The Industrial Fasteners Global Market Report 2023, provides comprehensive information on the industrial fasteners market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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In accordance with The Business Research Company's Industrial Fasteners Global Market Report 2023, the trajectory of the global industrial fasteners market indicates a notable expansion. Forecasts predict a substantial growth, escalating from $84.95 billion in 2022 to a projected $90.32 billion in 2023, manifesting an appreciable compound annual growth rate (CAGR) of 6.3%. Nevertheless, the Russia-Ukraine conflict has cast a shadow over the global economic rebound from the recent COVID-19 pandemic, particularly in the short term. This geopolitical turmoil has triggered widespread economic sanctions, an upswing in commodity prices, and disruptions in global supply chains, precipitating inflation across various goods and services and impacting diverse markets worldwide. Despite these challenges, the global industrial fasteners market is anticipated to attain a size of $110.6 billion by 2027, sustaining a commendable CAGR of 5.2%. This underscores the resilience and enduring growth potential of the industrial fasteners sector, even amid the prevailing geopolitical and economic complexities.

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An emerging trend in the industrial fasteners market is the impetus towards product innovations, with major companies strategically prioritizing the development and introduction of novel and advanced offerings. A noteworthy exemplification of this strategic focus is observed in the actions of Valley Forge & Bolt, a prominent US-based manufacturer of industrial fasteners. In March 2021, the company unveiled its groundbreaking creation, the High Temp Maxbolt. This innovative product is meticulously designed to mitigate downtime, preempt premature wear, and avert catastrophic joint failures, particularly in critical industries such as processing, mining, and energy. Distinguished by its high-temperature lens and an easily readable gauge, the High Temp Maxbolt is engineered to excel in rapid thermal cycle applications and prolonged high-temperature scenarios. This cutting-edge solution not only showcases the commitment of industry leaders to continuous improvement but also signifies a transformative stride toward enhanced performance and reliability in the demanding realm of industrial fasteners.

The industrial fasteners market is segmented:

1) By Type: Externally Threaded, Internally Threaded, Non-Threaded, Aerospace Grade

2) By Raw Material: Metal, Plastic

3) By Application: Automotive, Aerospace, Construction, Industrial Machinery, Plumbing Products, Other Application

Asia-Pacific was the largest region in the industrial fasteners market in 2022.

The table of contents in TBRC’s industrial fasteners market report includes:

1. Executive Summary

2. Industrial Fasteners Market Characteristics

3. Industrial Fasteners Market Trends And Strategies

4. Industrial Fasteners Market - Macro Economic Scenario

5. Industrial Fasteners Market Size And Growth

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26. Africa Industrial Fasteners Market

27. Industrial Fasteners Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Industrial Fasteners Market

29. Industrial Fasteners Market Future Outlook and Potential Analysis

30. Appendix

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