Asia Pacific Industrial Fasteners Market Size & Outlook
Asia Pacific industrial fasteners market, 2018-2030 (US$M)
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Asia Pacific industrial fasteners market highlights
- The Asia Pacific industrial fasteners market generated a revenue of USD 40,009.0 million in 2022.
- The market is expected to grow at a CAGR of 5.9% from 2023 to 2030.
- In terms of segment, metal was the largest revenue generating raw material in 2022.
- Plastic is the most lucrative raw material segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 40,009.0 million |
| Market revenue in 2030 | USD 63,519.6 million |
| Growth rate | 5.9% (CAGR from 2022 to 2030) |
| Largest segment | Metal |
| Fastest growing segment | Plastic |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Metal, Plastic |
| Key market players worldwide | Wurth Group, Lisi SA, Nifco Inc, Illinois Tool Works Inc, Stanley Black & Decker, Berkshire Hathaway Inc Class A, Arconic, Acument Global Technologies, ATF, MW Industries, Birmingham Fastener, Elgin Fastener Group, Rockford Fastener, Slidematic Products, Manufacturers Associates, Eastwood Manufacturing, Brunner Manufacturing, Penn Engineering, EJOT, KOVA Fasteners |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 43.6% of the global industrial fasteners market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 63,519.6 million by 2030.
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Industrial Fasteners Market Scope
Industrial Fasteners Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific industrial fasteners market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial fasteners market will help companies and investors design strategic landscapes.
Metal was the largest segment with a revenue share of 93.27% in 2022. Horizon Databook has segmented the Asia Pacific industrial fasteners market based on metal, plastic covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific is the fastest-growing region in the world, accounting for over two-thirds of the global economic growth. According to a report by the International Monetary Fund (IMF), growth in GDP in the Asia Pacific had declined by 1.5% in 2020 in light of the containment measures and global economic slowdown during the COVID-19 pandemic.
The region’s GDP growth is expected to rebound to 7.6% in 2021, and moderate to 5.4% in 2022. Asia has been a key market for industrial fasteners and accounted for over 40% of the global industrial fasteners market in 2020. The industrial fasteners industry in the region is primarily driven by automotive, industrial machinery, electronics, and construction applications.
The region has been the world’s largest industrial fastener supplier in recent years. Economic growth in the Asia Pacific has increased the need for improved public infrastructure such as roads, harbors, airports, and rail transportation networks.
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Our clientele includes a mix of industrial fasteners market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific industrial fasteners market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific industrial fasteners market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific industrial fasteners market size, by country, 2018-2030 (US$M)
Asia Pacific Industrial Fasteners Market Outlook Share, 2022 & 2030 (US$M)
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