US market research firm Grviewresearch recently released a report on the industrial fastener market, which analyzed the analysis of three types of fastener products, externally threaded fasteners, aerospace fasteners and other standard fasteners, and It is pointed out that in view of the automotive industry's demand for fasteners, the global fastener market demand will rise sharply in the next six years. The US market research company grviewresearch (hereinafter referred to as gvr) is dedicated to the research market and recently released a report on the industrial fastener market. This analysis analyzed the analysis of three types of fastener products with externally threaded fasteners. Firmware and other standard fasteners, and pointed out that in the next six years, the global fastener market demand will rise sharply in view of the automotive industry's demand for fasteners. By 2020, the global industrial fastener market demand will reach $104 billion. At the same time, gvr pointed out that with the economic growth of the United States, China, Brazil, Russia, Poland and India and the development of industry, the construction industry of these countries will continue to grow, which will further drive the demand for fasteners. In addition, the growth of consumer electronics such as electronics, aerospace, machinery, maintenance (mro), and motor vehicles will also stimulate demand for fasteners. Gvr's market analysis report also shows that in 2013, the threaded fastener market accounted for the largest share, accounting for more than 45 market share; while car oem was the second largest application market with a market share of more than 20. In particular, the development of future railway fasteners is expected to open up a new market path and contribute to the improvement of processing technology and mechanical performance.
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