March 7, 2019 13:31 ET | Source: Report and Data Report and Data
New York, New York, United States
Increased demand in the automotive and aerospace MRO industries may drive demand for fasteners
Market size-USD 90.5 billion in 2018, market growth-compound annual growth rate of 5.4%, market trend-increasing demand for energy-saving solutions
New York, March 7, 2019 (GLOBE NEWSWIRE) - According to a new report from Reports and Data, by 2026, the global industrial fastener market is expected to reach USD 137.79 billion. The increase in demand from the production, packaging and agricultural industries is expected to drive the industrial fastener industry forward during the forecast period. The increase in government spending in the residential, industrial and commercial construction sectors, especially in the Asia-Pacific, Africa and Mexico regions, provides huge opportunities for the industrial fastener market. They are widely used in subfloors, metal roofs, decks and steel applications in the construction market. The modern agricultural industry uses a variety of machines, such as rotary disc mowers, loading trailers, powerful combine harvesters, corn harvesters, hybrid trailers, fertilizer spreaders, for soil preparation, fertilization and maintenance, harvesting, mowing, silage and The feed balers prepare all of this using fasteners in their machines. Due to changes in weather conditions and increased demand for agriculture due to increased population, the demand for these machines will increase, thereby driving the industrial fastener market.
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The further main findings of the report indicate
Click here: https://www.reportsanddata.com/report-detail/industrial-fasteners-market For the purpose of this report, the report and data provide an analysis of the global industrial fastener market based on product, application, bolt and screw type Subdivided, bolt size, surface treatment and area:
Products (revenue, millions of dollars; 2016-2026)
Application Outlook (Revenue, Million USD; 2016-2026)
Bolt and screw type outlook (revenue, millions of dollars; 2016-2026)
Bolt size outlook (revenue, millions of dollars; 2016-2026)
Complete outlook (revenue, millions of dollars; 2016-2026)
Regional Outlook (US$ million; 2016-2026)
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