Industrial Fastener Industry Analysis in East Asia

Study on Industrial Fasteners in East Asia By Material (Alloy Steel, Stainless Steel), By Type (Nuts, Bolts, Screws, Washers, Anchors, Nails, Dowel Pins, Rivets), By End-use Industry (Chemicals, Petrochemicals, Marine, Automotive, Power Generation, Construction, Aerospace & Defense, Mining, Agriculture,), By Sales Channel (Online, Offline) and By Country - 2024 to 2034

Analysis of Industrial Fastener Industry Covering Countries Including Analysis of China, Japan, and South Korea

Industrial Fastener Sales Outlook for East Asia (2024 to 2034)

As per the latest study published by Fact.MR, sales of industrial fasteners in East Asia are estimated at US$ 4.51 billion in 2024. The market is forecasted to expand at 7% CAGR and reach a size of US$ 8.9 billion by 2034-end.

Countries in East Asia are witnessing noteworthy growth in manufacturing industries. Industrial fasteners are adopted as essential components in manufacturing procedures in several sectors, including electronics, machinery, construction, aerospace, and automotive. The noteworthy expansion of these industries is predicted to stimulate demand for fasteners as well.

Japan, South Korea, and China are investing significantly in infrastructure projects, including railways, bridges, buildings, and roads. Fasteners are pivotal in construction projects, therefore experiencing increased demand. East Asia is predicted to host some of the largest aerospace and automotive manufacturers. These industries heavily rely on industrial fasteners for assembling aircraft, vehicles, and related components. With constant innovations and expansion of these industries, requirements for high-quality fasteners are also rising.

Technological advancements are projected to generate requirements for specialized fasteners to match the demand for modern electronics, machinery, and high-tech products. This is predicted to include industrial fasteners, which are corrosion-resistant, lightweight, and capable of withstanding extreme temperatures.

Report Attributes Details
Industrial Fastener Sales in East Asia (2024E) US$ 4.51 Billion
Projected Sales (2034F) US$ 8.9 Billion
Demand Growth (2024 to 2034) 7% CAGR
Sales in China (2034E) US$ 5.28 Billion
Demand Growth in Japan (2024 to 2034) 6.6% CAGR
Demand Growth in South Korea (2024 to 2034) 7.8% CAGR
Market Share of Stainless Steel Industrial Fasteners (2024E) >50%
Key Companies Profiled
  • Jiaxing Goshen Hardware Co., Ltd.
  • Meidoh Co., Ltd.
  • Zhejiang Zhenglin Industrial Development Corp.
  • Nitto Seiko Co., Ltd.
  • Kogyo Co., Ltd.
  • Dong Yang Screw Co., Ltd.
  • Korea Bolt Industries Co., Ltd.
  • SMJIN Corporation

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What is Forecasted to Stimulate Demand for Industrial Fasteners in East Asia?

“Infrastructure Development Generating Huge Demand for Fasteners”

Noteworthy investments in infrastructure projects in East Asia are projected to result in increased expansion of road networks, efficient railway systems, robust bridge structures, and innovative architectural constructions. These ambitious construction activities require industrial fasteners to maintain the structural stability and integrity of these projects. These construction endeavors are forecasted to stimulate demand for industrial fasteners.

Industrial fasteners, including screws, bolts, nuts, and numerous connecting components are projected to serve as vital components of infrastructure projects. They offer the required binding force, firmly securing components and materials in place, thus fortifying the structural framework against any sort of external forces, such as heavy loads, seismic activity, and wind. They uphold the longevity and reliability of infrastructure, facilitating efficient transportation, supporting functional efficacy, and assuring the safety of commuters.

Infrastructure development in the region is forecasted to increase demand for fasteners. This heightened requirement is projected to reflect the significant role of these components in expediting construction activities and ensuring precision.

Country-wise Insights

What is the Demand Outlook for Industrial Fasteners in China?

“Market Benefiting from Infrastructure Development and Growing Production of Consumer Goods”

Attribute China
Market Value (2024E) US$ 2.63 Billion
Growth Rate (2024 to 2034) 7.2% CAGR
Projected Value (2034F) US$ 5.28 Billion

Increased investment in infrastructure projects, including railways, buildings, bridges, and roads is predicted to necessitate requirements for industrial fasteners for construction purposes. A significant increase in the disposable income of more people is predicted to generate demand for consumer goods, including electronics, furniture, and appliances. These products also need fasteners in the manufacturing process, which is also predicted to give manufacturers an edge.

Why are Suppliers of Industrial Fasteners Focusing on Japan?

“Growing Construction Projects Supporting Demand Growth for Industrial Fasteners”

Attribute Japan
Market Value (2024E) US$ 1.59 Billion
Growth Rate (2024 to 2034) 6.6% CAGR
Projected Value (2034F) US$ 3.01 Billion

Similar to China, Japan is spending continuously on infrastructure projects, such as buildings, transportation systems, and public works. Construction projects need a noteworthy quantity of industrial fasteners, subsequently supporting market growth. Several industries in Japan, including construction, industrial, etc. prioritize precision and quality. This requirement for precision manufacturing is predicted to extend demand for high-quality industrial fasteners.

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Category-wise Insights

Why is Stainless Steel Widely Adopted in the Production of Industrial Fasteners?

“Corrosion Resistance of Stainless Steel Fueling Use in Industrial Fastener Production Process”

Attribute Stainless Steel
Segment Value (2024E) US$ 2.25 Billion
Growth Rate (2024 to 2034) 7.2% CAGR
Projected Value (2034F) US$ 4.51 Billion

Stainless steel is resistant to corrosion, therefore making it an ideal material for use in different environments, such as those with chemicals, high moisture, and exposure to weather elements. Fact.MR, a market research and competitive intelligence provider, in its recently published study, mentions that this resistance is predicted to help in the prevention of deterioration and rust over time, thus ensuring the stability and reliability of industrial fasteners in diverse applications.

Why is Demand for Industrial Fasteners High for Power Generation?

“Rising Number of Renewable Energy Projects Driving Demand for Industrial Fasteners”

Attribute Power Generation
Segment Value (2024E) US$ 927.4 Million
Growth Rate (2024 to 2034) 7.6% CAGR
Projected Value (2034F) US$ 1.93 Billion

Increasing emphasis on renewable energy sources, such as solar, hydroelectric power, and wind is predicted to result in increased construction as well as installation of related infrastructure. Solar panels, hydroelectric dams, wind turbines, and related equipment result in increased demand for industrial fasteners for maintenance and assembly.

Competition Landscape

Prominent manufacturers of industrial fasteners are spending significantly to ensure quality control, management of their supply chain, new product development, etc. Leading market players in East Asia are XINXING FASTEMERS, Jiaxing Goshen Hardware Co., Ltd., Meidoh Co., Ltd., Zhejiang Zhenglin Industrial Development Corp., Nitto Seiko Co., Ltd., Kogyo Co., Ltd., Dong Yang Screw Co., Ltd., Korea Bolt Industries Co., Ltd., and SMJIN Corporation.

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Competitive landscape highlights only certain players
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Segmentation of Industrial Fastener Study in East Asia

  • By Material :

    • Alloy Steel
    • Stainless Steel
  • By Type :

    • Nuts
      • Hexagon Nuts
      • Flange Nuts
      • Wing Nuts
      • Coupling Nuts
      • Pal Nuts
      • Others
    • Bolts
      • Track Bolts
      • Square Bolts
      • Plow Bolts
      • Round Bolts
      • J-bolts
      • U Bolts
      • Shoulder Bolts
      • Elevator Bolts
      • Others
    • Screws
      • Wood Screws
      • Machine Screws
      • Thread Cutting Machine Screws
      • Socket Screws
      • Others
    • Washers
      • Lock Washers
      • Structural Washers
      • Others
    • Anchors
    • Nails
    • Dowel Pins
    • Rivets
  • By End-use Industry :

    • Chemicals
      • Heat Exchanges
      • Exhaust Systems
      • Tanks & Vessels
      • Processing Equipment
      • Others
    • Petrochemicals
    • Marine
      • Decks
      • Tanks
      • Ramps
      • Bulkheads
      • Others
        • Automotive
        • Power Generation
    • Wind Energy
      • Turbine Manufacturing
        • Tower & Components
        • Rotor Blade & Components
        • Nacelle & Components
    • Other Auxiliaries
      • Other Energy
    • Construction
    • Aerospace & Defense
    • Mining
    • Agriculture
  • By Sales Channel :

    • Online
    • Offline
  • By Country :

    • China
    • Japan
    • South Korea

- FAQs -

What are the sales projections for industrial fasteners in East Asia?

Demand for industrial fasteners in East Asia is estimated to reach a market value of US$ 4.51 billion in 2024.

What is the predicted valuation of the market for 2034?

Sales of industrial fasteners in East Asia are forecasted to reach US$ 8.9 billion by the end of 2034.

At what rate are the sales of industrial fasteners forecasted to advance in East Asia?

The market in East Asia is predicted to expand at a CAGR of 7% from 2024 to 2034.

How much share of the market is held by stainless steel industrial fasteners?

Stainless steel-based industrial fasteners account for more than 50% market revenue in 2024.

What is the predicted size of the market in China for 2034?

Sales of industrial fasteners in China are forecasted to reach US$ 5.28 billion by the end of 2034.

At what CAGR is the demand for industrial fasteners projected to rise in South Korea?

Demand for industrial fasteners in South Korea is predicted to rise at 7.8% CAGR from 2024 to 2034.

What are the demand projections for industrial fasteners in Japan?

The market in Japan is predicted to expand at 6.6% CAGR from 2024 to 2034.

Industrial Fastener Industry Analysis in East Asia

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