Industrial fasteners are those used to join or connect two or more parts of an industrial assembly. They may be made of metals, plastics, or composites, and are available in a variety of shapes, sizes, and strengths. Common types of industrial fasteners include screws, nails, bolts, and rivets.
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Key Trends
There are a few key trends in industrial fasteners technology.
One is the trend toward lighter-weight fasteners. This is being driven by the need for lighter-weight products in general, as well as the need to save on shipping costs.
Another trend is the move toward more corrosion-resistant fasteners. This is driven by the need for products that can withstand more harsh environments, as well as the need for products that will not rust or corrode over time.
Finally, there is a trend toward more environmentally friendly fasteners. This is driven by the need for products that have a smaller impact on the environment, as well as the need for products that are easier to recycle.
Key Drivers
There are several key drivers of the industrial fasteners market.
First, the increasing demand for fasteners from various industries such as construction, automotive, and electronics is driving the growth of the market.
Second, the increasing need for fasteners in emerging economies such as China and India is also fueling the growth of the market.
Third, the availability of advanced technologies and materials for manufacturing fasteners is also driving the growth of the market.
Fourth, the increasing need for fasteners that can withstand extreme conditions is also driving the market.
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Market Segments
The Industrial Fasteners Market is segmented by raw material, product, application and region. By raw material, the market is divided into plastic and metal. Based on product, it is segmented into externally threaded and non-threaded. On the basis of application, automotive, aerospace and others. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Industrial Fasteners Market includes players such as Arconic Fastening Systems and Rings, Acument Global Technologies, Inc., ATF, Inc., Dokka Fasteners A S, LISI Group – Link Solutions for Industry, Nippon Industrial Fasteners Company (Nifco), Hilti Corporation, MW Industries, Inc., Birmingham Fastener and Supply, Inc. and SESCO Industries, Inc.
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Reasons to buy Industrial Fasteners Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
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• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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