Global Fasteners Market Analysis 2024: A US$116.59 Billion Market by 2029, Featuring Key Vendors Parker-Hannifin, Honeywell, Penn Engineering & Manufacturing, AF Fasteners, Eagle Fastener and More - ResearchAndMarkets.com
In 2023, the global fasteners market was valued at US$89.43 billion, and is forecast to reach US$116.59 billion by 2029.
- In 2023, the global fasteners market was valued at US$89.43 billion, and is forecast to reach US$116.59 billion by 2029.
- The global fasteners market value is projected to grow at a CAGR of 4.52%, during the forecast period of 2024-2029.
- Furthermore, technological advancements and innovations also influence the industrial fasteners market Also, the focus on sustainability and environmental considerations is impacting the fasteners market.
- Trends: One of the most distinct and pervasive trends observed in the global fasteners market is globalization and international trade.