Asia Industrial Fasteners Market Analysis By Product (Externally Threaded, Aerospace Grade, Other Standard), By Application (Automotive OEM, Machinery OEM, Construction, MRO) And Segment Forecasts To 2020
Asia Industrial Fastener Market is expected to reach USD 44.12 billion by 2020, according to a new study by Grand View Research, Inc. Growing automotive demand in light of increasing disposable income of consumers is expected to propel demand for industrial fasteners over the next five years. China dominated the Asia fasteners market in 2013 and the trend is anticipated to continue over the forecast period on account of rapid expansion of domestic manufacturing base. India is expected to witness the fastest growth over the projected period as a result of increasing automotive production. In addition, infrastructure improvement in emerging economies is likely to propel demand for screws, bolts and rivets. Economic growth and rapid industrialization in China, India, Malaysia, Vietnam, Malaysia and Thailand is anticipated to stimulate investments for construction which in turn is likely to augment industrial fastener market over the projected period.
Increasing use of fasteners in the manufacturing of automotive parts including engine, body, molding, suspension system, frame, body assembling and wheels is expected to drive market growth. Growing production of aircraft parts in China on account of “The 2011 State Council Policy” for aerospace sector is expected to spur market growth. Increasing number of regional manufacturers in China including Shanghai, Chengdu, Xi’an, Jiangxi and Shenyang is further anticipated to boost industrial fastener market over the forecast period. However, rising market share of substitutes such as PU adhesives is anticipated to restrain industrial faster market in the automotive and construction sector over the forecast period.
Further key findings from the study suggest:
Asia industrial fastener market demand in construction applications accounted for less than 10% of revenue share in 2013 and is expected to witness the fastest growth on account of rising government expenditure on infrastructure development in China, India and Japan. The commencement of 12th Five Year Plan of Civil Aviation Administration of China (CAAC) resulted in construction of 56 new airports and expansion of 16 airports with a total investment of USD 68.5 billion, thereby boosting construction sector in the country. This in turn is anticipated to boost industrial fastener demand over the projected period.
China was the largest industrial fastener market, accounting for more than 40% of revenue in 2013. Growing domestic demand for vehicles due to improving infrastructure conditions coupled with rising disposable income have been key factors responsible for automobile production growth in China. This in turn is expected to boost industrial fastener market over the projected period.
Japan is expected to witness growth on account of high penetration of industrial fastener manufacturers in the country and their strategic partnerships with OEM and MRO companies.
Key players present in the industrial fastener market in Asia include Micron Precision Screws Ltd., Asia Bolts Industries, Nippon Industrial Fasteners Company, Shanghai Fasteners Company, Kova Fasteners Pvt. Ltd., Avon Industrial Corporation, Beijing Jin Zhaobo High Strength Fastener Co. Ltd, Peaksight Fasteners, Sundaram Fasteners, Ekta Industries, Standard Fasteners Ltd., Caparo, Bossard, Chao Jing Precise Machine Co., Ltd., Ochiai, Japan Power Fastening Co., Ltd, Ranflex Metals, NIFCO. Asian market for industrial fasteners was highly fragmented due to the presence of numerous companies especially in Japan, India and China. Product innovation and formation of strategic alliances with application users are expected to be critical success factors for the market. New product innovation and advanced processing techniques are likely to open new market opportunities over the forecast period.
Increasing use of fasteners in the manufacturing of automotive parts including engine, body, molding, suspension system, frame, body assembling and wheels is expected to drive market growth. Growing production of aircraft parts in China on account of “The 2011 State Council Policy” for aerospace sector is expected to spur market growth. Increasing number of regional manufacturers in China including Shanghai, Chengdu, Xi’an, Jiangxi and Shenyang is further anticipated to boost industrial fastener market over the forecast period. However, rising market share of substitutes such as PU adhesives is anticipated to restrain industrial faster market in the automotive and construction sector over the forecast period.
Further key findings from the study suggest:
Asia industrial fastener market demand in construction applications accounted for less than 10% of revenue share in 2013 and is expected to witness the fastest growth on account of rising government expenditure on infrastructure development in China, India and Japan. The commencement of 12th Five Year Plan of Civil Aviation Administration of China (CAAC) resulted in construction of 56 new airports and expansion of 16 airports with a total investment of USD 68.5 billion, thereby boosting construction sector in the country. This in turn is anticipated to boost industrial fastener demand over the projected period.
China was the largest industrial fastener market, accounting for more than 40% of revenue in 2013. Growing domestic demand for vehicles due to improving infrastructure conditions coupled with rising disposable income have been key factors responsible for automobile production growth in China. This in turn is expected to boost industrial fastener market over the projected period.
Japan is expected to witness growth on account of high penetration of industrial fastener manufacturers in the country and their strategic partnerships with OEM and MRO companies.
Key players present in the industrial fastener market in Asia include Micron Precision Screws Ltd., Asia Bolts Industries, Nippon Industrial Fasteners Company, Shanghai Fasteners Company, Kova Fasteners Pvt. Ltd., Avon Industrial Corporation, Beijing Jin Zhaobo High Strength Fastener Co. Ltd, Peaksight Fasteners, Sundaram Fasteners, Ekta Industries, Standard Fasteners Ltd., Caparo, Bossard, Chao Jing Precise Machine Co., Ltd., Ochiai, Japan Power Fastening Co., Ltd, Ranflex Metals, NIFCO. Asian market for industrial fasteners was highly fragmented due to the presence of numerous companies especially in Japan, India and China. Product innovation and formation of strategic alliances with application users are expected to be critical success factors for the market. New product innovation and advanced processing techniques are likely to open new market opportunities over the forecast period.
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Asia industrial fasteners industry summary and critical success factors (CSFs)
CHAPTER 3. ASIA INDUSTRIAL FASTENERS INDUSTRY OUTLOOK
3.1. Industrial fasteners market segmentation
3.2. Industrial fasteners market size and growth prospects
3.3. Industrial fasteners market value chain analysis
3.3.1. Vendor Landscape
3.4. Raw material outlook, 2012 - 2020
3.5. Technology overview
3.6. Industrial fastener market dynamics
3.6.1. Market driver analysis
3.6.1.1. Growing construction industry in Asia
3.6.1.2. Growing demand in automotive industry
3.6.1.3. Growing demand for fasteners in aerospace industry
3.6.1.4. Growing application scope of fasteners in electronics and healthcare
3.6.2. Market restraint analysis
3.6.2.1. Increasing anti-dumping measures
3.6.2.2. Increasing market share of substitutes
3.7. Key market opportunities - Prioritized
3.8. Industry analysis - Porter's
3.9. Industrial fastener market PESTEL analysis, 2013
CHAPTER 4. ASIA INDUSTRIAL FASTENERS PRODUCT OUTLOOK
4.1. Asia industrial fasteners market share by product, 2013 & 2020
4.2. Externally Threaded
4.2.1. Externally threaded market estimates and forecast, 2012 – 2020
4.3. Aerospace Grade
4.3.1. Aerospace grade market estimates and forecast, 2012 – 2020
4.4. Other Standard Fasteners
4.4.1. Other standard fasteners market estimates and forecast, 2012 – 2020
CHAPTER 5. ASIA INDUSTRIAL FASTENERS APPLICATION OUTLOOK
5.1. Asia industrial fasteners market share by application, 2013 & 2020
5.2. Automotive OEM
5.2.1. Automotive OEM market estimates and forecast, 2012 – 2020
5.3. Machinery OEM
5.3.1. Machinery OEM market estimates and forecast, 2012 – 2020
5.4. Construction
5.4.1. Construction market estimates and forecast, 2012 – 2020
5.5. MRO
5.5.1. MRO market estimates and forecast, 2012 – 2020
5.6. Other OEM
5.6.1. Other OEM application market estimates and forecast, 2012 – 2020
CHAPTER 6. ASIA INDUSTRIAL FASTENERS COUNTRY OUTLOOK
6.1. Asia industrial fasteners market share by region, 2013 & 2020
6.2. China
6.2.1. China industrial fasteners market estimates and forecast, 2012 – 2020
6.2.2. China industrial fasteners market estimates and forecast by product, 2012 – 2020
6.2.3. China industrial fasteners market estimates and forecast by application, 2012 – 2020
6.3. India
6.3.1. India industrial fasteners market estimates and forecast, 2012 – 2020
6.3.2. India industrial fasteners market estimates and forecast by product, 2012 – 2020
6.3.3. India industrial fasteners market estimates and forecast by application, 2012 – 2020
6.4. Japan
6.4.1. Japan industrial fasteners market estimates and forecast, 2012 – 2020
6.4.2. Japan industrial fasteners market estimates and forecast by product, 2012 – 2020
6.4.3. Japan industrial fasteners market estimates and forecast by application, 2012 – 2020
6.5. South Korea
6.5.1. South Korea industrial fasteners market estimates and forecast, 2012 – 2020
6.5.2. South Korea industrial fasteners market estimates and forecast by product, 2012 – 2020
6.5.3. South Korea industrial fasteners market estimates and forecast by application, 2012 – 2020
6.6. Malaysia
6.6.1. Malaysia industrial fasteners market estimates and forecast, 2012 – 2020
6.6.2. Malaysia industrial fasteners market estimates and forecast by product, 2012 – 2020
6.6.3. Malaysia industrial fasteners market estimates and forecast by application, 2012 – 2020
6.7. Vietnam
6.7.1. Vietnam industrial fasteners market estimates and forecast, 2012 – 2020
6.7.2. Vietnam industrial fasteners market estimates and forecast by product, 2012 – 2020
6.7.3. Vietnam industrial fasteners market estimates and forecast by application, 2012 – 2020
CHAPTER 7. COMPETITIVE LANDSCAPE
7.1. Asia Bolts Industries LLC
7.1.1. Company Overview
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.1.4. Strategic Initiatives
7.2. Micron Precision Screws Ltd.
7.2.1. Company Overview
7.2.2. Financial Performance
7.2.3. Product Benchmarking
7.2.4. Strategic Initiatives
7.3. Caparo
7.3.1. Company Overview
7.3.2. Financial Performance
7.3.3. Product Benchmarking
7.3.4. Strategic Initiatives
7.4. Kova Fasteners Pvt. Ltd.
7.4.1. Company Overview
7.4.2. Financial Performance
7.4.3. Product Benchmarking
7.4.4. Strategic Initiatives
7.5. NIFCO
7.5.1. Company Overview
7.5.2. Financial Performance
7.5.3. Product Benchmarking
7.5.4. Strategic Initiatives
7.6. Standard Fasteners Ltd
7.6.1. Company Overview
7.6.2. Financial Performance
7.6.3. Product Benchmarking
7.6.4. Strategic Initiatives
7.7. Peaksight Fasteners
7.7.1. Company Overview
7.7.2. Financial Performance
7.7.3. Product Benchmarking
7.7.4. Strategic Initiatives
7.8. Beijing Zhaobo High Strength Fastener Co. Ltd.
7.8.1. Company Overview
7.8.2. Financial Performance
7.8.3. Product Benchmarking
7.8.4. Strategic Initiatives
7.9. Chao Jing Precision Machines Co. Ltd.
7.9.1. Company Overview
7.9.2. Financial Performance
7.9.3. Product Benchmarking
7.9.4. Strategic Initiatives
7.10. Ochiai Co. Ltd.
7.10.1. Company Overview
7.10.2. Financial Performance
7.10.3. Product Benchmarking
7.10.4. Strategic Initiatives
7.11. Japan Power Fastening Co. Ltd.
7.11.1. Company Overview
7.11.2. Financial Performance
7.11.3. Product Benchmarking
7.11.4. Strategic Initiatives
7.12. Shanghai Fasteners Company
7.12.1. Company Overview
7.12.2. Financial Performance
7.12.3. Product Benchmarking
7.12.4. Strategic Initiatives
7.13. Bossard
7.13.1. Company Overview
7.13.2. Financial Performance
7.13.3. Product Benchmarking
7.13.4. Strategic Initiatives
7.14. Avon Industries Corporation
7.14.1. Company Overview
7.14.2. Financial Performance
7.14.3. Product Benchmarking
7.14.4. Strategic Initiatives
7.15. Ekta Industries
7.15.1. Company Overview
7.15.2. Financial Performance
7.15.3. Product Benchmarking
7.15.4. Strategic Initiatives
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Asia industrial fasteners industry summary and critical success factors (CSFs)
CHAPTER 3. ASIA INDUSTRIAL FASTENERS INDUSTRY OUTLOOK
3.1. Industrial fasteners market segmentation
3.2. Industrial fasteners market size and growth prospects
3.3. Industrial fasteners market value chain analysis
3.3.1. Vendor Landscape
3.4. Raw material outlook, 2012 - 2020
3.5. Technology overview
3.6. Industrial fastener market dynamics
3.6.1. Market driver analysis
3.6.1.1. Growing construction industry in Asia
3.6.1.2. Growing demand in automotive industry
3.6.1.3. Growing demand for fasteners in aerospace industry
3.6.1.4. Growing application scope of fasteners in electronics and healthcare
3.6.2. Market restraint analysis
3.6.2.1. Increasing anti-dumping measures
3.6.2.2. Increasing market share of substitutes
3.7. Key market opportunities - Prioritized
3.8. Industry analysis - Porter's
3.9. Industrial fastener market PESTEL analysis, 2013
CHAPTER 4. ASIA INDUSTRIAL FASTENERS PRODUCT OUTLOOK
4.1. Asia industrial fasteners market share by product, 2013 & 2020
4.2. Externally Threaded
4.2.1. Externally threaded market estimates and forecast, 2012 – 2020
4.3. Aerospace Grade
4.3.1. Aerospace grade market estimates and forecast, 2012 – 2020
4.4. Other Standard Fasteners
4.4.1. Other standard fasteners market estimates and forecast, 2012 – 2020
CHAPTER 5. ASIA INDUSTRIAL FASTENERS APPLICATION OUTLOOK
5.1. Asia industrial fasteners market share by application, 2013 & 2020
5.2. Automotive OEM
5.2.1. Automotive OEM market estimates and forecast, 2012 – 2020
5.3. Machinery OEM
5.3.1. Machinery OEM market estimates and forecast, 2012 – 2020
5.4. Construction
5.4.1. Construction market estimates and forecast, 2012 – 2020
5.5. MRO
5.5.1. MRO market estimates and forecast, 2012 – 2020
5.6. Other OEM
5.6.1. Other OEM application market estimates and forecast, 2012 – 2020
CHAPTER 6. ASIA INDUSTRIAL FASTENERS COUNTRY OUTLOOK
6.1. Asia industrial fasteners market share by region, 2013 & 2020
6.2. China
6.2.1. China industrial fasteners market estimates and forecast, 2012 – 2020
6.2.2. China industrial fasteners market estimates and forecast by product, 2012 – 2020
6.2.3. China industrial fasteners market estimates and forecast by application, 2012 – 2020
6.3. India
6.3.1. India industrial fasteners market estimates and forecast, 2012 – 2020
6.3.2. India industrial fasteners market estimates and forecast by product, 2012 – 2020
6.3.3. India industrial fasteners market estimates and forecast by application, 2012 – 2020
6.4. Japan
6.4.1. Japan industrial fasteners market estimates and forecast, 2012 – 2020
6.4.2. Japan industrial fasteners market estimates and forecast by product, 2012 – 2020
6.4.3. Japan industrial fasteners market estimates and forecast by application, 2012 – 2020
6.5. South Korea
6.5.1. South Korea industrial fasteners market estimates and forecast, 2012 – 2020
6.5.2. South Korea industrial fasteners market estimates and forecast by product, 2012 – 2020
6.5.3. South Korea industrial fasteners market estimates and forecast by application, 2012 – 2020
6.6. Malaysia
6.6.1. Malaysia industrial fasteners market estimates and forecast, 2012 – 2020
6.6.2. Malaysia industrial fasteners market estimates and forecast by product, 2012 – 2020
6.6.3. Malaysia industrial fasteners market estimates and forecast by application, 2012 – 2020
6.7. Vietnam
6.7.1. Vietnam industrial fasteners market estimates and forecast, 2012 – 2020
6.7.2. Vietnam industrial fasteners market estimates and forecast by product, 2012 – 2020
6.7.3. Vietnam industrial fasteners market estimates and forecast by application, 2012 – 2020
CHAPTER 7. COMPETITIVE LANDSCAPE
7.1. Asia Bolts Industries LLC
7.1.1. Company Overview
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.1.4. Strategic Initiatives
7.2. Micron Precision Screws Ltd.
7.2.1. Company Overview
7.2.2. Financial Performance
7.2.3. Product Benchmarking
7.2.4. Strategic Initiatives
7.3. Caparo
7.3.1. Company Overview
7.3.2. Financial Performance
7.3.3. Product Benchmarking
7.3.4. Strategic Initiatives
7.4. Kova Fasteners Pvt. Ltd.
7.4.1. Company Overview
7.4.2. Financial Performance
7.4.3. Product Benchmarking
7.4.4. Strategic Initiatives
7.5. NIFCO
7.5.1. Company Overview
7.5.2. Financial Performance
7.5.3. Product Benchmarking
7.5.4. Strategic Initiatives
7.6. Standard Fasteners Ltd
7.6.1. Company Overview
7.6.2. Financial Performance
7.6.3. Product Benchmarking
7.6.4. Strategic Initiatives
7.7. Peaksight Fasteners
7.7.1. Company Overview
7.7.2. Financial Performance
7.7.3. Product Benchmarking
7.7.4. Strategic Initiatives
7.8. Beijing Zhaobo High Strength Fastener Co. Ltd.
7.8.1. Company Overview
7.8.2. Financial Performance
7.8.3. Product Benchmarking
7.8.4. Strategic Initiatives
7.9. Chao Jing Precision Machines Co. Ltd.
7.9.1. Company Overview
7.9.2. Financial Performance
7.9.3. Product Benchmarking
7.9.4. Strategic Initiatives
7.10. Ochiai Co. Ltd.
7.10.1. Company Overview
7.10.2. Financial Performance
7.10.3. Product Benchmarking
7.10.4. Strategic Initiatives
7.11. Japan Power Fastening Co. Ltd.
7.11.1. Company Overview
7.11.2. Financial Performance
7.11.3. Product Benchmarking
7.11.4. Strategic Initiatives
7.12. Shanghai Fasteners Company
7.12.1. Company Overview
7.12.2. Financial Performance
7.12.3. Product Benchmarking
7.12.4. Strategic Initiatives
7.13. Bossard
7.13.1. Company Overview
7.13.2. Financial Performance
7.13.3. Product Benchmarking
7.13.4. Strategic Initiatives
7.14. Avon Industries Corporation
7.14.1. Company Overview
7.14.2. Financial Performance
7.14.3. Product Benchmarking
7.14.4. Strategic Initiatives
7.15. Ekta Industries
7.15.1. Company Overview
7.15.2. Financial Performance
7.15.3. Product Benchmarking
7.15.4. Strategic Initiatives
