The Global Industrial Fasteners Market is expected to hit USD $104.32 billion by 2020, according to a study by Grand View Research.
For those keeping score, that total is significantly higher than the prediction made by Global Industry Analysts Inc, which said the global market for Industrial Fasteners will reach US$83.8 billion by 2020. Both reports cite the automotive OEM sector as a key driver in that increase.
Growth in machinery OEM and the construction industry has also been factored into Grand View Research’s USD $104 billion prediction.(…)
via Global fastener market predicted to top $104 billion by 2020.