Global Industrial Fasteners Market is Expected to Reach USD 94.65 Billion in 2018: Transparency Market Research

 Global Industrial Fasteners Market is Expected to Reach USD 94.65 Billion in
                      2018: Transparency Market Research

  PR Newswire

  ALBANY, New York, July 31, 2013

ALBANY, New York, July 31, 2013 /PRNewswire/ --

According to a new report published by Transparency Market Research (
http://www.transparencymarketresearch.com ) " Industrial Fasteners Market
(Externally Threaded, Aerospace Grade and Standard) for Automotive OEM,
Machinery OEM, MRO and Construction Applications  -  Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 , " the global
demand for industrial fasteners was valued at USD 65.50 billion in 2011 and is
expected to reach USD 94.65 billion in 2018, growing at a CAGR of 5.4% from
2012 to 2018.

Browse the full report at
http://www.transparencymarketresearch.com/industrial-fasteners-market.html

Fasteners form a vital part of any structure as they help in joining two or
more components together. Economic development in countries such as China,
Brazil and India has led to a rise in disposable income of consumers which in
turn has resulted in growing demand for automobiles. This factor is expected
to be one of the primary reasons driving the growth of the market. In
addition, rise in construction and maintenance activities all across the world
is expected to be an important factor which will boost the demand for
fasteners over the forecast period. However, imposition of high anti-dumping
duties by the European Union is expected to hamper growth of the fasteners
market. Development of fasteners which are customized for niche application
segments such as railways and solar equipment is expected to open
opportunities for the growth of the market within the forecast period.

Externally threaded industrial fastener was the largest product segment,
accounting for over USD 25 billion in 2011. This product segment is expected
to show the fastest growth in the near future on account of rapid
industrialization and rising demand for durable goods.

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Other OEM segments such as electronic and electrical, fabricated metal
products and aerospace equipments were the largest application segments of
fasteners and accounted for over 30% of the demand in 2011. However, demand
for fasteners is expected to be highest from construction on account of the
rising construction and maintenance activities worldwide. The construction
application segment is expected to grow at a CAGR of over 9% from 2012 to
2018. Automotive OEM sector is expected to show above average growth within
the forecast period.

Asia Pacific accounted for the highest demand for industrial fasteners in 2012
and is expected to account for over 45% of the market by 2018. The trend is
expected to continue over the next six years due to factors such as rapid
industrialization and favorable economic conditions, which is expected to
boost the demand for durable goods and other manufacturing and development
activities.

Key participants in the industrial fasteners market include Alcoa
Incorporated, Illinois Tool Works Incorporated, LISI Group, NIFCO and
Precision Castparts Corporation among others. The report profiles the above
mentioned companies along with a detailed market share analysis.

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The report gives a comprehensive view of the industrial fasteners market in
terms of revenue. In addition, the report includes demand forecast for each
product segment and application in North America, Europe, Asia Pacific and
Rest of the World. The report comprises of the following segments:

Industrial Fasteners Market: Product Segment Analysis,

  *Externally threaded
  *Aerospace grade
  *Standard

Industrial Fasteners Market: Application Analysis,

  *Automotive OEM
  *Machinery OEM
  *MRO
  *Construction
  *Other OEM

The report provides a cross-sectional analysis of all the above product
segment and application segments with respect to the following regions:

  *North America
  *Western Europe
  *Asia Pacific
  *Rest of the World

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