Global Hex Bolt Market was valued US$ XX Mn. in 2020 and is expected to reach US$ XX Mn. by 2026.
Hex bolts is a six sided heads industry standard for fasteners with forged heads. Hex bolts can be used for many different applications that include fastening wood, steel, and other construction materials for projects such as docks, bridges, highway structures, and buildings.
Hex bolts with forged heads are also commonly used as headed anchor bolts. They can be used with a nut, or in a tapped hole. Fully threaded hex bolts are also known as tap bolts. Hex bolts have greater tensile strength than other bolts.
The report covers the detailed analysis of Global Hex Bolt Market with the classifications of the market on by type, by material, by application and by region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players contribution in it.
The report has profiled sixteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and report has come up with recommendations for future hot spot in North America and APAC region. Major country’s policies about manufacturing and its impact on Hex Bolt applications demand is covered in the report.
Hex Bolts are made of anti-corrosion stainless steel, alloy steel and carbon steel materials, which ensures that the structure doesn’t weaken because of rust and also has high tensile strength, which acts as the driving factor to the growth of the Global Hex Bolt Market.
To prevent the disasters, automotive sector make sure that the head bolts incorporated in the critical areas are held in tension that exceeds the fasteners maximum load and makes sure the joints stay as tight as possible. The hex bolts are designed to bear loads of between 65% and 90% of their yield strength, which is expected to the boost the Global Hex Bolt Market.
Mandatory Minimum Energy Performance Standards (MEPS) for industrial and automotive sector have increased the need for use of good quality equipment’s and maintenance standards for better output and productivity. Proper condition of the vehicles and machinery is the main concern area as it may contribute to energy loss, excess power consumption and high carbon emission, which can affect the environment as well as the life of the machinery and vehicles. Proper maintenance and replacement of the accessories is necessary, which have contributed to the growth of the Global Hex Bolt Market.
The report groups the Global Hex Bolt Market in different segments by type, by pipe material, by application and by region to forecast the revenues and analyze the market share of each segment over the forecast period.Based on application, the automotive segment was dominant in 2020 and is expected to command market share of xx% by 2026. Hex head bolts are used in automotive applications on a large scale because of its properties like high tensile strength, corrosion resistant and high temperature resistivity. Usage of good quality of bolts contributes to the proper performance of the vehicles and also the need for maintenance reduces.
Based on material, the hex head bolts are available in various materials like stainless steel, carbon steel, alloys steel and other materials. Carbon steel hex bolts are used on a large scale because of properties like high hardness and toughness with low ductility. They are highly wear resistant, which makes them suitable for use in machinery and automotive applications.
Based on type, the sub segments are hex head bolts, flanged hex head bolt, vibration resistant hex head bolt, sealing hex head bolt and other types are also available.
APAC is expected to command largest market share of xx% by 2026
Increasing automobile sector in the developing and developed economies of APAC, like India and China have contributed to the growth of the Global Hex Bolt Market. The China government had set policies and regulations to protect its automotive industry against multinational auto makers. The China government issued China Automotive Industry Policy (the Policy) in 2005 to encourage consolidation among carmakers to boost their ability to compete with overseas competitor. Rapid growth in population and industrialization have increased the use of advanced devices and vehicles, thereby contributing to the growth of use of Hex Bolt Market.
The report also helps in understanding the Global Hex Bolt Market dynamics, structure by analyzing the Market segments and project the Global Hex Bolt Market which gives clear representation of competitive analysis of key players by price, financial position, portfolio, growth strategies, and regional presence in the Global Hex Bolt Market make the report investor’s guide.
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Global Hex Bolt Market, by Region
• North America
• Asia Pacific
• Middle East Africa
• South America
Key Players of the Global Hex Bolt Market
• Acument Global Technologies
• MW Industries
• Dokka Fasteners
• Big Bolt Nut
• LISI Group
• Canco Fastener
• Oglaend System
• IGC Fastners
• Nucor Fastener
• Vikrant Fasteners
• Penn Engineering
• XINXING FASTENERS
• TR Fastenings
• Portland Bolt
• Shanghai Tianbao Fastener Manufacturing
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