Global Technologies
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Strategic Developments
7.4.4. Industrial Fasteners Sales, Revenue and Market Share
7.5. ATF
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Strategic Developments
7.5.4. Industrial Fasteners Sales, Revenue and Market Share
7.6. Dokka Fasteners
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Strategic Developments
7.6.4. Industrial Fasteners Sales, Revenue and Market Share
7.7. LISI Group - Link Solutions for Industry
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Strategic Developments
7.7.4. Industrial Fasteners Sales, Revenue and Market Share
7.8. Nippon Industrial Fasteners Company (Nifco)
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Strategic Developments
7.8.4. Industrial Fasteners Sales, Revenue and Market Share
7.9. Stanley Black & Decker
7.9.1. Business Overview
7.9.2. Product Portfolio
7.9.3. Strategic Developments
7.9.4. Industrial Fasteners Sales, Revenue and Market Share
7.10. Penn Engineering
7.10.1. Business Overview
7.10.2. Product Portfolio
7.10.3. Strategic Developments
7.10.4. Industrial Fasteners Sales, Revenue and Market Share
8. Global Industrial Fasteners Market Competition, by Manufacturer
8.1. Global Industrial Fasteners Sales and Market Share by Manufacturer (2017-2017)
8.2. Global Industrial Fasteners Revenue and Market Share by Manufacturer (2017-2017)
8.3. Top 5 Industrial Fasteners Manufacturer Market Share
8.4. Market Competition Trend
List of Tables and Figures
*You can glance through the list of Tables and Figures when you view the sample copy of Industrial Fasteners Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
Supply Side |
Demand Side |
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Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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