According to IMARC Group’s latest report, titled “Blind Bolts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. the global blind bolts market size reached US$ 4.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
Blind bolts represent structural fasteners used in pre-drilled holes to enhance the strength of a rivet or weld. They are manufactured using numerous materials, including zinc-plated carbon steel collars, alloy steel stem, and black oxide sleeves and are commonly available in thin-walled and heavy-duty variants. Blind bolts are widely utilized in girder cavities, box sections, and containers and for industrial applications. They offer superior strength, adaptability, tamper resistance, and enhanced stability under continuous vibrations. Blind bolts are available in several strengths, sizes, and configurations and find extensive application across various sectors, such as construction, manufacturing, transportation, automotive, aerospace, etc.
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Blind Bolts Market Trends:
The expanding aerospace sector across the globe is primarily augmenting the blind bolts market. Furthermore, the rising usage of structural fasteners in the manufacturing of aircraft components, including wings, nacelles, and interiors that require high structural strength is positively influencing the market growth. Apart from this, the increasing utilization of the product in the construction sector to stabilize steel girders and create structures, such as bridges and buildings is acting as another significant growth-inducing factor. Moreover, numerous product innovations, including developing lightweight blind bolts manufactured using titanium, used in composite structures and engine inlets are also bolstering the global market. Besides this, the widespread adoption of structural fasteners in military and defense vehicles, such as helicopters and marine vessels is further catalyzing the market growth. Additionally, the inflating infrastructural development and the launch of several government initiatives promoting the modernization of defense units are expected to drive the blind bolts market in the coming years.
Blind Bolts Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global blind bolts market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Arconic Corporation
- BMB Fasteners & Supply Inc.
- Cherry Aerospace (Precision Castparts Corp.)
- Elite Fasteners Inc
- Howmet Aerospace Inc.
- Kwikbolt Ltd.
- LISI Aerospace
- Precision Castparts Corp.(Berkshire Hathaway Inc.)
- Stanley Black & Decker Inc.
- The Boeing Company
- TriMas Corporation.
Key Market Segmentation:
Breakup by Product:
- Heavy Duty
- Thin Wall
Breakup by Diameter:
- M8
- M10
- M12
- M16
- Others
Breakup by Grade:
- Grade 8.8
- Grade 10.9
- Grade 316
Breakup by Application:
- Construction
- Railway
- Aerospace
- Marine
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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