![]() ![]() Increasing industrial development and a rise in the use of fasteners in the automobile sector is expected to increase the growth of the industrial fasteners market during the forecast period. The region will continue its dominance during the forecast period. North America dominated the market with the highest market share in 2022. ![]() In the upcoming years, market development is anticipated to be further aided by the rising output of machinery, automobiles, and other durable goods because of various nations' expanding economies. They have been utilized in machinery, robotics, and medicinal adhesives. Consumer electronics like PCs and cell phones use industrial fasteners. In all industries, fasteners of every kind have been employed. Along with the fasteners themselves, fastener goods also come with installation-related tools, equipment, and supplies. An essential hardware component, a fastener is used to mechanically attach or fix two or more things together in various engineering-related applications. 01, 2023 (GLOBE NEWSWIRE) - The industrial fasteners market size was valued at USD 94.2 billion in 2022. According to Precedence Research, the global industrial fasteners market size is predicted to hit around USD 153 billion by 2032, and it is expanding at a CAGR of 4.97% over the forecast period 2023 to 2032. ![]()
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