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Global Industrial Fasteners Market to Rise US$94.65 Billion by 2018 : Transparency Market Research

Albany, NY, Dec. 9, 2014 (GLOBE NEWSWIRE) -- A new research study on the global market of Industrial Fasteners published by Transparency Market Research, a U.S.-based market intelligence firm, states, the market will grow at a modest pace of 5.4% between the years 2012 and 2018. The report forecasts that the global industrial fasteners market, which had a net worth of US$65.50 billion in 2011, will rise to US$94.65 billion by 2018.

Browse the full Report of Industrial Fasteners Market : http://www.transparencymarketresearch.com/industrial-fasteners-market.html

The market of industrial fasteners is a mature industry. The need for efficient, corrosion and aesthetics resistant, strong and cost effective industrial fasteners remains imperative in any industrial machine due to their core functionality of mechanically joining various parts, devices or surfaces together.

While the flourishing global market of automotives will remain the chief driving force for the global industrial fasteners market in the coming years, rising demands from infrastructure development, maintenance and construction industries will also prove beneficial for the market. The report states, the construction application sector of the global industrial fasteners market will grow at a CAGR of nearly 9% during the forecast period.

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However, market growth will be hampered to certain extent due to imposition of high duties against anti-dumping by the European Union.

The product type externally threaded industrial fasteners accounted for over US$25 billion worth of revenues for the overall industrial fasteners market in 2011. During the forecast period as well, this market segment is expected to grow at the fastest pace owing to high rates of industrialization in developing countries.

Browse Press Release of Industrial Fasteners Market: http://www.transparencymarketresearch.com/pressrelease/industrial-fasteners-market.htm

Asia-Pacific accounted for the largest share of revenues of the global industrial fasteners market in the year 2012; by 2018, this regional market is expected to have hold of nearly 45% share of the market owing to rapid industrialization, and the flourishing construction and automobiles industries in these regions.

The global industrial fasteners market is highly fragmented, with the top five businesses in the market having a collective share of only about 15% revenues by the end of 2011.

Other Published Reports By Transparency Market Research :

The key businesses operating in the market include Alcoa Incorporated, LISI Group, Precision Castparts Corporation, Illinois Tool Works Incorporated, NIFCO, Penn Engineering & Manufacturing Corporation, ITW, Stanley Black & Decker, among others.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Source:Transparency Market Research