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Industrial Fasteners Market Report by Raw Materials (Metal, Plastic), Products (Externally Threaded Fasteners, Internally Threaded Fasteners, Non-Threaded Fasteners, Aerospace Grade Fasteners), Type (Bolts, Nuts, Screws, Washers, Rivets, and Others), Application (Automotive, Aerospace, Building and Construction, Industrial Machinery, Home Appliances, Lawns and Gardens, Motors and Pumps, Furniture, Plumbing Products, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A6528
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Market Overview:
The global industrial fasteners market size reached US$ 98.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 140.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.93% during 2024-2032.
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Report Attribute
|
Key Statistics
|
|---|---|
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Base Year
|
2023
|
|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 98.2 Billion |
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Market Forecast in 2032
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US$ 140.4 Billion |
| Market Growth Rate 2024-2032 | 3.93% |
Industrial fasteners refer to a wide range of high-quality fastening products that are used primarily in the construction, automotive, aerospace, and marine industries. A wide range of weather and chemical elements can be withstood by these fasteners since they are meant for long-term industrial use. Consequently, these products are widely utilized in growing industries that require high-quality fasteners to resist corrosion and natural abrasions. Carbon fiber and alloy are the preferred materials that are commonly used for manufacturing corrosion-resistant, lightweight, and superconducting industrial fasteners for heavy-duty use. Hybrid fasteners made of injection-molded plastics and metals are lighter, easier to install, and more cost-effective. Bolts, nuts, screws, rivets, nails, washers, and studs are among the most commonly used industrial fasteners.
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Industrial Fasteners Market Trends:
The market is primarily driven by considerable growth in the construction industry. This can be attributed to the escalating demand for commercial and residential housing projects across the globe. In addition to this, the increasing product utilization in home interiors and cable management applications is acting as a significant growth-inducing factor. Also, the escalating demand for manufacturing advanced lightweight product variants for numerous automotive applications is fueling the market growth. Moreover, continual technological advancements in aircraft structural hardware manufacturing technology are creating a positive market outlook. In line with this, a considerable rise in the number of aircraft, increasing passenger traffic and the augmenting commercial aircraft production capacity are propelling the market. Furthermore, extensive research and development (R&D) expenditure in the defense sector is providing an impetus to the market. Some of the other factors contributing to the market include the rising number of OEM partnerships for business expansion, rapid urbanization and industrialization, and inflating disposable income levels.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial fasteners market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on raw materials, products, type and application.
Breakup by Raw Materials:
- Metal
- Plastic
Breakup by Products:
- Externally Threaded Fasteners
- Internally Threaded Fasteners
- Non-Threaded Fasteners
- Aerospace Grade Fasteners
Breakup by Type:
- Bolts
- Nuts
- Screws
- Washers
- Rivets
- Others
Breakup by Application:
- Automotive
- Aerospace
- Building and Construction
- Industrial Machinery
- Home Appliances
- Lawns and Gardens
- Motors and Pumps
- Furniture
- Plumbing Products
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Acument Global Technologies Inc., ATF Inc., Hilti Corporation, Howmet Aerospace Inc., Kova Fasteners Private Limited, LISI SA, MacLean-Fogg Company, MISUMI Group Inc., MW Industries Inc., Nifco Inc., Precision Castparts Corp., SFS Group AG and Stanley Black & Decker Inc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Raw Materials, Products, Type, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Acument Global Technologies Inc., ATF Inc., Hilti Corporation, Howmet Aerospace Inc., Kova Fasteners Private Limited, LISI SA, MacLean-Fogg Company, MISUMI Group Inc., MW Industries Inc., Nifco Inc., Precision Castparts Corp., SFS Group AG and Stanley Black & Decker Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| 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) |
The global industrial fasteners market was valued at US$ 98.2 Billion in 2023.
We expect the global industrial fasteners market to exhibit a CAGR of 3.93% during 2024-2032.
The increasing adoption of industrial fasteners across various industries, such as construction, automotive, and aerospace, to resist corrosion and natural abrasions, is primarily driving the global industrial fasteners market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for industrial fasteners.
Based on the raw materials, the global industrial fasteners market has been segmented into metal and plastic, where metal currently holds the majority of the total market share.
Based on the products, the global industrial fasteners market can be bifurcated into externally threaded fasteners, internally threaded fasteners, non-threaded fasteners, and aerospace grade fasteners. Currently, externally threaded fasteners exhibit a clear dominance in the market.
Based on the type, the global industrial fasteners market has been divided into bolts, nuts, screws, washers, rivets, and others. Among these, screws currently account for the largest market share.
Based on the application, the global industrial fasteners market can be segregated into automotive, aerospace, building and construction, industrial machinery, home appliances, lawns and gardens, motors and pumps, furniture, plumbing products, and others. Currently, automotive exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global industrial fasteners market include Acument Global Technologies Inc., ATF Inc., Hilti Corporation, Howmet Aerospace Inc., Kova Fasteners Private Limited, LISI SA, MacLean-Fogg Company, MISUMI Group Inc., MW Industries Inc., Nifco Inc., Precision Castparts Corp., SFS Group AG, and Stanley Black & Decker Inc.
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