London 9/09/2014 03:54 GMT (TransWorldNews)
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The following companies represent key players in the Global Industrial Fastener Market: Alcoa Inc., Illinois Tool Works Inc., Precision Castparts Corp., Acument Global Technologies Inc., Federal Screw Works,Ingersoll-Rand Inc., Nitto Seiko Co. Ltd., Sundram Fasteners Ltd., TRW Automotive.One of the major trends emerging in the Global Industrial Fastener market is the development of industry-specific industrial fasteners. The intense competition between industrial fastener vendors has resulted in the development of fasteners with more features and capabilities to provide enhanced performance. In addition, with the increase in technological developments, several vendors are developing industry-specific fasteners for increased efficiency. For instance, vendors are developing alloy fasteners and wrenchable nuts with increased strength and corrosion and temperature-resistance properties for the Aerospace and Defense sector. They are also developing self-clinching and self-locking fasteners that are expected to enhance the operational efficiency for plastic assemblies.(…)
via Global industrial fastener market will grow at a CAGR of 6.12% over the period 2013 to 2018.