• Fasteners Market Intelligence | Analysis, Trends, Forecast, Outlook

Fasteners Market Description

The global market for fasteners will be driven by automotive, electrical, electronics, aerospace, and the recovery of construction and industrial activity across majority demand regions such as North America, Western Europe, and the APAC. In addition to this, the APAC is anticipated to remain the fastest growing sector for fastener demand, followed by North America. Countries such as China, India, South Korea, Brazil, Thailand, and Saudi Arabia are expected to be the key demand areas which support the overall growth in the market for fasteners.

The report also provides a descriptive industries analysis of the global market for fasteners, along with Porter’s five forces analysis on factors such as supplier power, buyer power, barriers to new entrants, the intensity of rivalry, and the threat of substitutes. It also provides an overview of industry drivers and constraints followed by a comprehensive analysis of suppliers such as ITW, Precision Castparts Corp., Alcoa, NIFCO, Stanley Black & Decker. It also explores different cost factors impacting the market, such as cost driver analysis of electricity and steel.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Market Size and Trend
Regional Market Snapshot- North america, Westren Europe, APAC
Key Global Supplier Profiles
Cost Breakup: Industrial Fasteners

Fasteners Market Trend, Analysis & Forecast

Category Intelligence on Fasteners covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

Global Market Outlook on Fasteners

Expected recovery of construction and industrial activity across major economies will potentially drive the demand for metals, thereby supporting the growth in the fasteners market
APAC is likely to remain the fastest growing region for fastner demand followed by North America

fastners-global-market-size

Market Size and Trend

Global Market Outlook:The global market for industrial fasteners is estimated at $80 billion in 2016 and the same is expected to grow at a CAGR of 5–6 percent to reach $95 billion by 2019
Key Market Drivers: The global market for industrial fasteners is expected to be driven by the increased activities in automotive, electrical and electronics, aerospace and industrial machineries markets
Regional Outlook: The APAC will have the highest demand for standard fasteners in the coming years, due to an increase in demand for maintenance and repairs activities, increased construction activities, and automotive industry growth. However, regions, such as the EU and North America, will witness a comparatively higher demand for aerospace grade fasteners

Industry Drivers and Constraints

Growth in the automotive and construction industry acts as a major driver for this sector
Growth in the heavy engineering sector will add fuel to the market

Drivers

Increase in automotive and construction industry:

The increase in industrialization and urbanization, especially in the emerging markets, will drive the fasteners industry. Construction industry, along with the automotive sector, will progress, primarily driven by the industrialization and urbanization, this will drive the demand for fasteners in these sectors
China, India, South Korea, Brazil, Thailand and Saudi Arabia are expected to be the key demand areas supporting the overall growth in the fasteners market

Constraints

Increase in commodity demand/price

Commodity demand is a result of the global economic situation. The average commodity price is expected to grow between 5 and 6 percent until 2017
An increase in commodity demand will drive up the market for industrial fasteners

Supplier Market Share

The market is moderately capital-intensive, which poses as a stiff barrier to the local or domestic fasteners manufacturers
ITW, Precision Castparts, Alcoa, LISI, NIFCO, and Stanley Black & Decker occupy around 13.6 percent of market share at a global level

Industrial Fasteners: Product-wise Market Share (2017)

The market is moderately capital-intensive, which poses as a stiff barrier to the local or domestic fastener manufacturers
The six biggest fastener suppliers occupy around 13.6 percent of the market share at a global level, followed by small to medium-sized manufacturers. Hence, the competition among local manufacturers in a country and the competition among different countries in a region are fierce

Industrial Fasteners: News Updates

In Q1 2017, Stanley Black & Decker, a global diversified industrial company, has completed its acquisition of tools business of Newell Brands for $1.95 billion in cash
The US Court of International Trade has upheld the decision-making and methodology used by the US Department of Commerce in determining that Stanley Black & Decker and a related entity should pay anti-dumping duties on nails originating from China