Industrial Fastener Industry Analysis in United States

Study on Industrial Fasteners in United States by Nuts, Bolts, Screws, Washers, Anchors, Nails, Dowel Pins, and Rivets for Chemicals, Petrochemicals, Marine, Automotive, and Others from 2024 to 2034

Analysis of Industrial Fastener Industry Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Industrial Fastener Sales Outlook for United States (2024 to 2034)

Revenue from the sales of industrial fasteners in the United States has been projected at US$ 16.2 billion for 2024 and is forecasted to increase at a CAGR of 4.7% to end up at US$ 25.4 billion by 2034.

The U.S. is the fifth-largest importing country for fasteners. Rising domestic demand in the U.S. is creating a huge opportunity for industrial fastener manufacturers. These fastener play a crucial role, especially in automotive and aircraft manufacturing.

According to the International Trade Administration, the U.S. is the second-largest vehicle producer. As such, the huge automotive sector in the country will drive the market for industrial fasteners over the coming years.

Report Attributes Details
Industrial Fastener Sales in United States (2023A) US$ 15.5 Billion
Estimated Sales (2024E) US$ 16.2 Billion
Projected Sales (2034F) US$ 25.4 Billion
Demand Growth (2024 to 2034) 4.7% CAGR
Mid-West U.S. Market Share (2024) 27.4%
South East U.S. Market Growth Rate (2024 to 2034) 5.1% CAGR
Key Companies Profiled
  • HILTI
  • Arconic
  • Stanley Black & Decker
  • Nucor
  • Acument United States Technologies
  • Holo-Krome
  • ND Industries
  • Hercules Bolt
  • Portland Bolt
  • Birmingham Fastener
  • Other Prominent Players

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Sales Analysis of Industrial Fasteners in the U.S. (2019 to 2023) vs. Future Projections (2024 to 2034)

The U.S. industrial fastener market size exhibited steady growth in 2023 with revenue up 3.5% year-over-year. This detailed industry analysis reveals that market revenue was US$ 13.5 billion in 2019 and increased to US$ 15.5 billion in 2023.

  • Short Term (2024 to 2027): Manufacturers will shift their focus toward online distribution channels. Also, companies will collaborate with digital technology providers to develop intelligent fasteners. This revolution will see the use of sensors to collect real-time information. Also, torque, vibration, and temperature will be monitored for maintenance purposes.
  • Medium Term (2027 to 2030): 3D manufacturing, also called additive manufacturing, will allow the manufacturing of complex fasteners. Manufacturers will adopt the digital twin technology to track and analyze the performance of fasteners in real situations.
  • Long Term (2030 to 2034): Manufacturing companies will invest in R&D to improve the usability of recyclable fasteners. Also, bioplastic and recyclable nylon will find their way into various applications for end-user industries. Use of environment-friendly fasteners will lead to sustainable growth of the market.

According to the Fact.MR, a market research and competitive intelligence provider, demand for industrial fasteners in the U.S. has been analyzed to increase at a CAGR of 4.7% during the forecast period (2024 to 2034).

What are the Factors Driving Steady Sales Growth of Industrial Fasteners in the U.S.?

“Increasing Green Energy and Green Construction Infrastructure”

Fasteners maintain structural integrity with minimal material consumption. This feature helps achieve the goal of green construction infrastructure. It also improves energy efficiency by preventing energy leakage through loosely sealed windows and doors. Some fasteners are certified with LEED (Leadership in Energy and Environmental Design), and the usage of such fasteners helps get a good rating in green building rating systems.

The U.S. is witnessing a significant surge in green construction and renewable energy projects. Fasteners are used for various renewable energy installations such as solar panels and wind turbines.

  • According to the Center for Climate and Energy Solutions (C2ES) of the U.S., in 2020, 19.8% of electricity was generated by renewable energy installations and it is expected to rise to 30% by the end of 2030.
  • In March 2024, the U.S. Department of Energy (DOE) announced the investment of US$ 6 billion in green construction materials.

“Increasing Adoption of Advanced Manufacturing Technologies”

More and more U.S. industries are adopting advanced manufacturing technologies. Due to the rise of Industry 4.0, many manufacturing processes are automated where precision engineering is required. Fasteners can withstand heavy loads and temperatures. This reduces the assembly time. Fasteners improve production efficiency, which leads to an increase in productivity. Manufacturers use fasteners to expand their production capacity and product lines, aligned with modern manufacturing technologies.

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What are the Challenges Encountered by Manufacturers of Industrial Fasteners?

“Rising Material Cost and Strict Environmental Regulations”

Materials such as steel and aluminum are commonly used for the manufacturing of fasteners. Supply-demand imbalance, shortage of raw materials, and geopolitical factors are influencing the price of fasteners.

The manufacturing and fabrication of fasteners often involve harmful chemicals. Also, regulating authorities have tightened the rules and regulations to protect the environment from such harmful chemicals. To mitigate these challenges, manufacturers would need to adopt a sustainable production process and cost-effective sourcing strategies to tackle the issue of price fluctuation.

Region-wise Insights

Why is South East U.S. a Lucrative Market for Industrial Fastener Manufacturers?

“Locational Advantages of Region Attracting Industrial Fastener Companies”

The South East U.S. market was valued at around US$ 2.3 billion in 2023, registering Y-o-Y growth of 4.9%. Online sales are projected to increase at a CAGR of 5.2% and top US$ 1.9 Billion by 2034.

Many automotive or other manufacturing companies work on the Original Equipment manufacturing (OEM) model where fasteners play an important role in the assembly stage. Usually, OEMs and assembly plants are located at a distance, and for smooth operation, transportation connectivity is vital.

For many automotive manufacturers, the South East U.S. region is ideal. Lower operational costs and robust transportation infrastructure make the region suitable for fastener manufacturers. Also, the region has skilled and semi-skilled labor in abundance. Due to these advantageous factors, the South East U.S. has become a lucrative market for industrial fastener manufacturers.

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Category-wise Insights

Which Material is Widely Preferred for Production of Industrial Fasteners?

“High Demand for Aluminum Industrial Fasteners Due to Advantageous Properties”

Demand for aluminum industrial fasteners in the United States is projected to increase at a CAGR of 4.5% and reach a market value of US$ 314.1 million by 2034.

The automotive and aerospace industry is witnessing the trend of lightweight materials and products due to various advantages such as improved fuel efficiency and product performance. This has also influenced the fastener market. There is a shift of material used in fasteners from heavy and robust to lightweight and flexible.

Aluminum is a lightweight material that can be easily modified or extended without the use of welding. Aluminum fasteners have gained popularity due to their anti-corrosive and high-strength properties. Also, the revolutionary aluminum extrusion method and advancements in technology are raising the bar for industrial fastener manufacturing in the country.

Why Is the Online Distribution Channel Popular for Industrial Fastener Sales?

“B2B Sales through Online Platforms Considered Convenient Option”

Online sales are estimated to account for 49.6% share of the market in 2024, and the segment is projected to reach a market valuation of US$ 12.8 billion by 2034-end.

End-user industries such as automotive, aerospace, power generation, and construction account for high demand for industrial fasteners. Key players in this industry are working on the business-to-business (B2B) model. Due to the ease and convenience of placing orders, more buyers are turning toward the online buying mode.

Required specifications of dimensions, materials, and coatings are considered while manufacturing for specific orders. Also, certifications make the process trustworthy as the authenticity of the buyer and seller can be checked properly.

Competitive Landscape

Key players in the U.S. industrial fasteners market are HILTI, Arconic, Stanley Black & Decker, Nucor, Acument Global Technologies, Holo-Krome, ND Industries, Hercules Bolt, Portland Bolt, and Birmingham Fastener.

Manufacturers are collaborating with end-user industries to offer them customized solutions. Companies are partnering with industries to share engineering expertise and develop industry-specific products. Also, more market players are adopting online distribution channels to gain a competitive edge. Manufacturers are acquiring regional supply companies to acquire customers and expand their reach.

  • In March 2024, Birmingham Fastener expanded its business to Querétaro City, Mexico. Birmingham Fastener is a leading full-service manufacturer and distributor of fasteners. This is the first time that the company will be exploring a market outside the U.S.
  • On 8th September 2023, a U.S.-based manufacturer called MW Industries (MWI) acquired the Elgin Fastener Group. This consolidation has made the company one of the largest suppliers of fasteners in the U.S.

Fact.MR has provided detailed information about the price points of key manufacturers of industrial fasteners positioned across the United States, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Industrial Fastener Study in United States

  • By Material :

    • Metal
      • Steel
      • Stainless Steel
      • Aluminum
      • Silicon Bronze
      • Titanium
    • Polymers
  • By Type :

    • Screws
      • Wood Screws
      • Machine Screws
      • Thread Cutting Machine Screws
      • Sheet Metal Screws
      • Self-Drilling
      • Socket Screws
      • Others
    • Nuts
      • Hexagon Nuts
      • Flange Nuts
      • Wing Nuts
      • Kep Nuts
      • Push Nuts
      • Castle Nuts
      • Coupling Nuts
      • Pal Nuts
      • Others
    • Bolts
      • Track Bolts
      • Square Bolts
      • Plow Bolts
      • Round Bolts
      • Lag Bolts
      • Aircraft Bolts
      • J Bolts
      • U Bolts
      • Shoulder Bolts
      • Others
    • Nails
    • Washers
      • Lock Washers
      • Structural Washers
      • Others
    • Anchors
    • Rivets
    • Dovel Pins
  • By Application :

    • Power Generation
      • Wind Energy
        • Turbine Manufacturing
        • Other Auxiliaries (Cases, etc.)
      • Other Systems
    • Chemical Industry
      • Heat Exchangers
      • Exhaust Systems
      • Tanks & Vessels
      • Processing Equipment
      • Others
    • Marine
      • Decks
      • Tanks
      • Ramps
      • Bulkheads
      • Others
    • Agriculture
    • Construction
    • Furniture
    • Automotive
    • Household Appliances
    • Oil & Gas
    • Aerospace & Defense
    • Other Industries
  • By Sales Channel :

    • Online
      • Company / Brand Websites
      • e-Commerce Websites
    • Offline
      • Authorized Distributors
      • Garages & Workshops
      • Specialty Stores
  • By Region :

    • North East U.S.
    • South West U.S.
    • Mid-West U.S.
    • South East U.S.
    • West U.S.

- FAQs -

What was the size of the U.S. industrial fastener market in 2023?

The market for industrial fasteners in the United States was valued at US$ 15.5 billion in 2023.

Which type of industrial fastener accounts for a high market share?

Screws account for 19% share of industrial fastener sales in the U.S.

What is the estimated valuation of the market for 2034?

The market is projected to reach a valuation of US$ 25.4 billion by 2034.

Which material is widely preferred for manufacturing industrial fasteners?

Demand for metals industrial fasteners is projected to grow at a CAGR of 4.7%.

What is the estimated valuation of the North East U.S. market for industrial fasteners?

The North East U.S. market is expected to reach US$ 5.5 billion by 2034.

What Value CAGR did the U.S. market exhibit over the last four years?

The historic growth rate of the U.S. market was 3.5% from 2019-2023.

- Also of Interest -

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