Industrial Fasteners Market Global Analysis & Forecast Report 2028
Industrial Fasteners Industry Overview The global industrial fasteners market size is expected to reach USD 119.01 billion by 2028, registering a CAGR of 4.1% during the forecast period, according to a new report by Grand View Research, Inc. Increasing mechanization and growing utilization of machinery in industrial applications are expected to drive the product demand during the forecast period. Industrial Fasteners Market Segmentation Grand View Research has segmented the global industrial fasteners market based on raw material, product, application, and region: Based on the Raw Material Insights, the market is segmented into Metal and Plastic. The metal raw material segment accounted for the largest revenue share of more than 91% in 2020 owing to the high demand for metal fasteners. High tensile strength, enhanced lifespan, and durability of metal products are the factors for their popularity in industrial bonding applications. Metal fasteners are manufactured usin...