Automobile and Various Other End-User Industries to Create Significant Demand for Indian Industrial Fasteners Market

The Indian industrial fasteners market is estimated to exhibit a steady CAGR of 6.0% during the forecast period (2021-2027). India and China hosted 36% of the world’s population in 2020, representing consumers with rapidly rising disposable incomes coupled with an attractive demographic dividend and constructive regulatory regimes. This makes these markets most attractive for varied end-user products ranging from automobiles, aircraft, watches, electronic appliances, and healthcare equipment. An increase in India’s dominance of manufacturing presence over the next decade is inevitable. 

Browse the full report description Indian Industrial Fasteners Market Size, Share & Trends Analysis Report by Product Type (Threaded, Non-threaded, and Specialty), by Material (Metal and Non-metal), and by End-user (Automotive, Aerospace, Construction, Consumer Appliance and Furniture, and Industrial and Consumer Machinery) Forecast Period (2021-2027) at https://www.omrglobal.com/industry-reports/indian-industrial-fasteners-market

The automobile sector is also adding to new demand for fasteners as the country is witnessing a rise in production and sales of new cars and components that are manufactured in the country. India's car industry is witnessing major demand in recent years, more so after the few months of the COVID-19 pandemic. The nation has a large middle-class community that can buy vehicles. The nation also has a stable aftersales market in addition to OEMs. India is on a steadily upward track, alongside its aerospace and vehicle manufacturing sectors. Thus, the fasteners market in India looks promising for vendors. As the market potential for innovative manufacturing is rapidly growing in recent years, India is likely to provide vast opportunities for both global and local vendors during the forecast period.

Market Coverage

• Market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- by Product Type, Material, and End-user
• Country Covered- India
• Competitive Landscape- APL, EJOT, Hilti Corporation, NIFCO INC., and Wilhelm Böllhoff GmbH & Co. KG

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in base year?
• Which segment will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID-19 forecast

o Most affected segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

India Industrial Fasteners Market Report Segment

By Product Type

• Threaded
• Non-threaded
• Specialty

By Material

• Metal
• Non-metal

By End-user

• Automotive
• Aerospace
• Construction
• Consumer Appliance and Furniture
• Industrial and Consumer Machinery