There's a lucrative presence of manufacturers operating in the global assembly fastening tool market. These players are focusing on increasing their investments on R&D activities to improve the product quality to meet rising consumer requirements.

Due to border control measures, the organizers of the "Taiwan International Fastener Show" (Fastener Taiwan), Bureau of Foreign Trade, MOEA, and implementers, the Taiwan External Trade Development Council (TAITRA) and the Taiwan Industrial Fasteners Institute (TIFI) have decided to postpone the show to May 3-5, 2023 at the Kaohsiung Exhibition Center.

The global market for industrial fasteners estimated at U.S.$69.7 billion in the year 2022, is projected to reach a revised size of US$87.3 billion by the year 2026 — growing at a CAGR of 4.2% over the analysis period. This is according to a new study by Global Industry Analysts Inc., a premier market research company.