Blind Bolts Market is Expected to Experience 5% CAGR Over the Forecast Period

Blind Bolts Market Research Report By Straits Research

Blind bolts are fasteners that are used to secure two or more parts together. They have a head on one end and threads on the other, and are designed to be installed in a hole in one of the parts. Blind bolts are used when the other side of the hole is not accessible, hence the name "blind bolts."

The compound annual growth rate (CAGR) of the Blind Bolts market is a measure of the market's growth over a certain period of time. It is calculated by taking the year-over-year growth rate of the market and compounding it over a specific period. According to Straits Research, the Blind Bolts market size will grow at a CAGR of 5% During the forecast period.

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The blind bolts market is segmented by product type into heavy and thin wall. The heavy segment is expected to dominate the market due to its widespread use in various end-use industries.

In terms of diameter, the blind bolts market is segmented into M8, M10, M12, M16, and others. The M10 segment is expected to see the highest growth due to its versatility and widespread use.

The blind bolts market is also segmented by grade into Grade 8.8, Grade 10.9, and Grade 316. The Grade 10.9 segment is expected to dominate the market due to its high strength and corrosion resistance.

In terms of application, the blind bolts market is segmented into automotive, aerospace, machinery and equipment, construction, and others. The automotive segment is expected to dominate the market due to the high demand for blind bolts in the automotive industry.

Geographically, the blind bolts market is divided into North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa. Asia-Pacific is expected to dominate the market due to the increasing demand for blind bolts in the region.

Some highlights of the blind bolts market include:

Growing demand in the construction industry: One of the key drivers of the blind bolts market is the increasing demand in the construction industry. Blind bolts are widely used in construction to secure a variety of components, such as beams, columns, and walls.

Increasing adoption in the aerospace industry: The increasing adoption of blind bolts in the aerospace industry is also driving the growth of the market. Blind bolts are used to secure various components in aircraft, including engines, wings, and fuselage.

Technological advancements: Technological advancements in the design and manufacture of blind bolts are also driving the growth of the market. New materials and manufacturing processes are being developed to improve the strength and reliability of blind bolts.

Increasing focus on safety: The increasing focus on safety is also driving the growth of the blind bolts market. Blind bolts are used in a variety of safety-critical applications, such as bridges, oil rigs, and nuclear power plants.

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Top Market Players

3V Fasteners Company Inc
Elite Fasteners Inc
Henry Venables Product ltd
Kwikbolt limited
Arconic Corporation
CC Fasteners
Precision Castparts Corp
Stanley Black and Decker Inc
TriMas Corporation
BMB Fasteners

Market Segmentation

By Product Type
Heavy
Thin Wall

By Diameter
M8
M10
M12
M16
Others

By Grade
Grade 8.8
Grade 10.9
Grade 316

By Application
Automotive
Aerospace
Machinery and Equipment
Construction
Others

By Region
North America
Europe
Latin America
Asia-Pacific
The Middle East and Africa

Frequently Asked Questions

- What is the size of the Blind Bolts market?

Which segment has the largest market share in the Blind Bolts market?

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- What factors are driving the Blind Bolts industry and what challenges does it face?

- How has the Blind Bolts market grown?

- What are the key regional markets for Blind Bolts?

- How competitive is the Blind Bolts industry?

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This release was published on openPR.