World Industrial Fasteners to Reach $82.9 bn through 2016
Views :1826
| Exhibition Info
Exhibition Name: World Industrial Fasteners to Reach $82.9 bn through 2016
| Exhibition introduction

World sales to climb 5.2% annually through 2016

Global sales of industrial fasteners are expected to climb 5.2 percent per year to $82.9 billion in 2016, accelerating from the 2006-2011 rate of market expansion. The economies of many countries around the world will continue to recover from the global recession of 2009, spurring growth in durable goods output, which largely determines worldwide fastener sales. In 2011, motor vehicle original equipment manufacturing was the largest market for industrial fasteners, and this market will post the biggest gains through 2016 in value terms. Also, acceleration in manufacturing output and fixed investment spending will lead to increased demand for fasteners used in machinery. However, intensifying competition from alternative joining technologies (such as adhesives) will restrain fastener sales increases in some market segments.

Asia/Pacifc region to record strongest demand gains

The Asia/Pacifc region will record the strongest demand gains from 2011 to 2016, averaging 7.4 percent per year. This expansion will be driven primarily by the strong Chinese market, which will continue to advance at a rapid pace despite moderating from the 2006-2011 period. Rising demand in the smaller Indian market will complement these gains, as sales in this country will climb at the most rapid pace worldwide in percentage terms through 2016. Ongoing growth in the durable goods manufacturing sectors in these nations, along with the continuing need for new and improved components of infrastructure, will foster these large gains in industrial fastener demand. Additionally, sales of fasteners in other developing areas of theworld will advance at a healthy pace.

Gains in industrial fastener demand in the world’s highly developed economies -- namely, the US, Western Europe, and Japan -- were much slower than in industrializing countries between 2006 and 2011, and sales advances in most developed nations will continue to be subpar through 2016. Since the durable goods manufacturing sectors in these areas are mature, there will be fewer growth prospects for fastener suppliers. However, recoveries in motor vehicle production and construction expenditures following a period of decline will result in more rapid fastener sales gains going forward.

Developed countries to remain major aerospace-grade fastener suppliers

In the production of fasteners, foreign multinationals will continue to establish new facilities in China and other rapidly industrializing nations to take advantage of lower manufacturing costs for lower-end fastener products. However, the US, Western Europe, and Japan will continueto be major suppliers of aerospace-grade fasteners due to their long traditions of high-tech manufacturing.

Externally threaded types to post largest value gains

Standard externally threaded fasteners represented over one-half of the market total for industrial fasteners in 2011 and will post the largest value gains through 2016, supported by a pickup in production of a wide range of durable goods. However, the strongest growth in percentage terms will be registered by nonthreaded fasteners, bolstered by increased investment in infrastructure in many developing nations, and increased manufacturing of larger capital goods, that tend to use nonthreaded fasteners for secure, permanent joints.

Source: Freedonia

经营许可证编号:粤B2-20210752号丨备案号:粤ICP备09029740号
粤公网安备 44011102001662号
技术支持:广东金蜘蛛电脑网络有限公司
Golden Spider Network Co., Ltd.