North America Industrial Fasteners Industry Overview
The North America Industrial Fasteners Market is moderately fragmented, with both local and international players having decades of industry experience. The vendors in the market are incorporating a powerful competitive strategy by leveraging their expertise. Some of the major players operating in the market include ARaymond Industrial, Fontana Gruppo, Illinois Tool Works Inc., and LISI Group, among others.
- December 2021 - Trimas Corporation announced the acquisition of TFI Aerospace. Located near Toronto, Canada, TFI is a manufacturer and supplier of specialty fasteners used in a variety of applications, predominantly for the aerospace end market. The acquisition is expected to help the company further strengthen its presence in the North American region.
- January 2022 - Fastenal Co., a distributor of original equipment manufacturers (OEM), maintenance, repair, and operations (MRO), construction, industrial, and safety products, is working to speed up the process. In 2022 and beyond, Fastenal expects its "digital footprint" sales to account for an even higher percentage of overall sales. "The company's goal is to reach 55 percent by 2022, but they feel it might eventually reach 85 percent".
North America Industrial Fasteners Market Leaders
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ARaymond Industrial
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Fontana Gruppo
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Illinois Tool Works Inc.
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Stanley Black & Decker, Inc.
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LISI Group
- *Disclaimer: Major Players sorted in no particular order
