Industrial Fasteners Market

Industrial Fasteners Market Analysis, By Material (Metal, Plastic & Polymer), By Type (Screws, Nuts, Bolts, Washers, Anchors, Dowel Pins), By Application, By Sales Channel (Online, Offline) - Global Market Insights 2022 to 2032

Analysis of Industrial Fasteners market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Industrial Fasteners Market Outlook (2022-2032)

The global industrial fasteners market has reached a valuation of US$ 102.8 billion in 2022 and is forecasted to progress at a steady CAGR of 5.1% to reach US$ 168.7 billion by the end of 2032.

Revenue from the sales of industrial fasteners accounted for 72% share of the global fasteners market at the end of 2021.

Report Attributes


Industrial Fasteners Market Size (2021A)

US$ 98.6 Billion

Estimated Market Value (2022E)

US$ 102.8 Billion

Forecasted Market Value (2032F)

US$ 168.7 Billion

Global Market Growth Rate (2022-2032)

5.1% CAGR

North America Market Share (2022)


North America Market Value (2022)

US$ 21 Billion

Europe Market Share (2022)

~ 26.9%

Europe Market Value (2022)

US$ 27.6 Billion

China Market Share (2022)

~ 15%

China Market Value (2022)

US$ 15.4 Billion

Top 3 Countries’ Market Share (%)


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
  • Ford Fasteners, Inc.
  • Impalabolt
  • ITW
  • Johns Manville
  • LISI Group
  • Midwest Fastener Corp
  • Ningbo Qunli Fastener Manufacture Co., Ltd.
  • Nobel Precision Metal Co., Ltd.
  • Ocean State Stainless, Inc.
  • PCC Fasteners
  • Penn Engineering & Manufacturing
  • Rahul Fasteners & Fittings
  • Raptor Nails & Staples
  • Reliable Polymer Industries
  • SA Bolt Manufacturers
  • Schaaf-GmbH
  • Shanghai Jianxin Hardware Co., Ltd.
  • Sure FAS
  • Sternly Black & Decker
  • Tianjin Fine Fasteners Co., Ltd
  • Vöhrs GmbH & Co. KG
  • Wilhelm Bollhoff GmbH & Co. KG

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Sales Analysis of Industrial Fasteners (2017-2021) Vs. Market Forecasts (2022-2032)

Industrial fasteners generally refer to top-quality fastening products that act as glue to hold various parts firmly together in different industries. Various industries ranging from transportation and construction to aerospace require fasteners. Governments across the world are spending heavily on building and updating their aerospace & defense facilities.

  • For instance, the Indian Government is expected to invest US$ 70 billion by 2030 for the development of the aerospace & defense industry in the country.

Extensive use of fasteners in sectors such as automobiles and construction has pushed manufacturers to produce appropriately coated, hybrid, and lightweight industrial fasteners. Factory-installed equipment plays a significant role in the primary shaping and assembly of vehicles in the automobile industry. The automotive industry has experienced steady demand from emerging markets. Large oil & gas producing nations such as Russia and the U.S. have been constantly undertaking the cyclical maintenance of their refineries to produce highly marketable oil & gas products.

  • Short Term (2022 Q2 to 2025): Growing transportation, power generation, and automobile industries will positively impact industrial fasteners market growth.
  • Medium Term (2025-2028): China and the U.S. are projected to witness comparatively higher demand for industrial fasteners due to their large construction and automobile industries.
  • Long Term (2028-2032): Automation, as a result of Industry 4.0, will lead to some modifications in fasteners so that they can be adapted to end-use industries. Upgraded features such as compact size, vast work envelopes, high speed, accuracy, and ability to tolerate a variety of situations will boost the sales of industrial fasteners.

From 2017 to 2021, the global market for industrial fasteners registered a CAGR of 2.1%. Fact.MR, a market research and competitive intelligence provider, predicts that the market will exhibit growth at 5.1% CAGR between 2022 and 2032.

Industrial fasteners market forecast by Fact.MR

Market share analysis of industrial fasteners based on application and region. Under the application segment, transportation dominates the demand pie with 22.4% market share.

Why is the Need for Industrial Fasteners Increasing Across Regions?

“Rising Demand from Building & Construction Industry in Post-Pandemic Era”

The construction market’s development would be aided by rising demand for commercial and residential housing projects, as well as rising government spending on infrastructure projects. Building and construction fasteners are used to join materials together in heavy-duty applications, as the industry demands strength and precision.

The numerous types of fastenings utilized in the construction industry are stainless steel, alloy steel, and carbon steel. Nuts, bolts, washers, screws, and rivets are examples of common construction and building products. To ensure safe and durable construction, each infrastructure project requires different types of fastening materials. Various construction projects are going on in countries such as China, Japan, Saudi Arabia, the U.S, and many others.

Steel and stainless steel are used to make a majority of products due to their various advantages. Owing to the aforementioned factors, escalating demand for industrial fasteners from the building & construction industry is poised to keep the market growing and ever-ready for newer market challenges in the future.

“Rising Focus on Customized Products”

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

Additionally, market players have been diversifying their product portfolios by adopting various strategies such as product launches, acquisitions, and product line extensions to improve their overall offerings for diverse end-use industries such as power generation, petrochemical, transportation, mining, aerospace & defense, construction, and agriculture. These end users require specialized fasteners suited to different lengths, varying temperatures, and working environments, which is where customization comes in handy.

This customization is being offered in line with all international certifications and quality standards being followed to deliver the highest quality products suited to clients’ requirements.

More Insights, Lesser Cost (-50% off)

Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR

What is a Roadblock for Industrial Fastener Manufacturers?

“Availability of Fasteners Made from Different Materials”

Fasteners are made up of a plethora of materials, including stainless steel, aluminium, titanium, and other specialty polymers & materials as per specific requirements. Besides, titanium has been constantly replacing steel fasteners for specialized applications in aerospace and military applications owing to its high strength-to-weight ratio.

However, the high cost of titanium fasteners in custom manufacturing processes inevitably pushes steel fastener usage alongside titanium ones. However, plastic fasteners manufactured by NIFCO have been a key factor inhibiting the market growth of steel fasteners owing to various applications that plastic fasteners serve at a much lower cost.

Also, in bonding applications, an increase in the use of tapes and adhesives to replace metal fasteners may limit the market growth of industrial fasteners. Besides, the introduction of alternatives such as welding and car component clinching has hampered the market to some extent.

Country-wise Insights

Why is China a Prominent Market for Industrial Fasteners?

Over the past few years, steel production in China has increased at a rapid rate as a result of urbanization and industrialization. China became the first nation to manufacture more than one billion tons in 2020, which accounted for around 57% of the total steel production in the world. Additionally, China produces more than half of the world's alumina, with a portion of that going into manufacturing processes in end-use industries such as aerospace & defense, automotive, and petrochemicals.

In 2021, China sold 26.2 million units of automobiles. This makes it one of the biggest markets in the automobile industry, which, in turn, makes it a major market for industrial fasteners used in the production of these vehicles.

China provides incentives to manufacturers for upgrading and improving EV (electric vehicle) infrastructure in the country. Therefore, the sales of aluminum fastners will surge as they are mostly used in EVs.

Owing to all the above factors, the market in China is anticipated to expand at a CAGR of 6% from 2022 to 2032.

Will Increasing Industrialization in the U.S. Drive Industrial Fastener Demand?

As of 2022, the U.S. accounts for around 82% share of the market in North America, continuing its status as one of the leading nations for industrial fasteners. This is due to the U.S. continuing to play a significant role in the growth of the power generation, construction, and automotive industries.

Several automobile producers such as Toyota Motor Corporation, Ford Motor Company, BMW, and others have established facilities to meet the increased demand for modified, newer cars as a result of changes in CAFÉ (Corporate Average Fuel Economy) rules. The U.S. is the world's largest aircraft manufacturer, using a vast array of industrial fasteners, both, in the production of complex equipment and the repair of older equipment.

Industrial fasteners are also heavily used in construction vehicles or heavy-duty machines. NFL's Buffalo Bills Stadium, USA/Mexico Border Wall, and others are some of the major construction projects in the U.S. Due to the aforementioned factors, the U.S. is anticipated to continue to be the global center of market growth.

Category-wise Insights

Why are Stainless Steel-based Industrial Fasteners Gaining Prominence?

Stainless steel is without doubt the most widely used fastener material in the world. Stainless steel stands out as a distinctive and durable material based on its qualities. While corrosion-resistant steel alloys are generally referred to as stainless steel, even minute changes in the composition of alloy can significantly change the component's mechanical, electrical, and chemical properties.

Among the elements present in stainless steel alloys are chromium, nickel, and iron. The ability of stainless steel to resist corrosion is its most alluring quality. Due to their excellent endurance even in extreme temperatures, stainless steel fasteners can be used in severe environments and even underwater.

The thin chromium oxide film that protects the fastener's outer layer fights oxidation. The demand for stainless steel fasteners is anticipated to rise at a CAGR of 5.5% during the forecast period.

Why is Power Generation & Transmission Leading the Sales of Industrial Fasteners?

Power generation and transmission applications are the most attractive segments and are estimated to hold a market share of 19.6% in 2022.

Offshore projects need to operate underwater, and so they need to offer a high level of corrosion resistance, resistance to temperature changes, and long service life in high-salinity environments. Also, countries are continuously moving towards renewable power generation and are relying on offshore wind turbines for power generation. As a result, fasteners are required to place the parts intact without causing any damage.

Additionally, upstream and downstream activities in oil production and drilling operations require reliable fasteners that provide operational flexibility in high-salinity environments. Manufacturers are well aware of this and are constantly innovating to introduce industrial fasteners that not only enhance existing structural features but also solve problems of previous products. Such actions will keep the industry competitive and lay the foundation for future market growth.

Competitive Landscape

Prominent industrial fastener manufacturers are Acument Global Technologies (Fontana Gruppo), AF Fastener, Birmingham Fastener, Delta Fastener Corp., De Walt, Eurofast, Elgin Fastener Group, Extreme Bolt & Fastener, Ford Fasteners, Inc., HILTI, Impalabolt, ITW, American Fastener Technologies Corporation, Johns Manville, KD FASTENERS, INC., LISI Group, Midwest Fastener Corp, Ningbo Qunli Fastener Manufacture Co., Ltd., American Bolt & Screw, Nobel Precision Metal Co., Ltd., Ocean State Stainless, Inc, PCC Fasteners, Penn Engineering & Manufacturing, Raptor Nails & Staples, Reliable Polymer Industries, SA Bolt Manufacturers, SUNO GROUP LIMITED, Sure FAS, Sternly Black & Decker, Tianjin Fine Fasteners Co., Ltd, Schaaf-GmbH, Shanghai Jianxin Hardware Co., Ltd., Vöhrs GmbH & Co. KG, and Wilhelm Bollhoff GmbH & Co. KG.

Leading market players are constantly channelizing their resources to develop automated and smart industrial fasteners to pave the way for higher sales across end-use sectors. Companies are setting up integrated sales channels to limit the number of stakeholders across the supply chain and generate higher profit margins.

  • In 2020, Stanley Black and Decker partnered with OEMs and many other suppliers to enhance the supply chain of its products.
  • In June 2021, Greeknote, a leading manufacturer of anti-corrosion coatings, introduced advanced G5K, which provides coating performance for at least 5,000 hours.

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

Segmentation of Industrial Fasteners Industry Research

  • By Material :

    • Metal
      • Steel
      • Stainless Steel
      • Alloy Steel
      • Copper & its Alloys
      • Aluminum
      • Titanium
      • Nickel & its Alloys
      • Others
    • Polymer
  • 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
      • Elevator Bolts
      • HR Bolts
      • HV Bolts
      • Others
    • Washers
      • Lock Washers
      • Structural Washers
      • Others
    • Anchors
    • Dowel Pins
  • By Application :

    • Chemical Industry
      • Heat Exchangers
      • Exhaust Systems
      • Tanks and Vessels
      • Processing Equipment
    • Petrochemical Industry
      • High Pressure Pumps & Vessels
      • Pumping Stations
      • Metering Pumps
      • Others
    • Transportation
      • Railways
        • Trains
        • Infrastructure
      • Marine
        • Decks
        • Tanks
        • Ramps
        • Bulkheads
        • Others
      • Automotive
    • Power Generation & Transmission
      • Renewable
        • Onshore
          • Electrical Equipment
          • Turbines
          • Motors
          • Exhaust Systems
          • Pumping Systems
          • Storage Vessels
        • Offshore
      • Non-renewable
    • Construction
      • Precious Metal Mining
      • Industrial Metal Mining
    • Mining
    • Agriculture
    • Aerospace & Defense
    • Others
  • By Sales Channel :

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

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

- FAQs -

The global industrial fasteners market is valued at US$ 102.8 billion in 2022.

Between 2017 and 2021, sales of industrial fasteners increased at 2.1% CAGR.

Worldwide demand for industrial fasteners is anticipated to reach US$ 168.7 billion by 2032-end.

Europe leads the global industrial fasteners market accounting for 26.9% market share in 2022.

Bolts industrial fasteners accounted for 19.4% market share at the end of 2021.

Industrial Fasteners Market

Schedule a Call

We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic.

By clicking "Accept All", you consent to our use of cookies. Privacy Policy