China Industrial Fasteners Market Size & Outlook
China industrial fasteners market, 2018-2030 (US$M)
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China industrial fasteners market highlights
- The China industrial fasteners market generated a revenue of USD 18,585.7 million in 2022 and is expected to reach USD 30,908.5 million by 2030.
- The China market is expected to grow at a CAGR of 6.6% 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 18,585.7 million |
| Market revenue in 2030 | USD 30,908.5 million |
| Growth rate | 6.6% (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, China accounted for 20.3% 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 Asia Pacific, China industrial fasteners market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,017.2 million by 2030.
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Industrial Fasteners Market Scope
Industrial Fasteners Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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% in 2022. Horizon Databook has segmented the China industrial fasteners market based on metal, plastic covering the revenue growth of each sub-segment from 2018 to 2030.
China is one of the most important emerging countries globally. According to the World Bank, the country’s GDP stood at USD 14.34 trillion in 2019. Major industries contributing to the country’s economic growth include manufacturing, mining, energy, and agriculture.
According to the International Monetary Fund, the GDP growth in China was contracted to 2.3% in 2020. The economic growth in China was impacted by the deepening U.S.–China trade tensions as well as the outbreak of COVID-19 in 2020. It is anticipated that GDP growth in 2021 will be 8.4% and 5.6% in 2022.
China was the epicenter of the COVID-19 pandemic, but China has shown recovery in the last few months, supported by investment in infrastructure. Rapid urbanization in China is one of the key factors driving the expansion of the construction sector in the country.
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Our clientele includes a mix of industrial fasteners market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China industrial fasteners market , including forecasts for subscribers. This country databook contains high-level insights into China industrial fasteners market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China industrial fasteners market size, by raw material, 2018-2030 (US$M)
China Industrial Fasteners Market Outlook Share, 2022 & 2030 (US$M)
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