23 December 2019
With global demand for aerospace grade fasteners set to climb at a CAGR of 7.6% until 2024, thanks to a thriving aerospace industry, Fastener Fair France has decided to devote an entire area to the sector at the Paris Expo-Porte de Versailles, in hall 3.2, on 27th – 28th May 2020.
This unique area at Fastener Fair France will provide a great networking opportunity for buyers and sellers in the industry. Export giants such as Airbus, Arconic, Align Aerospace, Dassault Aviation, and Safran visited Fastener Fair France in 2018. The motor, construction and manufacturing industries were well represented too, with manufacturing leaders such as Renault, British Steel and fischer also at Fastener Fair France 2018.
“Nearly 100 international exhibitors have already booked stands for 2020, to capitalise on the positive market outlook for industrial fasteners,” said Olivia Griscelli, exhibition director for Fastener Fair France, on behalf of the organisers Mack Brooks Exhibitions.
Exhibitors from the fastener and fixing industry for the 2020 edition include BAFA SA, Scell-it®, RMZ Vertriebsgesellschart mbH, pgb-Europe and S+P France.
“Visitors are more willing to invest when they have a unique marketplace to enjoy, with the show once again having the support of the French Association of Fastener Distributors in 2020. Out of the 161 international exhibitors in 2018, 75% received positive business enquiries. The international fair, the only one in France dedicated to fastener and fixing technologies, provides a great opportunity for exhibitors in the fastener industry to display their latest innovations. The fair comes at a key time, with buyers looking to step up purchases to meet growing demand,” said Olivia Griscelli.
Driven by a buoyant aerospace, automotive and construction industry, a 24% rise in the French aerospace grade fastener market over 2020 – 2025 to reach US$1 billion (€900.6 million) is foreseen and a 3% annual increase in industrial fasteners is forecast to total US$2.8 billion, a study on industrial fasteners by the Freedonia Group shows.
The French aerospace industry, ranked second after the USA, is France’s largest industrial sector, followed by the automotive industry, both predicted to grow steadily until 2025. The global industrial fastener market is also set to grow by 4% annually to total US$99.5 billion by 2025, the Global Industrial Fasteners Report by Product and Market, 9th Edition by the Freedonia Group, revealed.