Tag Archives: 2018

Research Report on Industrial Fasteners Market in 2018: Transparency Market Research


Albany, New York (PRWEB) May 20, 2014

According to a new report published by Transparency Market Research “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,” the global demand for industrial fasteners was valued at USD 65.50 billion in 2011 and is expected to reach USD 94.65 billion in 2018, growing at a CAGR of 5.4% from 2012 to 2018.

Fasteners are devices which are used to mechanically join two or more components, devices or surfaces together. The commonly used fasteners include nails, screws, nut, bolts, clips, rivets, pins and washers. The basic requirements for fasteners are that they must be strong enough to handle loads and pressure, must be cost effective, easy to use, resistive to corrosion and aesthetic. They find application across a wide range of sectors such as automobiles, construction, electronics, machineries, industries and other everyday applications. Increasing demand for automobiles particularly in countries such as China, Brazil and India is an important factor which is expected to contribute to the growth of the fasteners market over the forecast period. Development of tailor-made fasteners to suit rapidly growing niche application sectors such as rail road and solar equipment is expected to open new opportunities for the growth of the market in the near future.

Browse the full report with TOC: http://www.transparencymarketresearch.com/industrial-fasteners-market.html

Externally threaded fastener was the largest product segment of industrial fasteners accounting for 45% of the market in 2011. These fasteners are used in a variety of applications including construction, automotives, durable goods, industrial and domestic machines and other OEM segments. This product segment is expected to be the fastest growing segment on account of rising demand for durable goods. Other factors such as increasing construction activities and industrialization are expected to drive the demand for externally threaded fasteners. The consumption for standard fasteners accounted for over 30% of the market in 2011.

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Usage of industrial fasteners in other OEMs was the largest application segment of the market accounting for over 30% in 2011. However, the demand for fasteners from construction sector is expected to be highest on account of rising construction activities in Asia Pacific. Renovation and restructuring activities in matured markets of North America and Europe are expected to contribute significantly to the demand for fasteners in construction. Demand for fasteners from automotive OEM is expected to be higher than average on account of increasing demand for automobiles in countries such as China and India due to growing disposable income of consumers in this region. In addition, replacement activities are highly prevalent in North America and Europe. These factors are expected to drive the global demand for industrial fasteners in their use in automotive OEM over the forecast period. Maintenance, repair and operations (MRO) was the third largest application segment for industrial fasteners. However, this segment is expected to show the slowest growth on account of rising consumer preference towards replacement of goods.

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Asia Pacific accounted for the largest demand for industrial fasteners followed by the demand in Western Europe. Asia Pacific accounted for 40% of the total market in 2011. Rapid industrialization which led to improved economic conditions has led to rising construction activities for residential and non-residential buildings. In addition, industrialization has led to a growth of machinery OEM market in this region. Furthermore, favorable economic conditions have led to rising disposable income of consumers, thus, driving the demand for durable goods. These factors are expected to boost the demand for fasteners in this region over the next six years. Changing economic conditions of countries present in rest of the world such as Brazil is expected to drive the demand for fasteners over the near future. Moreover, increasing construction activities in Middle East and Africa are expected to further fuel the demand for fasteners.

Some of the key players present in the market include Alcoa Incorporated, Illinois Tool Works Incorporated, LISI Group, NIFCO and Precision Castparts Corporation. Other prominent players include Penn Engineering & Manufacturing Corporation, Stanley Black & Decker and ITW.

Browse the full report with TOC: http://www.transparencymarketresearch.com/industrial-fasteners-market.html







Heavy Construction Equipment Market Worth $195.0 Billion by 2018 – New Report by MarketsandMarkets


(PRWEB) April 21, 2014

The report Heavy Construction Equipment Market: By Types (Earthmoving, Material Handling, Heavy Construction Vehicles, Others), Application Areas (Infrastructure, Commercial, Residential), and Geography – Global Trends & Forecast To 2018. defines and segments the global heavy construction equipment market with an analysis and forecast of the revenue. The heavy construction equipment market will grow from an estimated $ 131.1 billion in 2013 to $ 195.0 billion by 2018, at a CAGR of 8.3% from 2013 to 2018.

Browse 127 market data tables and 25 figures spread through 262 pages and in-depth TOC on Heavy Construction Equipment Market – Global Trends & Forecast To 2018.

http://www.marketsandmarkets.com/Market-Reports/heavy-construction-equipment-market-1211.html

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Asia-Pacific: Largest market for heavy construction equipment

Asia-Pacific has experienced a boom in construction and infrastructural activities as the emphasis on developing infrastructure for the sustainable economy is growing. The global population rise and migration to major cities since the last decade has further increased the demand for residential buildings. Asia-Pacific has seen growth in a number of airports, dams, hydro-electric projects, etc., to sustain high level industrial activities and growing energy demand. As a result, many international players have invested and started their manufacturing facilities and distribution centres in the region.

Earth moving equipment: Biggest market, by types

Earth moving equipment has the largest market share in the heavy construction equipment market across the globe. Earth moving equipment is used globally for all types of geographic topologies. They are also used for excavation purpose which is a necessary operation and are performed in all types of terrain across the globe. Earth moving equipment includes excavators, loaders, backhoes, motor graders, and other equipment. BRIC nations drive the growth of this market.

Infrastructure leads the market by application

Infrastructure includes the public infrastructure such as heavy civil works of rail, road, dams, irrigation canals, governmental schools, post offices, hospitals, sports complexes, stadiums, and other heavy civil construction work. These structures form the backbone for the development of the economy for any country. After the market slump of 2009, governments of various nations have started investing to develop better infrastructure. The infrastructure construction activities will be dominant in developing markets such as China, India and Brazil. The reconstruction activities in Japan after the devastating earthquake have also contributed to the infrastructure construction market.

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