Market Overview:
The global precision fasteners market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for precision fasteners from various end-use industries, such as automotive, aerospace, shipping, building and machinery. In addition, the growing demand for electronic appliances is also contributing to the growth of this market. Based on type, commodity grade fasteners are expected to dominate the global precision fasteners market during the forecast period. This can be attributed to their low cost and wide availability across regions.
Product Definition:
Precision fasteners are high-quality, small parts that connect two or more objects together with a specific level of accuracy. They are essential for ensuring that products are properly assembled and function as intended. Precision fasteners can be used in a wide variety of applications, including automotive manufacturing, construction, and electronics assembly.
Commodity Grade Fasteners:
Commodity grade fasteners are manufactured with low cost as a major concern. These products are widely used in the construction and automotive industries for joining various materials such as wood, plastic, metal sheets and aluminum. The growth factor of commodity grade fasteners is based on volume consumption across the globe. However, due to their low cost they have less demand in high-end applications where quality is a major concern.
Special Grade Fasteners:
Special grade fasteners are manufactured in order to meet the specific requirements of end-use applications. The selection of special grade fasteners is based on several factors such as material, performance, price, and packaging. These products are available with different types of materials such as stainless steel, carbon steel alloy (CRES), nickel silver alloy (NS), copper alloys (CuAg) and others including titanium and brass.
Application Insights:
The automotive industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growing importance of cost-effective solutions for assembling various components such as engine, transmission, body structure and others has driven the demand for high-precision fasteners.
Automotive applications include underbody (frame), powertrain (transmission & driveshaft), body assembly including doors/tailgates & hood/bonnet (frames) and others. Other applications include consumer electronics; machinery; aerospace; building & construction; shipping containers; medical equipment etc. Global markets are witnessing significant growth owing to increasing trade between countries resulting in increased manufacturing activities across the globe which is further driving demand globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of rapid industrialization, which has led to an increase in foreign investments. Furthermore, rising disposable income coupled with growing population will drive demand for consumer electronics products such as smartphones and laptops, thereby driving the fastener industry growth over the forecast period.
Europe accounted for a significant share of revenue in 2017 owing to high demand from automotive industry and construction sector due to increasing infrastructural activities across countries such as Germany, U.K., Italy among others are anticipated to drive product adoption over next eight years.
Growth Factors:
- Increasing demand from the automotive industry for precision fasteners
- Growing demand for lightweight and fuel-efficient vehicles
- Rising popularity of electric vehicles
- Proliferation of advanced manufacturing technologies
- Growing demand from the construction and infrastructure sectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Fasteners Market Research Report
By Type
Commodity Grade Fasteners, Special Grade Fasteners
By Application
Automotive Industry, Aerospace, Shipping Industry, Building, Machinery Industry, Electronic Appliances, Others
By Companies
Illinois Tool Works, SFS Group USA, Inc., NORMA Group, Lisi Automotive, Würth, Keller & Kalmbach GmbH, Acument, STANLEY, Araymond, Nucor Fastener, Sundram Fasteners, TR Fastenings, Nedschroef, PSM International, Houston Precision Fasteners, ESSENCE Fastening System
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Precision Fasteners Market Report Segments:
The global Precision Fasteners market is segmented on the basis of:
Types
Commodity Grade Fasteners, Special Grade Fasteners
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive Industry, Aerospace, Shipping Industry, Building, Machinery Industry, Electronic Appliances, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Illinois Tool Works
- SFS Group USA, Inc.
- NORMA Group
- Lisi Automotive
- Würth
- Keller & Kalmbach GmbH
- Acument
- STANLEY
- Araymond
- Nucor Fastener
- Sundram Fasteners
- TR Fastenings
- Nedschroef
- PSM International
- Houston Precision Fasteners
- ESSENCE Fastening System
Highlights of The Precision Fasteners Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Commodity Grade Fasteners
- Special Grade Fasteners
- By Application:
- Automotive Industry
- Aerospace
- Shipping Industry
- Building
- Machinery Industry
- Electronic Appliances
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Precision Fasteners Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Precision Fasteners is a company that specializes in the manufacturing and distribution of fasteners, including screws, bolts, nuts and washers. The company offers a variety of products to meet the needs of both industrial and commercial customers. Precision Fasteners also provides support services for its customers, including product customization and design assistance.
Some of the major companies in the precision fasteners market are Illinois Tool Works, SFS Group USA, Inc., NORMA Group, Lisi Automotive, W¼rth, Keller & Kalmbach GmbH, Acument, STANLEY, Araymond, Nucor Fastener, Sundram Fasteners, TR Fastenings, Nedschroef, PSM International, Houston Precision Fasteners, ESSENCE Fastening System.
The precision fasteners market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Precision Fasteners Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Precision Fasteners Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Precision Fasteners Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Precision Fasteners Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Precision Fasteners Market Size & Forecast, 2020-2028
4.5.1 Precision Fasteners Market Size and Y-o-Y Growth
4.5.2 Precision Fasteners Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Commodity Grade Fasteners
5.2.2 Special Grade Fasteners
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive Industry
6.2.2 Aerospace
6.2.3 Shipping Industry
6.2.4 Building
6.2.5 Machinery Industry
6.2.6 Electronic Appliances
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Precision Fasteners Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Precision Fasteners Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Commodity Grade Fasteners
9.6.2 Special Grade Fasteners
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive Industry
9.10.2 Aerospace
9.10.3 Shipping Industry
9.10.4 Building
9.10.5 Machinery Industry
9.10.6 Electronic Appliances
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Commodity Grade Fasteners
10.6.2 Special Grade Fasteners
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive Industry
10.10.2 Aerospace
10.10.3 Shipping Industry
10.10.4 Building
10.10.5 Machinery Industry
10.10.6 Electronic Appliances
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Commodity Grade Fasteners
11.6.2 Special Grade Fasteners
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive Industry
11.10.2 Aerospace
11.10.3 Shipping Industry
11.10.4 Building
11.10.5 Machinery Industry
11.10.6 Electronic Appliances
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Commodity Grade Fasteners
12.6.2 Special Grade Fasteners
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive Industry
12.10.2 Aerospace
12.10.3 Shipping Industry
12.10.4 Building
12.10.5 Machinery Industry
12.10.6 Electronic Appliances
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Commodity Grade Fasteners
13.6.2 Special Grade Fasteners
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive Industry
13.10.2 Aerospace
13.10.3 Shipping Industry
13.10.4 Building
13.10.5 Machinery Industry
13.10.6 Electronic Appliances
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Precision Fasteners Market: Competitive Dashboard
14.2 Global Precision Fasteners Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Illinois Tool Works
14.3.2 SFS Group USA, Inc.
14.3.3 NORMA Group
14.3.4 Lisi Automotive
14.3.5 Würth
14.3.6 Keller & Kalmbach GmbH
14.3.7 Acument
14.3.8 STANLEY
14.3.9 Araymond
14.3.10 Nucor Fastener
14.3.11 Sundram Fasteners
14.3.12 TR Fastenings
14.3.13 Nedschroef
14.3.14 PSM International
14.3.15 Houston Precision Fasteners
14.3.16 ESSENCE Fastening System
