Industrial Fasteners Market Share

APAC Market Forecast

In the Asia Pacific industrial fasteners market is projected to hold the largest revenue share of 38% by the end of 2037. The presence of a strong manufacturing network in the region, increased production of industrial fasteners as well as an increasing export of these fasteners has contributed to this growth in the region. Moreover, from January to September 2021, China exported 3.5 million tonnes of fasteners, up by 19.5% compared with the same period last year. The expansion of industries such as automobiles, industry machinery, electronics, and building is projected to increase the demand for fasteners in a variety of applications based on emerging trends in the Asia Pacific region's economy.

North American Market Statistics

The North America region is projected to hold a 25% of the global industrial fasteners market share during the forecast period. One of the main factors for market growth in North America is considered to be its high rate of industrial fasteners consumption, given that this region has an extensive manufacturing base. In addition, the use of automobile fasteners is expected to have a positive impact on industrial fasteners sales over the next few years due to increased demand for electric vehicles, and trucks in the United States.