Factors that Contribute to the Growing Stature of the Industrial Fasteners Manufacturers

Factors that Contribute to the Growing Stature of the Industrial Fasteners Manufacturers

Industrial fasteners are the most important part of all types of industries, and they are used to join either two or even more assemblies. In their absence, nothing can be imagined in any industry vertical. Be it manufacturing, automobiles, aerospace, or any other industry, all depend upon high-quality fasteners manufactured and supplied by the top industrial fasteners manufacturers in India.

The fastener is a common term given to nuts, bolts, washers, clips, and clamps. All of these collectively are called fasteners in industrial circles. As of now, the global market for fasteners has become extremely competitive as a large number of companies have a presence across markets to beat their rivals. The United States, India, Germany and China are home to the industrial fasteners manufacturing giants.

Over the past 2 decades, Indian fastener manufacturers have risen to prominence because of the global quality products that they produce cost-effectively with no compromise on quality, durability, and reliability. As per industry experts, the fasteners industry in India is expected to grow at a CAGR of 7% by the end of 2026. Over the past 15 years, a never-before rise in various sectors such as manufacturing, construction, and automobiles in the countries like China, India, Australia, Brazil, and Saudi Arabia has triggered a never-before demand for high-quality industrial fasteners. The manufacturers of industrial fasteners have also realized this fact and accordingly, they are doing the needful.

Here are some of the top industries that are triggering the demand for industrial fasteners in India:

Auto Components Industry

The auto component industry in India has seen huge growth over the last 10 years. With the ever-growing income of the middle-class population across the country, people are buying more and more vehicles including both 2 and 4-wheelers. As a result, the manufacturing of automobiles has gone to a new high creating the demand for industrial fasteners in India. Given below are some of the highlights from the auto components industry in India:

● It accounts for 2.3% of India’s Gross Domestic Product (GDP)
● Employs around 1.5 million people directly and indirectly
● All set to become the third largest in the world by 2025
● Manufacturers are well-positioned to take advantage of the globalization of the sector.

As per the Automotive Component Manufacturers Association of India (ACMA), the export of the Indian auto-components industry is expected to reach US$ 100 billion by the end of 2026.

Construction Sector

The Urban Development segment and Real Estate are what form the construction industry in India. The Real estate segment includes residential buildings, corporate and commercial spaces, retail market establishments, hotels and leisure parks. On the other hand, the Urban Development segment broadly covers the following sub-segments:

● Water supply
● Sanitation
● Urban transport
● Schools, and
● Healthcare

A few statistical highlights about the construction sector in India

● By the end of the year 2025, the construction market is anticipated to emerge as the 3rd largest globally
● By the end of the year 2025, construction output is likely to grow on average by 7.1% each year
● By the end of the year 2025, the revenue from the construction equipment industry is expected to reach $ 7 billion.

Engineering Sector

The Indian Engineering sector is also one of the largest consumers of industrial fasteners. And, this ever-growing consumption is driven by increasing investment in the field of infrastructure as well as industrial production. The engineering sector is very closely associated with the infrastructure and manufacturing sectors and therefore holds significance to India’s economy. The Government has recently appointed the Engineering Export Promotion Council (EEPC) as the top body in charge of promotional activities for engineering products and services. Some of the products that India exports to the engineering sector include the following:

● Transport equipment
● Capital goods
● Machinery/equipment
● Castings
● Forgings, and
● Fasteners

Here is how Indian fasteners manufacturers are making their mark

Innovative manufacturing methodology and supreme quality raw materials

The Indian industrial fastener manufacturers over the past few decades have emerged as a global favorite for a large number of industries. They have adopted not only ultramodern manufacturing methodology but also the finest quality raw material. All the incoming materials are comprehensively checked in advanced labs before they go to the production department. The fasteners manufactured and supplied are of the finest quality and can be used under the most extreme operating conditions.

Forging & Rolling

The forging setup is capable of manufacturing a wide spectrum of standard and special fasteners. With thousands of MT capacity, these sophisticated manufacturing facilities house multi-station cold forging machines as well as circular rolling machines to carry out the operation. This infrastructural prowess capacitates the makers of fasteners to forge blanks of extremely high precision.

Delivering fasteners as per the exacting needs of the customers

The Indian fasteners manufacturers can design and develop fasteners exactly as per the customers’ requirements. Industrial fasteners find applications in very harsh working conditions and therefore need to be treated perfectly for various parameters, particularly the materials and coating. Some of the major factors that the manufacturers and suppliers consider include the following:

● Compression or shear
● Frequency of assembly and disassembly
● Types of forces acting around the fasteners
● The environment wherein the fasteners need to be installed or applied
● The temperature conditions
● Corrosive or non-corrosive conditions so that the treatment can be applied
● Tensile strength required.

Be it engineering excellence, infrastructural strength, innovative spirit, or the ability to beat their global peers, Indian fasteners manufacturers simply excel on each and every front.

Concluding Remarks

Established in the year 2005 at Chopanki (Bhiwadi), Rajasthan, Caparo’s Fasteners is the market- leader when it comes to manufacturing and supplying high-quality industrial fasteners in India. The company is a specialist in in-house manufacturing of a comprehensive range of high-tensile standard and special fasteners. Some of the top products manufactured by the company include Cylinder Head & Connecting Rod Bolts, Axle Bolt, Transmission Bolts, Wheel Bolts, Shoulder Bolts, Studs, Flange Bolts and Screws, Hex Flange Head Screw with Rib, Hex Flange Screw with the recess on head, Rivets, Socket Head Cap Screws, and Standard Hex Head Bolts & Screws. The company has also got unmatched abilities in gravity die casting for various operations.