According to a new market report published by Credence Research, Inc., Industrial Fasteners Market(By Application (Original Equipment Manufacturing, Construction, and Maintenance/Repair/Operation (MRO)), By Product Type (Standard Fasteners (External Threaded, Internal Threaded, and Non-Threaded), Aerospace-grade Fasteners, and Other Application-specific Fasteners)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 2023, the global industrial fasteners market is expected to expand at a compound annual growth rate of 5.3% during the forecast period 2016 2023, exceeding US$ 107.0 Bn by 2023.

Browse the full Industrial Fasteners Market (By Application (Original Equipment Manufacturing, Construction, and MRO (Maintenance/Repair/Operation)), By Product Type (Standard Fasteners (External Threaded, Internal Threaded, and Non-Threaded), Aerospace-grade Fasteners, and Other Application-specific Fasteners)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 2023 report at http://www.credenceresearch.com/report/industrial-fasteners-market

Product Insights

Fasteners are industrial products that are used to connect two or more components together. Fasteners are also used to shut a container such as a box, bag, or an envelope. Some of the commonly used industrial fasteners include bolts, screws, rivets, clips, nuts, washers, and pins. The global market for industrial fasteners is relatively matured and is expected to witness steady growth during the forecast period 2016 2023. The growth is expected to be spurred by steady growth in automotive production, increasing industrial automation, and resurgence in the construction sector post economic crisis.  

Competitive Insights

The global industrial fasteners market is highly matured and fragmented. The top four industrial fasteners manufacturers accounted for less than 45% of the global market revenue in 2015. Precision Castparts Corporation (the U.S.), Stanley Black & Decker Inc (the U.S.), Wilhelm Bollhoff GmbH & Co. KG (Germany), and Nitto Seiko Co., Ltd. (Japan) are identified as the leading industrial fasteners manufacturers. Other manufacturers including Alcoa Fastening Systems, Acument Global Technologies Inc., Illinois Tool Works Inc., Finnveden Bulten AB, FabriSteel, MacLean-Fogg Company, MNP Corp., Anixter International, LISI Group, Nucor Corp., Atlas Bolt & Screw Company, The Marmon Group LLC, and TRW Automotive have been marked as promising and emerging players in the industrial fasteners market. The global industrial fasteners market being fragmented is characterized by stiff competition with several small and large players competing to maintain their market share. In developed economies, market consolidation is a major trend as small players are merging operations with established players to leverage their resources. Furthermore, the global market for industrial fasteners is highly matured and has been marred by lack of product differentiation. This has resulted in price wars among manufacturers leading to profit crunching. Thus, focus on product enhancement is the key strategy for manufacturers. 

Key Research Takeaways:

• Miniaturization drives demand for industrial microfasteners
• Heightened investments in aerospace and aviation projects, industrial automation to spur demand for industrial fasteners
• Strong recuperation in automotive and construction sector is sustaining growth in the developed economies.
• Increasing demand for high-value titanium fasteners in aerospace applications and light weight plastic fasteners in automotives
• Budding applications in textile and healthcare sector

Browse the full Industrial Fasteners Market (By Application (Original Equipment Manufacturing, Construction, and MRO (Maintenance/Repair/Operation)), By Product Type (Standard Fasteners (External Threaded, Internal Threaded, and Non-Threaded), Aerospace-grade Fasteners, and Other Application-specific Fasteners)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 2023 report at http://www.credenceresearch.com/report/industrial-fasteners-market

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There are three major steel fasteners used in industries: stainless steel, carbon steel, and alloy steel. The major grade used in stainless steel fasteners: 200 series, 300 series, and 400 series. Titanium, aluminum, and various alloys are also common materials of construction for metal fasteners. In many cases, special coatings or plating may be applied to metal fasteners to improve their performance characteristics by, for example, enhancing corrosion resistance. Common coatings/platings include zinc, chrome, and hot dip galvanizing.

When choosing a fastener for a given application, it is important to know the specifics of that application to help select the proper material for the intended use. Factors that should be considered include:

Accessibility

Environment, including temperature, water exposure, and potentially corrosive elements

Installation process

Materials to be joined

Reusability

Weight restrictions

Source : Wikipedia

What Are the Industrial Fasteners Benefits?

INDUSTRIAL FASTENERS is a distribution /manufacturing organization offering a single source of supply of fasteners.

The Brands that we represent are world leaders in their respective industries. We provide quality products to our valued customers. Our Back Office staff and strong sales force is available to assist you in the design and product selection process.

The major initiatives of growth will be through strategic acquisitions and diversifications into new product areas which will help the company in placing itself in a position of strength in various parts of the world in supply chain management.

[Ref: indfasteners.com]

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