Middle East & Africa Industrial Fasteners Market Size & Outlook
Middle East & Africa industrial fasteners market, 2018-2030 (US$M)
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MEA industrial fasteners market highlights
- The MEA industrial fasteners market generated a revenue of USD 2,000.0 million in 2022.
- The market is expected to grow at a CAGR of 4.4% 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, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 2,000.0 million |
| Market revenue in 2030 | USD 2,812.8 million |
| Growth rate | 4.4% (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, MEA region accounted for 2.2% 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.
Key Regions: UAE , U.S. , Japan , Brazil , South Africa
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Industrial Fasteners Market Scope
Industrial Fasteners Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 92.96% in 2022. Horizon Databook has segmented the Middle East & Africa industrial fasteners market based on metal, plastic covering the revenue growth of each sub-segment from 2018 to 2030.
Aerospace sector of the Middle East and Africa is expected to witness high growth over the forecast period owing to the geographic location of the Middle East that enables transport convenience. A slow change in the development of aerospace sector is witnessed in countries including Nigeria, Egypt, South Africa, and Ghana.
According to International Air Transport Association (IATA) estimates by 2037, the Middle East market will reach 501 million passengers achieved by a CAGR of 4.4%. To leverage the geographical advantage, the governments of these countries are making significant investments towards the improvement and expansion of their airport infrastructure.
For instance, in February 2020, the Ministry of Transport and Communication, Oman had announced the National Aviation Strategy 2030. This strategy aims at enhancing Oman’s growing aviation industry, which in turn will help to strengthen the economy of Oman in future.
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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 Middle East & Africa industrial fasteners market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa industrial fasteners market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA industrial fasteners market size, by country, 2018-2030 (US$M)
Middle East & Africa Industrial Fasteners Market Outlook Share, 2022 & 2030 (US$M)
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