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 are structural fasteners utilized in pre-drilled holes to enhance the strength of a rivet or weld. They are manufactured using various materials, such as 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 used in girder cavities, box sections and containers, and for industrial applications, such as shipbuilding, bridge construction and manufacturing of equipment. They offer superior strength, adaptability, tamper resistance and enhanced stability under continuous vibrations. Blind bolts are available in a wide variety of strengths, sizes and configurations and find extensive application across various industries, such as construction, manufacturing, transportation, automotive and aerospace.
Blind Bolts Market Trends:
Significant growth in the aerospace industry across the globe is creating a positive outlook for the market. Blind bolts are widely used in the manufacturing of aircraft components, such as wings, nacelles, and interiors, that require high structural strength. Additionally, the increasing product utilization in the construction industry is favoring the market growth. They are widely used to stabilize steel girders and create structures, such as bridges and buildings. Moreover, various product innovations, such as the development of lightweight blind bolts manufactured using titanium, which are widely used in composite structures and engine inlets, are providing a thrust to the market growth. In line with this, the widespread product utilization in military and defense vehicles, such as helicopters and marine vessels, is positively impacting the market growth. Other factors, including extensive infrastructural development, along with the implementation of various government initiatives promoting the modernization of defense units, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global blind bolts market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, diameter, grade and application.
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:
Automotive
Aerospace
Machinery and Equipment
Construction
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and TriMas Corporation.
Key Questions Answered in This Report
1. What was the size of the global blind bolts market in 2022?
2. What is the expected growth rate of the global blind bolts market during 2023-2028?
3. What are the key factors driving the global blind bolts market?
4. What has been the impact of COVID-19 on the global blind bolts market?
5. What is the breakup of the global blind bolts market based on the product?
6. What is the breakup of the global blind bolts market based on the diameter?
7. What is the breakup of the global blind bolts market based on the grade?
8. What is the breakup of the global blind bolts market based on the application?
9. What are the key regions in the global blind bolts market?
10. Who are the key players/companies in the global blind bolts market?
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook