Report projects steady global growth for industrial fastener market
A report by Transparency Market Research projects that the global market for industrial fasteners, which was pegged at more than $65 billion in 2011, will top $94 billion in 2018.
The 94-page report, "Industrial Fasteners Market (Externally Threaded, Aerospace Grade and Standard) for Automotive OEM, Machinery OEM, MRO and Construction Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012-2018," provides detailed analysis of the industrial fasteners market on a global and regional level, a press release said. It noted that on a global as well as regional level, the market has been analyzed and forecast based on revenues for a period ranging from 2012 to 2018. The market, it added, has been segmented into North America, Western Europe, Asia Pacific and Rest of the World (RoW).
Bolts represent the single largest product segment in the industrial fasteners market, followed by screws, the release said. It cited rising construction and maintenance activities worldwide as being among the primary drivers for the projected growth for market applications such as automobiles, construction, industrial machineries and durable goods.
The cost for the report varies depending on the requested license type. For more details, contact Transparency Market Research at www.transparencymarketresearch.com.