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Industrial Fasteners Market

Industrial Fasteners Market

Industrial Fasteners Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:


Base Year:



Dec - 2022



Report Code:


Segments Covered
  • By Product Type By Product Type Bolts, Nuts, Screws, Washers, Rivets, Others
  • By End-use Industry By End-use Industry Automotive, Construction, Aerospace, Oil & Gas, Other Industries
  • By Distribution Channel By Distribution Channel Direct Sales, Indirect Sales
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 90.31 Billion
Revenue 2030Revenue 2030: USD 121.71 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 3.80%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Industrial Fasteners Market Share

Premium Insights

The Global Industrial Fasteners Market is valued at USD 90.31 Billion in 2022 and is projected to reach a value of USD 121.71 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 3.80% over the forecast period.

Industrial Fasteners are anticipated to become more prevalent throughout the forecast period due to the rising production of industrial equipment and components. The suspension of industrial operations had an effect on the product demand for the year 2020, which was intended to halt the spread of COVID-19 over the world. In addition, service and maintenance activities for industrial machinery were impacted, limiting the market for commodities. There are numerous suppliers on the market, and all of them have substantial production volumes and different product offerings. Automotive, construction, machine manufacturing, electronics, shipbuilding, and railroads are just a few of the major industries that have a significant demand for fasteners. When manufacturing and employing these fasteners for a variety of end-use applications, technical standards and quality are of the utmost importance. The market for Industrial Fasteners is primarily driven by the construction industry's increasing demand for fasteners. Due to their great durability and extended corrosion resistance, steel fasteners, such as stainless steel screws and bolts, are gaining popularity in machine designs. To grow revenue streams, manufacturers should take advantage of new opportunities and produce products that align with current trends. Miniature and design-driven steel fasteners, which are required for compact assemblies, are another area on which manufacturers wish to focus that will impact the Industrial Fasteners Market growth

Industrial Fasteners Market Size, 2022 To 2030 (USD Billion)

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Market Segmentation

The Industrial Fasteners Market is segmented based on Product Type, End Use Industry, Distribution Channel, and Region. Based on Product Type, the market is segmented as Bolts, Nuts, Screws, Washers, Rivets and Others (Anchors, Inserts, Rings etc.). furthermore, based on the End-Use Industry, the market is divided into Automotive, Construction, Aerospace, Oil & Gas and Others (Petrochemical, Maritime, etc.). additionally, based on the distribution channel, the market is segmented into Direct Sales and Indirect Sales. Region-wise, the Global Industrial Fasteners Market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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Based on End Users

The automotive category dominated the market in 2021

The automotive industry is expected to hold the highest market share throughout the forecast period. To reduce fuel consumption, automakers are always developing new drivetrains and more efficient engines. In order to produce cleaner automobiles, they are embracing emission-control technology. Due to the rise of the automobile industry, it is projected that the need for automotive fasteners would increase in the near future. In addition, it is projected that the increased production of automobiles worldwide as a result of the growing demand for electric vehicles will raise the future need for fasteners.

Based on Product

Bolts category dominated the market in 2021

During the projection period, the bolts segment is predicted to increase at the highest rate. Due to their strong shear strength and capacity to reduce temperature stresses in steel connections, bolts are widely utilized in construction. In addition, the automotive industry utilizes bolts to attach the drivetrain, engine, and body panel components. As a result, the demand for bolts has increased due to the rapidly increasing vehicle industry in developing countries.

Based on Regional Analysis

Asia Pacific is estimated to hold a significant share with the highest CAGR during the forecast period.

Due to the region's substantial use in both commercial and residential gardening, as well as the surge in demand for lawnmowers and compact tractors, Asia-Pacific is anticipated to have lucrative market expansion throughout the projection period. Automobile, machinery, and component firms on both sides of the border contribute to the region's product demand. Due to the rapid expansion of manufacturing operations in these nations, it is projected that China and India will continue to drive the market.

Competitive Landscape

The key players in the Industrial Fasteners Market include- Acument Global Technologies Inc., Arconic Inc., Bulten AB, STANLEY Engineered Fastening, Fortana Group, Hilti Corporation, LISI Group, MacLean-Fogg Company, MISUMI Group Inc., Nifco Inc., Precision Castparts Corp., The SFS Group, A&G Fasteners, SA Fasteners to name a few.

Recent Developments

· On February 8, 2022, MacLean-Fogg Component Solutions (MFCS) launched Thread strong Line of Made-In-USA aftermarket wheel fasteners and the accompanying e-commerce website These fasteners will be available direct to customers via the website. This strategy is expected to help the company grow its business and market share.

· On November 30, 2021, MISUMI Group Inc. relocated and expanded its Indian subsidiary (sales site, distribution site, and production site). This move helped the company increase the total warehouse floor space by approximately 60% compared to the previous location, double the number of in-stock items to around 90,000, and strengthen the delivery time and supply.

Segmentation of Industrial Fasteners Market

Parameter Details
Segments Covered
  • Product Type (Bolts, Nuts, Screws, Washers, Rivets, Others)
  • End-use Industry (Automotive, Construction, Aerospace, Oil & Gas, Other Industries)
  • Distribution Channel (Direct Sales, Indirect Sales)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Acument Global Technologies Inc.
  • Arconic Inc.
  • Bulten AB
  • STANLEY Engineered Fastening
  • Fortana Group
  • Hilti Corporation
  • LISI Group
  • MacLean-Fogg Company
  • MISUMI Group Inc.
  • Nifco Inc.
  • Precision Castparts Corp.
  • The SFS Group
  • A&G Fasteners
  • SA Fasteners
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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Frequently Asked Question
  • The global Industrial Fasteners valued at USD 90.31 Billion in 2022 and is expected to reach USD 121.71 Billion in 2030 growing at a CAGR of 3.80%.

  • The prominent players in the market are Acument Global Technologies Inc., Arconic Inc., Bulten AB, STANLEY Engineered Fastening, Fortana Group, Hilti Corporation, LISI Group, MacLean-Fogg Company, MISUMI Group Inc., Nifco Inc., Precision Castparts Corp., The SFS Group, A&G Fasteners, SA Fasteners.

  • The market is project to grow at a CAGR of 3.80% between 2023 and 2030.

  • The driving factors of the Industrial Fasteners include

    • Increasing Automotive Production in Asia Pacific

  • Asia Pacific was the leading regional segment of the Industrial Fasteners in 2022.

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