Mechanical fasteners used in industrial applications include a wide range of products, from bolts and screws to washers and clamps. Fasteners are not only used in industrial machinery, but also construction, motor vehicles, and aerospace equipment.

Technological advancements have brought an industrial revolution, with each sector adopting technologies to improve efficiency, reduce operational costs, and enhance the quality of product. One of the major technologies making waves in the industrial sector in the past decade is automation.

The agricultural industry is undergoing a significant transition as it embraces the power of electric technology. Electric farm tractors, with their efficiency, sustainability, and potential cost savings, are becoming a key focus for farmers and industry experts.

The steel industry has a critical role to play in creating a more sustainable and circular economy. Steel is an essential material in many industries and has a wide range of applications.

The global graphite electrode market is projected to reach over USD 12 billion by 2028, according to a recent research report by Mordor Intelligence. Graphite electrodes are widely used in electric arc furnaces and melting furnaces in steel mills, silicon plants, and other factories.

Alternative fuels and energy sources are becoming increasingly significant due to the ongoing climate crisis.

According to a recent market intelligence report from BIS Research, the automotive intelligent lighting market was valued at $9.40 billion in 2017 and is expected to reach $15.08 billion by 2023, growing at a CAGR of 8.44% during the forecast period from 2018 to 2023.

The off-highway equipment market – which includes machinery used primarily off-road in construction, mining, forestry, and agricultural applications, among others – has struggled in recent years, restrained by challenging worldwide economic conditions and fluctuations in pricing and material costs. 

However, according to an ebook from The Freedonia Group, this market is expected to rebound through 2021, supported by growth in a few key global industries.

Smart manufacturing is a powerful disruptive force with the potential to restructure the current competitive landscape and produce a new set of market leaders. Companies that are slow to adopt new technologies and processes could be left behind.

According to a new market intelligence report by BIS Research, the global smart farming market is expected to reach $23.14 billion by 2022, rising at a compound annual growth rate (CAGR) of 19.3% from 2017 to 2022.

The market growth is primarily attributed to the increasing demand for higher crop yield, the growing penetration of information and communication technology (ICT) in farming, and the increasing need for climate-smart agriculture.