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Global Hex Bolts Market to reach USD 1.9 Billion by the end of 2029.

Global Hex Bolts Market Size study & Forecast, by Threaded Type (Fully Threaded, Partially Threaded), By Material (Stainless Steel, Carbon Steel, Alloy, Others), By Application (Automotive, Construction, Aerospace, Others (Industrial Machinery, Home Appliances, and many)), By Price (Low, Medium, High), By Distribution Channel (Online, Offline) and Regional Analysis, 2022-2029

Product Code: ALTAMC-68894445
Publish Date: 1-04-2023
Page: 200

Global Hex Bolts Market is valued at approximately USD 1.5 Billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3% over the forecast period 2022-2029. Hex bolts are a type of fastener that is commonly used in construction, machinery, and automotive applications. They are characterized by a hexagonal head and a threaded shaft that is inserted into a pre-drilled hole and tightened with a wrench or pliers. Hex bolts are typically made of steel or other high-strength materials and come in a range of sizes and lengths to suit different applications. The market demand is primarily driven by the factors such as growing demand in the construction and automobile industries, increasing demand for high-strength bolts with corrosion-resistant coatings and rising infrastructural developments around the world.

In addition, the increasing production and sales in the automobile sector and the rising number of infrastructural projects are acting as major driving factors for market growth. According to Statista, as of May 2022, India had the most infrastructure projects under development more than USD 25 million. In comparison to India’s 1,944 building projects, the United States had 1,866 and China had 1,175. Similarly, according to the Society of Indian Automobile Manufacturers, the automobile industry produced a total of 22.9 million vehicles from April 2021 to March 2022 and the sales increased from 2.71 million to 3.06 million units. Hence, these factors are expected to escalate the demand for hex bolts in the global market. Furthermore, the increasing construction activities due to the growing population and growing demand for high-load capacity bolts in heavy machinery and equipment are presenting lucrative opportunities for market growth over the forthcoming years. However, competition from alternative fasteners is restricting the market growth over the forecast period of 2022-2029.

The key regions considered for the Global Hex Bolts Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue due to surging construction activities and rising investments in various end-use industries in the region. Whereas, North America is also expected to grow at the highest growth rate over the forecasting period due to a higher proportion of financially stable individuals and increasing infrastructural developments. Factors such as the growing aerospace industry, growing demand for high load capacity bolts in heavy machinery and equipment, increasing adoption of partially threaded hex bolts and rising government initiatives for infrastructural development are burgeoning the market growth in the forecasting years.

Major market players included in this report are:
United Fasteners
IGC Fastners
Oglaend System Group
Canco Fasteners
TR Fastenings Ltd.
RS Group Plc
Alloy Fasteners, Inc.
Dokka Fasteners
Recent Developments in the Market:
 In August 2022, RS Group Plc, a distributor of industrial and electronics products, announced the acquisition of Risoul y Cia, S.A. de C.V. (Risoul), a Mexican family-owned manufacturer of industrial and automation products and services. This acquisition will aid in the acceleration of organic growth through high-quality inorganic prospects to broaden global reach, broaden targeted product associations and develop product and service solutions.
 In November 2022, TR Fastenings Ltd., an international specialist in the design, engineering, manufacture, and distribution of high-quality industrial fastenings, announced the opening of a new facility in Budapest. The new 3,500-square-metre contemporary facility, with 9.5-metre eaves in the warehouse, is a high-capacity distribution facility equipped to support TR’s future European expansion strategy.

Global Hex Bolts Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Threaded Type, Material, Application, Price, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Threaded Type:
Fully Threaded
Partially Threaded

By Material:
Stainless Steel
Carbon Steel

By Application:
Others (Industrial Machinery, Home Appliances, and many)

By Price:

By Distribution Channel:

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Hex Bolts Market, by Region, 2019-2029 (USD Billion)
1.2.2. Hex Bolts Market, by Threaded Type, 2019-2029 (USD Billion)
1.2.3. Hex Bolts Market, by Material, 2019-2029 (USD Billion)
1.2.4. Hex Bolts Market, by Application, 2019-2029 (USD Billion)
1.2.5. Hex Bolts Market, by Price, 2019-2029 (USD Billion)
1.2.6. Hex Bolts Market, by Distribution Channel, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Hex Bolts Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Hex Bolts Market Dynamics
3.1. Hex Bolts Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Growing demand in construction and automobile industries Increasing demand for high-strength bolts with corrosion-resistant coating Rising infrastructural developments around the word
3.1.2. Market Challenges Competition from alternative fasteners
3.1.3. Market Opportunities Increasing activities of construction due to growing population Growing demand for high load capacity bolts
Chapter 4. Global Hex Bolts Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Hex Bolts Market, by Threaded Type
6.1. Market Snapshot
6.2. Global Hex Bolts Market by Threaded Type, Performance – Potential Analysis
6.3. Global Hex Bolts Market Estimates & Forecasts by Threaded Type 2019-2029 (USD Billion)
6.4. Hex Bolts Market, Sub Segment Analysis
6.4.1. Fully Threaded
6.4.2. Partially Threaded
Chapter 7. Global Hex Bolts Market, by Material
7.1. Market Snapshot
7.2. Global Hex Bolts Market by Material, Performance – Potential Analysis
7.3. Global Hex Bolts Market Estimates & Forecasts by Material 2019-2029 (USD Billion)
7.4. Hex Bolts Market, Sub Segment Analysis
7.4.1. Stainless Steel
7.4.2. Carbon Steel
7.4.3. Alloy
7.4.4. Others
Chapter 8. Global Hex Bolts Market, by Application
8.1. Market Snapshot
8.2. Global Hex Bolts Market by Application, Performance – Potential Analysis
8.3. Global Hex Bolts Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
8.4. Hex Bolts Market, Sub Segment Analysis
8.4.1. Automotive
8.4.2. Construction
8.4.3. Aerospace
8.4.4. Others (Industrial Machinery, Home Appliances, and many)
Chapter 9. Global Hex Bolts Market, by Price
9.1. Market Snapshot
9.2. Global Hex Bolts Market by Price, Performance – Potential Analysis
9.3. Global Hex Bolts Market Estimates & Forecasts by Price 2019-2029 (USD Billion)
9.4. Hex Bolts Market, Sub Segment Analysis
9.4.1. Low
9.4.2. Medium
9.4.3. High
Chapter 10. Global Hex Bolts Market, by Distribution Channel
10.1. Market Snapshot
10.2. Global Hex Bolts Market by Distribution Channel, Performance – Potential Analysis
10.3. Global Hex Bolts Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
10.4. Hex Bolts Market, Sub Segment Analysis
10.4.1. Online
10.4.2. Offline
Chapter 11. Global Hex Bolts Market, Regional Analysis
11.1. Hex Bolts Market, Regional Market Snapshot
11.2. North America Hex Bolts Market
11.2.1. U.S. Hex Bolts Market Threaded Type breakdown estimates & forecasts, 2019-2029 Material breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029 Price breakdown estimates & forecasts, 2019-2029 Distribution Channel breakdown estimates & forecasts, 2019-2029
11.2.2. Canada Hex Bolts Market
11.3. Europe Hex Bolts Market Snapshot
11.3.1. U.K. Hex Bolts Market
11.3.2. Germany Hex Bolts Market
11.3.3. France Hex Bolts Market
11.3.4. Spain Hex Bolts Market
11.3.5. Italy Hex Bolts Market
11.3.6. Rest of Europe Hex Bolts Market
11.4. Asia-Pacific Hex Bolts Market Snapshot
11.4.1. China Hex Bolts Market
11.4.2. India Hex Bolts Market
11.4.3. Japan Hex Bolts Market
11.4.4. Australia Hex Bolts Market
11.4.5. South Korea Hex Bolts Market
11.4.6. Rest of Asia Pacific Hex Bolts Market
11.5. Latin America Hex Bolts Market Snapshot
11.5.1. Brazil Hex Bolts Market
11.5.2. Mexico Hex Bolts Market
11.5.3. Rest of Latin America Hex Bolts Market
11.6. Rest of The World Hex Bolts Market

Chapter 12. Competitive Intelligence
12.1. Top Market Strategies
12.2. Company Profiles
12.2.1. United Fasteners Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
12.2.2. IGC Fastners
12.2.3. Oglaend System Group
12.2.5. Canco Fasteners
12.2.6. TR Fastenings Ltd.
12.2.7. RS Group Plc
12.2.8. Alloy Fasteners, Inc.
12.2.9. OneMonroe
12.2.10. Dokka Fasteners
Chapter 13. Research Process
13.1. Research Process
13.1.1. Data Mining
13.1.2. Analysis
13.1.3. Market Estimation
13.1.4. Validation
13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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