Industrial Fastener Industry Analysis in Middle East & Africa

Study on Industrial Fasteners in Middle East & Africa by Nuts, Bolts, Screws, Washers, Anchors, Nails, Dowel Pins, and Rivets from 2024 to 2034

Analysis of Industrial Fastener Industry Covering Countries Including Analysis of GCC Countries, South Africa, Turkey, and Rest of MEA

Industrial Fastener Sales Outlook for Middle East & Africa (2024 to 2034)

Revenue from industrial fastener sales in the Middle East & Africa is projected to reach US$ 724 million in 2024 and increase to US$ 1.15 billion by 2034, rising at 4.7% CAGR over the next ten years (2024 to 2034).

Industrial fasteners in the Middle East & Africa represent a vibrant industry influenced by various sectors such as construction, automotive, manufacturing, and others. In this region, industries like construction and infrastructure development contribute significantly to the demand for fasteners. With ongoing construction projects, there's a consistent need for quality fastening solutions to ensure structural integrity and durability.

The automotive sector also remains a significant consumer of industrial fasteners, requiring these components for assembly and manufacturing purposes. Moreover, the manufacturing industry relies on fasteners for machinery, equipment, and production line setups.

The market in this region is influenced by economic developments, government initiatives, and evolving industrial requirements. Factors such as investments in infrastructure, technological advancements, and initiatives promoting industrial growth play a pivotal role in shaping the demand and supply dynamics of industrial fasteners in the Middle East & Africa.

Demand for industrial fasteners in these projects arises from the need to securely connect and assemble various structural components. Fasteners play a crucial role in ensuring the stability, safety, and longevity of these infrastructural elements, making them an integral part of ongoing construction and development efforts in the region. As technology progresses, newer repetitions of tamper-proof fasteners incorporate innovative features to address evolving security threats and maintain the integrity of the systems they protect.

Report Attributes Details
Industrial Fastener Sales in Middle East & Africa (2024E) US$ 724 Million
Projected Sales (2034F) US$ 1.15 Billion
Demand Growth (2024 to 2034) 4.7% CAGR
Sales in South Africa (2024E) US$ 120 Million
Demand Growth in GCC Countries (2024 to 2034) 5.2% CAGR
South Africa Market Share (2024E) 16.6%
Demand Growth of Stainless Steel Fasteners (2024 to 2034) 5.1% CAGR
Key Companies Profiled
  • Mideast Metals FZCO
  • ATN INOX SPA
  • Fasteners World Middle East
  • Gulf Worldwide Distribution FZE
  • Al Rizq Industrial Supplies Est.
  • Rivet ME Fasteners

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Why are Suppliers of Industrial Fasteners Investing in the Middle East & Africa?

“Infrastructure Development Aimed at Enhancing Economic and Social Well-being”

Ongoing infrastructure projects, including construction of roads, bridges, airports, and urban development initiatives, require a substantial supply of fasteners for structural assembly. In the context of the Middle East & Africa, ongoing infrastructure projects involve the construction, renovation, or expansion of critical elements.

Construction and maintenance of highways, expressways, and local roads require fasteners for securing various components like guardrails, signs, and structural elements. Building bridges, overpasses, and tunnels demands an extensive supply of fasteners to connect steel beams, concrete elements, and other structural components securely. Expansion or development of airports, terminals, and port facilities involve the use of fasteners in construction, assembling runways, terminals, and port infrastructure.

Find more details of growth-augmenting factors such as product standards, pricing trends, safety regulations, local supply, and new developments in this research study on industrial fasteners by skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Country-wise Insights

South Africa, Turkey, GCC countries, and Rest of MEA are the major countries in this region. Manufacturing activities are on the rise in the GCC countries, driven by the establishment of extensive industrial parks, signifying a growing industrial landscape in these regions. The market dynamics in South Africa are influenced by economic factors, technological advancements, and industrial requirements.

Why are GCC Countries Key Markets for Industrial Fastener Manufacturers?

“Machinery Imports and Industrial Development in Fastener Manufacturing"

Attribute GCC Countries
Market Value (2024E) US$ 363.3 Million
Growth Rate (2024 to 2034) 5.2% CAGR
Projected Value (2034F) US$ 610 Million

Imports of machinery, tools, and materials for industrial fastener manufacturing have hindered innovation across various regions. The GCC countries face a scarcity of suitable machinery due to their relatively brief industrial histories. While countries excel in construction, many industrial sectors, including the fastener industry, remain underdeveloped. Their reliance on foreign technology, supplies, and equipment shapes their fastener production landscape.

With increasing government financing for extensive infrastructure and residential projects in the GCC countries, the demand for fasteners is expected to rise during the forecast period. Especially, the UAE leads in fastener imports and exports, with significant trade ties to China and India. The market's expansion in the Middle East is propelled by factors such as robust physical capital investment, trade engagements, competitiveness within the manufacturing sector, and vigorous media promotion.

Why are Industrial Fastener Suppliers Eyeing South Africa?

“Technological Developments and Manufacturing Technique Advancements”

Attribute South Africa
Market Value (2024E) US$ 120 Million
Growth Rate (2024 to 2034) 4.6% CAGR
Projected Value (2034F) US$ 190 Million

In South Africa, the construction sector stands as a significant contributor to the demand for fasteners. The ongoing infrastructure projects, urban development initiatives, and residential construction fuel the need for quality fastening solutions.

The automotive industry in the country relies on fasteners for assembling vehicles, contributing to the demand for these components. Manufacturing sectors also play a vital role, requiring fasteners for machinery, equipment assembly, and production processes. Factors such as infrastructure investments, government policies, and advancements in manufacturing techniques significantly impact the demand and supply patterns within the industrial fasteners in South Africa.

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Category-wise Insights

Stainless steel's aesthetic appeal, ease of maintenance, and recyclability add to its advantages, making it a preferred choice for industrial fasteners where durability and longevity are supreme.

Which Material Holds a Significant Market Share in Middle East & Africa?

“Strength and Durability of Stainless Steel Contributing to Longevity and Reliability of Fastening Systems”

Attribute Stainless Steel
Segment Value (2024E) US$ 384.2 Million
Growth Rate (2024 to 2034) 5.1% CAGR
Projected Value (2034F) US$ 640 Million

Stainless steel is a highly required material in the industrial fastener due to its exceptional properties. Its corrosion resistance, durability, and strength make it an ideal choice for various fastening applications across industries. In the realm of industrial fasteners, stainless steel is used to manufacture bolts, nuts, screws, washers, and other fastening components. These fasteners find applications in sectors such as automotive, construction, aerospace, marine, and more.

Corrosion resistance of stainless steel ensures that fasteners remain unaffected by exposure to moisture, chemicals, and varying environmental conditions. This property is especially crucial in industries where fasteners are subjected to harsh or corrosive environments. This material's ability to withstand high temperatures and maintain structural integrity further enhances its appeal in demanding industrial settings.

Why is There Increased Demand for Industrial Fasteners in Power Generation?

“Fasteners Essential in Renewable Energy Systems and Maintenance of Transmission Towers”

Attribute Power Generation
Segment Value (2024E) US$ 163 Million
Growth Rate (2024 to 2034) 5.4% CAGR
Projected Value (2034F) US$ 250 Million

In the power generation sector, industrial fasteners play a critical role in securing and maintaining various components within power plants, renewable energy facilities, and transmission infrastructure. These fasteners are crucial for ensuring the structural integrity, safety, and efficiency of power generation systems.

In all these applications, industrial fasteners must meet stringent quality, strength, and durability standards. They need to withstand high stress, temperature variations, corrosion, and other environmental factors to ensure the safety and longevity of power generation and distribution systems. Fasteners made from materials like stainless steel or alloys are commonly preferred due to their resilience and corrosion resistance in these demanding environments.

Competitive Landscape

Several indigenous manufacturers operate in the region, catering to specific industries and offering a range of fastening solutions. These local companies often focus on meeting the demand within their respective countries or regions.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Segmentation of Industrial Fastener Study in Middle East & Africa

  • By Material :

    • Alloy Steel
    • Stainless Steel
  • By Type :

    • Nuts
    • Bolts
    • Screws
    • Washers
    • Anchors
    • Nails
    • Dowel Pins
    • Rivets
  • By Sales Channel :

    • Online
    • Offline
  • By End Use :

    • Chemicals
    • Petrochemicals
    • Marine
    • Automotive
    • Power Generation
    • Construction
    • Aerospace & Defense
    • Mining
    • Agriculture
  • By Country :

    • GCC Countries
    • South Africa
    • Turkey
    • Rest of MEA

- FAQs -

What are the estimated industrial fastener sales in the Middle East & Africa for 2024?

Industrial fastener demand in the Middle East & Africa is projected to reach a market value of US$ 724 million in 2024.

What is the projected market size for 2034?

Sales of industrial fasteners are predicted to reach US$ 1.15 billion by 2034.

What is the expected sales growth in the Middle East & Africa market?

The market in the Middle East & Africa is projected to increase at 4.7% CAGR from 2024 to 2034.

How much will industrial fastener sales revenue be in GCC countries?

Demand for industrial fasteners in GCC countries is projected to account for a market revenue of US$ 610 million by 2034-end.

Which type of industrial fastener is generating more revenue?

Stainless steel is expected to account for 55.2% market share in the Middle East & Africa in 2024.

Who are the top industrial fastener companies?

Mideast Metals FZCO, ATN INOX SPA, Rivet ME Fasteners, and Fasteners World Middle East are key industrial fastener manufacturers in Middle East & Africa.

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