Canada Industrial Fasteners Market Size & Outlook
Canada industrial fasteners market, 2018-2030 (US$M)
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Canada industrial fasteners market highlights
- The Canada industrial fasteners market generated a revenue of USD 1,840.6 million in 2022 and is expected to reach USD 2,561.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.2% 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.
Industrial fasteners market data book summary
| Market revenue in 2022 | USD 1,840.6 million |
| Market revenue in 2030 | USD 2,561.1 million |
| Growth rate | 4.2% (CAGR from 2022 to 2030) |
| Largest segment | Metal |
| Fastest growing segment | Plastic |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Canada accounted for 2.0% of the global industrial fasteners market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. industrial fasteners market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 5,333.5 million by 2030.
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Industrial Fasteners Market Scope
Industrial Fasteners Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 88.87% in 2022. Horizon Databook has segmented the Canada industrial fasteners market based on metal, plastic covering the revenue growth of each sub-segment from 2018 to 2030.
Manufacturing sector in Canada is anticipated to witness positive growth trends as a majority of the manufacturers are planning to invest in new equipment and machinery in order to gain a competitive advantage globally over the forecast period.
Manufacturers are also investing heavily in the research and development of new products and processes to create a sustainable competitive edge. The economy of Canada is highly dependent on North American Free Trade Agreement (NAFTA) regulations as the U.S. and Mexico account for approximately 75% of the exports.
Hence, concerns regarding the potential termination of the agreement can create a major roadblock for the growth of the economy. As per Canadian Construction Association, construction sector employs over 1.4 million people in country and generates about USD 141 billion to the economy annually, accounting for 7.5% of Canada’s gross domestic product (GDP).
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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 country-level data and insights on the Canada industrial fasteners market , including forecasts for subscribers. This country databook contains high-level insights into Canada industrial fasteners market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada industrial fasteners market size, by raw material, 2018-2030 (US$M)
Canada Industrial Fasteners Market Outlook Share, 2022 & 2030 (US$M)
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