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From 2024–2031, the worldwide bolts market is anticipated to expand from an initial 2024 valuation of USD 55.23B at a CAGR (compound annual growth rate) of 6.3%.
Over the projected period, the market is expected to be supported by the rising usage of automated bolt fastening systems and the increasing penetration of carbon and alloy bolts in various application industries. There have been significant technological advancements in the manufacturing of lightweight bolts for use in automobiles and factories, which should lead to an expansion of their potential uses in these sectors. Simple, easy-to-assemble designs and constructions made from high-quality materials have also become popular in recent years.
Rapid urbanization has been a consequence of the increasing population in growing countries like Brazil, Mexico, India, and China. Nearly 68% of the global population will reside in urban settings by 2050, according to the UN. Infrastructure like metro trains and airports would be in high demand due to this fast urbanization, which is good news for the construction industry. For example, as of 2020, ten cities in India have metro rail systems that are fully operating, and another fifteen cities are expected to have these systems operational in the next years. The demand for bolts is anticipated to rise due to the rapid increase in construction activities. In addition, developing nations are seeing explosive expansion in the automotive industry. For example, in recent years, China's automotive industry has grown to become the biggest in the world, and Mexico has become a major center for automobile production in Latin America. But, the bolts market could be stymied by variables including energy price hikes and swings in the cost of raw materials like steel.
A new coronavirus has emerged and is swiftly spreading over the world, changing people's lives and the way society functions as a whole. From its humble beginnings as a human health issue, it has grown into a major danger to international commerce, economics, and finance. Many bolt industry goods have been put on hold as a result of the COVID-19 pandemic-related lockdown. Also, once the COVID-19 vaccine is available to the public, the number of confirmed cases should go down. As a result, bolt production enterprises have resumed operations at full capacity. By the beginning of 2023, this will aid in the market's recovery. As the number of confirmed instances of COVID-19 starts to fall, bolt producers will need to take precautions to safeguard their employees, facilities, and supply chains in order to deal with pressing crises and implement innovative approaches to their business.
Bolts are predicted to be in high demand in the construction industry in the United States due to the rising number of large-scale infrastructure investment projects. These projects include hospitals and hotels in New York, Missouri, and Los Angeles. In addition, the building industry is being propelled by rising demand for solutions that are energy efficient. The demand for bolts is anticipated to be dampened by the increasing demand for pressure-sensitive tapes and adhesives for bonding and non-thermal hydraulic (NVH) applications in heavy machinery equipment. Substitution is not likely to be a major concern over the projection period, though, because the aforementioned materials have limited replacement scope when it comes to providing impact resistance in heavy-duty applications.
Metal, plastic, or hybrid bolts are just a few of the options available. Bolts made of metal are widely used in applications that require high strength, which is why they dominate the global market. Bronze, alloy steel, copper, brass, titanium, nickel, silicon, carbon steel, and stainless steel are some of the basic materials used to make these goods. Government infrastructure investment and rising demand for commercial and residential building developments are driving the construction industry forward. To guarantee safe and long-lasting building, the construction industry demands precision and strength. The global market is expanding as a result of these causes.
Screws, nuts, rivets, bolts, washers, and guides are all part of the structural hardware of an aircraft. The growth of commercial aircraft production capacity, improvements in technology, and higher defense spending on research and development are the main forces propelling the aerospace fasteners industry. The rising number of flights and people around the world is driving up demand for products, which in turn is growing the market.
Report Coverage
Global Bolts research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bolts report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bolts competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bolts market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bolts market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bolts market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
KELLER & KALMBACH GMBH, A.B. STEEL WORK, REYHER Nchfg. GmbH & Co. KG, B&G MANUFACTURING CO. INC., FABORY, KD FASTENERS, INC., FASTENAL COMPANY, BRUNNER MANUFACTURING CO., INC., BIG BOLT NUT, ELGIN FASTENER GROUP, Würth Industrie Service GmbH & Co. KG, AB STEEL, ckford Fastener, Inc., AMARDEEP STEEL, Viha Steel & Forging.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Bolts market based on the below-mentioned segments:
Global Bolts Market, By Type
Half Screw Bolt
Full Screw Bolt
Global Bolts market, By Material
Metal
Plastic
Global Bolts Market, By End User
Automotive
Aerospace
Construction
Industrial Machinery
Others
Global Bolts market, Regional Analysis
Over the projected period, the market is expected to be supported by the rising usage of automated bolt fastening systems and the increasing penetration of carbon and alloy bolts in various application industries. There have been significant technological advancements in the manufacturing of lightweight bolts for use in automobiles and factories, which should lead to an expansion of their potential uses in these sectors. Simple, easy-to-assemble designs and constructions made from high-quality materials have also become popular in recent years.
Rapid urbanization has been a consequence of the increasing population in growing countries like Brazil, Mexico, India, and China. Nearly 68% of the global population will reside in urban settings by 2050, according to the UN. Infrastructure like metro trains and airports would be in high demand due to this fast urbanization, which is good news for the construction industry. For example, as of 2020, ten cities in India have metro rail systems that are fully operating, and another fifteen cities are expected to have these systems operational in the next years. The demand for bolts is anticipated to rise due to the rapid increase in construction activities. In addition, developing nations are seeing explosive expansion in the automotive industry. For example, in recent years, China's automotive industry has grown to become the biggest in the world, and Mexico has become a major center for automobile production in Latin America. But, the bolts market could be stymied by variables including energy price hikes and swings in the cost of raw materials like steel.
A new coronavirus has emerged and is swiftly spreading over the world, changing people's lives and the way society functions as a whole. From its humble beginnings as a human health issue, it has grown into a major danger to international commerce, economics, and finance. Many bolt industry goods have been put on hold as a result of the COVID-19 pandemic-related lockdown. Also, once the COVID-19 vaccine is available to the public, the number of confirmed cases should go down. As a result, bolt production enterprises have resumed operations at full capacity. By the beginning of 2023, this will aid in the market's recovery. As the number of confirmed instances of COVID-19 starts to fall, bolt producers will need to take precautions to safeguard their employees, facilities, and supply chains in order to deal with pressing crises and implement innovative approaches to their business.
Bolts are predicted to be in high demand in the construction industry in the United States due to the rising number of large-scale infrastructure investment projects. These projects include hospitals and hotels in New York, Missouri, and Los Angeles. In addition, the building industry is being propelled by rising demand for solutions that are energy efficient. The demand for bolts is anticipated to be dampened by the increasing demand for pressure-sensitive tapes and adhesives for bonding and non-thermal hydraulic (NVH) applications in heavy machinery equipment. Substitution is not likely to be a major concern over the projection period, though, because the aforementioned materials have limited replacement scope when it comes to providing impact resistance in heavy-duty applications.
Metal, plastic, or hybrid bolts are just a few of the options available. Bolts made of metal are widely used in applications that require high strength, which is why they dominate the global market. Bronze, alloy steel, copper, brass, titanium, nickel, silicon, carbon steel, and stainless steel are some of the basic materials used to make these goods. Government infrastructure investment and rising demand for commercial and residential building developments are driving the construction industry forward. To guarantee safe and long-lasting building, the construction industry demands precision and strength. The global market is expanding as a result of these causes.
Screws, nuts, rivets, bolts, washers, and guides are all part of the structural hardware of an aircraft. The growth of commercial aircraft production capacity, improvements in technology, and higher defense spending on research and development are the main forces propelling the aerospace fasteners industry. The rising number of flights and people around the world is driving up demand for products, which in turn is growing the market.
Report Coverage
Global Bolts research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bolts report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bolts competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bolts market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | KELLER & KALMBACH GMBH, A.B. STEEL WORK, REYHER Nchfg. GmbH & Co. KG, B&G MANUFACTURING CO. INC., FABORY, KD FASTENERS, INC., FASTENAL COMPANY, BRUNNER MANUFACTURING CO., INC., BIG BOLT NUT, ELGIN FASTENER GROUP, Würth Industrie Service GmbH & Co. KG, AB STEEL, ckford Fastener, Inc., AMARDEEP STEEL, Viha Steel & Forging. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Bolts Market from 2021 to 2031.
- Market Forecast for Bolts Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Bolts competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Bolts
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bolts market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bolts market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
KELLER & KALMBACH GMBH, A.B. STEEL WORK, REYHER Nchfg. GmbH & Co. KG, B&G MANUFACTURING CO. INC., FABORY, KD FASTENERS, INC., FASTENAL COMPANY, BRUNNER MANUFACTURING CO., INC., BIG BOLT NUT, ELGIN FASTENER GROUP, Würth Industrie Service GmbH & Co. KG, AB STEEL, ckford Fastener, Inc., AMARDEEP STEEL, Viha Steel & Forging.
Primary Target Market
- Market Players of Bolts
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Bolts market based on the below-mentioned segments:
Global Bolts Market, By Type
Half Screw Bolt
Full Screw Bolt
Global Bolts market, By Material
Metal
Plastic
Global Bolts Market, By End User
Automotive
Aerospace
Construction
Industrial Machinery
Others
Global Bolts market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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