The global demand for Structural Bolts Market is presumed to reach the valuation of nearlyUSD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
Structural bolts are dedicated heavy type of hex bolts, designed for use in large structures. The aim or purpose of this bolt is to resist the load or tension of steel-to-steel structural connections. Structural bolts are manufactured to be used with nuts for the assembly of structural members. The front side of a heavy hex structural bolt is identified to be the same size as heavy hex nut of the same minimal diameter, as a result allowing a single size socket to be used on the bolt head and the nut. Structural bolts have a shorter thread length so that the threads can be abolished from the shear planes of the connection. Owing to the usage in heavy construction, these are made as per ASTM (American Society for Testing Materials) specifications and always used with a nut and hardened washer. They encompass a flat, washer-faced bearing surface and a chamfered thread point.
Rising disposable income of consumers, particularly in countries such as China, Brazil, and India is expected to drive the demand for automobiles over the next six years. Besides, increasingly stringent regulations regarding emission levels are expected to be an important factor contributing to the demand for vehicles over the next few years, which, in turn, propel the demand. Moreover, rapid industrialization which led to favorable economic conditions in countries such as China and India resulted in tremendous construction activities in this region. Also, high GDP growth rates of BRICS are expected to boost the construction industry in these regions. Initiatives by several national governments to improve their infrastructure and the consequent rise in construction spending are expected to further fuel the growth of the global construction industry. As structural bolts form an important part of the construction, the growth of the construction industry is expected to boost the demand for structural bolts all over the world.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of structural bolts.
The entire structural bolts market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
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This section covers regional segmentation which accentuates on current and future demand for structural bolts market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Structural Bolts Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the structural bolts market include Structural Bolt and Manufacturing, Inc., Portland Bolt, KD Fasteners, Unytite, Lejeune Bolt, Acument Global Technologies, All-Pro Fasteners, Dokka Fasteners and Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.