Market Research Future (MRFR) has published on the “Global Construction Fasteners Market”.
The construction fasteners market is estimated to register a CAGR of 5.20% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Construction Fasteners market— All Fasteners USA LLC, Leland Industries Inc, Andrews Fasteners Limited, Dokka Fasteners, EJOT Holding GmbH & Co.KG, GRK Fasteners, The WDS Group, Staetite Fasteners, Yuyao Xintai Hardware Co, Ltd., Kaloti India.
Construction Fasteners Market Highlights
The global construction fasteners market is accounted to register a CAGR of 5.20% during the forecast period and is estimated to reach USD Significant by 2032.
Fasteners are essential for the assembly and maintenance of diverse structures, such as residential and commercial buildings, industrial facilities, and transportation systems, driving their adoption in the construction industry. the construction industry's need for fasteners that provide structural integrity, durability, and safety further propels their use. With advancements in materials and designs, fasteners are increasingly chosen for their ability to enhance the overall quality and longevity of construction projects, making them indispensable in both traditional and innovative building methods.
Access full report @ https://www.marketresearchfuture.com/reports/construction-fasteners-market-12630
Segment Analysis
The global construction fasteners market has been segmented based on application and product type.
On the basis of application, the market is segmented into construction, industrial and others. The construction segment was attributed to holding the largest market share in 2022, due to the sheer volume of fasteners required for diverse building projects.
Based on product type, the global Construction Fasteners market has been segmented into Bolts, Nuts, Washers, Screws, Rivets, Anchors and Nails. The screws segment was expected to hold the largest market share in 2022, due to their exceptional versatility and broad range of applications.
Regional Analysis
The global Construction Fasteners market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Construction Fasteners market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Construction Fasteners market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Construction Fasteners market comprises of Middle East, Africa, and Latin America.
The largest market share for Construction Fasteners was maintained by the North American regional sector. This increase is attributed to the robust construction and infrastructure development activities in the region, including residential, commercial, and public works projects. With a focus on structural integrity and safety, North American construction professionals rely on high-quality fasteners to ensure the reliability of buildings, bridges, and other structures. Additionally, the adoption of innovative and environmentally responsible building practices is propelling the use of sustainable and corrosion-resistant fasteners.
Moreover, the Europe market has been persistently growing over the forecast period. The demand for Construction Fasteners is driven by the region's robust construction and building renovation activities, as well as the strong presence of the automotive and manufacturing industries. With ongoing infrastructure development and a focus on improving energy efficiency in construction, there is a consistent demand for high-quality fasteners.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due the region's burgeoning construction and infrastructure development projects, which demand a wide variety of fasteners for structural integrity and safety. As urbanization and industrial growth accelerate, the need for fasteners in building, maintaining, and expanding facilities across the region continues to expand, making Asia Pacific a key market for construction fasteners.
Furthermore, the rest of the world's Construction Fasteners market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's booming construction and infrastructure development, as nations in MEA invest heavily in urbanization and the development of transportation networks, commercial buildings, and residential projects. Additionally, the need for fasteners that can withstand the harsh environmental conditions, including extreme temperatures and sandstorms, further fuels the demand for durable and corrosion-resistant fasteners in the MEA region.
Key Findings of the Study
- The global Construction Fasteners market is expected to reach USD XX billion by 2032, at a CAGR of 5.20% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the region's burgeoning construction and infrastructure development projects, which demand a wide variety of fasteners for structural integrity and safety.
- Based on application, the construction segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.
- All Fasteners USA LLC, Leland Industries Inc, Andrews Fasteners Limited, Dokka Fasteners, EJOT Holding GmbH & Co.KG, GRK Fasteners, The WDS Group, Staetite Fasteners, Yuyao Xintai Hardware Co, Ltd., Kaloti India.
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Companies Covered | 15 |
Pages | 128 |
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