EuroWire July 2022

Corporate News

Industrial nailers market projected to increase at 7.9 per cent CAGR

within their products, thus reducing accidents,” said an FMI analyst. Falling production levels have also reduced demand for pneumatic, cordless and gas-powered industrial nailers. While conservative estimates set recovery between the next eight to 14 quarters, the optimistic scenario projects growth to rebound within the next five to eight quarters. Future Market Insights www.futuremarketinsights.com

the epicentre of growth, accounting for more than 50 per cent of the revenue share by 2030. Other key details from the report include: cordless industrial nailers will outsell pneumatic variants; framing and sheathing nailers will capture nearly a quarter of the revenue share; automatic nailers are projected to surge in popularity, gaining 170 BPS from 2020-2030; and the furniture segment will generate an incremental opportunity worth $153mn. “Concerns regarding injuries while using industrial nailers are prompting vendors to introduce enhanced safety features The company anticipates serving a large number of local customers. For industrial springs, there are various industries to address, and Alcomex states that its experience of more than 150 years as a spring manufacturer will bring added value. The Spanish versions of the Alcomex website and online shop are active and ready to serve and inform new customers. Alcomex www.alcomexsprings.com expected to create valuable opportunities in the sector. Strict Covid-19 regulations on logistics and air travel services gave way to a steep decline in the production of new aircraft. This factor impacted the global aerospace fasteners market negatively, especially during the initial phase, but it is projected to revive soon, as the global situation returns to levels of normality. On the basis of material, the alloy steel segment held the major share in 2020, with more than a third of the global aerospace fasteners market, owing to the installation of a maximum number of steel fasteners in aircraft. The titanium segment, however, is projected to see the fastest CAGR of 6 per cent throughout the forecast period, owing to its high tensile

Future Market Insights (FMI) reports that the industrial nailers market is expected to reach $629.6mn in 2022, and likely to surge at 7.9 per cent CAGR during the assessment period 2022 to 2030. Global demand for industrial nailers is likely to grow at nearly 7.9 per cent, with end-users showing a preference for cordless industrial nailers. A new study by FMI offers detailed insights on key factors likely to influence the market in the long term.

US and East Asian countries will remain

Alcomex starting in Spain Spring manufacturer Alcomex started the year with the creation of a new subsidiary. Alcomex Muelles is located inValencia, the third largest city in Spain by population. Valencia is a strategic city due to its position as a cargo port, and is a major container port in the Mediterranean.

Spain is a market with high potential for industrial springs and garage door springs. Alcomex’s position as a manufacturer in the European market for industrial and residential sectional door springs places it as a known player.

Photo courtesy of www.alcomexsprings.com

Alcomex has established operations in Spain

Global aerospace fasteners market to reach $12.8bn by 2030

strength and capability to withstand extreme temperatures. In terms of products, the nuts and bolts segment contributed the largest share in 2020, with more than 40 per cent of the global aerospace fasteners market. The same segment will also show the fastest CAGR – 5.2 per cent from 2021 to 2030 – which is attributed to the products’ stability when used in assembly. By region, the market across Asia-Pacific, followed by North America, dominated in 2020, with more than a third of the global aerospace fasteners market. It is also expected to see CAGR of 5.9 per cent throughout the forecast period, due to high air traffic in the region. Allied Market Research www.alliedmarketresearch.com

Allied Market Research has published a report looking at the aerospace fasteners market by material (aluminium, alloy steel, titanium and others), product (nuts and bolts, rivets, screws and others), and application (military aviation, commercial aviation and civil aviation). According to the report, the global aerospace fasteners market was estimated at $7.42bn in 2020 and is expected to reach $12.8bn by 2030, registering a CAGR of 5.5 per cent from 2021 to 2030. A rise in air travel and a surge in govern- ment expenditure on defence will drive the growth of the global market, while a rise in the adoption of 3D printing will restrain the growth to some extent. However, developments in aerospace applications around the world are

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July 2022