The “Blind Bolts Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Blind Bolts Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global blind bolts market size was US$ 3,791.9 million in 2021. The global blind bolts market is forecast to grow to US$ 5,751.2 million by 2030 by registering a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030. A blind bolt is a fastener used to increase strength and performance over time. Blind bolts are made of a steel pin, collar, and sleeve. These are installed from one side of the materials to develop a tight seal that secures the bolt.
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Factors Influencing the Market
Growing infrastructure and industrial market investments have improved the foundation for the growth of engineering and machines. In addition, growing construction activities are expected to fuel the growth of the global blind bolts market in the coming years. The market for blind bolts is expanding as a result of the rising demand for tools, bolts, and fasteners in important areas. Further, the expansion of engineering and the mechanical sector is expected to bring untapped growth opportunities for the market.
Growing investments by government bodies in infrastructural development will bolster market growth. On the flip side, fluctuating currency exchange rates may limit the market growth during the study period.
COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the demand for blind bolts decreased significantly. The pandemic has affected the engineering and construction industry dramatically, forcing units to cut operations. The end-user industries of blind bolts, such as construction, railways, and aerospace recorded sharp decline in terms of revenue. As a result, it affected the global blind bolts market.
Regional Analysis
The Asia-Pacific blind bolts market is forecast to record the highest growth rate, owing to the contribution of developing economies like China, India, Japan, etc. China is the largest market in the Asia-Pacific region due to growing government spending in infrastructure development. North America is the second-fastest-growing blind bolts market after Asia-Pacific. The production and advancement in numerous end-use industries, including construction, automotive, aerospace, and machinery, is the main source of blind bolt demand in North America. Blind bolt demand is rising as a result of the growing aerospace and automotive industries in this region. As a result, the market may witness potential growth in these two regions.
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Competitors in the Market
? 3V Fasteners Company Inc.
? ELITE Fasteners, Inc.
? Henry Venables Product Ltd.
? Kwikbolt Limited
? Arconic Corporation
? PCC Fasteners
? Precision Castparts Corp.
? Stanley Black & Decker Inc.
? TriMas Corporation
? BMB Fasteners
? Other Prominent Players
Market Segmentation
The global blind bolts market segmentation focuses on Product Type, Diameter, Grade, Application, and Region.
By Product Type Outlook
? Heavy Duty
? Thin Wall
By Diameter Outlook
? M8
? M10
? M12
? M16
? Others
By Grade Outlook
? Grade 8.8
? Grade 10.9
? Grade 316
By Application Outlook
? Construction
? Railway
? Aerospace
? Marine
? Others
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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
Blind Bolts Market Research Report Scenario includes:
>The report provides qualitative and quantitative trends of global Blind Bolts Market across type, type of products, service, and geography.
>The report starts with the key takeaways, highlighting the key trends and outlook of the global Blind Bolts Market.
>Provides the research methodology of the study.
>Further provides PEST analysis for each region.
>Highlights the key industry dynamics in the Blind Bolts Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
>Discusses the global Blind Bolts Market scenario, in terms of historical market revenues, and forecast till the year 2031.
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