Global Industrial Fasteners Market to Reach US$55 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Industrial Fasteners Market. The global market for Industrial Fasteners is forecast to reach US$55 billion by 2015. Key factors fuelling market growth include revival in motor vehicle production, increased demand from developing regions, and potential growth in construction and aerospace sectors. Demand for fasteners in the electrical and electronic sector is also on the rise. More specifically, fasteners are in high demand in the manufacture of electrical oriented products, such as lightening and wiring devices, home appliances, and industrial equipment.

Industrial Fasteners: A Global Strategic Business Report

With the global economy gradually recovering from the economic crisis, demand for industrial fasteners is projected to grow over the ensuing years. Future demand for industrial fasteners is likely to be stimulated from developing regions, including Asia-Pacific, Latin America, Eastern Europe, and the Middle East & Africa. China is forecast to register an impressive growth in demand, to rank among the world’s top three industrial fasteners markets over the coming years. By 2012, China is expected to emerge as a major market. Potential growth is also expected in Brazil and other Latin American countries, due to economic liberalization programs designed to attract external capital. Prospects are even favorable in Eastern European countries and Russia with ongoing economic transition.

The United States represents the single largest market for industrial fasteners, as stated by a new market research report on Industrial Fasteners. Europe and Asia-Pacific are the other major regions. Together, North America, Europe, and Asia accounts for a lion’s share of the global market demand. Asia-Pacific is forecast to grow at the fastest growth rate of more than 6.0% through 2015. China is one of the largest producers and exporters of fasteners in the world. Increased production of motor vehicles, industrial machinery, and electrical and electronic components and renovation of infrastructure provided ample opportunity for growth of industrial fasteners market in China. Government investments in commercial and military aircrafts and impending aerospace projects such as solar research, aerospace shuttle Shenzhou VII and scientific recoverable satellites, propelled the market demand for aerospace fasteners.

Segment-wise, Bolts represents the largest product segment. Fasteners play a vital role in determining the overall quality of a product. Non-threaded fasteners are forecast to experience the highest demand in the next few years. Automotive Industry constitutes the largest end-use market for industrial fasteners, followed by aerospace and construction. Aerospace and automotive would continue to generate bulk of the demand for industrial fasteners. With the rise in global population, construction of new homes and apartment is also expected to increase in future. Renovations, upgradations, add-ons of existing houses, apartment complexes, and other buildings also play a prominent role in this sector. In addition, the increasing construction permits also bodes well for the construction sector, and in turn for the industrial fasteners market. Fasteners used in electronic products, along with plastic fasteners and high-performance and high-end specialty designs are expected to experience the fastest growth.

Major players profiled in the report include Illinois Tool Works, Alcoa Fastening Systems, Precision Castparts, Acument Global Technologies, Earnest Machine Product Company, Emhart Teknologies, FabriSteel, Federal Screw Works, Finnveden Bulten AB, Gem-Year Industrial Co. Ltd., Hilti Aktiengesellschaft, Infasco, Infast Group Plc, Ingersoll Fasteners, KAMAX-Werke Rudolf Kellermann GmbH, LISI Group, MacLean-Fogg Company, MNP Corp., Nitto Seiko Co. Ltd., Nucor Corp, SPS Technologies LLC, Sundram Fasteners Ltd., The Marmon Group, TRW Automotive, Wilhelm Böllhoff GmbH & Co. KG, among others.

The research report titled “Industrial Fasteners: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the industrial fasteners markets; current market trends; key growth drivers; new product launches, recent industry activity, and profiles of major/niche global as well as regional market participants. The study analyzes market data and analytics in terms of value sales for the global market by the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key segments analyzed in the report include Bolts, Nuts, Screws, Rivets/Washers, and Other Industrial Fasteners. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Industrial_Fasteners_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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