Set Screw Market Size, Share & Industry Analysis, By Material ( Steel, Copper, Aluminum, Other ), By Application ( Automotive Industry, Machinery Industry, Construction Industry, MRO, Others ) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI104243 | Status : Ongoing

KEY INDUSTRY INSIGHTS

A set screw, also recognized as a grub screw, is a form of screw commonly employed to attach an object inside or even against some other object, typically without the need of a bolt. The most obvious categories are the mounting of a piston or equipment to a shaft. The industry is projected to see massive growth worldwide due to the rise in the production of vehicles, because manufacturers are continually designing more powerful engines to minimize fuel usage and are using pollution control technologies to manufacture cleaner cars.

Excess supply from the aerospace and automotive industries due to their compact, easy operation and excellent resistance to corrosion properties is allowed to accelerate development. Increasing metal prices combined with their increasing demand in other industrial sectors, including building and equipment manufacturing, are likely to influence the supply of raw materials for screws. However, the involvement of diverse distributors with large production levels is likely to restrict the supremacy of sourcing of raw materials.

Market Segmentation:

Based on material, the market for global set screwis segmented into steel, copper, aluminum, others. On the basis of application, the market is classified into automotive industry, machinery industry, construction industry, MRO, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Market Driver -

Increasing application in automobile industry drives the market.

Key Market Restraint -

Uncertainties in prices of raw materials and high competition will restrict growth.

Key Players Covered:

The global set screw market is fairly fragmented, with number of players operating in the global markets. Some of the key players in the global set screwmarket includes Acument Global Technologies, Arconic, Big Bolt Nut, Ciser Fasteners, Cooper & Turner Ltd., Dokka Fasteners Inc., LISI SA, Marmon Group, NingBoXinXing Fasteners Manufacture Co., Ltd., NITTO SEIKO CO., LTD., Ogland Group Holding As and others.

Key Insights

New Advancements in Production Technologies

Key Trends in the Global Set Screw Market

New Product Launches, Expansions, Key Players

Ranking of Key Players in the Market

Regional Analysis:

The global set screw market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The automotive application has led North America to push the market for set screws. This is getting tremendous penetration due to the growing output of electric vehicles in the area. Regional demand is expected to see substantial growth over the forecast years. Asia Pacific has a large market share. Automotive set screw has been experiencing accelerated growth due to rise in consumer preference. Europe accounts for significant product demand from the industrialized economies of the United Kingdom, Germany, Russia, France and Italy . The auto sector accounted for a large share of revenues produced in the region. This is due to the existence of a large automotive base in the area, which has contributed to the rise of the set screw market in the region. The Middle East and the African region will be among the recent advances in regional industrial growth , particularly in the advancement of production facilities. Latin America is also suffering from political instability and economic instability that inhibits business expansion.

To gain extensive insights into the market, Request for Customization

Segmentation

ATTRIBUTES	DETAILS
By Material	Steel Copper Aluminum Other
By Application	Automotive Industry Machinery Industry Construction Industry MRO Others
By Geography	North America (USA, Canada) Europe (UK, Germany, France, Italy, Spain, Russia, BENELUX and Rest of Europe) Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico, Rest of Latin America) Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

Global Set Screw Market Industry Developments

On 28^th April 2017: Acument Global Technologies, a subsidiary of Fontana Gruppo, has launched a new range of safe fasteners under the brand name TechniCleanTM. TechniCleanTM fasteners are produced with Acument Global Technologies industry-leading systems and fastener finishes created to assist maintain hygiene rates that are higher than those of traditional fasteners. This launch helped the company to strengthen its footprint in the market across the globe by enhancing outputs and turnovers.

REQUEST SAMPLE

SPEAK TO ANALYST

PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

Multi-report Purchase Plan

Chemicals & Materials Clients

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry

Get in Touch with Us

US +1 833 909 2966 ( Toll Free )

UK +44 808 502 0280 ( Toll Free )
+91 744 740 1245 (APAC)
[email protected]