The Europe industrial fasteners market is anticipated to at a remarkable CAGR during the forecast period. Europe has a high demand for value-added materials both from industries and the consumer sector due to high disposable incomes. The fastener market in Europe is largely driven by the demand from key end-user industries in Germany, the UK, and France. The region is a significant market for key fastener vendors, especially in western Europe. The demand from OEM and MRO clients constitute a significant share in the region, where institutional users are increasingly replacing their end-of-life machines and infrastructure for better, faster, and high-performance alternatives, thus creating a demand opportunity for all types of fasteners. Further, the highly industrialized countries of Europe such as Germany, France, and the UK will drive the need for specialty fasteners as these industrialized nations seek to increase the productivity of their manufacturing operations through the purchase of high-performance and value-added equipment.

On the other hand, the COVID-19 pandemic has disrupted nearly all the major end-user industries in Europe, resulting in decreased demand for industrial fasteners. Under the lockdown norms, the commercial and industrial activities came to a halt, which had a negative impact on the industrial fasteners industry in Europe. Amid the COVID-19, there is a huge uncertainty for major end-user industries which has negatively impacted the industrial fasteners market in Europe.

The Europe industrial fasteners market is segmented based on product type, material, and end-user. Based on product type, the industrial fasteners market is segmented into threaded, non-threaded, and specialty. Based on material, the industrial fasteners market is segmented into metal and non-metal. On the basis of end-user, the market is classified into automotive, aerospace, construction, consumer appliance and furniture, and industrial and consumer machinery. Europe is one of the largest markets for non-threaded fasteners accounting for a remarkable revenue share in 2019 and is expected to add even more revenue.

Country-wise, the market is segmented into the UK, Germany, France, Italy, Spain, and Rest of Europe. Germany is one of the largest economies in Europe and a major technological and industrial hub for several industries. Robust infrastructure and lower corporate taxes are having a positive impact on the market. Germany is also Europe's main automobile market and accounts for more than 18% of the region's automobile sales. In 2018, the nation accounted for more than 6% of global automotive production. Owing to the sovereign debt crisis, car sales over the past few years have been experiencing a decline. The market has, however, bounced back with automotive sales rising in recent years. These factors, coupled with others such as positive growth in the construction and renovation sector in the industrial application, are expected to create opportunities for all types of fastening products in the country.

With significant engineering budgets and the presence of prominent players such as Hilti, Fontana, and LISI, among others, the region witnessed the launch of new, efficient, and better-performing fasteners every year, thereby driving demand and contributing to the substitution of older and outdated end-of-life fastening products.

Research Methodology

The market study of the Europe industrial fasteners market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Europe Industrial Fasteners Market Research and Analysis by Product Type
2. Europe Industrial Fasteners Market Research and Analysis by Material
3. Europe Industrial Fasteners Market Research and Analysis by End-user

The Report Covers

• Comprehensive research methodology of the Europe industrial fasteners market.
• This report also includes a detailed and extensive market overview with the key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Europe industrial fasteners market.
• Insights about market determinants which are stimulating the Europe industrial fasteners market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.