South Korea Industrial Fasteners Market Size & Outlook
South Korea industrial fasteners market, 2018-2030 (US$M)
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South Korea industrial fasteners market highlights
- The South Korea industrial fasteners market generated a revenue of USD 4,886.6 million in 2022 and is expected to reach USD 7,249.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.1% 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 4,886.6 million |
| Market revenue in 2030 | USD 7,249.0 million |
| Growth rate | 5.1% (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, South Korea accounted for 5.3% 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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South Korea 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 93.54% in 2022. Horizon Databook has segmented the South Korea industrial fasteners market based on metal, plastic covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is one of the major hubs for the manufacturing of electronic products. The country is one of the leading producers of semiconductors, mobile phones, and other electronic gadgets. Globally the demand for electronics products is rising rapidly due to which demand for industrial fasteners is expected to increase over the forecast period in the country.
Due to the COVID-19 pandemic, in 2020 the production of electronic products was impacted due to lockdown. But from the COVID-19 pandemic, various companies are working from home and some companies adopted permanent work-from-home culture even after the pandemic due to which demand electronic gadgets and mobile phones boosted.
Rising digitalization and work from home culture have increased demand for electronic products which is beneficial for the industrial fasteners market over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea industrial fasteners market , including forecasts for subscribers. This country databook contains high-level insights into South Korea industrial fasteners market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea industrial fasteners market size, by raw material, 2018-2030 (US$M)
South Korea Industrial Fasteners Market Outlook Share, 2022 & 2030 (US$M)
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