Freedonia: Worldwide Fastener Demand to Rise 8.5% Yearly Through 2014
FEATURE
World demand for industrial fasteners is forecast to expand 8.5% per year to $80.5 billion in 2014, according to World Industrial Fasteners, a new 401-page, $6,100 report by the Freedonia Group.
Global motor vehicle output will make a strong recovery from the declines registered during the 2004-2009 period, bolstering associated fastener demand. World fixed investment levels will continue to increase and the global durable goods manufacturing environment will improve, both of which will support increased fastener sales.
Freedonia predicts the Asia/Pacific region will register the strongest sales increases through 2014, paced by healthy 12.8% annual demand gains in China.
For a summary of World Industrial Fasteners, click HERE.
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