Overview:

The global blind rivet nut market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Blind rivet nut is counter bored tubular rivet, which is internally threaded and anchored entirely from one side. These industrial fasteners have become a indispensable part of modern engineering.

Blind rivet nuts allows to install bolt threats of various material into thin or low rigidity components, hollow sections or other components not accessible from both sides, and components which already have a coated surface. These nuts are also used to connect different components to each other at the same time and attach the additional parts.

Market Dynamics:

Growing demand for of blind rivet nut from automotive and construction industry is a major factor driving growth of the global blind rivet nut market. The blind rivet nuts have wide applications in automotive industry primarily to attach components to dashboards and firewalls.

In addition, blind rivet nuts are extensively used in the automotive sector in order to assemble supporting parts of the vehicle structure such as chassis, car frame, door hinges, steering column, seat structure, etc. as well as accessories such as plate holder, car boot, luggage rack bars, etc.

Moreover, growing demand for blind rivet nuts in construction sector for various applications such as in window fixtures, structures for façades, scaffoldings, and in shelves, is anticipated to fuel growth of the global blind rivet nut market over the forecast period.

Key Trends:

Growing focus on capacity expansion among key players to serve the growing demand of blind rivet nut is a key trend witnessed in the global blind rivet nut market. For example, in February 2019, Arconic Inc. has announced to expand its capacity in order to capture the growing demand of products. In addition, in March 2019, Stanley Engineered Fastening has opened a new production facility in Ohio to serve the growing demand for various products including blind rivet nuts from construction, industrial, aerospace sector.

Regional Analysis:

For detailed understanding of market dynamics, the global blind rivet nut market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently Asia Pacific dominates the global market and is expected to continue its dominance over the forecast period. This is owing to high presence of automotive sector and growing vehicle sales in countries in the region. In addition, growing aerospace sector and defense sector is another factor supporting growth of the target market over the forecast period.

However, Europe holds second largest market share in the global market, closely followed by North America. Growing demand for blind rivet nuts from aerospace and defense sector and growing production of civil aircraft are key factors driving growth of the blind rivet nut market in countries in these regions.

Scope of the Report:

Detailed Segmentation:

Global Blind Rivet Nut Market, By Material:

• Steel
• Stainless Steel
• Aluminum
• Other Materials

Global Blind Rivet Nut Market, By Application:

• Automotive
• Construction
• Aerospace and Defense
• Electronics
• Other Applications

Key Players Covered:

Key players operating in the global blind rivet nut market include, TR Fastenings Ltd., Bollhoff Fastenings Pvt. Ltd., Arconic Inc., Stanley Engineered Fastening, Acument Global Technologies, Inc., Ornit Blind Rivets Ltd., Ocean International, and Clock Win Equipment.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Blind Rivet Nut Market by material, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global blind rivet nut market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.