2nd International Exhibition for Fastener & Fixing Technology

  • French
  • Italian
  • deutsch
  • tk

The Fasteners Market in France

The Fasteners Market in France

The Fasteners Market in France

French market overview

France is the world’s sixth largest economy, and ranks third within the EU. National GDP is currently seeing its strongest growth since 2011, and the economy is expected to accelerate further on the back of a recovery in exports and solid domestic demand. Business activity growth and policies designed to reduce labour costs are expected to boost employment and further reinforce the country’s favourable economic prospects.

 

Industrial Fastener Facts

According to a study on Industrial Fasteners by The Freedonia Group, demand for fasteners in France generated $2.1 billion in 2015.  As a result, the French market is the second largest in Western Europe behind Germany.  France has a large motor industry, and is also home to Airbus, a global leader in the commercial aircraft manufacturing industry. The study also shows that sales of industrial fasteners are expected to reach $2.4 billion by 2020, an increase of 3% per annum, with the aerospace sector overtaking the motor vehicle market. Shipments of industrial fasteners from France totalled $1.7 billion in 2015, making the country the third largest fastener producer in Europe after Germany and Italy. France’s main supply sources include Germany, Italy, the US, Taiwan, Spain, the UK, and China.

Sources: The Freedonia Group, National Institute of Statistics and Economic Studies (INSEE), Direction Générale des Entreprises (DGE).

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