The market value for global Bolts Market was 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 government’s increased investment in infrastructure projects is expected to fuel the Bolts Market’s 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, R&D investments, and joint ventures to gain robust footing in the market.
Major Companies:
- Acument Global Technologies
- Bulten AB
- Fastenal Company
- Kaman Corporation
- LISI Group
- Nippon Steel & Sumitomo Metal Corporation
- PennEngineering
- Stanley Black & Decker
- TR Fastenings
- Würth 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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