Market demand for industrial fasteners will reach US $104 billion in 2020

by:ALLTOP      2021-04-13
Grviewresearch, a US market research company, recently released a report on the industrial fastener market. The report analyzed three types of fastener products, including externally threaded fasteners, aerospace fasteners and other standard fasteners, and pointed out that, in view of the demand for fasteners in the automotive industry, the demand for fasteners will rise sharply in the next six years. Grviewresearch, a US market research company (Hereinafter referred to as gvr) Devoted to studying the market, a report on the industrial fastener market was recently released. This report analyzed three types of fastener products, such as externally threaded fasteners, aerospace fasteners and other standard fasteners, and pointed out that, in view of the demand for fasteners in the automotive industry, the demand for fasteners will rise sharply in the next six years. The market demand for industrial fasteners will reach 104 billion US dollars by 2020. At the same time, gvr pointed out that with the economic growth and industrial development of countries such as the United States, China, Brazil, Russia, Poland and India, the construction industry in these countries will continue to grow. this will further drive the demand for fasteners. In addition, electronics, aerospace, machinery, maintenance (mro) , As well as the growth of consumer markets such as motor vehicles, will also stimulate the growth of demand for fasteners. The market analysis report of gvr also shows that the market application proportion of threaded fasteners was large in 2013, which occupied more than 45 market shares; The automotive oem is the second largest application market with a share of more than 20. In particular, the development of railway fasteners in the future is expected to create a new market path and contribute to the improvement of processing technology and mechanical properties.
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