Global demand to rise 4.8% annually through 2010
April 27, 2007 (Press Release) --
World Industrial Fasteners to 2010
Global demand to rise 4.8% annually through 2010
World demand for industrial fasteners is projected to rise 4.8 percent annually through 2010 to $55 billion, accelerating from the 2000-2005 period. Fastener demand will be stimulated by rebounding world economic growth, increased fixed investment activity, higher manufacturing output and rising motor vehicle production. Market gains in developing parts of the world -- including the Asia/Pacific, Africa/Mideast, Eastern Europe and Latin America regions -- will considerably outpace demand in the US, Western Europe and Japan.
China, developing regions to register strongest growth
China will exhibit the largest gains of any national market in dollar terms as the country continues to develop as an economic power and manufacturing and fixed investment activity climb. By 2010, China will surpass Japan to become the second largest fastener market in the world behind the US. Market growth will also be strong in India, Thailand, Malaysia, Taiwan, Turkey and Russia.
Industrial fastener demand in the US, Western Europe and Japan will accelerate through 2010, although the rate of growth will be less robust than in developing areas Sales growth will be spurred by generally favorable economic conditions and higher income levels, leading to a rise in manufacturing activity and consumer expenditures for durable goods, bolstering associated fastener demand.
Although representing mature markets, these areas -- along with Australia and
Canada -- will remain the most intensive users of industrial fastener products. Gains will reflect the advanced industrial and technological nature of their economies, as well as the large numbers of fastener-containing equipment in use -- supporting substantial maintenance/repair/operations (MRO) fastener demand
For more information, Please visit : http://www.bharatbook.com/detail.asp?id=8165
or email us at : info@bharatbook.com
You can also call us at +91-(022)-2757 8668 or +91-(022)-2757 9131
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Global demand to rise 4.8% annually through 2010
World demand for industrial fasteners is projected to rise 4.8 percent annually through 2010 to $55 billion, accelerating from the 2000-2005 period. Fastener demand will be stimulated by rebounding world economic growth, increased fixed investment activity, higher manufacturing output and rising motor vehicle production. Market gains in developing parts of the world -- including the Asia/Pacific, Africa/Mideast, Eastern Europe and Latin America regions -- will considerably outpace demand in the US, Western Europe and Japan.
China, developing regions to register strongest growth
China will exhibit the largest gains of any national market in dollar terms as the country continues to develop as an economic power and manufacturing and fixed investment activity climb. By 2010, China will surpass Japan to become the second largest fastener market in the world behind the US. Market growth will also be strong in India, Thailand, Malaysia, Taiwan, Turkey and Russia.
Industrial fastener demand in the US, Western Europe and Japan will accelerate through 2010, although the rate of growth will be less robust than in developing areas Sales growth will be spurred by generally favorable economic conditions and higher income levels, leading to a rise in manufacturing activity and consumer expenditures for durable goods, bolstering associated fastener demand.
Although representing mature markets, these areas -- along with Australia and
Canada -- will remain the most intensive users of industrial fastener products. Gains will reflect the advanced industrial and technological nature of their economies, as well as the large numbers of fastener-containing equipment in use -- supporting substantial maintenance/repair/operations (MRO) fastener demand
For more information, Please visit : http://www.bharatbook.com/detail.asp?id=8165
or email us at : info@bharatbook.com
You can also call us at +91-(022)-2757 8668 or +91-(022)-2757 9131
For searching our huge collection of reports, Please visit :
http://www.bharatbook.com/general/customresearch.asp
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