March 07, 2019 13:31 ET | Source: Reports And Data Reports And Data
New York, New York, UNITED STATES
Increased demand from the automotive and aviation MRO sector likely to propel demand for fasteners
Market Size – USD 90.5 billion in 2018, Market Growth - CAGR of 5.4%, Market Trends – Increase in demand for energy efficient solutions
NEW YORK, March 07, 2019 (GLOBE NEWSWIRE) -- The global industrial fasteners market is expected to reach USD 137.79 billion by 2026, according to a new report by Reports and Data. Increasing demand in the production, packaging and agriculture industry is expected to drive the industrial fasteners industry forward in the forecasted period. Increased government spending in the residential, industrial and commercial construction sector especially in the Asia pacific, African and Mexican region gives huge opportunities to industrial fasteners market. They are widely used in the construction market for subflooring, metal roofs, decking and steel applications. Modern day agricultural industry uses a number of machines such as disc rotary mowers, loading trailers, force combine, gathering machine for corn, mixing trailer, manure spreader, balers for preparation of the soil, fertilization and maintenance, harvest, mowing, ensiling and feed preparation all of them using fasteners in their machinery. Due to changing weather condition and to support increased agricultural demand due to increasing population the demand for these machines will rise giving a push to the industrial fastener market.
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Further key findings from the report suggest
Click Here: https://www.reportsanddata.com/report-detail/industrial-fasteners-market For the purpose of this report, Reports and Data have segmented global industrial fasteners market on the basis of Product, Application, Bolt and Screw type, Bolt Size, Finishes and region:
Product (Revenue, USD Million; 2016-2026)
Application Outlook (Revenue, USD Million; 2016-2026)
Bolt and Screw Type Outlook (Revenue, USD Million; 2016-2026)
Bolt Size Outlook (Revenue, USD Million; 2016-2026)
Finishes Outlook (Revenue, USD Million; 2016-2026)
Regional Outlook (USD Million; 2016-2026)
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