Industrial Fastener Industry Analysis in North America

Study on Industrial Fasteners in North America 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 United States and Canada

Industrial Fastener Sales Outlook for North America (2024 to 2034)

Sales of industrial fasteners in North America are calculated at US$ 3.55 billion for 2024 and are projected to increase at a healthy CAGR of 5.4% to reach a market value of US$ 6.01 billion by the end of 2034.

Industrial fasteners are essential components used to mechanically join or affix two or more objects together. Fasteners including Industrial fasteners and tamper-proof fasteners play a crucial role in various industries, providing a means of assembling, securing, and connecting different parts and materials. The term ‘industrial fastener’ is a broad category that includes a wide range of devices designed for specific applications, and they come in various shapes, sizes, and materials.

Common types of industrial fasteners include bolts, nuts, screws, washers, rivets, and pins. They are utilized in manufacturing, construction, automotive, aerospace, and electronics. The choice of fastener depends on factors such as the materials being joined, the required strength, environmental conditions, and the specific application.

  • Demand for industrial nuts in North America is predicted to rise at a CAGR of 6.2% and reach a market value of US$ 1.44 billion by 2034.
  • Fact.MR, a market research and competitive intelligence provider, estimates that sales of industrial screws in the region will reach US$ 1.09 billion by 2034.
Report Attributes Details
Industrial Fastener Sales in North America (2024E) US$ 3.55 Billion
Forecasted Sales (2034F) US$ 6.01 Billion
Demand Growth (2024 to 2034) 5.4% CAGR
Alloy Steel Sales (2024E) US$ 1.84 Billion
Industrial Bolt Demand Growth (2024 to 2034) 6.7% CAGR
Industrial Nail Sales (2024E) US$ 262.5 Million
Key Companies Profiled
  • Illinois Tool Works Inc.
  • LISI Group
  • ARaymond Industrial
  • Fontana Gruppo

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Why is North America a Key Market for Industrial Fastener Suppliers?

“Shift toward Lightweight Materials in Aerospace and Automotive Sectors”

Growing popularity of lightweight materials in industries such as aerospace and automotive is significantly influencing the choice of materials used in the production process. This trend is driven by the continuous pursuit of improved fuel efficiency, enhanced performance, and reduced environmental impact. As a result, there is a notable increase in the use of advanced materials such as aluminium and composite materials in both the manufacturing of components and the fasteners that hold them together.

Fastener manufacturers are investing heavily in research and development activities to innovate new materials that balance strength, durability, and lightness. As materials become lighter, precision engineering of fasteners becomes critical to maintaining structural integrity.

“Growing Maintenance, Repair, and Operation (MRO) Activities Boosting Demand for Industrial Fasteners”

Continuous maintenance requirements in various industries play a pivotal role in sustaining the demand for industrial fasteners. Across sectors such as manufacturing, construction, and infrastructure, the need for ongoing maintenance remains constant to ensure the operational efficiency and safety of equipment and structures. This perpetual demand stems from the natural wear and tear that components experience during regular use, exposure to environmental factors, and the impact of operational stress.

In this context, fasteners become integral components in the maintenance and repair processes, as they are essential for reassembling and securing parts after disassembly. The replacement and repair needs within industries are key drivers for the sales of industrial fasteners.

Country-wise Analysis

Why are Industrial Fastener Manufacturers Thriving in the United States?

“Huge Infrastructure Development Projects Boon for Industrial Fastener Suppliers”

Attribute United States
Market Value (2024E) US$ 3.17 Billion
Growth Rate (2024 to 2034) 5.5% CAGR
Projected Value (2034F) US$ 5.41 Billion

Ongoing infrastructure development projects, including road construction, building projects, and energy infrastructure are contributing to the healthy demand for industrial fasteners. These fasteners are essential in assembling and securing structural components in construction applications.

The resurgence of manufacturing activities in the United States is also significantly driving demand for manufacturing fasteners.

How Fast is Demand for Industrial Fasteners Rising in Canada?

“Resource and Renewable Energy Sectors Driving Steady Demand for Industrial Fasteners”

Attribute Canada
Market Value (2024E) US$ 384.5 Million
Growth Rate (2024 to 2034) 4.5% CAGR
Projected Value (2034F) US$ 597.12 Million

Canada's resource sectors including mining and forestry are driving steady demand for industrial fasteners used in heavy machinery and equipment. The extraction and processing of natural resources necessitate robust fasteners for assembly and maintenance.

Growing investments in renewable energy projects, such as wind and solar are also driving demand for fasteners used in the construction and maintenance of renewable energy infrastructure. This sector's expansion is directly contributing to the overall demand for industrial fasteners.

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Category-wise Analysis

Why is Demand for Industrial Fasteners High in the Power Generation Sector?

“Infrastructure Expansion and Upgrades in Power Generation Plants Driving Demand for Durable Industrial Fasteners”

Attribute Power Generation
Segment Value (2024E) US$ 879.8 Million
Growth Rate (2024 to 2034) 6% CAGR
Projected Value (2034F) US$ 1.57 Billion

The North American power generation sector encompasses diverse energy sources, including coal, natural gas, nuclear, hydroelectric, and renewable energy. Each of these energy sources has unique equipment and components, and industrial fasteners are integral for assembling and securing these components in various power generation systems.

Rapidly evolving power generation sector in North America is also in continual need of the construction of new power plants and the upgrade of existing facilities. This includes the installation of turbines, generators, and other equipment, all of which require a substantial quantity and variety of industrial fasteners for assembly and structural integrity.

Competitive Landscape

Leading industrial fastener companies in North America are employing several organic and inorganic strategies to enhance their competitiveness and earn more revenue. These strategies are tailored to address the evolving needs of industries, technological advancements, and market dynamics. Key market players are also focusing on expanding their presence in global markets.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Segmentation of Industrial Fasteners Study in North America

  • 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
      • Sheet Metal Screws
      • Socket Screws
      • Others
    • Washers
      • Lock Washers
      • Structural Washers
      • Others
    • Anchors
    • Nails
    • Dowel Pins
    • Rivets
  • By End-use Industry :

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

    • Online
      • Direct to Customer
      • Third-Party Online
    • Offline
      • Authorized Distributors
      • Garages & Workshops
      • Specialty Stores
  • By Country :

    • United States
    • Canada

- FAQs -

What is the market value of industrial fasteners in North America?

Sales of industrial fasteners in North America are estimated at US$ 3.55 billion in 2024.

What are the projected sales of industrial fasteners in North America or 2034?

Demand for industrial fasteners in North America is forecasted to reach a market value of US$ 6.01 billion by 2034.

What is the estimated CAGR of the North American market?

The market in North America is predicted to increase at a CAGR of 5.4% from 2024 to 2034.

What is the forecasted market value of stainless steel industrial fasteners in North America?

Sales of stainless steel industrial fasteners in North America are projected to reach US$ 3.06 billion by 2034.

How big is the United States market in 2024?

The United States market is pegged at US$ 3.17 billion for 2024.

Who are the top producers of industrial fasteners in North America?

Leading companies in North America are Illinois Tool Works Inc., LISI Group, and ARaymond Industrial.

Industrial Fastener Industry Analysis in North America

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