The "Machine Shops Turned Product And Screw, Nut, And Bolt Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

The global machine shops, turned product, and screw, nut, and bolt market is expected to grow from $396.42 billion in 2021 to $439.17 billion in 2022 at a compound annual growth rate (CAGR) of 10.8%. The market is expected to grow to $631.71 billion in 2026 at a CAGR of 9.5%.

Europe was the largest region in the machine shops, turned product, and screw, nut, in 2021. The Asia Pacific was the second-largest region in the machine shops, turned product, screw, nut, and bolt market. The regions covered in the machine shops, turned product, and screw, nut, report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Rapidly growing urban populations are expected to drive the demand for metal products in the forecast period. A large number of people living in rural areas are migrating to urban areas in search of a better life. This is expected to increase the need for housing and infrastructure. Infrastructure demand is expected to increase significantly in Asian countries such as China, India, Vietnam and the Philippines. According to the World Urbanization Prospects Report by the United Nations, 55% of the world's population lived in urban areas, and the rate is expected to rise to 68% by 2050. According to the World Bank, the urban population in South Asia is expected to grow to 250 million by 2030.

The machine shops, turned product and screw, nut, and bolt manufacturing industry is being restrained by the rise in power tariffs. Globally, there are movements to increase the use of alternative sources of electric power such as solar, wind, and nuclear power. Initiatives by non-governmental organizations (NGOs), multilateral organizations and many governments to increase the production and use of alternative sources of power and other economic factors cause a rise in overall power tariffs affecting different industries. The rise in the power tariffs increases the production costs, affecting the machine shops, turned product and screw, nut, and bolt manufacturing market.

Many machine shops, turned products, and screw, nut, and bolt manufacturing companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reducing potential breakdowns.

The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider machine shops; turned product; and screw; nut; and bolt market; and compares it with other markets.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Machine Shops; Turned Product; And Screw; Nut; And Bolt Market Characteristics

4. Machine Shops; Turned Product; And Screw; Nut; And Bolt Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Machine Shops; Turned Product; And Screw; Nut; And Bolt Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Machine Shops; Turned Product; And Screw; Nut; And Bolt Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Machine Shops; Turned Product; And Screw; Nut; And Bolt Market Trends And Strategies

8. Impact Of COVID-19 On Machine Shops; Turned Product; And Screw; Nut; And Bolt

9. Machine Shops; Turned Product; And Screw; Nut; And Bolt Market Size And Growth

9.1. Market Size

9.2. Historic Market Growth; Value

9.3. Forecast Market Growth; Value

10. Machine Shops; Turned Product; And Screw; Nut; And Bolt Market Regional Analysis

10.1. Global Machine Shops; Turned Product; And Screw; Nut; And Bolt Market; 2020; By Region; Value

10.2. Global Machine Shops; Turned Product; And Screw; Nut; And Bolt Market; 2016-2021; 2021-2026F; 2031F; Historic And Forecast; By Region

10.3. Global Machine Shops; Turned Product; And Screw; Nut; And Bolt Market; Growth And Market Share Comparison; By Region

11. Machine Shops; Turned Product; And Screw; Nut; And Bolt Market Segmentation

12. Machine Shops; Turned Product; And Screw; Nut; And Bolt Market Segments

12.1. Global Turned Product And Screw; Nut; And Bolt Market; Segmentation By Type; 2016-2021; 2021-2026F; 2031F; Value

12.2. Global Machine Shops Market; Segmentation By Type; 2016-2021; 2021-2026F; 2031F; Value

13. Machine Shops; Turned Product; And Screw; Nut; And Bolt Market Metrics

13.1. Machine Shops; Turned Product; And Screw; Nut; And Bolt Market Size; Percentage Of GDP; 2016-2025; Global

13.2. Per Capita Average Machine Shops; Turned Product; And Screw; Nut; And Bolt Market Expenditure; 2016-2025; Global

Companies Mentioned

• Berkshire Hathaway Inc.
• Illinois Tool Works Inc.
• Stanley Black & Decker Inc.
• Lisi S.A.
• The SFS Group AG
• Misumi Group Inc.
• Bulten AB
• Arconic Inc.

For more information about this report visit https://www.researchandmarkets.com/r/6zfgdd

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View source version on businesswire.com: https://www.businesswire.com/news/home/20220629005476/en/