June 23, 2024

Industrial Fasteners Market Size To Cross USD 153 Bn By 2032

The global industrial fasteners market size accounted for US$ 94.2 Bn in 2022 and is projected to reach around USD 153 Bn by 2032, growing at a CAGR of 4.97% from 2023 to 2032.

Industrial Fasteners Market Size 2023 To 2032

Key Takeaways:

  • Asia Pacific dominated the market and contributed more than 44% of revenue share in 2022.
  • North America region generated more than 25% of revenue share in 2022.
  • By raw materials, the metal fasteners segment dominated the market with the largest market share of 92.50% in 2022.
  • By raw materials, the plastic fasteners segment is expected to expand at a fastest CAGR of 5.73% between 2023 and 2032.
  • By product, the externally threaded fasteners segment dominated the market with the largest revenue share of 49% in 2022.
  • By product, the non-thread fasteners segment is estimated to grow at 4.5% between 2023 and 2032.
  • By application, the automotive segment accounted for the largest market share of 32% in 2022.

Report Summary

The global industrial fasteners market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the industrial fasteners market across the globe.

A comprehensive estimate on the industrial fasteners market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of industrial fasteners during the forecast period. Price point comparison by region with global average price is also considered in the study.

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Industrial Fasteners Market  Report Scope

Report CoverageDetails
Market Size in 2023USD 98.88 Billion
Market Size by 2032USD 153 Billion
Growth Rate from 2023 to 2032CAGR of 4.97%
Largest MarketAsia Pacific
Base Year2022
Forecast Period2023 to 2032
Segments CoveredBy Raw Material, By Product, and By Application
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized industrial fasteners market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

Market Segments:

Product:

In 2022, externally threaded fasteners held the highest revenue share market. Among them, bolts and screws were the most widely employed types, with bolts dominating the market due to their diverse range and extensive application possibilities.

Non-threaded fasteners accounted for the second largest revenue share, The construction industry’s increasing demand for non-threaded fasteners in applications such as subflooring, decking, and roofing is anticipated to positively influence growth during this period.

Internally threaded fasteners also commanded a substantial share of the market. Stainless steel emerged as the most prevalent material used in manufacturing these industrial fasteners. Additionally, brass, alloy steel, and aluminum were employed for making these fasteners. The introduction of innovative designs for internally threaded fasteners, offering improved performance, high impact resistance, and enhanced vibration resistance, is projected to positively impact the market’s growth.

In 2022, the automotive segment held the largest revenue share of 30.2%, and it is anticipated to maintain steady growth with a Compound Annual Growth Rate (CAGR) of 3.8% throughout the forecast period. The growth in this segment is primarily driven by the high production volumes of automotive vehicles, particularly in the Asia Pacific region.

Application:

The automotive industry relies heavily on fasteners, which come in various types, sizes, and shapes, such as nuts, bolts, screws, rivets, studs, bits, anchors, and panel fasteners. Metal fasteners have traditionally dominated this sector and are expected to continue their dominance in the foreseeable future.

In the global industrial fasteners market, aerospace is a significant application segment, consuming substantial quantities of prime-grade fasteners. The aerospace industry stands out as a crucial market for industrial fasteners due to the significantly higher quantity required in the manufacturing of aircraft, surpassing other applications like automotive, industrial machinery, and railways.

The industry is expected to witness a positive impact on its growth during the projected period, driven by increasing investments in commercial constructions, such as hotels, hospitals, and educational institutes, especially in various regions.

This surge in demand can be attributed to the rapid growth of heavy machine-driven industries, including textiles, food & beverage, and chemicals. As these industries expand, the demand for industrial machinery will rise, consequently driving the need for industrial fasteners in the years ahead.

Also Read: Generative AI in Industrial Design Market Size Analysis 2023 To 2032

Industrial Fasteners Market Players

The report includes the profiles of key industrial fasteners market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Major companies operating in this area

  • Arconic Fastening Systems and Rings
  • Acument Global Technologies, In
  • ATF, Inc.
  • Dokka Fasteners A S
  • LISI Group – Link Solutions for Industry
  • Nippon Industrial Fasteners Company (Nifco)
  • Hilti Corporation
  • MW Industries, Inc.
  • Birmingham Fasteners and Supply, Inc.
  • SESCO Industries, Inc.

Market Segmentation

By Raw Material

  • Metal Fasteners
  • Plastic Fasteners

By Product

  • Externally Threaded Fasteners
  • Internally Threaded Fasteners
  • Non-threaded Threaded Fasteners
  • Aerospace Grade Fasteners

By Application

  • Automotive
  • Aerospace
  • Building & Construction
  • Industrial Machinery
  • Home Appliances
  • Lawns And Gardens
  • Motors And Pumps
  • Furniture
  • Plumbing Products
  • Others

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Industrial Fasteners Market 

5.1. COVID-19 Landscape: Industrial Fasteners Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Industrial Fasteners Market, By Raw Material

8.1. Industrial Fasteners Market Revenue and Volume, by Raw Material, 2023-2032

8.1.1 Metal Fasteners

8.1.1.1. Market Revenue and Volume Forecast (2020-2032)

8.1.2. Plastic Fasteners

8.1.2.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 9. Global Industrial Fasteners Market, By Product

9.1. Industrial Fasteners Market Revenue and Volume, by Product, 2023-2032

9.1.1. Externally Threaded Fasteners

9.1.1.1. Market Revenue and Volume Forecast (2020-2032)

9.1.2. Internally Threaded Fasteners

9.1.2.1. Market Revenue and Volume Forecast (2020-2032)

9.1.3. Non-threaded Threaded Fasteners

9.1.3.1. Market Revenue and Volume Forecast (2020-2032)

9.1.4. Aerospace Grade Fasteners

9.1.4.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 10. Global Industrial Fasteners Market, By Application 

10.1. Industrial Fasteners Market Revenue and Volume, by Application, 2023-2032

10.1.1. Automotive

10.1.1.1. Market Revenue and Volume Forecast (2020-2032)

10.1.2. Aerospace

10.1.2.1. Market Revenue and Volume Forecast (2020-2032)

10.1.3. Building & Construction

10.1.3.1. Market Revenue and Volume Forecast (2020-2032)

10.1.4. Industrial Machinery

10.1.4.1. Market Revenue and Volume Forecast (2020-2032)

10.1.5. Home Appliances

10.1.5.1. Market Revenue and Volume Forecast (2020-2032)

10.1.6. Lawns And Gardens

10.1.6.1. Market Revenue and Volume Forecast (2020-2032)

10.1.7. Motors And Pumps

10.1.7.1. Market Revenue and Volume Forecast (2020-2032)

10.1.8. Furniture

10.1.8.1. Market Revenue and Volume Forecast (2020-2032)

10.1.9. Plumbing Products

10.1.9.1. Market Revenue and Volume Forecast (2020-2032)

10.1.10. Others

10.1.10.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 11. Global Industrial Fasteners Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.1.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.1.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.1.4.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.1.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.1.5.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.1.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.2.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.2.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.2.4.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.2.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.2.5.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.2.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.2.6.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.2.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.2.7.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.2.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.3.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.3.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.3.4.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.3.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.3.5.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.3.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.3.6.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.3.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.3.7.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.3.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.4.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.4.4.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.4.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.4.5.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.4.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.4.6.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.4.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.4.7.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.4.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.5.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.5.4.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.5.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)

11.5.5.2. Market Revenue and Volume Forecast, by Product (2020-2032)

11.5.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

Chapter 12. Company Profiles

12.1. Arconic Fastening Systems and Rings

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Acument Global Technologies, In

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. ATF, Inc.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Dokka Fasteners A S

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. LISI Group – Link Solutions for Industry

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Nippon Industrial Fasteners Company (Nifco)

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Hilti Corporation

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. MW Industries, Inc.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Birmingham Fasteners and Supply, Inc.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. SESCO Industries, Inc.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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