Mexico Industrial Fasteners Market Size & Outlook
Mexico industrial fasteners market, 2018-2030 (US$M)
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Mexico industrial fasteners market highlights
- The Mexico industrial fasteners market generated a revenue of USD 3,567.1 million in 2022 and is expected to reach USD 5,333.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.2% 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 3,567.1 million |
| Market revenue in 2030 | USD 5,333.5 million |
| Growth rate | 5.2% (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, Mexico accounted for 3.9% 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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Mexico 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 Mexico industrial fasteners market based on metal, plastic covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing investments from multinational players in Mexican market is expected to drive the growth of manufacturing sector of the country, thereby, bolstering growth environment for fasteners market. In addition, Mexico is geographically critical location for outsourcing production activities, as it is adjacent to U.S., which is one of the major export destinations for fasteners manufacturers.
Furthermore, ease of doing business, geographical proximity and supply source for distributors and retailers, makes the economy one of the most preferred locations for manufacturers. The Mexican government is pushing the development of aerospace & automotive, electric/electronic, OEM and other high-tech industries.
In addition, the government is continuing the investment in development of airport and transport infrastructure, which is expected to drive the demand for fastening applications propelling the market growth. Furthermore, improving infrastructure is also gaining confidence among the companies regarding favorable business conditions. This in turn enabling companies to set their bases in the economy in order to manufacture and distribute the tools.
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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 Mexico industrial fasteners market , including forecasts for subscribers. This country databook contains high-level insights into Mexico industrial fasteners market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico industrial fasteners market size, by raw material, 2018-2030 (US$M)
Mexico Industrial Fasteners Market Outlook Share, 2022 & 2030 (US$M)
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