Industrial Fasteners Market

The industrial fasteners market is projected to grow from USD 91.04 billion in 2025 to USD 115.67 billion by 2032, at a CAGR of 3.48% during the forecast period. The automotive sector's growth, rising global infrastructure spending, and advancements in manufacturing processes are driving demand for industrial fasteners during the forecast period.

The industrial fasteners market is dominated by major players such as Illinois Tool Works Inc. (US), Stanley Black & Decker, Inc. (US), SFS AG (Switzerland), Lisi Group (France), Bulten AB (Sweden), and Kowlner Rawlplug IP (Poland). To increase their market share in the global industrial fasteners market, these companies have implemented growth strategies, including acquisitions, partnerships, expansions, and product launches. Major players used acquisitions, product launches, and partnerships as their primary strategies, enabling them to increase both their client base and their global footprint.

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Illinois Tool Works Inc. (US) is a leading global manufacturer of diversified industrial products and equipment. With about 410 plants and office facilities across 51 countries in North America, Europe, the Middle East & Africa, Asia Pacific, and South America, the company stresses customer-focused innovation while maintaining a decentralized operational model that promotes efficiency and growth. The company has used product launches, divestments, and acquisitions as its business strategies.

Stanley Black & Decker, Inc. (US) is a prominent manufacturer of tools and industrial equipment. The company operates through two reportable segments: Tools and Outdoor and Industrial. It provides fastener solutions under the Industrial segment. The company has a global presence in 60 countries across various regions, including North America, South America, Europe, and Asia Pacific. It conducts potential acquisitions and divestments to lead the market.

SFS Group AG (Switzerland) is a globally recognized leader in the supply of precision components and assemblies, mechanical fastening systems, quality tools, and procurement solutions. With a strong global presence, SFS operates 150 manufacturing sites and distribution companies across 35 countries in North America, Europe, and Asia. The company has adopted strategies like product launches and acquisitions to retain its market position.

MARKET RANKING

Illinois Tool Works Inc. (US), Stanley Black & Decker, Inc. (US), SFS AG (Switzerland), Lisi Group (France), and Bulten AB (Sweden) are the main companies in the industrial fasteners market. ITW operates in more than 50 countries, enabling it to benefit from a mix of market opportunities across both developed and emerging markets. Stanley Black & Decker can produce over 3,100 fasteners every second, demonstrating its strength in the fastener industry. In 2024, SFS AG invested CHF 76 million (USD 86.3 million) in research and development to improve its products and stay at the forefront of technology. In 2025, LISI Group sold its LISI MEDICAL division to SK Capital Partners. This move helps the company to focus on fasteners and assembly solutions, improving its ability to adapt and boost profits in key areas. Bulten AB has a strong network that improves its production and makes its supply chain more efficient.

Related Reports:

"Industrial Fasteners Market by Material (Metal, Plastic), Type (Bolts, Screws, Nuts, Washers, Rivets), Product (Externally Threaded, Internally Threaded, Non-Threaded, and Aerospace Grade), Application, Sales Channel, and Region – Global Forecast to 2032"

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