Industrial Fasteners Market
Industrial Fasteners Market by Raw Material (Metal, Plastic), Type (Bolts, Screws, Nuts, Washers, Rivets), Product (Externally Threaded, Internally Threaded, NonThreaded, and Aerospace Grade), Application, Sales Channel & Region - Global Forecast to 2029
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The global industrial fasteners market is projected to grow from USD 90.57 billion in 2025 to USD 104.12 billion by 2029, at a CAGR of 3.5%, during the forecast period. The automotive, aerospace, and construction sectors contribute to the market growth.
KEY TAKEAWAYS
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BY MATERIALThe industrial fasteners market based on material includes metal and plastic. Metal fasteners made from steel, stainless steel, aluminum, or other alloys have become acceptable in many application fields due to their strength, durability, and resistance to harsh environmental conditions.
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BY TYPEThe industrial fasteners market is segmented by type, which includes bolts, screws, nuts, washers, rivets, and others. Bolts and screws have numerous applications to create strong, rigid joints in construction, automotive, and machinery applications.
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BY PRODUCTIndustrial fasteners are further segmented by product, namely externally threaded, internally threaded , non threaded and aerospace grade. Externally threaded fasteners, which include bolts and screws, are threaded on the outside for firm tightening and are very common in construction, automotive, and machinery. This is the highest growing segment.
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BY APPLICATIONThe industrial fasteners market is segmented by application, which Aerospace, automotive, building & construction, industrial machinery, home appliances, lawns & gardens, motor & pumps, furniture, plumbing products, renewable energy, silo and other applications. Automotive application is expected to hold the largest share during the forecast period. Automotive fasteners are manufactured for the durability and strength of a vehicle. Fasteners are applied in construction for building and infrastructural structural integrity.
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BY SALES CHANNELThe industrial fasteners market is segmented based on sales channel, which includes direct and indirect sales channels. Indirect sales channel covers a wider area of the market, provides diversity in product ranges, and provides access to smaller buyers.
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BY REGIONThe industrial fasteners market is studied in five regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and South America. Amongst them, Asia Pacific is the largest consumer where the rate of industrialization and infrastructural developments and booming automobile and manufacturing sectors are creating massive opportunities in the market in China, India, and Japan.
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COMPETITIVE LANDSCAPEThe market is driven by strategic acquisitions from leading players such as are Illinois Tool Works Inc. (US), Stanley Black & Decker, Inc. (US), SFS AG (Switzerland). These companies are planning strategic expansions, and conducting acquisitions that help them increase regional presence.
The automotive, aerospace, and construction sectors contribute to the market growth. The automotive sector’s demand for lightweight, high-strength fasteners to enhance vehicle performance drives innovation. The aerospace industry’s focus on high-precision fasteners that meet stringent safety standards also propels market demand. The shift toward automation in various sectors also drives the need for advanced fasteners to meet evolving technological demands.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
Changes in customer trends or disruptions impact consumers’ businesses. These shifts impact the revenues of end users. Consequently, the revenue impact on end users is expected to affect the revenues of industrial fastener suppliers, which, in turn, impacts the revenues of industrial fastenermanufacturers.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
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•Increasing Demand from the Automotive Sector
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•Growing Infrastructure Investments Across the Globe
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•Fluctuating Raw Material Prices
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•Replacement by Advanced Joining Technologies
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•Rapid Urbanization in Africa and Asia
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•Expansion in Aerospace & Renewable Energy sector
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•Counterfeiting and Quality Issues
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•Diverse Regional Regulations
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Driver: Increasing Demand from the Automotive Sector
Automotive has been a growth driver for the industrial fastener market. The various applications of fasteners such as bolts, screws, nuts, washers, and rivets in automobiles provide the strength and reliability needed to make major structural components such as engines, body frames, and suspension systems last. Growing global automobile demand, particularly in emerging markets, and rising demand for electric vehicles (EVs) increase the need for high-performance fasteners with features specifically tailored for the automotive market.
Restraint: Fluctuating raw material prices
Fluctuating prices of raw materials are an enormous challenge in the industrial fastener market, because it has direct implications on production costs and profitability for the manufacturers. Price volatility of the steel, aluminum, and copper that are necessary for the production of fasteners creates uncertain cost structures. For example, a sharp increase in prices for steel leaves manufacturers forced into absorbing the higher production cost, which goes along with escalating the price of the fasteners. Conversely, when the price of metals drops, fastener manufacturers suffer margin pressures if they cannot rapidly change their pricing strategies to reflect the changes in raw material costs. This volatility complicates long-term planning, making it difficult to establish stable pricing agreements with suppliers, thereby reducing operational efficiency. The Federal Reserve Bank of St. Louis reveals that the Global Metal Price Index for the period of 2016 to 2023 reflects a more comprehensive level of fluctuation. The prices, according to the index, have gone over twice as much compared to the price seen in 2021.
Opportunity: Rapid urbanization in Africa and Asia
Rapid urbanization in Africa and Asia is one of the major opportunities for the industrial fasteners market, as it increases the demand for infrastructure, housing, and industrial development. The rapid growth of the urban population in these regions, resulting from both rural-to-urban migration and natural population increases, has created an urgent need for resilient infrastructure, including transportation networks, commercial buildings, and energy facilities. Africa's population in urban areas is expected to double by 2050. Asia continues to have some of the world's fastest-growing cities. This will boost construction activities directly, with fasteners becoming an essential input to maintain the structural integrity of any construction. Rising manufacturing hubs in India, Vietnam, and Ethiopia; government initiatives, such as China's Belt and Road Initiative and Africa's Agenda 2063, add further demand for industrial fasteners. Manufacturers can now capitalize on the region-specific, long-lasting fasteners for heavy-duty applications in the evolving environment. Asian cities will expand their population from 2.3 billion in 2020 to 3.5 billion in 2050. Likewise, the African continent will have its urban population rise from 0.5 billion in 2020 to 1.5 billion by 2050. Such growth, expansion of cities and economies industrialization, creates massive opportunities for fasteners in construction, automotive, and machinery sectors.
Challenge: Counterfeiting and Quality Issues
Counterfeit and quality control problems are a significant challenge in the industrial fasteners market, affecting safety, reliability, and brand image across key industry applications. The use of counterfeit fasteners, especially those that fail to meet industry standards for strength, corrosion resistance, or fatigue performance, raises enormous risks in high-stress applications such as aerospace, automotive, and construction. Catastrophic failure can be caused by inadequate tensile strength or poor resistance to corrosion or fatigue. A significant example was the aviation industry, where fake bolts resulted in expensive recalls and thorough safety checks to be in compliance.
industrial-fasteners-market: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
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The C50L pin is designed to break during use, but the broken segment often falls to the floor, creating safety hazards for operators. Unlike the C50L, the Bobtail does not break during installation. This design allows for easy removal of the collar and makes the pin reusable. Moreover, the Bobtail fasteners are approximately 5% more cost-effective than the C50L. | Bobtail pins don’t break, improve safety, are reusable, and reduce costs by about 5%. |
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Customer’s tight machining tolerances caused slow production and scrap. The Field engineering team proposed revising the tolerances to allow for cold forming instead of machining. | Revised tolerances allowed cold forming, reducing cost and meeting design requirements fully |
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Huck pins are available in various plating options, commonly zinc-plated GA and GA2X, providing corrosion resistance up to 72 hours and 1,000 hours respectively, according to ASTM B633 standards. Field recommends reviewing applications to evaluate replacing GA2X with GA or using plain pins with paint as a barrier coating. | Alternative coatings provide cost savings with comparable corrosion resistance. |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
The ecosystem analysis of the industrial fasteners market offers an overview of the interconnected stages in the value chain. It involves raw material suppliers, manufacturers, and end users, all crucial for supply chain efficiency, product innovation, and market dynamics. This analysis highlights the interaction between these key elements.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Industrial Fasteners Market, By Material
Metal fasteners, whether made from steel, stainless steel, aluminum, or other varieties of alloys, have become very acceptable in many application fields due to their strength, durability, and resistance to harsh environmental conditions. Such fasteners are used wherever reliability and structural integrity are the essence; for instance, in high demand applications such as automotive manufacturing, construction, aerospace, and heavy machinery. More rigid material properties of the metal fastener, such as tensile strength, corrosion and fatigue resistance in heavy-duty to high-performance operations, make its use ideal and possible with metal fasteners. Plastics fasteners become trendy due to reduced weight, with corrosion resistance or light cost, have been used majorly in less intense environments, or applications, mostly in electronics consumer goods, in low-stress applications. However, the dominance of the market is taken up by metal fasteners, with their higher applicability and higher performance. With time, industries will also change; they are bound to be even more developed and in-demand as they grow within industries like automobiles and aerospace, thus, requiring more metal fasteners and causing a further expansion in the market. The manufacturing of metal fasteners continues to innovate its properties for metals fasteners, keeping their lead in the industrial fasteners market.
Industrial Fasteners Market, By Type
In 2024, the industrial fasteners market had the highest share in terms of screw. Due to their ease of use and flexibility, screws are widely applied in various sectors. They ensure a secure, adjustable, and removable connection in several applications like automotive assembly, construction, machinery, and electronics, for which a fastening solution must be reliable for maintaining the integrity and functionality of the components. The screw section has been able to dominate because of the extensive varieties of screws available, including machine screws, wood screws, self-tapping screws, and others, for various materials and specific applications. Screws are also appreciated for the strength of connections that they provide without requiring other supporting parts like nuts or washers, hence cost-effective and time-efficient. In addition, screws provide enormous flexibility in terms of removability, which is important for the maintenance and repairs in industries such as automotive and aerospace. Therefore, the screw segment is likely to continue leading the industrial fasteners market as the manufacturing process advances and new materials are developed.
Industrial Fasteners Market, By Product
Externally threaded fasteners are bolts, screws, and studs. These are used extensively in various industries due to their flexibility, ease of installation, and holding power. The externally threaded fasteners allow them to be combined with an internally threaded fastener such as a nut, creating strong, reliable connections for construction, automotive, machinery, and more. The dominance of externally threaded fasteners can be explained by their versatility in terms of applications for the fastening of engine parts, structural members, and essential machine parts requiring high strength and durability. Also, it is easier to remove and be reused for many applications, and they are mainly preferred for processes like assembly and maintenance in several industries where adjustments and repairs are performed repeatedly.
Industrial Fasteners Market, By Application
The automotive segment was the largest market share in the industrial fasteners market in 2024. The automotive industry is one of the largest consumers of industrial fasteners because it uses bolts, screws, nuts, washers, and rivets extensively in the manufacturing and assembly of vehicles. Fasteners play a very crucial role in making automobiles structurally sound, safe, and reliable by holding essential parts like engines, chassis, body frames, suspension systems, and interior fittings together. Increasing automobile demand, particularly in developing economies, has only added to the demand for industrial fasteners in this industry. Moreover, in the move to sustainable, high-tech automotive industry, such advanced fasteners play a huge role in this context, and being able to tolerate extreme operating temperatures and high resistance to corrosion become more imperative. Additionally, other innovations in vehicle design, including autonomy and connected vehicles, are more driving the demands for more advanced fastening technologies.
Industrial Fasteners Market, By Sales Channel
Indirect sales through makers of industrial fasteners to customers, e.g. via distributors, retailers, online, etc. are growing as companies consider that they can serve a wider and more varied market. Such benefits of indirect channels as improved regional penetration, smaller buyer access, and the option of personalized service, immediate availability of a product, and the possibility of physical inspection are associated with it. The intensive use of e-commerce, which manufacturers invest in online stores and digital marketing, helps to further increase growth and target niche groups, simplifying the process of purchasing goods and services among customers. Industrial automation and the Industry 4.0 support this tendency, and automated procurement and digital supply chains transform indirect sales channels, making them more efficient and appealing to both the companies and consumers.
REGION
Asia Pacific to be fastest-growing region in global sodium silicate market during forecast period
Asia Pacific accounted for the highest industrial fasteners market share in 2024 due to high rates of industrialization, urbanization, and increased demand in the automotive, construction, and manufacturing industries. China, India, and Japan are also prominent contributors, due to increased production in the automotive sector and major infrastructure projects. The growth of manufacturing hubs in the region, especially in emerging markets such as Vietnam and Indonesia, further boosts the need for fasteners in machinery and electronics. Government-backed projects, such as China's Belt and Road Initiative, also increase demand. With ongoing industrialization, Asia Pacific leads the way, which remains a prime region for fastener manufacturing growth.
industrial-fasteners-market: COMPANY EVALUATION MATRIX
Stanley Black & Decker, Inc. (Star) is a leading manufacturer of tools and industrial equipment. The company has established a strong presence in the fasteners industry by focusing on innovation and efficiency. SFS Group AG (Emerging Leader) is a well-known global supplier of precision components, mechanical fastening systems, quality tools, and procurement solutions. It has made important strategic decisions to strengthen its market position, particularly through acquisitions and expansion.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
- Illinois Tool Works, Inc. (US)
- Stanley Black & Decker, Inc. (US)
- SFS Group AG (Switzerland)
- Lisi Group (France)
- Bulten AB (Sweden)
- Koelner Rawlplug IP (Poland)
- FONTANA GRUPPO (Italy)
- Birmingham Fastener and Supply Inc (US)
- MW Industries, Inc. (US)
- Hilti Group (Liechtenstein)
- Sesco Industries (US)
- MacLean-Fogg (US)
- MISUMI Group Inc. (Japan)
- Precision Castparts Corp. (US)
- VESCOVINI GROUP (Italy)
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size in 2023 (Value) | USD 85.45 Billion |
| Market Forecast in 2029 (value) | USD 104.12 Billion |
| Growth Rate | CAGR of 3.5% from 2024-2029 |
| Years Considered | 2022–2029 |
| Base Year | 2023 |
| Forecast Period | 2024–2029 |
| Units Considered | Value (USD Million), Volume (Kiloton) |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered | • By Raw Material:metal and plastic; Type: Bolts Screws Nuts Washers Rivets Others; Product:Externally Threaded Internally Threaded Non-Threaded Aerospace Grade; Application:Aerospace Automotive Building & Construction Industrial Machinery Home Appliances Lawns & Gardens Motor & Pumps Furniture Plumbing Products Renewable Energy ( Wind Energy, Solar Energy, Etc.) Silo ;Sales Channel : Direct, Indirect |
| Regions Covered | Europe, North America, Asia Pacific, the Middle East & Africa, and South America |
WHAT IS IN IT FOR YOU: industrial-fasteners-market REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
|---|---|---|
| Deep Dive into APAC Industrial Fasteners Market | • Detailed breakdown of Asia Pacific market into China, Japan, India, South Korea, Malaysia • Further breakdown of segments of material, type, and product | • Insights into countries from Asia Pacific and potential market for industrial fasteners • Identification of future growth opportunities and investments |
RECENT DEVELOPMENTS
- December 2024 : Bulten Group and ZJK Vietnam Precision Components Co., Ltd. signed a letter of intent to establish a joint venture in Vietnam. The agreement aims to start production of micro screws in 2025, with Bulten holding a 51% stake and ZJK owning 49%. This collaboration reflects the growing demand for domestically produced components in the consumer electronics industry.
- November 2024 : SFS Group acquired Pro Fastening Systems Inc., which generated approximately USD 30 million in sales in 2023. The company specializes in fasteners and sealants for the commercial and industrial construction sectors.
- October 2024 : The SFS Group completed its acquisition of EPRO D.O.O., a prominent distribution partner for high-end applications in the building envelope sector in Slovenia, generating approximately EUR 4 million in sales in 2023.
- Augus 2024 : Illinois Tool Works Inc. sold its noncontrolling equity interest in Wilsonart for USD 395 million, realizing a pre-tax gain of USD 363 million.
- July 2024 : Bulten Group signed an agreement with Dutch wire rod manufacturer FNsteel, granting the company access to the most circular steel available for fastener production. The collaboration reflects Bulten’s commitment to innovative environment-friendly manufacturing practices in the fastener industry.
Table of Contents
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Methodology
The study involved four major activities for estimating the current global size of the industrial fasteners market. Exhaustive secondary research was conducted to gather information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizes with the industry experts across the value chain of industrial fasteners through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the industrial fasteners market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.
Secondary Research
In the secondary research process, various secondary sources such as Business Standard, Bloomberg, World Bank, and Factiva were referred to, to identify and collect information for this study on the industrial fasteners market. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.
Primary Research
Various primary sources from both the supply and demand sides of the industrial fasteners market were interviewed to obtain qualitative and quantitative information. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), vice presidents, marketing directors, sales professionals, and related key executives from various leading companies and organizations operating in the industrial fasteners industry. The breakdown of the profiles of primary respondents is as follows:
The following is a breakdown of the primary respondents:
Notes: Companies are classified based on their revenue–Tier 1 = >USD 7 billion, Tier 2 = USD 500 million to USD 7 billion, and Tier 3 = < USD 500 million.
Others include sales, marketing, and product managers.
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Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the global size of the industrial fasteners market. These approaches were also used extensively to estimate the size of various dependent segments of the market. The research methodology used to estimate the market size included the following details:
- The key players were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research includes the study of reports, reviews, and newsletters of key industry players, along with extensive interviews with key officials, such as directors and marketing executives.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments of the industrial fasteners market. The data was triangulated by studying various factors and trends from both the demand- and supply-side.
In addition, the market size was validated by using both the top-down and bottom-up approaches. Then, it was verified through primary interviews. Hence, for every data segment, there are three sources—top-down approach, bottom-up approach, and expert interviews. The data were assumed to be correct when the values arrived at from the three sources matched.
Market Definition
Industrial fasteners are the mechanical parts to securely join or fasten two or more objects together in the manufacturing, construction, automotive, aerospace, and machinery industries. The fasteners, which consist of bolts, screws, nuts, washers, rivets, and anchors, are designed for providing strong, durable, and reliable connections ensuring the structural integrity and functionality of assembled parts. Industrial fasteners are made of different materials such as metals: steel, stainless steel, and aluminum, plastic, and are designed to endure various environmental and mechanical stresses. Both permanent and removable connections require industrial fasteners. They are of utmost importance to the safety, performance, and life of industrial structures and equipment.
Stakeholders
- Industrial Fasteners Manufacturers
- Industrial Fasteners Distributors
- Raw Material Suppliers
- Research & development entities
- Industry associations and regulatory bodies
- End Users
Report Objectives
- To estimate and forecast the industrial fasteners market, in terms of value and volume
- To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
- To define, describe, and forecast the market size, based on raw material, type, product, application, sales channel and region
- To forecast the market size along with segments and submarkets, in key regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America along with their key countries
- To strategically analyze micro markets, for individual growth trends, prospects, and their contribution to the total market
- To analyze growth opportunities in the market for stakeholders and provide details on the competitive landscape for market leaders
- To strategically profile key players and comprehensively analyze their market shares and core competencies
- To analyze competitive developments, such as merger & acquisition, expansion & investment, and agreements in the industrial fasteners market
Key Questions Addressed by the Report
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