The Market Statsville Group (MSG) publishes the new report on the “Blind Bolts Market by Product Type (Heavy Duty and Thin Wall), by Diameter (M8, M10, M12, M16, and Others), by Grade (Grade 8.8, Grade 10.9, and Grade 316), by Application (Construction, Railway, Aerospace, Marine, and Others), by Region – Global Share and Forecast to 2030“.
The globa lblind bolts market size is expected to grow from USD 3,797.0 million in 2021 to USD 5,770.2 million by 2030, at a CAGR of 4.8% during the forecast period. Commonly observed types of blind bolts are heavy-duty and thin wall. The market is analyzed with respect to different applications such as construction, railway, marine, aerospace, and others. The market is mainly driven by increase in the manufacturing of various aircraft and helicopters and rise in construction activities. However, lack of expertise for installing the bolts hinders the market growth.
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Global Blind Bolts Market Segmentation
The overall blind bolts market has been segmented into the product type, diameter, grade, application, and region.
- By Product Type (Heavy Duty and Thin Wall)
- By Diameter (M8, M10, M12, M16, and Others)
- By Grade (Grade 8.8, Grade 10.9, and Grade 316)
- By Application (Construction, Railway, Aerospace, Marine, and Others)
- By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)
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M12, holds the largest market share, by diameter
Based on diameter, the blind bolts market is divided into M8, M10, M12, M16, and others. In 2021, M12 had the largest market share of 30.1% in the global blind blots market. The M12 segment includes the blind bolts of diameter M12, which are utilized in aerospace, automotive, construction, and other applications.
Such factors drive the market growth during the forecast period. Furthermore, many companies related to the manufacturing sector are expanding their production units as its key development strategy to sustain the intense competition and improve their product portfolio. This factor is expected to fuel the market growth during the forecast period.
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Asia Pacific accounts for the largest market share in blind bolts market
Based on the regions, the global blind bolts market has been segmented across North America, Asia–Pacific, Europe, South America, and the Middle East & Africa. In 2021, North America accounted for the highest market share of 40.5% in the global blind bolts market and was anticipated to maintain its dominance throughout the forecast period. The Asia-Pacific region has emerged as the world’s largest market for blind bolts with growing investments from major producers for defense, infrastructure, and aerospace. Emerging economies, such as China and India, have witnessed increase in construction and manufacturing sectors during the past few years, owing to urbanization and rise in population. China occupies first place in manufacturing of industrial washers due to growth of the automotive sector. This factor is helping the blind bolts market to grow in the Asia-Pacific region. Moreover, increase in focus on technological advancements to manufacture high-quality blind bolts is expected to drive the market in future.
This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the blind bolts market. It also consists of the profiles of leading companies such as 3V Fasteners Company Inc., Henry Venables Product Ltd., ELITE Fasteners, Inc., Kwikbolt Limited, PCC Fasteners, Precision Castparts Corp., Arconic Corporation, Stanley Black & Decker Inc., TriMas Corporation, and BMB Fasteners. These market players have focused on acquisitions and expansion to gain a larger market share in the blind bolts market.
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