Fastener Engineering

  • Home
  • Fasteners
    • Nuts, bolts, rivets
    • Screws
    • Spacers + standoffs
    • Pins
    • Uclips + U-nuts
    • Eyebolts, rod ends, etc.
    • Thread repair kits + lockers
  • Adhesives
  • Springs
    • Compression
    • Constant force
    • Spring clip
    • Torsion springs
  • Washers / Spacers
    • Gaskets and Seals
  • Tools
  • Materials
  • Resources
    • Digital Issues
    • Leadership in Engineering
    • Suppliers
    • Video
  • Women in Engineering

Global industrial fasteners market to reach $87.3 billion by 2026

By Michelle Froese | May 14, 2021

Even with the COVID-19 pandemic in mind, the global market for industrial fasteners is projected to reach a revised size of U.S. $87.3 billion by the year 2026 — it was initially estimated at U.S. $69.5 billion. The revised figure represents a CAGR of 4.2% over the analysis period.

To learn more or download a summary of the report, click here.

According to a new market study published by global research company, Global Industry Analysts Inc., metal fasteners are projected to record a 4% CAGR and hit $80.4 billion by the end of 2026. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the plastic segment has also been re-adjusted to a revised 5.5% CAGR for the next seven-year period.

Aside from the U.S., other noteworthy geographic markets for growth include Canada and Japan, each forecast to grow at 4.1% and 2.7%, respectively, to 2027. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.

The new report, “Industrial Fasteners: Global Market Trajectory & Analytics,” presents a fresh perspective on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Segments covered include raw materials (mainly metal and plastic), fastener types (including externally and internally threaded, non-threaded, and aerospace grade), and the applications (such as automotive, aerospace, industrial machinery, construction, appliances, and others).

Tell Us What You Think! Cancel reply

Related Articles Read More >

XLCS Partners advises Tower Fasteners in sale to MSC Industrial
The most common mechanical tests for fasteners
Kennametal offers new turning grade for machining hardened steel and alloys
Nucor adding melt shop to its Arizona bar mill

MC2

Motion Control Classroom

Stay Connected

Resources

engineering whitepapers

Engineering White Papers brings a free library of engineering white papers, catalogs, software white papers and technology white papers on hundreds of engineering related topics.
Fastener Engineering
  • Fastener Suppliers
  • Advertise
  • About
  • Subscribe
  • Contact Us

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search Fastener Engineering

  • Home
  • Fasteners
    • Nuts, bolts, rivets
    • Screws
    • Spacers + standoffs
    • Pins
    • Uclips + U-nuts
    • Eyebolts, rod ends, etc.
    • Thread repair kits + lockers
  • Adhesives
  • Springs
    • Compression
    • Constant force
    • Spring clip
    • Torsion springs
  • Washers / Spacers
    • Gaskets and Seals
  • Tools
  • Materials
  • Resources
    • Digital Issues
    • Leadership in Engineering
    • Suppliers
    • Video
  • Women in Engineering