Manufacturing and Construction Industrial Fasteners Market | Page 2

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Industrial Fasteners Market To Reach USD 137.79 Billion By 2026
Increased demand from the automotive and aviation MRO sector likely to propel demand for fasteners
Market Size – USD 90.5 billion in 2018, Market Growth - CAGR of 5.4%, Market Trends – Increase in
demand for energy efficient solutions
New York, March 07, 2019 - The global industrial fasteners market is expected to reach USD 137.79
billion by 2026, according to a new report by Reports and Data. Increasing demand in the production,
packaging and agriculture industry is expected to drive the industrial fasteners industry forward in the
forecast period. Increased government spending in the residential, industrial and commercial
construction sector especially in the Asia pacific, African and Mexican region gives huge opportunities to
industrial fasteners market. They are widely used in the construction market for subflooring, metal
roofs, decking and steel applications. Modern day agricultural industry uses a number of machines such
as disc rotary mowers, loading trailers, force combine, gathering machine for corn, mixing trailer,
manure spreader, balers for preparation of the soil, fertilization and maintenance, harvest, mowing,
ensiling and feed preparation all of them using fasteners in their machinery. Due to changing weather
condition and to support increased agricultural demand due to increasing population the demand for
these machines will rise giving a push to the industrial fastener market..
To identify the key trends in the industry, click on the link
below: https://www.reportsanddata.com/report-detail/industrial-fasteners-market
Further key findings from the report suggest
North America accounted for significant share valuing at 24.95 Billion in 2026 growing at a CAGR of
4.0%. Rapid urbanization and rising disposable income lead to the construction of costly sites such as
skyscrapers which, in turn fuel the market growth significantly
Malaysia’s construction spending was valued at USD 33 billion in 2012 and is expected to grow at a
CAGR of 4.2% from 2012 to 2025. Malaysia’s construction industry is expected to witness a swift rise
owing to increasing infrastructure projects and introduction of mass affordable housing schemes. These
projects in turn are expected to fuel commercial and residential construction projects over the forecast
period.
Rising investment in defense sector coupled with need for development of defense aircrafts in emerging
countries such as South Korea, China, India and South Africa will drive the usage of fasteners
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