Industrial fasteners are efficient tools used to connect two or more parts, enabling the development of superior-quality and reliable products.
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Reportstack Announces the Publication of its Research Report - Global Industrial Fastener Market 2014-2018. The following companies are the key players in Global Industrial Fastener Market: Alcoa Inc., Illinois Tool Works Inc., Precision Castparts Corp., Acument Global Technologies Inc., Federal Screw Works,Ingersoll-Rand Inc., Nitto Seiko Co. Ltd., Sundram Fasteners Ltd., TRW Automotive.
“One of the major trends emerging in the Global Industrial Fastener market is the development of industry-specific industrial fasteners. The intense competition between industrial fastener vendors has resulted in the development of fasteners with more features and capabilities to provide enhanced performance. In addition, with the increase in technological developments, several vendors are developing industry-specific fasteners for increased efficiency. For instance, vendors are developing alloy fasteners and wrenchable nuts with increased strength and corrosion and temperature-resistance properties for the Aerospace and Defense sector. They are also developing self-clinching and self-locking fasteners that are expected to enhance the operational efficiency for plastic assemblies. ”
According to the report, the growth of the Global Industrial Fastener market is driven by several factors, of which the need to develop superior quality end-products is one of the most important. The use of superior quality industrial fasteners with high precision enhances the strength of end-products and makes them reliable. It also helps reduce their maintenance costs.
Further, the report states that an increase in the price of industrial fasteners is one of the major challenges. A rise in prices of raw materials such as bronze, polycarbonate, cast iron, stainless steel, and alloys leads to an increase in the price of industrial fasteners. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.reportstack.com/product/152722/global-industrial-fastener-market-2014-2018.html