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Industrial Fasteners Market Size to Reach $121.02 Billion by 2026 Driven by Increasing Investment in Product R&D, says Fortune Business Insights™

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Pune, May 12, 2020 (GLOBE NEWSWIRE) — The global industrial fasteners market size is projected to reach USD 121.02 billion by the end of 2026. The increasing industrialization will bode well for the companies operating in this market. According to a report published by Fortune Business Insights, titled “Industrial Fasteners Market Size, Share & Industry Analysis, By Material (Metal Fasteners, and Plastic Fasteners), By Product (Externally Threaded, Internally Threaded, Non-Threaded, and Aerospace Grade), By Application (Automotive, Aerospace, Building & Construction, Industrial Machinery, Home Appliances, Lawns & Gardens, Motors & Pumps, Furniture, and Others), and Regional Forecast, 2019-2026,” the market was worth USD 80.36 billion in 2018 and will exhibit a CAGR of 5.3% during the forecast period, 2019-2026.Worldwide COVID-19 Impact Analysis:The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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Industrial fasteners are used in construction and assemble processes across several industry verticals. The product is similar to bolts, but possesses much better properties. It has corrosion resistance, a primary reason why it is preferred over its alternatives. The rapidly rising industrialization will create several opportunities for the growth of the market in the coming years. The increasing building and construction activities will fuel the demand for the product, subsequently aiding the growth of the overall market.Variations in product offerings have allowed applications in diverse industries. The growing demand for the product has attracted several large scale investors and numerous market entrants. The ease of availability of material used in manufacture of industrial fasteners will emerge in favor of market growth. Moreover, factors such as cost-effectivity and product durability as well as increased reliability will contribute to the growth of the overall market in the forthcoming years.Increasing Number of Company Collaborations Will Aid Market GrowthThe report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers and collaborations has made the highest impact on the growth of the market. In June 2019, TriMas Aerospace announced that it has entered into a strategic partnership with Safran and Sonaca. Through this collaboration, the company will look to expand its global customer base and subsequently boost its businesses across the world.The company also plans to increase its production capacity of blind fasteners, thereby strengthening its footprint in the market. Trimas’ collaboration with Safran and Sonaca will not just benefit the companies, but will also influence the growth of the overall market in the forthcoming years. The report includes a few of the other factors that have influenced the growth of the market in recent years.
 Browse Summary of This Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/industrial-fasteners-market-102732

Asia Pacific Held the Highest Market Share; Presence of Several Large Scale Companies to Aid GrowthThe report analyzes the ongoing industrial fasteners market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in Asia Pacific currently holds the highest industrial fasteners market share. The increasing rapidly rising industrialization, coupled with the increasing building and construction activities in several countries such as India, China, and Japan will aid the growth of the regional market.Besides Asia Pacific, the market in North America will also witness considerable growth in the coming years driven by increasing demand for the product across diverse industries. The presence of several large scale companies has emerged in favor of the growth of the regional market. As of 2018, the market in North America was worth USD 20,695.1 million and this value is likely to increase further in the coming years.
List of the Key Companies Operating in the Industrial Fasteners Market are:
ArconicATF Inc.NifcoMW Industries, Inc. (MWI)LISI Group – Link Solutions for IndustrySesco Industries, Inc.Birmingham Fastener and Supply Inc.BPFElgin Fastener GroupEastwood ManufacturingOther Key Players
Industry Developments:December 2019: Shimtech Industries announced that it has completed the acquisition of Fastener Technology Corp.,. The company is a supplier of specialty high strength fasteners.
Quick Buy – Industrial Fasteners Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102732

Detailed Table of Content:1.       Introduction1.1.    Research Scope1.2.    Market Segmentation1.3.    Research Methodology1.4.    Definitions and Assumptions2.       Executive Summary3.       Market Dynamics3.1.    Market Drivers3.2.    Market Restraints3.3.    Market Opportunities4.       Key Insights4.1.    Key Emerging Trends – For Major Countries4.2.    Key Developments: Mergers, Acquisition, Partnership, etc.4.3.    Latest Technological Advancement4.4.    Insights on Regulatory Scenario4.5.    Porters Five Forces Analysis5.       Global Industrial Fasteners Market Analysis, Insights and Forecast, By Material, 2015-20265.1.    Key Findings / Summary5.2.    Market Analysis, Insights and Forecast – By Material5.2.1.       Metal Fastener5.2.2.       Plastic Fastener6.       Global Industrial Fasteners Market Analysis, Insights and Forecast, By Product, 2015-20266.1.    Key Findings / Summary6.2.    Market Analysis, Insights and Forecast – By Product6.2.1.       Externally Threaded Fasteners6.2.2.       Internally Threaded Fasteners6.2.3.       Non-Threaded Fasteners6.2.4.       Aerospace Grade Fasteners7.       Global Industrial Fasteners Market Analysis, Insights and Forecast, By Application, 2015-20267.1.    Key Findings / Summary7.2.    Market Analysis, Insights and Forecast – By Application7.2.1.       Automotive7.2.2.       Aerospace7.2.3.       Building & Construction7.2.4.       Industrial Machinery7.2.5.       Home Appliances7.2.6.       Lawns & Gardens7.2.7.       Motors & Pumps7.2.8.       Furniture7.2.9.       Others8.       Global Industrial Fasteners Market Analysis, Insights and Forecast, By Region, 2015-20268.1.    Key Findings / Summary8.2.    Market Analysis, Insights and Forecast – By Region          8.2.1.       North America          8.2.2.       Europe          8.2.3.       Asia Pacific          8.2.4.       Latin America          8.2.5.       Middle East & Africa
TOC Continued…!Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/industrial-fasteners-market-102732
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Aluminum Composite Panels Market Size, Share & Industry Analysis, By Product (Polyvinylidene Difluoride, Polyester, Laminating Coating, Oxide Film, and Others), By Application (Building & Construction, Advertising Boards, Automotive, By Vehicle {Cars, By Parts [Doors, Hoods, Wings, Side Panels, and Others], Commercial Vehicles, and Trailers}, Railways, and Others), and Regional Forecast, 2019-2026

 About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:
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