DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/fl4lmp/global_industrial) has announced the addition of the "Global Industrial Fastener Market 2014-2018" report to their offering.
The Global Industrial Fastener market will grow at a CAGR of 6.12 percent over the period 2013-2018.
One of the major trends emerging in the Global Industrial Fastener market is the development of industry-specific industrial fasteners. The intense competition between industrial fastener vendors has resulted in the development of fasteners with more features and capabilities to provide enhanced performance. In addition, with the increase in technological developments, several vendors are developing industry-specific fasteners for increased efficiency. For instance, vendors are developing alloy fasteners and wrenchable nuts with increased strength and corrosion and temperature-resistance properties for the Aerospace and Defense sector. They are also developing self-clinching and self-locking fasteners that are expected to enhance the operational efficiency for plastic assemblies.
The growth of the Global Industrial Fastener market is driven by several factors, of which the need to develop superior quality end-products is one of the most important. The use of superior quality industrial fasteners with high precision enhances the strength of end-products and makes them reliable. It also helps reduce their maintenance costs.
Further, the report states that an increase in the price of industrial fasteners is one of the major challenges. A rise in prices of raw materials such as bronze, polycarbonate, cast iron, stainless steel, and alloys leads to an increase in the price of industrial fasteners.
Key Vendors
- Alcoa Inc.
- Illinois Tool Works Inc.
- Precision Castparts Corp.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Product
- Market Segmentation by End-users
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/fl4lmp/global_industrial
