Half Thread Bolt Market
Half Thread Bolt Market Forecasts to 2030 - Global Analysis By Material Type (Steel Half Thread Bolts, Stainless Steel Half Thread Bolts, Alloy Half Thread Bolts, Brass Half Thread Bolts, Titanium Half Thread Bolts, Aluminum Half Thread Bolts and Other Material Types), Size and Diameter, Thread Type, Price Range, Distribution Channel, Application, End User and By Geography
Years Covered |
2021-2030 |
Estimated Year Value (2023) |
US $58.5 BN |
Projected Year Value (2030) |
US $98.3 BN |
CAGR (2023 - 2030) |
7.7% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
Asia Pacific |
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Half Thread Bolt Market is accounted for $58.5 billion in 2023 and is expected to reach $98.3 billion by 2030 growing at a CAGR of 7.7% during the forecast period. The industry that manufactures, sells, and distributes bolts with a partially threaded design is known as the ""Half Thread Bolt."" Only part of the shaft of these specialty bolts is usually threaded, leaving the remaining portion of the bolt unthreaded. This unique design serves a specific function and frequently combines the benefits of fully threaded and non-threaded bolts.
According to the United Nations (UN), around 68% of the world population is expected to live in urban areas by 2050.
Market Dynamics:
Driver:
Infrastructure development
The need for dependable and lasting fasteners like half-thread bolts rises as countries invest in developing their infrastructure, including roads, bridges, and public utilities. In order to guarantee the stability and structural integrity of diverse infrastructure projects, these bolts are essential. Half-thread bolts are a necessary fastening option, whether they are utilized in the assembly of building support structures or the development of transportation networks.
Restraint:
Fluctuating raw material prices
Since raw materials like steel are used to make most half-thread bolts, fluctuations in their price have an immediate effect on production costs. Unexpected rises in the cost of steel can result in higher manufacturing costs, which could lower manufacturers' profit margins and change how affordable half-thread bolts are for final consumers. However, the raw material market's supply-demand imbalances, conflicts in international trade, and economic uncertainty all pose threats to the market.
Opportunity:
Technological developments
Half-thread bolts perform better, last longer, and work more efficiently due to improvements in production techniques, materials, and design. The manufacturing of bolts with enhanced tensile strength, resistance to corrosion, and other essential properties is made possible by innovations that satisfy the changing demands of various industries. Furthermore, advancements in technology enable more affordable production, expanding the market for premium bolts. Improved accuracy and production-based customization make half-thread bolts more versatile for a range of uses, which increases their market potential.
Threat:
Environmental concerns
As environmental responsibility and sustainability become more important, there is a growing need for eco-friendly options in manufacturing and construction. The environmental impact of traditional half-thread bolts, which typically consist of steel, can attract concern because of how they are extracted and disposed of. The problem gets worse with stricter laws governing emissions and the disposal of trash. This has forced the industry to look into more environmentally friendly alternatives, like recyclable or biodegradable materials, which could lead to a move away from traditional half-thread bolts.
Covid-19 Impact:
Global industrial and building activity decreased as a result of the widespread lockdowns, disruptions in the supply chain, and uncertainty in the economy. The need for half-thread bolts was directly impacted by the numerous building projects that were postponed or canceled. Suppliers and manufacturers had to reevaluate production schedules and adjust to the volatile marketplace as the construction industry, a significant consumer of half-thread bolts, experienced difficulties.
The alloy half thread bolts segment is expected to be the largest during the forecast period
Due to alloy materials' higher strength, durability, and resistance to corrosion over more conventional materials like carbon steel, the alloy half-thread bolts category held the largest market share. To guarantee dependable and long-lasting fastening solutions, industries—especially those in the construction, automotive, and industrial sectors—are using alloy half-thread bolts more and more. Moreover, the use of alloy variations has increased as people's understanding of the value of high-performance fasteners in crucial applications has grown.
The automotive bolts segment is expected to have the highest CAGR during the forecast period
Because of the strong growth of the automobile industry and the rising demand for dependable, high-performing fastening systems, the automotive bolts category is predicted to experience profitable growth. In order to secure different components and guarantee structural integrity, half-thread bolts are essential to automobile assembly. The demand for specialty bolts that combine strength and precision is rising due to developments in automotive technology, such as the development of electric vehicles and lightweight designs. Moreover, these shifting regulations, along with the global trend toward environmentally friendly and fuel-efficient automobiles, are driving up the usage of automotive bolts.
Region with largest share:
Due to the demand for half-thread bolts being driven by rapid urbanization, strong industrialization, and massive infrastructure development projects across countries like China, India, and Southeast Asian nations, the Asia-Pacific region accounted for the largest share. The region's thriving automotive sector, which is supported by rising consumer demand and manufacturing activity, additionally plays a significant role in the increase in demand for half-thread bolts.
Region with highest CAGR:
With so many ongoing residential, commercial, and infrastructure projects, the construction industry in North America is expected to grow at a profitable rate, which will result in a large increase in the need for half-thread bolts. Reliability and durability in fastening systems are crucial, particularly considering the region's commitment to infrastructure development and emphasis on sustainable building standards.
Key players in the market
Some of the key players in Half Thread Bolt market include Acument Global Technologies, Agrati Group, Alcoa Fastening Systems, Dokka Fasteners, Fastenal Company, Kova Fasteners, Lokring Technology LLC, MW Industries, Inc., Nucor Corporation, Portland Bolt & Manufacturing Company, Ramco Specialties Inc, Stanley Black & Decker, Sundram Fasteners Limited and The Hillman Group.
Key Developments:
In September 2023, MW Components, a leading provider of precision components, announced the acquisition of Elgin Fastener Group, a specialty fastener manufacturer. The combined company will offer the most comprehensive set of specialty fasteners in the market, including custom fasteners such as nuts, bolts, rivets, screws, and more, along with an extensive catalog of in-stock components.
In June 2023, Halozyme Therapeutics, Inc. entered into a global collaboration and non-exclusive license agreement with Acumen Pharmaceuticals leveraging Halozyme's ENHANZE drug delivery technology, a recombinant human hyaluronidase PH20 enzyme (rHuPH20) for rapid subcutaneous drug delivery, for a single target. Acumen intends to explore the potential use of ENHANZE for ACU193, Acumen's clinical-stage monoclonal antibody (mAb) candidate to target Amyloid-β Oligomers (AβOs) for the treatment of early Alzheimer's disease (AD).
Material Types Covered:
• Steel Half Thread Bolts
• Stainless Steel Half Thread Bolts
• Alloy Half Thread Bolts
• Brass Half Thread Bolts
• Titanium Half Thread Bolts
• Aluminum Half Thread Bolts
• Other Material Types
Size and Diameters Covered:
• Small Diameter Half Thread Bolts
• Medium Diameter Half Thread Bolts
• Large Diameter Half Thread Bolts
Thread Types Covered:
• Fine Thread Half Bolts
• Coarse Thread Half Bolts
• Other Thread Types
Price Ranges Covered:
• Low-Cost Half Thread Bolts
• Mid-Range Half Thread Bolts
Distribution Channels Covered:
• Direct Sales
• Distributors
• Online Retail
Applications Covered:
• Structural Bolts
• Automotive Bolts
• Aerospace Bolts
• Machine Bolts
• Other Applications
End Users Covered:
• Construction and Infrastructure
• Manufacturing
• Oil and Gas
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Half Thread Bolt Market, By Material Type
5.1 Introduction
5.2 Steel Half Thread Bolts
5.3 Stainless Steel Half Thread Bolts
5.4 Alloy Half Thread Bolts
5.5 Brass Half Thread Bolts
5.6 Titanium Half Thread Bolts
5.7 Aluminum Half Thread Bolts
5.8 Other Material Types
6 Global Half Thread Bolt Market, By Size and Diameter
6.1 Introduction
6.2 Small Diameter Half Thread Bolts
6.3 Medium Diameter Half Thread Bolts
6.4 Large Diameter Half Thread Bolts
7 Global Half Thread Bolt Market, By Thread Type
7.1 Introduction
7.2 Fine Thread Half Bolts
7.3 Coarse Thread Half Bolts
7.4 Other Thread Types
8 Global Half Thread Bolt Market, By Price Range
8.1 Introduction
8.2 Low-Cost Half Thread Bolts
8.3 Mid-Range Half Thread Bolts
9 Global Half Thread Bolt Market, By Distribution Channel
9.1 Introduction
9.2 Direct Sales
9.3 Distributors
9.4 Online Retail
10 Global Half Thread Bolt Market, By Application
10.1 Introduction
10.2 Structural Bolts
10.3 Automotive Bolts
10.4 Aerospace Bolts
10.5 Machine Bolts
10.6 Other Applications
11 Global Half Thread Bolt Market, By End User
11.1 Introduction
11.2 Construction and Infrastructure
11.3 Manufacturing
11.4 Oil and Gas
11.5 Other End Users
12 Global Half Thread Bolt Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Acument Global Technologies
14.2 Agrati Group
14.3 Alcoa Fastening Systems
14.4 Dokka Fasteners
14.5 Fastenal Company
14.6 Kova Fasteners
14.7 Lokring Technology LLC
14.8 MW Industries, Inc.
14.9 Nucor Corporation
14.10 Portland Bolt & Manufacturing Company
14.11 Ramco Specialties Inc
14.12 Stanley Black & Decker
14.13 Sundram Fasteners Limited
14.14 The Hillman Group
List of Tables
1 Global Half Thread Bolt Market Outlook, By Region (2021-2030) ($MN)
2 Global Half Thread Bolt Market Outlook, By Material Type (2021-2030) ($MN)
3 Global Half Thread Bolt Market Outlook, By Steel Half Thread Bolts (2021-2030) ($MN)
4 Global Half Thread Bolt Market Outlook, By Stainless Steel Half Thread Bolts (2021-2030) ($MN)
5 Global Half Thread Bolt Market Outlook, By Alloy Half Thread Bolts (2021-2030) ($MN)
6 Global Half Thread Bolt Market Outlook, By Brass Half Thread Bolts (2021-2030) ($MN)
7 Global Half Thread Bolt Market Outlook, By Titanium Half Thread Bolts (2021-2030) ($MN)
8 Global Half Thread Bolt Market Outlook, By Aluminum Half Thread Bolts (2021-2030) ($MN)
9 Global Half Thread Bolt Market Outlook, By Other Material Types (2021-2030) ($MN)
10 Global Half Thread Bolt Market Outlook, By Size and Diameter (2021-2030) ($MN)
11 Global Half Thread Bolt Market Outlook, By Small Diameter Half Thread Bolts (2021-2030) ($MN)
12 Global Half Thread Bolt Market Outlook, By Medium Diameter Half Thread Bolts (2021-2030) ($MN)
13 Global Half Thread Bolt Market Outlook, By Large Diameter Half Thread Bolts (2021-2030) ($MN)
14 Global Half Thread Bolt Market Outlook, By Thread Type (2021-2030) ($MN)
15 Global Half Thread Bolt Market Outlook, By Fine Thread Half Bolts (2021-2030) ($MN)
16 Global Half Thread Bolt Market Outlook, By Coarse Thread Half Bolts (2021-2030) ($MN)
17 Global Half Thread Bolt Market Outlook, By Other Thread Types (2021-2030) ($MN)
18 Global Half Thread Bolt Market Outlook, By Price Range (2021-2030) ($MN)
19 Global Half Thread Bolt Market Outlook, By Low-Cost Half Thread Bolts (2021-2030) ($MN)
20 Global Half Thread Bolt Market Outlook, By Mid-Range Half Thread Bolts (2021-2030) ($MN)
21 Global Half Thread Bolt Market Outlook, By Distribution Channel (2021-2030) ($MN)
22 Global Half Thread Bolt Market Outlook, By Direct Sales (2021-2030) ($MN)
23 Global Half Thread Bolt Market Outlook, By Distributors (2021-2030) ($MN)
24 Global Half Thread Bolt Market Outlook, By Online Retail (2021-2030) ($MN)
25 Global Half Thread Bolt Market Outlook, By Application (2021-2030) ($MN)
26 Global Half Thread Bolt Market Outlook, By Structural Bolts (2021-2030) ($MN)
27 Global Half Thread Bolt Market Outlook, By Automotive Bolts (2021-2030) ($MN)
28 Global Half Thread Bolt Market Outlook, By Aerospace Bolts (2021-2030) ($MN)
29 Global Half Thread Bolt Market Outlook, By Machine Bolts (2021-2030) ($MN)
30 Global Half Thread Bolt Market Outlook, By Other Applications (2021-2030) ($MN)
31 Global Half Thread Bolt Market Outlook, By End User (2021-2030) ($MN)
32 Global Half Thread Bolt Market Outlook, By Construction and Infrastructure (2021-2030) ($MN)
33 Global Half Thread Bolt Market Outlook, By Manufacturing (2021-2030) ($MN)
34 Global Half Thread Bolt Market Outlook, By Oil and Gas (2021-2030) ($MN)
35 Global Half Thread Bolt Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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