Industrial Fasteners Market Global and India (2018-2023) Share based on Application(Construction, Engineering, Automotive Others) and Product (High Tensile Fastners, Mid Steal Fastners)

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  • Global industrial fasteners market

    Fasteners are generally used to join the different parts of items by using nuts and bolts, washers, screws, clips, clamps and other products. The global industrial fasteners industry is considered to be highly fragmented and is competitive in nature, with small and large scale manufacturing companies operating in the United States, China, Japan, Germany, and India.

    The market is expected to reach a value of INR 7,706 Bn by 2023, expanding at a CAGR of ~6.5% from 2018. Rising demand for fasteners in the automotive industry, coupled with an increase in construction and manufacturing spending in emerging countries like China, Brazil, Saudi Arabia, Australia, Indonesia and India, is expected to drive the demand for industrial fasteners during the forecast period.

    Asia-Pacific was the largest market for fasteners in 2017, accounting for a major share of the fasteners manufactured globally. The major reason for this growth can be attributed to the increasing number of construction activities and growing automobile manufacturing in countries like China and India. Europe is one of the largest markets for industrial fasteners apart from being the second largest industrial fasteners manufacturing region in the world. However, lack of product differentiation and elasticity of prices of raw materials such as alloys, stainless steel and copper are hindering the growth of the market.

    Precision Castparts Corporation, Stanley Black & Decker Inc., Wilhelm Böllhoff GmbH & Co. KG and Nitto Seiko Co. Limited, are the top four industrial fasteners manufacturing companies.

    India industrial fasteners market

    Owing to its application in diverse sectors, a wide range of fasteners are manufactured in the Indian market, which include exhaust bolts, balance wheel bolts, standard hexagon screws/bolts, socket head cap screws, socket shoulder screws, weld nuts, square nuts, hexagon nuts, self-tapping screws and others. With help from the Indian government’s ‘Make in India’ initiative, the Indian manufacturing sector is expected to generate huge demand for the industrial fasteners market.

    The Indian industrial fasteners market is expected to reach a value of INR 460 Bn by 2023 expanding at a CAGR of ~9.6% from 2018. Fastener companies usually sell their products in India through various distribution channels - distributors, direct dealers, online channels and industrial events. De-licensing of the industry is facilitating the entry of major global manufacturers in the Indian market. The majority of fasteners that were imported by India in FY 2018 was other screws and bolts, whether or not with their nuts or washers followed by other non-threaded articles and threaded nuts.


    Market segmentation

    The Indian industrial fasteners market is segmented on the basis of application, product type and the organization of the market. The Indian automotive sector is expected to be the largest consumer of industrial fasteners, accounting for a major share of the market by 2023. This will be because of owing to increased automotive manufacturing in the country. It is followed by the construction and the engineering sector.

    High-tensile fasteners are mainly used in the construction and engineering sector, whereas mild steel fasteners are used in manufacturing automobiles. Currently, there has been a shift in preference of manufacturing fasteners by using stainless steel, iron, brass, aluminium, nickel and plastics and composites.

    Key growth factors

    o Increasing sale of automobiles in India is significantly driving the growth of the auto ancillary market in the country, including automobile sector-specific fasteners. Growing usage of fasteners for manufacturing automotive parts such as engines, chassis, moulding, suspension system and wheels among others, is expected to drive the growth of the Indian industrial fasteners market during the forecast period.

    Threats and key players

    o Spurious and low quality fastener affect longevity adversely, and may result in accidents with catastrophic consequences

    o The price of steel in India is influenced by demand-supply forces and international prices. The increasing prices of raw materials like these, which are used in the manufacture of industrial fasteners, reduce profitability.

    o Lakshmi Precision Screws Limited, Sundram Fasteners Limited, KOVA Fasteners Private Limited, and Precision Castparts Corporation Fasteners are some of the major players that are operating in the Indian industrial fasteners market.

    What’s covered in the report

    1. Overview of the global industrial fasteners market

    2. Historical, current and forecasted market size data for the global industrial fasteners market (2017 to 2023)

    3. Qualitative analysis of the global industrial fasteners market and its segments [by application - construction, engineering (including machinery used in manufacturing activities), automotive and others (including oil refinery, chemicals, MRO activities), region-wise manufacturing split - Asia-Pacific, Europe, North America, and other regions (includes Africa and Latin America)]

    4. Qualitative analysis of the major drivers and challenges affecting the global industrial fasteners market

    5. Overview of the Indian industrial fasteners market

    6. Historical, current and forecasted market size data for the Indian industrial fasteners market (2017 to 2023)

    7. Qualitative analysis of the India industrial fasteners market and its segments [by application - construction, engineering, automotive and others (including chemical, oil refinery, solar industry, and textile machinery) by product-type (High Tensile Fasteners and Mild Steel Fasteners)]

    8. Overview of steel bolt, high tensile nut and manufacturing process

    9. Trade analysis of Indian industrial fasteners market

    10. Major industrial fasteners manufacturing clusters overview

    11. Qualitative analysis of the major drivers and challenges affecting the market

    12. Analysis of the competitive landscape and profiles of major players operating in the market

    Why buy

    1. Get a broad understanding of the global and Indian industrial fasteners market, the dynamics of the market and its current state

    2. Strategize marketing, market-entry, market expansion and other business plans by understanding the factors driving growth in the market

    3. Be informed regarding the key developments in the industrial fasteners market in India

    4. Understand major competitors’ business strategies and market dynamics, and respond accordingly to benefit from the market

    Customizations Available

    With the given market data, Netscribes offers customizations according to specific needs. Write to us at support@researchonglobalmarkets.com.

     

  • With tables and figures helping analyze worldwide Industrial Fasteners market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

    Chapter 1: Executive summary
    Chapter 2: Socio-economic indicators
    Chapter 3: Introduction
    3.1. Industrial fasteners market definition and structure
    Chapter 4: Global industrial fasteners market
    4.1. Industrial fasteners market overview
    4.2. Industrial fasteners market size and growth forecast - by value
    4.3. Porter’s Five Forces Analysis
    Chapter 5: Global industrial fasteners market segmentation
    5.1. Application-wise percentage split
    o Construction
    o Engineering (including machinery used in manufacturing activities)
    o Automotive
    o Others (including oil Refinery, Chemicals, MRO activities)
    5.2. Region-wise manufacturing split
    o Asia-Pacific
    o Europe
    o North America
    o Other regions (includes Africa and Latin America)
    Chapter 6: Key growth drivers of the market
    Chapter 7: Key deterrents to the growth of the market
    Chapter 8: India industrial fasteners market
    8.1. Industrial fasteners market overview
    8.2. Industrial fasteners market size and growth forecast - by value
    8.3. Porter’s Five Forces Analysis
    Chapter 9: India industrial fasteners market segmentation
    9.1. Application-wise percentage split
    9.1.1. Construction sector - value-wise usage
    9.1.2. Engineering sector- value-wise usage
    9.1.3. Automotive sector - value-wise usage
    9.1.4. *Other sectors - value-wise usage
    9.2. Product-wise percentage split
    o High Tensile Fasteners
    o Mild Steel Fasteners
    9.3. Organized vs unorganized market percentage split
    Chapter 10: Manufacturing process - overview
    o Steel Bolt
    o High Tensile Nut
    Chapter 11: Major manufacturing clusters - overview
    Chapter 12: Trade analysis
    12.1. Export of industrial fasteners
    o Value-wise
    o Country-wise
    o Value-wise export segmentation
    12.2. Import of industrial fasteners
    o Value-wise
    o Country-wise
    o Value-wise import segmentation
    Chapter 13: Key growth drivers of the market
    Chapter 14: Key deterrents to the growth of the market
    Chapter 15: Competitive landscape
    15.1. Lakshmi Precision Screws Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    o Financial snapshot (total income and net profit/loss)
    o Key ratios
    o Business segments, geographical segments
    15.2. Sundram Fasteners Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    o Financial snapshot (total income and net profit/loss)
    o Key ratios
    o Business segments, geographical segments
    15.3. Sterling Tools Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    o Financial snapshot (total income and net profit/loss)
    o Key ratios
    o Business segments, geographical segments
    15.4. ACME Fasteners Private Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    15.5. A Raymond Fasteners India Private Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    15.6. Kundan Industries Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    15.7. KOVA Fasteners Private Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    15.8. RBM Industries
    o Corporate information
    o Business description
    o Products and services
    o Key people
    15.9. Nifco India Private Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    15.10. Precision Castparts Corporation Fasteners
    o Corporate information
    o Business description
    o Products and services
    o Key people
    Chapter 16: Appendix
    Please note that due to the dynamic nature of the market, we believe in frequent updation to ensure that we provide the latest figures and relevant insights. Therefore, this table of contents is subject to change as the research progresses. The final report may require 4-5 working days post-confirmation in order to incorporate the most recent updates.

     

  • The Industrial Fasteners Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
      By Regions:
        By Type:
          By Application:
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          Research objectives

          Where will all these developments take the industry in the long

          To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

          What are the future opportunities in the market?

          To understand the structure of Market by identifying its various subsegments.

          What are the major driving forces expected to impact the development of the market market across different regions?

          To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

          Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

          To project the consumption of market submarkets, with respect to key regions.

          Who are the major driving forces expected to decide the fate of the industry worldwide.

          To strategically profile the key players and comprehensively analyze their growth strategies.

          What are the key barriers and threats believed to hinder the development of the industry?

          To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

          Who are the prominent market players making a mark in the market with their winning strategies?

          To share detailed information about the key factors influencing the growth of the market

          What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

          Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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