World News: 09:40 GMT Tuesday 3rd December 2019. [Yahoo Business News Feed via SPi World News]
The global fasteners market is expected to grow at a substantial CAGR in the years to come. This could be attributed to increase in the production of custom manufacturing along with plastic variant's penetration in automotive industry. The latest trend in this regard is gears shifting toward manufacturing innovative products like miniature, hybrid, and specialty fasteners for tapping the alternating set of customers. Furthermore, inorganic growth practices like mergers and acquisitions are being tried out for increasing production capacities, geographical reach, and product variation; thereby establishing a strong foothold overall.
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