The market value for globalBolts Marketwas USD 91 Billion in 2022 and is expected to reach USD 129.52 Billion in 2032 growing at a CAGR of 4% during the forecast period.The market is primarily driven by the expansion of the automotive and construction sectors, which has increased demand for bolts in a variety of applications. Bolts are utilized to provide a secure and long-lasting fastening solution and are an essential part of any construction or piece of machinery.
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The expansion of the construction sector is one of the main factors driving the Bolts Market. Global building activity has increased as a result of population growth and urbanization. Bolts are frequently used in the building sector to secure infrastructure projects such as bridges and buildings. In addition, the governments increased investment in infrastructure projects is expected to fuel the Bolts Markets expansion in the ensuing years.
Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as license agreements, partnerships, merger and acquisitions, collaborations, RD investments, and joint ventures to gain robust footing in the market.
Major Companies:
- Acument Global Technologies
- Bulten AB
- Fastenal Company
- Kaman Corporation
- LISI Group
- NipponSteel Sumitomo Metal Corporation
- PennEngineering
- Stanley Black Decker
- TR Fastenings
- Wrth Group
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Bolts Market Segmentation:
Type Outlook:
- Hexagonal
- Square-head
- Round-head
- T-head
- Others
Application Outlook:
- Automotive
- Construction
- Aerospace
- Machinery
- Others
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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