Industrial Fastener Market

Industrial Fastener Market Study by Metal and Polymer for Screws, Nuts, Bolts, Washers, Anchors, and Dowel Pins from 2024 to 2034

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

Industrial Fastener Market Outlook (2024 to 2034)

Analyzed to expand at a CAGR of 5.1%, the global industrial fastener market is projected to increase from a valuation of US$ 113.2 billion in 2024 to US$ 186.2 billion by the end of 2034.

Industrial fasteners are high-grade fastening tools that find widespread use in the construction, automobile, aerospace, and marine sectors. Expansion of machinery, motor vehicles, and other durable goods manufacturing is projected to drive market expansion due to substantial investments in these fields.

Rising demand for bolts, nuts, screws, rivets, nails, washers, and studs is projected to contribute to market growth during the forecasted period. The growing construction sector and industrialization in countries such as India, China, Thailand, and Vietnam are also projected to play a vital role in market growth.

  • In 2021, Greeknote, a leading manufacturer of anti-corrosion coatings, introduced the advanced G5K, providing coating performance for at least 5,000 hours.

Increasing real estate development projects in urban areas such as residential and commercial buildings, as well as bridges are boosting demand for industrial fasteners. Market growth is also contributed by the rise in technological advancements in industrial fasteners, which leads to the production of lightweight products. These products are particularly beneficial in the automotive sector and other industrial areas.

Report Attributes Details
Industrial Fastener Market Size (2024E) US$ 113.2 Billion
Projected Market Value (2034F) US$ 186.2 Billion
Global Market Growth Rate (2024 to 2034) 5.1% CAGR
China Market Value (2034F) US$ 36.1 Billion
Canada Market Growth Rate (2024 to 2034) 6.1% CAGR
North America Market Share (2024E) 25.7%
East Asia Market Value (2034F) US$ 62.9 Billion
Key Companies Profiled
  • American Fastener Technologies Corporation
  • American Bolt & Screw
  • AF Fastener
  • Acument Global Technologies (Fontana Gruppo)
  • Birmingham Fastener
  • Delta Fastener Corp.
  • De Walt
  • Eurofast
  • Elgin Fastener Group
  • Extreme Bolt & Fastener

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Which Factors are Contributing to Industrial Fastener Market Growth Worldwide?

“Rising Residential and Commercial Construction Projects and Heavy Infrastructure Investments”

Expansion of the construction sector is projected to be fostered by the increasing demand for commercial and residential housing projects, along with the rise in government spending on infrastructure projects. Fasteners used in building and construction play a vital role in joining materials together and meeting the industry's requirements for strength and precision.

Various types of fasteners, such as stainless steel, alloy steel, and carbon steel, find extensive use in the construction industry. Common examples of fasteners include nuts, bolts, washers, screws, and rivets. Each project requires specific types of fastening materials to ensure safety and durability. Ongoing construction activities in many countries, including China, Japan, Saudi Arabia, the United States, and others are generating opportunities for industrial fastener producers.

Stainless steel is predominantly used in the manufacturing of construction products. The increasing demand for industrial fasteners for use in the building and construction sector is projected to drive market growth.

“Focus on Providing Fasteners Customized to Specific Needs”

Key market players are focusing on providing fasteners customized to the needs of their customers and on manufacturing as per the custom applications of end users. Manufacturers are investing in the development of innovative products made from a variety of materials, including steel, stainless steel, zinc-plated steel, high-strength steel, brass, and galvanized steel.

To enhance their overall offerings for a wide range of end-use industries such as power generation, petrochemical, transportation, mining, aerospace & defense, construction, and agriculture, manufacturers are diversifying their product portfolios by adopting strategies such as product launches, acquisitions, and product line extensions. These end-users require specialized fasteners suited to different lengths, operating temperatures, and working environments, making customization essential.

Customization is conducted in accordance with all international certifications and quality standards to ensure the delivery of high-quality products tailored to clients' requirements.

Country-wise Insights

Fact.MR, a market research and competitive intelligence provider, through its newly published analysis, asserts that North America is projected to hold 27.3% share of the global market by 2034. Industrial fastener producers have expanded their presence across diverse global regions such as Southeast Asia, Central and South America, and Australia. This growth allows them to diversify their supply chains and minimize reliance on a single supplier.

Why is China a Prominent Market for Industrial Fastener Manufacturers?

“Increasing Usage of Industrial Fasteners in Electric Vehicles”

Attribute China
Market Value (2024E) US$ 21.6 Billion
Growth Rate (2024 to 2034) 5.3% CAGR
Projected Value (2034F) US$ 36.1 Billion

Key industrial fastener market trends in China include increased steel production at a rapid rate due to the influence of urbanization and industrialization. China produces more than half of the world's alumina, with a portion of that going into manufacturing processes in end-use sectors such as aerospace & defense, automotive, and petrochemicals.

China provides incentives to manufacturers for upgrading and improving EV (electric vehicle) infrastructure in the country. Sales of aluminum fasteners are projected to rise at a steady pace during the forecast period as they are extensively used in EVs. China is experiencing a construction boom marked by extensive infrastructure projects and urban development. These projects fuel a significant need for fasteners to support building structures.

What are the Opportunities Awaiting Industrial Fastener Manufacturers in the United States?

“Robust Aircraft and Automobile Production in the Country”

Attribute United States
Market Value (2024E) US$ 20.9 Billion
Growth Rate (2024 to 2034) 6% CAGR
Projected Value (2034F) US$ 37.4 Million

The United States accounts for 71.7% of the industrial fastener market share in North America. This is due to the United States maintaining a significant role in driving the growth of the power generation, construction, and automotive industries. Several automobile producers, including Toyota Motor Corporation, Ford Motor Company, BMW, and others, have established facilities to meet the increased demand for modified, newer cars resulting from changes in CAFÉ (Corporate Average Fuel Economy) rules.

The United States stands as the world's largest aircraft manufacturer, utilizing a wide array of industrial fasteners in both the production of complex equipment and the repair of older equipment. Industrial fasteners are also heavily employed in construction vehicles and heavy-duty machines. Notable construction projects in the United States include the NFL's Buffalo Bills Stadium, the USA/Mexico Border Wall, and others.

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Category-wise Insights

The market is divided into six segments such as screws, nuts, bolts, wafers, anchors, and dowel pins by type. Out of these segments, dowel pins are estimated to hold a leading industrial fastener market share of 22.5% in 2024.

Which Factors are Influencing Sales of Dowel Pins?

“Growing Demand for Durable and Reliable Fasteners in Construction and Aerospace Sectors”

Attribute Dowel Pins
Segment Value (2024E) US$ 25.5 Billion
Growth Rate (2024 to 2034) 4.6% CAGR
Projected Value (2034F) US$ 39.7 Billion

Primary factor driving the market is the growing demand for high-quality fasteners across sectors such as construction, automotive, aerospace, and marine. These sectors constantly require durable and reliable fasteners, such as dowel pins, for their operations. Technological advancements and innovations in manufacturing processes have led to the production of dowel pins with enhanced features.

Growth of the global economy and the expansion of industrial activities, particularly in developing countries, have led to increased investment in infrastructure and machinery. Supply chain disruptions caused by the COVID-19 pandemic have posed challenges to the market. However, despite these challenges, the increased demand for high-quality fasteners is projected to drive market growth during the forecast period.

Industry standard compliance often requires the use of dowel pins for certain applications. The cost-effectiveness of dowel pins compared to other fastening solutions is also contributing to their adoption. Industries are increasingly using dowel pins because of their ability to offer a balance between performance, durability, and cost, especially in large-scale projects.

Which Properties of Polymers Make Them the Preferred Material Choice?

“High-Strength and Corrosion Resistance Associated with Polymers”

Attribute Polymer
Segment Value (2024E) US$ 62.5 Billion
Growth Rate (2024 to 2034) 4.9% CAGR
Projected Value (2034F) US$ 100.9 Billion

Dominance of polymer fasteners in this market is due to their unique properties such as lightweight, high strength, and corrosion resistance. These properties make the material a favored choice for various industrial applications. Polymer fasteners are extensively used in industries such as automotive, aerospace, and construction due to their durability and cost-effectiveness.

Advancements in materials science have led to the development of high-performance polymers that offer superior mechanical and thermal properties. Despite the significant use of other materials such as metal and ceramic, the versatility offered by polymer fasteners is leading to their increased adoption. Therefore, polymer fasteners account for a leading share of the market.

Competitive Landscape

Key players in the industrial fastener market are American Fastener Technologies Corporation, American Bolt & Screw, AF Fastener, Acument Global Technologies (Fontana Gruppo), Birmingham Fastener, Delta Fastener Corp., De Walt, Eurofast, and Elgin Fastener Group, and Extreme Bolt & Fastener. Manufacturers of industrial fasteners are forging alliances with other globally renowned suppliers to innovate new technologies and drive market growth to new avenues.

  • In 2020, Stanley Black and Decker partnered with OEMs and many other suppliers to enhance the supply chain of its products.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Key Segments of Industrial Fastener Market Research

  • By Material :

    • Metal
    • Polymer
  • By Type :

    • Screws
    • Nuts
    • Bolts
    • Washers
    • Anchors
    • Dowel Pins
  • By Application :

    • Chemicals
    • Petrochemicals
    • Transportation
    • Power Generation & Transmission
    • Construction
    • Mining
    • Agriculture
    • Aerospace & Defense
  • By Sales Channel :

    • Online
    • Offline
  • By Region :

    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

How big is the industrial fastener market in 2024?

The global industrial fastener market is valued at US$ 113.2 billion in 2024.

What are the projections for the global industrial fastener market?

The market for industrial fasteners is forecasted to expand at 5.1% CAGR and reach US$ 186.2 billion by 2034.

What is the projected market growth rate for North America?

The North American market is forecasted to increase at 5.7% CAGR through 2034.

What is the estimated market share for North America by 2034?

North America is estimated to claim 27.3% of the global market share by 2034.

What is the market CAGR projected for East Asia?

The market in East Asia is projected to expand at 5.2% CAGR through 2034.

What is the East Asian market share value in 2024?

East Asian market share value is 33.5% in 2024.

What is the stance of the market for industrial fasteners in South Korea?

The South Korea market is projected to expand at 6.9% CAGR and reach US$ 8.7 billion by 2034-end.

- Also of Interest -

Tamper-proof Fasteners Market

Tamper-proof Fasteners Market Analysis By Material (Steel, Alloy Steel, Stainless Steel, Aluminium), By product type (Screws & Bolts, Nuts), By Sales Channel (Online Sales, Offline Sales), By End-use Industry , By Region - Global Forecast 2022-2032

Industrial Fastener Market

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