Screw Fastener Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Screw fastener is made up of metal and is used to fasten materials by digging in and wedging into a material. Thread cuts grooves in the fastened material helps to pull fastened materials together and prevent pull-out. These fasteners are self-tapping in and requires a predrilled hole. Screw fasteners are available in two types, including right-handed screw and left-handed screw.

MARKET DYNAMICS

Increasing production of industrial machinery and components are driving the growth of the screw fastener market. However, the rise in the cost of raw materials may restrain the growth of the screw fastener market. Furthermore, the booming construction industry and automotive industry are anticipated to create a market opportunity for the screw fastener market during the forecast period.

MARKET SCOPE

The "Global Screw Fastener Market Analysis To 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The screw fastener market report aims to provide an overview of the screw fastener market with detailed market segmentation by product type, material, application, and geography. The global screw fastener market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading screw fastener market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global screw fastener market is segmented on the basis of product type, material, and application. Based on product type, the screw fastener market is segmented into: deck screws, hex lag screws, self-drilling screws, sheet metal screws, and wood screws. On the basis of material, the screw fastener market is segmented into: steel, copper, aluminum, and others. Based on application, the screw fastener market is segmented into: automotive, machinery, construction, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global screw fastener market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The screw fastener market by each region is later sub-segmented by respective countries and segments. The screw fastener market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the screw fastener market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the screw fastener market in these regions.

IMPACT OF COVID-19 ON SCREW FASTENER MARKET

The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has a negative impact on the screw fastener market in 2021. The manufacturing businesses were on halt during the COVID-19 pandemic due to governmental norms across several countries. Further, the raw materials were not easily available. This factor reduces the manufacturing activities in the industries. The supply and the demand side were both affected. The lockdown imposition has resulted in lesser production of commodities, goods, and services. However, in 2021, with the uplifting of lockdown and vaccination processes, the manufacturing businesses have started working again. And the demand for power tools in the industrial sector increases. So, the demand for screw fastener market has started rising in 2021.

MARKET PLAYERS

The reports cover key developments in the screw fastener market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from screw fastener market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the screw fastener market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the screw fastener market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Acument Global Technologies
•   Arconic
•   Big Bolt Nut
•   Ciser Fasteners
•   Cooper and Turner Ltd.
•   Dokka Fasteners Inc.
•   LISI SA
•   Marmon Group
•   NingBoXinXing Fasteners Manufacture Co., Ltd.
•   Stanley Black and Decker, Inc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Screw Fastener Report Scope