Global Industrial Fasteners Market to Top $127b
The global industrial fasteners market is estimated to reach $127.3 billion by 2030, according to a new report by Reportlinker.com.
“In the changed post COVID-19 business landscape, the global market for industrial fasteners estimated at US$89.7 billion in the year 2022, is projected to reach a revised size of US$127.3 billion by 2030, growing at a CAGR of 4.5% over the period 2022-2030,” Reportlinker.com reports.
Metal fasteners are projected to record 4.3% CAGR and reach US$112.4 billion by the end of 2030. Growth in the plastic segment is estimated at 5.8% CAGR for the next 8-year period.
The U.S. market is estimated at US$16.9 billion in 2022.
China, the world’s second largest economy, is forecast to reach a projected market size of US$25.7 billion by the year 2030, trailing a CAGR of 6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
“Global Industrial Fasteners Industry” is an 849-page report that costs $5,600 for a single-user license. Web: Reportlinker.com
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