Hilti AG announced a strategic partnership with Trackunit to advance digital transformation in the construction industry. The focus is to bring global scale to the tool and equipment connectivity domain.
Birmingham Fastener & Supply Company, Inc. announced the acquisition of Steel City Bolt. With this acquisition, the business enterprise is expected continue to double down on domestic production and provide clients with a domestic solution to any fastener requirement they have.
Author Credits: Mohd Shadab, Yashika Karodiwal
Report ID: 4430
Published Date: Aug 18, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing industrial production as well as rising demand for industrial fasteners in various industries such as automobiles, chemical processing, and other are some of the major factors anticipated to drive the growth of the market.
The market size of industrial fasteners is anticipated to attain a CAGR of 5.2% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Hilti AG, Acumen Global Technologies, Inc., Nifco UK Limited, Arconic Corporation, ATF Inc., Sesco Industries, Inc., Rockford Fastener, Inc., Elgin Fastener Group, Decker Industries Corporation, and others.
The metal segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.