The global industrial fasteners market is expected to expand at a compound annual growth rate of 5.3% during the forecast period 2016 – 2023, exceeding $107 billion by 2023, according to a new market report published by Credence Research.
The industrial fastener market growth is expected to be “spurred by steady growth in automotive production, increasing industrial automation, and resurgence in the construction sector post economic crisis,” according to Industrial Fasteners Market.
“The steady growth in the industrial output coupled with investments made by the governments in aviation and aerospace projects is identified as the major factor driving industrial fasteners market. (…)
via Report: Industrial Fasteners Market Growth At 5.3% – Global Fastener News – USA.