Automotive sector to drive industrial fasteners growth – Market Report
Industrial fasteners are expected to witness significant demand growth owing to increased application across electrical, automotive, and other industrial sectors. Furthermore, introduction of new features such as coatings to fasteners to protect them from abrasion and rust are also favouring industry players.
According to market research report, the growth is projected in potential market such as the United States, China, Germany, and the United Kingdom.
Various market trends are anticipated to be witnessed
• High demand for plastic fasteners
• Threaded industrial fasteners to get more popular
• Demand from automotive and building & construction sectors to drive sales
• Asia Pacific to exhibit fastest growth in the global industrial fasteners market
• Germany to remain in the spotlight in Europe’s industrial fasteners industry
• China, Japan, India, France, Italy, and UK to remain potential markets