Though often outside of the consumer eye, industrial components are what make the world – and your business – go round. Freedonia understands that these components are much more than established commodities: they're critical products of their own, with market threats and opportunities, materials competition, and ongoing product development to improve their ability to help products and companies meet big goals such as automation, net-zero energy use, and traveling to Mars.
Though the COVID-19 pandemic caused global durable goods production to decline in 2020 and many of these industries remained weak into 2021, the outlook for many industrial components industries is expected to strengthen through 2026. Gains will be aided by increases in manufacturing activity, a rebound in international trade, and the expansion of the global distribution sector as well as the growing use of more advanced industrial components in the next generation of durable goods.
By incorporating state-of-the-art industrial components into their durable goods, manufacturers can greatly boost the performance, productivity, and/or efficiency of their products. In many instances, the use of advanced industrial components in the next generation of durable goods will dramatically increase product capability over those of currently available models.
Leading suppliers of durable goods are continuing to increase investment in technological innovation and product development as:
This Freedonia industry study analyzes the $95 billion global industrial fasteners industry. It presents historical demand data (2012, 2017, and 2022) and forecasts (2027 and 2032) by product, market, and region.
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This report forecasts to 2027 US industrial fasteners demand and production in nominal US dollars at the manufacturer level.
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This report forecasts to 2027 global demand for industrial fasteners by product, market, and major world region in nominal US dollars at the manufacturer level.
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