Home Engineered Products & Infrastructure LAMEA Blind Bolts Market Outlook, Growth, Report to 2030

LAMEA Blind Bolts Market

Select Regional / Country Report

LAMEA Blind Bolts Market Size, Share & Trends Analysis Report By Product Type (Heavy, Thin Wall), By Diameter (M8, M10, M12, M16, Others), By Grade (Grade 8.8, Grade 10.9, Grade 316), By Application (Automotive, Aerospace, Machinery and Equipment, Construction, Others) and By Country(Brazil, Mexico, Argentina, Chile, Colombia, UAE, Turkey, Saudi Arabia, South Africa, Egypt, Nigeria, Rest of LAMEA) Forecasts, 2024-2032

Report Code: SREI3349DR
Study Period 2020-2032 CAGR 3.85%
Historical Period 2020-2022 Forecast Period 2024-2032
Base Year 2023 Base Year Market Size USD XX Billion
Forecast Year 2032 Forecast Year Market Size USD XX Billion
The sample report only takes 30 secs to download, no need to wait longer.

Market Overview

Latin America, The Middle East, and Africa are some of the least developed markets for Blind Bolts with an expected valuation of USD 733 million and a CAGR of 3.85% for the period of 2022 to 2030 keeping 2021 as the base year.

A blind bolt is a stronger and longer-lasting fastener than a rivet or weld. Because it is only attached from one side of the material, it is referred to as a "blind." This makes it perfect for maintenance and production. Because they exist in a variety of sizes and patterns, choosing the proper fastener for the job can be challenging. Furthermore, selecting the right blind bolt guarantees that the structure is as strong as possible.

Blind bolts are used in a variety of industries, including automotive, aerospace, machinery and equipment, construction, and many more. Blind bolts are ideal for heavy-duty applications since they do not loosen when subjected to continuous vibrations.

In 2021, the global blind bolts market was valued at USD 3,797 million, and by 2030, it is estimated to produce USD 5,770 million. During the forecast period of 2022–2030, the market is expected to develop at a CAGR of 5%.

Market Dynamics

Market Dynamics

LAMEA Blind Bolts Market Drivers

Large expenditures in infrastructure projects and the expansion of the construction industry in Brazil and the Gulf countries are propelling LAMEA forward. The construction business in Colombia and Argentina is fuelled by economic growth, which drives up demand for construction machines and equipment. During the forecast period, demand for blind bolts is expected to rise due to the growing need for machinery and equipment.

The Defence industry of the Middle Eastern country Israel is also highly developed and is heavily manufacturing Defence Equipment which further increases the demand for Blind Bolts in North America.

The automobile industry is the most important driver of market growth for blind bolts. Blind bolts are a popular fastener in the automobile industry for assembling structural sections such as the chassis, door hinges, seat structure, and other components. They are also excellent for brittle and soft materials, such as the dashboard of an automobile.

Lock washer demand is predicted to rise as the automotive industry expands, particularly in emerging nations. Countries like the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Israel, Brazil, etc. have great demand for automobiles. This demand boosts the growth of Blind Bolts in these regions.

LAMEA Blind Bolts Market Restraints

Steel makes up the majority of the blind bolts. The price of steel has a considerable impact on the price of blind bolts. The global steel price has been pulled down by the recent drop in iron ore prices. Steel prices have dropped in recent years, resulting in a decline in order profit. This impacts European countries more because most of these countries import iron for further manufacturing.

Blind bolt selection necessitates matching size and strength, which necessitates experience. During the projected period, this could stifle the expansion of the blind bolts market.

LAMEA Blind Bolts Market Opportunities

Most of the Countries in the LAMEA region are either developing or underdeveloped making it a potential market for the construction and manufacturing sector. This can boost the demand for Blind Bolts in the future.

Most African and Latin American countries are rich in forest resources and Iron Ores. So these can become good industries of furniture manufacturing. Manufacturing of furniture requires Blind Bolts adequately. So, these can further boost the demand for Blind Bolt.

COVID Impact: During COVID-19, supply chain interruptions hampered the trade, causing a lack of raw materials for producers and a delay in delivering finished items in the form of blind bolts to customers. As official prohibitions around the world have been lifted, demand for blind bolts has already begun to rebound to pre-pandemic levels.

LAMEA Blind Bolts Market Countrywise Analysis

Regional Growth Insights Request Sample Pages

Report Scope

Report Metric Details
Segmentations
By Product Type
  1. Heavy
  2. Thin Wall
By Diameter
  1. M8
  2. M10
  3. M12
  4. M16
  5. Others
By Grade
  1. Grade 8.8
  2. Grade 10.9
  3. Grade 316
By Application
  1. Automotive
  2. Aerospace
  3. Machinery and Equipment
  4. Construction
  5. Others
Company Profiles Asia Bolts Industries LLC MF Fasteners Industries LLC Al Jazeera Bolts Industries LLC Al Bateen Fasteners LLC Metallic Bolts Industries LLC Metal Fasteners Mfr Co LTD SA FASTENERS WESTMEAD Blind Bolt South Africa Astra Fasteners
Geographies Covered
LAMEA Brazil Mexico Argentina Chile Colombia UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of LAMEA
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Top Key Players

LAMEA Blind Bolts Market Share of Key Players

LAMEA Blind Bolts Market Share of Key Players
Asia Bolts Industries LLC MF Fasteners Industries LLC Al Jazeera Bolts Industries LLC Al Bateen Fasteners LLC Metallic Bolts Industries LLC Metal Fasteners Mfr Co LTD SA FASTENERS WESTMEAD Blind Bolt South Africa Astra Fasteners Others

Frequently Asked Questions (FAQs)

How big is the LAMEA Blind Bolts market?
Latin America, The Middle East, and Africa are some of the least developed markets for Blind Bolts with an expected valuation of USD 733 million and a CAGR of 3.85% for the period of 2022 to 2030 keeping 2021 as the base year.
The key players in the global LAMEA Blind Bolts include Asia Bolts Industries LLC, MF Fasteners Industries LLC, Al Jazeera Bolts Industries LLC, Al Bateen Fasteners LLC, Metallic Bolts Industries LLC
LAMEA blind bolts market drivers are some key drivers supporting the growth of the LAMEA Blind Bolts market.


We are featured on :