The global bolts market is experiencing steady growth, fueled by the increasing demand for fastening solutions in construction, automotive, aerospace, and industrial manufacturing. Bolts play a crucial role in securing components in machinery, vehicles, and infrastructure, ensuring both stability and safety.
The market’s expansion is primarily driven by the global surge in construction and infrastructure development. Additionally, there is a growing need for high-performance, corrosion-resistant bolts for specific applications across various industries. The automotive and aerospace sectors are key contributors to the market’s growth, with increasing demand for specialized bolts to meet the needs of these industries.
The Asia-Pacific region, particularly China and India, is expected to see significant market growth, driven by rapid industrialization and large-scale infrastructure investments.
The bolts market, valued at $14 billion in 2024, is projected to grow at a compound annual growth rate (CAGR) of 5.8%, reaching $25 billion by 2034, supported by the rise of electric vehicles (EVs), construction activities, and industrial manufacturing.
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