?????????????
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->Report: Industrial Fasteners Market Growth At 5.3%...You are the 230724 visitors
Views:1474   |   recommendation:   |   Votes:0   |   Discuss:0
Report: Industrial Fasteners Market Growth At 5.3%


The global industrial fasteners market is expected to expand at a compound annual growth rate of 5.3% during the forecast period 2016 – 2023, exceeding $107 billion by 2023, according to a new market report published by Credence Research.

The industrial fastener market growth is expected to be “spurred by steady growth in automotive production, increasing industrial automation, and resurgence in the construction sector post economic crisis,” according to Industrial Fasteners Market.

“The steady growth in the industrial output coupled with investments made by the governments in aviation and aerospace projects is identified as the major factor driving industrial fasteners market.

“In addition, resurgence in the construction sector post economic crisis is further expected to drive demand for industrial fasteners worldwide.”

“As of 2015, Asia Pacific dominated the industrial fasteners market in terms of both revenue and unit shipments.”

Asia Pacific led the global industrial fasteners market, boosted by an “increasing inflow of foreign funds and resurgence in the manufacturing sector.”

“China is the leading exporter and producer of industrial fasteners worldwide and is presumed to register strong gains in the coming years,” according to the report.

Steady growth in the production of industrial machinery and electronic components is driving demand for fasteners in China, the report concluded.

“In addition, dedicated investments by the government in aviation and aerospace projects are also supporting demand for industrial fasteners in China.

“On the other hand, the market for industrial fasteners in North America and Europe is slowly regaining its original growth levels post bleak market conditions prevalent during economic recession.”

Key Research Takeaways:

1) Miniaturization drives demand for industrial microfasteners

2) Heightened investments in aerospace and aviation projects, industrial automation to spur demand for industrial fasteners

3) Strong recuperation in automotive and construction sector is sustaining growth in the developed economies.

4) Increasing demand for high-value titanium fasteners in aerospace applications and light weight plastic fasteners in automotives

5) Budding applications in textile and healthcare sector.

Source: Credence Research, Global Fastener News

2016/9/14 12:06:00

Previous:    US sets preliminary dumping rates on Chinese stainless steel products
        Next:    2016 Chrysler 200 Recalled for Problem With Chassis Fastener Joints

Recent Related News
Taiwan Fastener Exports Increase 2.65% in the first eight months--2017-09-30
Automotive Plastic Fastener Market Size at $3.67 Billion by 2021--2017-09-29
Japan to Impose Tax on Steel Screws Imported from China--2017-07-03
New patented tool prevents dropped fasteners--2017-06-20
Global Fastener Demand Projected to Grow 3% in 2017, According to Freedonia Industry Expert--2017-06-15
Comeback of the American Fastener?--2017-05-31
UK Hafren Fasteners Rolls out New PowerSIX Security Screw--2017-05-25
Aerospace fasteners market expected to worth 7.73 billion USD by 2021 according to new research report--2017-05-23
Bossard China Moves to New Location--2017-05-19
Thermal Zinc Diffusion Now Protects Fasteners Against Corrosion--2017-05-15
Global Industrial Fasteners Market - Insights, Opportunity Analysis, Market Shares & Forecast, 2017-2023 - Research and Markets--2017-03-24
Canadian International Trade Tribunal Amends Its Order to Exclude Certain Steel Fasteners from Mainland China and Taiwan--2017-02-23

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener4fastener

The 17th Fastener Trade Show Suzhou


China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

• M-Tech Osaka, Oct 4-6, 2017, Japan

• National Industrial Fastener & Mill Supply Expo, October 17-19, 2017, USA



Show Room



Offer Product

Latest News
• Rebound puts machinery on a roll

• Onsite, Vending Power Accelerated Growth For Fastenal In Q3

Buyers' Guide
Company News

• Handan Zhengxin Spends RMB 1.2 Billion on "High-End Fastener Production Project"

• Hebei W.T Fastener: Focus on Fastener Industry, Strive for Innovation and Development

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener