GCC Industrial Fastener Market

GCC Industrial Fastener Market Overview

GCC industrial fastener market is expected to increase over the forecast period due to the rapid growth of manufacturing sector across the GCC countries. As government planned to reduce dependency on oil sector and to expand other sectors is supporting the manufacturing industry in GCC.

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Major GCC Industrial Fastener Market Drivers

Rising investment on infrastructure development across GCC countries is driving the growth of the industrial fastener market in GCC. Countries like Saudi Arabia, UAE and Qatar are heavily spending for development of roads, airports, trains and ports. Rising investment on various projects such as Dubai metro and Neam mega city projects is further supporting the market growth. Expansion in the construction industry and rapid technological advancements in industrial fastener for making light weight products has resulted in the growth of the automotive industry. In addition, increasing demand for fastener across end use industries along with the rising residential and commercial housing projects is paving way for industrial fastener manufacturers across GCC region. However, high production cost and raw material price is likely to hamper industrial fastener market.

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Saudi Arabia industrial fastener market is projected to grow in upcoming years owing to the increasing investment for infrastructure development projects such as Red sea projects and Neom projects which will increase the demand for industrial fastener. Moreover, Saudi vision 2030 infrastructure development plans will further boost the economy.

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Increasing demand for industrial fastener in manufacturing sector along with the rising investment in the construction sector is propelling the UAE industrial fastener market. For instance, UAE government invested on various infrastructure projects such as Dubai metro, Abu Dhabi airport and Etihad rail, among other has increased sale of industrial fastener in UAE.

GMI Research provides detailed analysis of crucial aspects such as key players, market drivers and trends, industrial fastener products and industry development which are supporting the GCC Industrial fasteners market report during 2023-2030.

Segments covered in the Report:

The GCC Industrial Fastener Market has been segmented on the basis of Product, Application and Raw material. Based on the raw material, the market is segmented into metal fasteners and plastic fasteners. Based on the product, the market is segmented into externally threaded fasteners, internally threaded fasteners, non-threaded fasteners and aerospace grade fasteners. Based on the application, the market is segmented into automotive, aerospace, industrial machinery, lawns & gardens, building & construction, home appliances, motors & pumps, furniture, plumbing products, and others.

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Market Segmentation

GCC Industrial Fasteners Market by Raw Material

• • Plastic Fasteners
  • Metal Fasteners

GCC Industrial Fasteners Market by Product

• • Internally Threaded Fasteners
  • Externally Threaded Fasteners
  • Aerospace Grade Fasteners
  • Non-Threaded Fasteners

GCC Industrial Fasteners Market by Application

• • Aerospace
  • Automotive
  • Industrial Machinery
  • Building & Construction
  • Lawns & Gardens
  • Home Appliances
  • Furniture
  • Motors & Pumps
  • Plumbing Products
  • Others