Global Industrial Fasteners Market Surges to $94.88 Billion in 2023, Forecasted to Reach $147.94 Billion by 2031
The global Industrial Fasteners Market size reached 94876.32 USD Million in 2023. Looking forward, MarketsGlob expects the market to reach 147940.27 USD Million by 2031, exhibiting a growth rate (CAGR) of 5.71% during 2024-2031.
In the Industry of manufacturing and construction, the global Industrial Fasteners Market is poised for significant growth in the coming years, according to the latest analysis from MarketsGlob.
In 2023, the market size for Industrial Fasteners surged to an impressive 94876.32 USD Million, marking a substantial milestone for the industry. Looking ahead, MarketsGlob anticipates a robust expansion, with expectations set to reach 147940.27 USD Million by the year 2031. This trajectory reflects a notable Compound Annual Growth Rate (CAGR) of 5.71% during the forecast period spanning from 2024 to 2031.
Details: https://marketsglob.com/report/industrial-fasteners-market/432/
Industrial Fasteners come in various types to cater to diverse industrial needs. These include Steel Type, Copper Type, and Aluminum Type fasteners, each offering specific characteristics suited to different applications.
Applications of these fasteners span across a wide range of industries, including the Automotive Industry, Electric & Electronics sector, Machinery Industry, Construction Industry, and MRO (Maintenance, Repair, and Operations) activities, highlighting their versatility and utility across different fields.
Sales channels for Industrial Fasteners encompass both Direct Channels and Distribution Channels, ensuring widespread availability and accessibility across different regions.
Geographically, the market analysis extends its coverage to key regions such as North America, Europe, Asia-Pacific, South America, and the Middle East and Africa, reflecting a global demand landscape.
Driving the growth of the Industrial Fasteners market are leading companies such as Würth, PCC, Alcoa, Araymond, LISI, STANLEY, Fontana Gruppo, Shanghai PMC (Nedschroef), NORMA, ITW, Aoyama Seisakusho, KAMAX, Agrati Group, Meidoh, NAFCO, Gem-Year, Bulten, and Boltun. Their commitment to innovation and product quality underscores the crucial role of fasteners in ensuring the structural integrity and reliability of industrial equipment and infrastructure.
Table of Content: https://marketsglob.com/report/industrial-fasteners-market/432/
