The India fasteners market size reached USD 10.73 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 16.25 Billion by 2033, exhibiting a growth rate (CAGR) of 4.72% during 2025-2033. The market is growing steadily due to expanding automotive, construction, and industrial sectors, increasing demand for high-performance, lightweight fasteners and expanding government initiatives like "Make in India".
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 10.73 Billion |
Market Forecast in 2033 | USD 16.25 Billion |
Market Growth Rate (2025-2033) | 4.72% |
Growing Demand for High-Performance and Lightweight Fasteners
The India fasteners market growth is primarily driven by the surging demand for high-performance and lightweight fasteners, because of the quick growth of the automotive, aerospace, and industrial machinery sectors. Indian fastener manufacturers aim at advanced materials such as aluminum, titanium and composite fasteners because of the "Make in India" initiative and rising electric vehicle (EV) demand from the government. These materials provide better strength-to-weight performance and superior durability combined with highly resistant properties, making them suitable for critical weight reduction applications. For instance, in November 2024, Freudenberg showcased its commitment to the Indian market by launching innovative products at CPhI & PMEC India. The introductions included advanced sealing solutions and filtration technologies, catering to the pharmaceutical and healthcare industries, thereby influencing the demand for specialized fasteners in these sectors. This highlights the increasing need for precision-engineered fasteners across various industries, particularly where high durability and performance are essential. Moreover, the adoption of automation technologies in manufacturing settings produces two effects, it necessitates superior precision fasteners to boost operational efficiency while decreasing maintenance expenses. Furthermore, the need for lightweight fasteners due to sustainability and fuel efficiency demands is thereby strengthening the India fasteners market share.
Increasing Adoption of Stainless Steel and Coated Fasteners
The India fasteners market puts corrosion resistance and longevity at the top while industries across the board implement stainless steel and coated fastener solutions. In addition to this, extreme environmental conditions such as high humidity and chemical exposure have prompted the construction and marine and infrastructure sectors to drive this demand for fasteners. Moreover, the market has embraced modern coat technologies based on zinc plating and hot-dip galvanization and polymers as these solutions extend fastener life span and boost durability, thus reducing future operational expenses. Besides this, stainless steel fasteners used in renewable energy (RE) projects and solar and wind power installations drive the increasing trend because these systems need components to survive harsh outdoor conditions. For example, in January 2024, Messe Stuttgart India and the Fastener Manufacturers Association of India (FMAI) collaborated to host FASTNEX 2024 in Bengaluru. This inaugural event provided a platform for showcasing innovations in the fastener industry, fostering knowledge exchange, and facilitating business collaborations, thus driving the market growth. As a result, the market for corrosion-resistant fasteners is experiencing a substantial growth because of expanding infrastructure development along with rising quality requirements, which is enhancing the India fasteners market outlook.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on product, sales channel, and end use.
Product Insights:
The report has provided a detailed breakup and analysis of the market based on the product. This includes internally threaded, non threaded, and externally threaded.
Sales Channel Insights:
A detailed breakup and analysis of the market based on the sales channel have also been provided in the report. This includes online and offline.
End Use Insights:
The report has provided a detailed breakup and analysis of the market based on the end use. This includes automotive, building and construction, aerospace, machinery, electronics, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North, South, East, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Products Covered | Internally Threaded, Non Threaded, Externally Threaded |
Sales Channels Covered | Online, Offline |
End Uses Covered | Automotive, Building and Construction, Aerospace, Machinery, Electronics, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: