The industrial fasteners market is poised for steady growth, owing to infrastructure development, automotive advancements, and the increase in electric vehicles. Emerging economies will dominate production due to cost efficiency and raw material availability. Innovations in lightweight, durable, and corrosion-resistant fasteners, along with the increasing adoption of advanced manufacturing technologies, will further shape the market in the coming years.
New York, Feb. 04, 2025 (GLOBE NEWSWIRE) — Overview:
The Industrial Fasteners Market size is expected to reach USD 109.3 billion by 2025 and is further anticipated to reach USD 172.0 billion by 2034 according to Dimension Market Research. The market is anticipated to register a CAGR of 5.2% from 2025 to 2034.
Industrial fasteners are hardware devices that include bolts, screws, nuts, washers, and rivets used to join or secure two or more objects together. Fasteners are critical in numerous industries, like construction, automotive, aerospace electronics, and machinery manufacturing.
They provide strong connections that withstand forces like vibrations or environmental stresses without failing, as it requires materials like steel, brass, aluminum, or specialty alloys with specific strength requirements, corrosion resistance, or heat resistance properties.
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The US Overview
The Industrial Fasteners Market in the US is projected to reach USD 26.5 billion in 2025 at a compound annual growth rate of 4.9% over its forecast period.
The industrial fasteners market in the US is growing due to demand in automotive, aerospace, and infrastructure projects, like roads and bridges. Electric vehicle adoption and advanced manufacturing drive opportunities for innovative, lightweight fasteners. However, challenges like raw material cost fluctuations, supply chain disruptions, and competition from low-cost producers could hinder domestic growth potential.
Important Insights
- The Industrial Fasteners Market size is expected to grow by USD 57.6 billion, at a CAGR of 5% during the forecasted period of 2026 to 2034.
- The metal segment is anticipated to get the majority share of the Industrial Fasteners Market in 2025.
- The automotive sector in terms of application is expected to be leading the market in 2025
- The externally threaded segment is expected to get the largest revenue share in 2025 in the Industrial Fasteners Market.
- APAC is expected to hold a 45.5% share of revenue in the Global Industrial Fasteners Market in 2025.
Global Industrial Fasteners Market: Trends
- Lightweight Fasteners: The increase in demand for lightweight, high-strength fasteners in the automotive and aerospace sectors.
- Corrosion-Resistant Materials: The growth in the use of stainless steel, titanium, and coated fasteners for durability in harsh environments.
- Customization and Precision: The increase in focus on customized fastener designs to meet specific industrial requirements.
- Digital Supply Chain Management: Adoption of smart inventory systems and IoT for better distribution and supply chain efficiency.
Industrial Fasteners Market: Competitive Landscape
The industrial fasteners market is highly competitive, with manufacturers and suppliers globally serving industries like automotive, aerospace, and construction. Companies focus on innovative products, like lightweight, corrosion-resistant fasteners, while improving distribution and supply chain efficiency. Customized solutions tailored to customer needs further intensify competition regionally and globally.
Some of the key players in the market include MW INDUSTRIES, ILLINOIS TOOL WORKS, SLIDEMATIC, HILTI CORP, and more.
Some of the prominent market players:
- MW INDUSTRIES
- ILLINOIS TOOL WORKS
- SLIDEMATIC
- HILTI CORP
- ARCONIC FASTENING SYSTEMS AND RINGS
- SESCO INDUSTRIES
- DOKKA FASTENERS
- EASTWOOD MANUFACTURING
- ATF
- MANUFACTURING ASSOCIATES
- OTHER KEY PLAYERS
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Industrial Fasteners Market Scope
| Report Highlights | Details |
| Market Size (2025) | USD 109.3 Bn |
| Forecast Value (2034) | USD 172.0 Bn |
| CAGR (2025-2034) | 5.2% |
| The US Market Size (2025) | USD 26.5 Bn |
| Leading Region in terms of Revenue Share | Asia Pacific |
| Percentage of Revenue Share by Leading Region | 45.5% |
| Historical Data | 2019 – 2024 |
| Forecast Data | 2026 – 2034 |
| Base Year | 2024 |
| Estimate Year | 2025 |
| Segments Covered | By Raw Material, By Product, By Application |
| Regional Coverage | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Segment Analysis:
Externally threaded fasteners, led by bolts and screws, are anticipated to lead the industrial fastener market in 2025, driven by their versatility and numerous applications. Non-threaded fasteners, vital in construction for projects like subflooring and roofing, are expected to achieve the second-largest revenue share.
Also, aerospace-grade fasteners will see rapid growth due to their stringent quality standards for high-stress environments. Internally threaded fasteners, primarily made of stainless steel, continue to gain traction, fueled by innovations enhancing impact and vibration resistance.
Industrial Fasteners Market Segmentation
By Raw Material
- Metal
- Plastic
By Product
- Externally Threaded
- Non-threaded Threaded
- Internally Threaded
- Aerospace Grade
By Application
- Automotive
- Industrial Machinery
- Aerospace
- Building & Construction
- Home Appliances
- Motor & Pumps
- Furniture
- Plumbing Products
- Lawn & Garden
- Others
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Global Industrial Fasteners Market: Driver
- Infrastructure Development: Expanding construction activities, like roads, bridges, and rail networks, drive the need for fasteners in emerging and developed economies.
- Automotive and Aerospace Growth: The increase in production of vehicles and aircraft focusing on lightweight and durable fasteners boosts market expansion.
- Electric Vehicles and Advanced Manufacturing: Large EV adoption and advanced technologies create opportunities for innovative, high-performance fasteners.
- Cost-Effective Manufacturing: Growing economies provide lower production costs, abundant raw materials, and expanding manufacturing bases, fueling market growth.
Global Industrial Fasteners Market: Restraints
- Raw Material Cost Fluctuations: Volatility in the prices of steel, aluminum, and other raw materials impacts production costs & profit margins.
- Supply Chain Disruptions: Global supply chain issues, like delays and rising transportation costs, hinder market growth.
- Competition from Low-Cost Producers: Domestic manufacturers experience challenges from low-cost international competitors, limiting growth potential.
- Shift to Adhesive Bonding Solutions: The growing use of adhesives and welding in industries like automotive reduces reliance on traditional fasteners.
Global Industrial Fasteners Market: Opportunities
- Electric Vehicle Growth: Increasing EV production creates demand for lightweight, durable, and innovative fasteners.
- Advanced Manufacturing Technologies: The adoption of 3D printing and automation allows the development of customized, high-performance fasteners.
- Sustainable Materials: The rising interest in eco-friendly and recyclable materials opens avenues for sustainable fastener solutions.
- Infrastructure Investments: Global infrastructure projects, mainly in emerging economies, drive demand for construction-grade fasteners.
Regional Analysis
The Asia Pacific industrial fasteners market is set to dominate, capturing 45.5% of revenue by 2025, driven by rapid economic growth and infrastructure development in emerging economies like India, Vietnam, and Thailand. Expanding manufacturing bases, abundant raw materials, and lower production costs further boost production and consumption.
Further, North America benefits from major manufacturers, effective distribution, and growing plastic fastener demand in construction. Also, Europe’s thriving automotive sector drives demand for innovative, lightweight fasteners, with major manufacturers investing heavily, supporting robust global market growth.
By Region
North America
- The U.S.
- Canada
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
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Recent Developments in the Industrial Fasteners Market
- January 2025: Anchor Bolt & Supply unveiled its partnership with Birmingham Fastener, to combine the strengths of both companies to give customers in West Texas better quality, service, and inventory.
- December 2024: Sterling Tools Limited (STL) announced a strategic partnership with China’s Meishuo Electric, focusing on bringing advanced power transmission solutions to the Indian market, improving the efficiency and reliability of the country’s power infrastructure.
- August 2024: Montage Partners invested in Military Fasteners, as Military Fasteners play a critical role in the aerospace and defense supply chain given the vitality of reducing fleet downtime during maintenance, repair, and overhaul operations.
- July 2024: Lamons acquired Auge Industrial Fasteners, as it creates a major milestone in its commitment to further strengthen and vertically integrate its operations and supply chain capabilities.
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