Increasing Demand from Infrastructure and Construction to Propel Global Industrial Fasteners Market to US$94.6 Bn by 2018
Resource from: SBWIRE Likes:297
Jan 05,2016
Albany, NY -- (SBWIRE) -- 01/04/2016 -- The global industrial fasteners market is progressing at a CAGR of 5.40% between 2012 and 2018. The market was valued at US$65.5 bn in 2011 and is expected to reach US$94.6 bn, according to a research report added to the database of Market Research Reports Search Engine (MRRSE) on the chemicals and materials industry. The report is titled "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".
According to the report, the primary driver of the global industrial fasteners market is the increase in demand from the sectors of maintenance, construction, and infrastructure development. The booming construction sector in emerging economies and Europe is currently one of the biggest drivers for the global industrial fasteners market.
Browse Full Global Industrial Fasteners Market Report with TOC : http://www.mrrse.com/industrial-fasteners-market
The report projects the construction sector to be progressing at a 9% CAGR in the given forecast period, as an end-use segment for the global industrial fasteners market.
Another driver that has greatly influenced the global industrial fasteners market is the growing automotive industry. The increase in demand for automobiles is expected to further drive the requirement of industrial grade fasteners.
In terms of application segments, the global industrial fasteners market was dominated by OEMs in 2011, when the segment held more than 30% of the market. The report, however, states that the global industrial fasteners market is expected to be led by the construction sector in the future, owing to its rapid growth rate and high demand for fasteners. This growth in demand is prominent in Asia Pacific, where nations such as India and China are in the midst of rapid industrialization.
The largest product segment of the global industrial fasteners market for 2011 was externally threaded fasteners, which held 45% of the market. This segment is expected to continue to lead the market owing to its versatility of use in the rapidly growing application segments of durable goods, automobiles, construction, domestic machines, and other OEM segments.
The global industrial fasteners market was led by Asia Pacific in 2011, with a market share of 40%. This region has shown exceptional growth in the market due to its rate of industrialization. Economies in Asia Pacific are also improving, leading to a larger consumer base with disposable income. This has created a greater scope of growth for the durable goods segment.
The global industrial fasteners market is a highly competitive field with a fragmented nature when it comes to market players. The top five companies in the market hold only 15% of the global industrial fasteners market. The top five companies, as listed in the report, are NIFCO, Precision Castparts, LISI Group, Alcoa Incorporated, and Illinois Tool Works Incorporated.
Request a Free Sample Copy of the Report @ http://www.mrrse.com/sample/631
Other players in the global industrial fasteners market that own noteworthy shares are ITW, Penn Engineering & Manufacturing Corporation, and Stanley Black & Decker.
About Market Research Reports Search Engine
Market Research Reports Search Engine (MRRSE) is an industry-leading database of market intelligence reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE's repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
(SBWIRE)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Previous TPI and Vestas Sign Wind Blade Supply Agreement for Turkey
Next Fastenal Company Announces Conference Call to Review 2015 Annual and Fourth Quarter Earnings
Next Fastenal Company Announces Conference Call to Review 2015 Annual and Fourth Quarter Earnings
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
