Industrial Fasteners Market Analysis

Material Type (Metals, Plastics)

The metals segment in the industrial fasteners market is attributed to holding the largest share of 58% by the end of 2037. This can be propelled by the increase in freight train traffic throughout the world, because of its improved resistance and mechanical strength which are employed on railway networks. For example, from 1 bn tons in 2017, the world's freight traffic is projected to increase to 3 bn tons by 2030.

Industry (Automotive, Aerospace, Food Processing, Construction, Marine & Offshore, Power Generation, Nuclear Power Plants, Oil & Gas, Home Appliances, Paper & Pulp Processing)

The automotive segment is projected to hold the most significant share of 39% by the end of the forecast period. In the production of passenger cars, car manufacturers prefer to use industrial fasteners which are made from solid steel, iron, nickel, aluminum, plastic, and brass. Also, a key factor that has contributed to segment growth and revenue generation is the increase in the production of motor vehicles as well as increasing use of electronics in automobiles coupled with greater emphasis on producing lighter vehicles.

Our in-depth analysis of the global industrial fasteners market includes the following segments: