Jun 16, 2022   SOURCE: BusinessWire

Outlook on the Bolts Global Market to 2030 - Featuring AB Steel, Big Bolt Nut and Fastenal Among Others - ResearchAndMarkets.com

The "Bolts Market by Type, Material and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The global bolts market was valued at $46,854.3 million in 2020, and is projected to reach $81,174.7 million by 2030, registering a CAGR of 5.7% from 2021 to 2030.

Bolts are a type of fastener that consist of a head and a cylindrical body with threads either throughout or along a portion of its length. Bolts are extensively used to secure objects in their position.

Full screw and half screw are the two major types of bolts. Bolts are installed in the precut bolt holes to secure two or more components. Bolts are extensively used for connecting various components in automotive manufacturing, aerospace manufacturing, construction projects and industrial machineries. Increasing investments in construction activities and various government initiatives to boost automotive industry propels the growth of the bolts market.

An increase in construction activities across the globe and growth of aerospace industry creates a demand for bolts. However, fluctuation in raw material prices and increase in energy prices may hamper the market growth. Furthermore, increasing purchasing power of masses in developing countries has boosted the demand for automobiles, thereby fueling the automotive industry and providing lucrative growth opportunities for the bolts market.

Key Benefits

  • The report provides an extensive analysis of the current and emerging bolts market trends and dynamics.
  • In-depth market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2030.
  • Extensive analysis of the bolts market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
  • The global bolts market forecast analysis from 2021 to 2030 is included in the report.
  • The key market players within bolts market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the bolts industry

Market Dynamics

Drivers

  • Growth of construction industry
  • Growth of manufacturing sector
  • Technical & Economic Efficiency

Restraint

  • Fluctuating Cost of Raw Materials
  • Less Accuracy of Bolted Connections

Opportunity

  • Increase in demand from automotive industry

Key Segments

By Type

  • Half Screw Bolt
  • Full Screw Bolt

By Material

  • Plastic
  • Metal

By End-user

  • Automotive
  • Aerospace
  • Construction
  • Industrial Machinery
  • Other

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Players

  • AB Steel Inc.
  • B&G Manufacturing
  • Big Bolt Nut
  • Brunner Manufacturing Co., Inc.
  • Fabory
  • Fastenal Company
  • KD Fasteners, Inc.
  • Keller & Kalmbach Gmbh
  • Reyher
  • Rockford Fastener, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/ypg4er