TechNavio today launched its Global Industrial Fasteners Market 2011“2015 report based on an in-depth study covering the Americas and the EMEA and APAC regions. The report aims to aid decision makers™ understanding of the present and the future landscape of the market.
Commenting on the report, an analyst from TechNavio™s Engineering Services team said, Fasteners are now used for much more than engineering, automotive, aerospace, and construction applications. They are also being used in several industries across the globe, such as the Healthcare, Woodworking, Textile, and Food Processing industries. Since the need for the development of good-quality products is increasing, companies are automating their operations. This increased need for automation has paved the way for the development of automated machines to cater to specific industries. The Woodworking and Textile industries have stated adopting fasteners to develop automated machines to generate high-precision furniture and garments. The usage of fasteners has also entered the Food Processing industry, which is increasingly adopting automated machines to process food and beverages to achieve a faster time-to-market.
According to the report, as a result of the advent of technology that enables the increased development of high-quality fasteners, there is an increasing trend of developing systems to monitor the usage of fasteners. This enables easy and effective monitoring of the rivets being deployed. Rivet monitoring systems measure the stress and pressure of rivets, and tool components calculate tolerance levels.
The report also reveals that one of the major challenges in this market is the lack of effective product differentiation.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-industrial-fasteners-market-2011-2015
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Report “ Global Industrial Fasteners Market 2011“2015
