What is Global Industrial Bolt (Fastener) Market?
The Global Industrial Bolt (Fastener) Market is a vast and dynamic sector that encompasses a wide range of products used in various industries. These bolts, also known as fasteners, are essential components used to hold or fasten two or more objects together. They come in different shapes, sizes, and materials, each designed to meet specific industrial requirements. The market for these fasteners is global, meaning they are produced and sold worldwide. The demand for these bolts is driven by various factors, including the growth of the manufacturing sector, construction activities, and the need for maintenance, repair, and operations (MRO) in various industries.
Half Screw Bolt, Full Screw Bolt in the Global Industrial Bolt (Fastener) Market:
In the Global Industrial Bolt (Fastener) Market, there are two main types of bolts: half screw bolts and full screw bolts. Half screw bolts have threads that do not extend the full length of the bolt, while full screw bolts have threads that run the entire length. Each type has its own unique applications and advantages. Half screw bolts are typically used in applications where one side of the bolted joint is blind, while full screw bolts are used when both sides of the joint are accessible. The choice between the two depends on the specific requirements of the application.
Automotive, Machinery, Construction, MRO, Other in the Global Industrial Bolt (Fastener) Market:
The Global Industrial Bolt (Fastener) Market serves a wide range of industries, including automotive, machinery, construction, MRO, and others. In the automotive industry, these bolts are used in the assembly of vehicles, from securing engine components to fastening body parts. In the machinery industry, they are used to assemble and maintain various types of machines. In the construction industry, these bolts are used in the erection of buildings and other structures. In the MRO sector, they are used for maintenance, repair, and operations of various equipment and facilities. Other industries that use these bolts include aerospace, electronics, and furniture manufacturing.
Global Industrial Bolt (Fastener) Market Outlook:
Looking at the market outlook for the Global Industrial Bolt (Fastener) Market, it's clear that this is a growing industry. In 2022, the market was valued at US$ 73770 million. This figure is expected to increase to US$ 94470 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period from 2023 to 2029. This growth is driven by various factors, including the increasing demand for these bolts in various industries, technological advancements in bolt manufacturing, and the growth of the global economy.
| Report Metric | Details |
| Report Name | Industrial Bolt (Fastener) Market |
| Accounted market size in 2023 | US$ 76760 million |
| Forecasted market size in 2029 | US$ 94470 million |
| CAGR | 3.5 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Fastenal, KAMAX, Arconic (Alcoa), Acument, Infasco, Dokka Fasteners, Marmon, Gem-Year, Stanley Black & Decker, LISI Group, CISER, Sundram Fasteners, Nucor Fastener, TR Fastenings, Tianbao Fastener, Cooper & Turner, ATF, XINXING FASTENERS, Ganter, Nitto Seiko, Oglaend System, Penn Engineering, AFI Industries |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
