Widespread application of fasteners in industries such as automotive and construction will drive the global market for industrial fasteners in the years to come. Industrial fasteners play a crucial role in various industrial segments because of their core purpose, which is the mechanical joining of surfaces, devices, and parts. The expanding automobiles market in India, Brazil, and China will drive the demand for industrial fasteners in the forthcoming years.
Washers, pins, clips, nuts, rivets, bolts, and screws are the different types of industrial fasteners used extensively across several industrial segments. The market for industrial fasteners is a rather mature one with a host of applications ranging from electronics to construction and infrastructure. The industrial fasteners market, valued at US$65.50 billion in 2011, is anticipated to reach a market value of US$94.65 billion by 2018. The industrial fasteners market will grow at a CAGR of 5.4% between 2012 and 2018.(…)
