According to IMARC Group’s latest report, titled “Blind Bolts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. the global blind bolts market reached a value of US$ 3.72 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.19 Billion by 2027, exhibiting at a CAGR of 5.2% during 2022-2027.
Blind bolts are structural fasteners that are used for securing pre-drilled holes from one end without requiring access to the other end to complete the lock. They consist of a steel pin, collar and sleeve and are commonly available in heavy-duty and thin-walled variants. In comparison to the traditionally used rivets or weld, blind bolts exhibit higher strength and adaptability. They are available in a wide variety of sizes, configurations and strengths, which offer convenient installation, stronger connections, enhanced stability and corrosion resistance. As a result, blind bolts are extensively used across various industries, such as aerospace, construction, marine and railways.
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Blind Bolts Market Trends:
The global blind bolts market is primarily being driven by significant growth in the aerospace industry. Blind bolts are widely used in the manufacturing of aircraft components, such as nacelles, interiors and wings, which provide high strength and vibration resistance. Moreover, various product innovations, such as the utilization of titanium for the production of lightweight blind bolts, are favoring the market growth. Other factors, including significant improvements in the defense infrastructure, along with the widespread product adoption to manufacture rail equipment, are creating a positive outlook for the market.
- 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:
Breakup by Grade:
- Grade 8.8
- Grade 10.9
- Grade 316
Breakup by Application:
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- 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
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