Top Companies in Industrial Fasteners Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Industrial Fasteners Market is projected to reach a value of USD 109.5 Billion by 2028 at a CAGR of 3.90% over the forecast period.
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The Global Industrial Fasteners Market is valued at USD 87.1 Billion in 2021 and is projected to reach a value of USD 109.5 Billion by 2028 at a CAGR of 3.90% over the forecast period. Another factor contributing to this industry's expansion is the rising need for industrial fasteners, including nuts, bolts, studs, nails, screws, rivets, and washers in different sectors like construction, electronics, aerospace, and machinery.
A rising population base, increasing demand from the automotive and aerospace industries, and significant investments in the building industry drives the Global Industrial Fasteners market.
The market for industrial fasteners has an opportunity due to the recent increase in industrial automation. As a result, there is a significant demand for technologically advanced fasteners in the construction, automotive, and aerospace sectors. Industrial fasteners must adapt to the most recent developments in their respective fields of application because the prior strategy is now out of date. The newest industry trends include customized screws, testing procedures that have the technology, and alternative material options.
The Industrial Fasteners market is dominated by globally established players such as Acument Global Technologies Inc., Arconic Inc., Bulten AB, STANLEY Engineered Fastening, Fortana Group, Hilti Corporation, LISI Group, MacLean-Fogg Company, MISUMI Group Inc., Nifco Inc., Precision Castparts Corp., The SFS Group, A&G Fasteners, and SA Fasteners among others. In addition to novel designs for a solid hold, manufacturers in the industrial fasteners market concentrate on the material aspect. The latest trends in customer demand are being sought after by numerous industries. They offer cutting-edge products like nano-laminated metallic-coated fasteners to stop surface-type corrosion.
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Let’s Look at the Top Companies That are Taking the Industrial Fasteners Market by Storm
There are numerous players and a fragmented market for industrial fasteners. Due to the participation of numerous local players, the competition is anticipated to increase over the next few years.
- Acument Global Technologies Inc.:
This Company makes and distributes fastening products. The company sells threaded items, bolts, pins, screws, and studs. Acument Global Technologies serve global customers.
- Arconic Inc.:
Arconic Corp produces forgings and engineered goods. The business provides aluminium sheets, plates, and other extruded materials for industrial, automotive, aerospace, and commercial transportation applications. Arconic serves worldwide customers.
- Bulten AB:
In the European automotive industry, Bulten AB provides fasteners. The company's product line ranges from specialized, custom fasteners to essential goods tailored to individual customers. Technical development, line-feeding, logistics, material, and production know-how are all provided by Bulten.
- STANLEY Engineered Fastening:
This Company develops and produces engineered mechanical fastening services. The company's goods include the break system, lockbolt, threaded, self-piercing, and installation tools. International clients of Infastech Decorah come from the electronics, automotive, building, industrial, commercial, and aerospace sectors.
- LISI Group:
LISI (Link Solutions for Industry) is a global manufacturer of assembly components and fasteners for the aerospace, automotive, and medical implant industries. The business creates and provides high-tech devices, parts, and components for the most prominent international corporations.
- MacLean-Fogg Company:
This Company makes engineered fasteners and parts. In addition to automatic splices and bolted connectors, the company also sells hollow core insulators, surge arresters, anchors, pole line hardware, aluminum, ductile clamps, fiberglass brackets, stresses, steel fabrications, and grounding tools. Mac Lean-Fogg serves worldwide customers.
- MISUMI Group Inc.:
The Company distributes fine machinery parts via mail order. The items have different parts, like press dies, plastic moulds, automated equipment, computers and networks, and wiring. The business also offers semiconductors and supplies for restaurants, hospitals, and manufacturing facilities via mail order.
- Nifco Inc.:
NIFCO INC. creates plastic and synthetic resinous fasteners for automobiles and home appliances. The business has subsidiaries in the United States, Korea, Hong Kong, Australia, Malaysia, and Singapore.
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