Blind rivet nut market is projected to grow from US$ 742.9 million in 2019 to US$ 1092.5 million by 2029. Increasing demand for blind rivet nut from automotive, construction, and manufacturing industry for various end-use applications across the globe is major factor driving growth of the blind rivet nut market. According to the data published by India Brand Equity Foundation (IBFE), in March 2019, the Indian auto industry became the 4th largest in the world with sales increasing 9.5 per cent year-on-year. In addition, automotive sector is expected to register enormous growth in the near future which will in turn create demand for blind rivet nut and support growth of the target market. Furthermore, growing demand for blind rivet nuts in emerging application such as in aerospace and defense sector as well as home appliances is expected to fuel the global market growth across the globe. Nevertheless, advancements in the product as well as in manufacturing process, product launches, and capacity expansion are some trends witnessed in the blind rivet nut market. Moreover, advancements in the processing techniques of blind rivet nut is expected to create lucrative growth opportunities for the key players operating in the target market

The report "Blind Rivet Nut Market, By Material (Aluminium, Stainless Steel, and Others), By Application (Automotive, Aerospace and Defense, Building and Construction, Home Appliances, and Others), and Region - Forecast to 2029"

Key Highlights:

• In 2017, TR Fastenings had enhanced its self-clinch range of fasteners for sheet metal products to meet growing requirements.
• In 2017, Bollhoff Fastenings Ltd. has developed new RIVNUT stainless steel blind rivet nuts with optimised tip projection.
• In 2017, Arconic Inc. had announced to expands capacity to capture growth in aerospace and industrial markets.
• In February 2019, Arconic Inc. has announced to expand its capacity in order to capture growing demand for industrial products and automotive aluminum sheet. Approximately US$100 million expansion funds Company’s strategy to capture increasing demand for automotive aluminum sheet and industrial products.
• In October 2019, Bollhoff Fastenings Pvt. Ltd., introduced its new product HELICOIL Smart, an economic & smart version of thread repair kit. HELICOIL Smart is a smart solution having vast advantages. It is packed in a reusable Clamshell Blister that can be used as a box. It comes with threaded installation mandrel to ensure perfect and secure installation.
• In April 2018, Stanley Black & Decker has completed the purchase of the industrial business of Nelson® Fastener Systems. It excludes Nelson’s automotive stud welding business. Nelson® Fastener Systems is a market leader in industrial stud welding, specializing in fasteners and systems with applications in industrial, construction, power generation, aerospace, and truck.
• In December 2018, TR Fastenings Ltd. launched the EPW, a self-extruding high strength screw for thin sheet metal. The EPW screw is a high strength, self-extruding, thread-form fastener which generates its own female thread in punched sheet metal, thereby dramatically reducing assembly costs and times.
• In March 2016, Sherex Fastening Solutions, a supplier of engineered fasteners, automation and tooling, has acquired El Segundo, CA-based DISC-LOCK, Inc. DISC-LOCK is an inventor of wedge-lock technology and a pioneer in the manufacturing and design of durable and secure vibration proof fastening systems.

 Key Market Insights from the report:         

The blind rivet nut market accounted for US$ 742.9 million in 2019 and is projected to register a moderate CAGR of 3.9% over the forecast period. The market report has been segmented on the basis of material, application, and region.

• By material, the stainless steel segment is accounted for major value share 34.7% in 2019. This is attributed to increasing demand for blind rivet nut from automotive industries across the globe.
• By application, the automotive segment is accounting for major value share of 32.6% in 2019. The automotive application segment is anticipated to be the most lucrative segment in the target market, owing to growing demand for passenger vehicles and motorbikes across the globe.
•  In region, the Asia Pacific is contributing for major value share 32.5% in 2019. This is attributed to presence of large number of blind rivet nut manufacturers in the countries of the region. The market in Europe is anticipated to account for the significant value share in the blind rivet nut market, in 2019, followed by markets in other region.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Blind Rivet Nut Market”, By Material (Aluminium, Stainless Steel, and Others), By Application (Automotive, Aerospace and Defense, Building and Construction, Home Appliances, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - forecast till 2029

The prominent player operating in the blind rivet nut market includes TR Fastenings Ltd., Bollhoff Fastenings Pvt. Ltd., Arconic Inc., Stanley Engineered Fastening, Acument Global Technologies, Inc., SFS Group AG, Shrerex fastening solutions LLC, Ocean International, Ornit Blind Rivets Ltd., and Clock Win Equipment.

To know more

Contact Us:

Sales

Prophecy Market Insights

U.S: 1 860 531 2574

RoW: 91 7775049802

Email- sales@prophecymarketinsights.com

Website- www.prophecymarketinsights.com

Blog- www.prophecyjournals.com