Industrial Fastener Industry Analysis in Europe

Industrial Fastener Sales Outlook for Europe (2024 to 2034)

Fact.MR, through its newly published study, reveals that demand for industrial fasteners in Europe is pegged at a market value of US$ 4.19 billion in 2024. Sales of industrial fasteners in the region are projected to rise at a CAGR of 5.7% and reach US$ 7.3 billion by 2034.

There is a close link between industrial fasteners and the manufacturing industry. Noteworthy growth in the manufacturing sectors, including aerospace, automotive, machinery, and construction is predicted to positively impact demand for industrial fasteners. The rising demand for durable, specialized, and advanced fastening solutions to match industry-specific needs is predicted to drive market growth.

Large-scale development of infrastructure projects in the region, including energy, construction, and transportation, is forecasted to increase demand for industrial fasteners. These infrastructure projects are predicted to propel demand for various types of fasteners for railways, roads, bridges, and other construction projects.

Constant advancements taking place in fastener technology, including innovations in coatings, materials, and design, are projected to increase the adoption of industrial fasteners. There is an increase in the demand for fasteners, which offer corrosion resistance, lightweight properties, and enhanced strength. Therefore, players are investing in new manufacturing techniques and materials for the production of more efficient solutions.

Report Attributes	Details
Industrial Fastener Sales in Europe (2024E)	US$ 4.19 Billion
Projected Sales (2034F)	US$ 7.3 Billion
Demand Growth (2024 to 2034)	5.7% CAGR
Sales in Spain (2024E)	US$ 402.9 ;Million
Demand Growth in United Kingdom (2024 to 2034)	4.9% CAGR
Demand Growth in France (2024 to 2034)	6.3% CAGR
Market Share of Stainless Steel-based Industrial Fasteners (2024E)	>54%
Key Companies Profiled	Bulten AB Norma Group Wurth Group Arconic Fastening Systems Bossard Group SFS Group HEICO Group Fastenal Europe EJOT Group

Why are Sales of Industrial Fasteners Rising at a Steady Pace in Europe?

“Rising Adoption of Industrial Fasteners in Automotive Manufacturing”

Industrial fasteners contribute significantly to automotive manufacturing. The evolution of the automotive sector is attributed to the advancements in autonomous and electric vehicles, innovative designs, and lightweight materials. Therefore, an increase in the demand for industrial fasteners is experienced to match stringent criteria for reliability, durability, and performance while accommodating a shift to some lightweight materials, such as composite materials and aluminum to improve fuel efficiency and vehicle performance.

“Inclination toward High-performance and Specialized Industrial Fasteners in Aerospace Sector”

In the aerospace sector, a significant increase in the demand for industrial fasteners is experienced, which can withstand extreme conditions, such as stress, pressure and high temperatures. Fasteners utilized in aircraft manufacturing need to adhere to stringent safety standards and are highly resistant to fatigue and corrosion. With the evolution of the aerospace industry, an increase in the demand for high-performance and specialized fasteners is witnessed.

Country-wise Insights

Why are Manufacturers of Industrial Fasteners Looking at Germany?

“Ongoing Infrastructure Projects Generating Demand for Industrial Fasteners”

Attribute	Germany
Market Value (2024E)	US$ 983.5 Million
Growth Rate (2024 to 2034)	6.8% CAGR
Projected Value (2034F)	US$ 1.9 Billion

Ongoing infrastructure projects, including railways, buildings, and road construction are predicted to stimulate demand for industrial fasteners with assembly purposes. Increasing investments in infrastructure in Germany are forecasted to cushion demand for industrial fasteners in the market.

Why are Sales of Industrial Fasteners Advancing Rapidly in France?

“Sustainability and Environmental Initiatives Driving Sales of Industrial Fasteners”

Attribute	France
Market Value (2024E)	US$ 895.9 Million
Growth Rate (2024 to 2034)	6.3% CAGR
Projected Value (2034F)	US$ 1.65 Billion

Growing concentration on environmental concerns and sustainability is forecasted to result in increased demand for recyclable and eco-friendly fasteners in several industries, including electric vehicles, transportation networks, construction, etc. More companies are looking to opt for sustainable fastener solutions for effective operation.

Category-wise Insights

Which Material is Extensively Used in the Production of Industrial Fasteners?

“Growing Adoption of Stainless Steel in Production of Industrial Fasteners”

Attribute	Stainless Steel
Segment Value (2024E)	US$ 2.29 Billion
Growth Rate (2024 to 2034)	5.8% CAGR
Projected Value (2034F)	US$ 4.03 Billion

Stainless steel is used extensively as a raw material in the production of industrial fasteners across the regional market. Stainless steel is predicted to stand out as one of the most durable and distinctive materials owing to its qualities. Corrosion-resistant steel alloys are widely adopted because of their capability to change chemical, electrical, and mechanical properties.

Chromium, iron, and nickel are prominent elements available in stainless steel alloys. Stainless steel fasteners are adopted due to excellent endurance in extreme temperatures even in underwater and severe environments.

Which Application of Industrial Fasteners is Prominent in Europe?

“Growing Adoption of Industrial Fasteners in Power Generation”

Attribute	Power Generation
Segment Value (2024E)	US$ 985.5 Million
Growth Rate (2024 to 2034)	6.3% CAGR
Projected Value (2034F)	US$ 1.82 Billion

According to the study published by Fact.MR, a market research and competitive intelligence provider, power generation & transmission is forecasted to contribute significantly to market revenue. Offshore projects sometimes operate underwater, so there are increased requirements for industrial fasteners with higher corrosion resistance, long service life, and resistance to temperature changes in high-salinity environments. In addition, several countries from Europe are also moving to renewable power generation practices and depend on offshore wind turbines for the generation of power. Therefore, an increase in the demand for fasteners is experienced to keep the parts intact without any damage.

Competition Landscape

Key suppliers of industrial fasteners are increasing their spending for new product development, more effective management of supply chain systems, quality control, etc. Leading manufacturers of industrial fasteners in Europe are Bulten AB, Norma Group, Wurth Group, Arconic Fastening Systems, Bossard Group, SFS Group, HEICO Group, Fastenal Europe, and EJOT Group.

Segmentation of Industrial Fastener Study in Europe

• By Material :

  • Alloy Steel
  • Stainless Steel

• By Type :

  • Nuts
    • Hexagon Nuts
    • Flange Nuts
    • Wing Nuts
    • Coupling Nuts
    • Pal Nut
    • 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 :

  • Germany
  • France
  • Italy
  • Spain
  • United Kingdom
  • BENELUX
  • Russia
  • Rest of Europe