Add 2 More Reports For 20% off

Report Overview

The global industrial fasteners market attained a value of nearly USD 89.63 Billion in 2023. The market is further expected to grow at a CAGR of 4.10% during the forecast period of 2024-2032 to reach a value of USD 128.68 Billion by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Industrial Fasteners Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 89.63
Market Size 2032 USD Billion 128.68
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 4.1%
CAGR 2024-2032 - Market by Region Asia Pacific 4.7%
CAGR 2024-2032 - Market by Country India 5.4%
CAGR 2024-2032 - Market by Country China 4.5%
CAGR 2024-2032 - Market by Raw Material Metal 4.4%
CAGR 2024-2032 - Market by Product Aerospace Grade 5.3%
Market Share by Country 2023 Germany 4.6%

images industrial fasteners market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Trends in the Market

Industrial fasteners is an umbrella term referring to instruments and devices which are used to join parts together in a temporary, permanent, or semi-permanent way. These types of equipment are used in various industrial machineries such as robots and electric motors, as well as household appliances such as refrigerators. They can connect various types of raw materials in different ways.

  • The global market for industrial fasteners is being driven by the heightened application of these fasteners across various industrial sectors to manufacture strong and durable components for long-term use.
  • The rising demand for metal fasteners in the automotive sector to produce premium-grade automobiles is further propelling the fastener industry statistics. Over the forecast period, the increasing adoption of electric passenger vehicles is expected to fuel the automotive industry, which in turn is anticipated to boost the incorporation of industrial fasteners.
  • The growing research and development expenditure in the aerospace sector, with advancements in lightweight and aerodynamic aircrafts is increasing the demand for secure that reliable industrial fasteners. Increasing travel at a global level, for tourism and cargo purposes, is expected to bolster the industrial fasteners market outlook in the forecast period.

Market Analysis

industrial fasteners market by segments

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Based on raw material, the market can be segmented into plastic and metal. On the basis of product, the market can be classified into externally threaded, internally threaded, aerospace grade, and non-threaded. By application, the market can be divided into aerospace, automotive, building and construction, industrial machinery, home appliances, lawns and gardens, motors and pumps, and furniture, among others. The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.  

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global industrial fastener market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

  • Howmet Aerospace Inc.
  • Nifco Inc.
  • LISI Group
  • MW Industries, Inc. (MWI)
  • Elgin Fastener Group
  • Others

Market Share by Raw Material

Based on raw material, the plastic segment accounts for a significant share in the industrial fastener market size because of the superior properties offered by the product. Plastics are resistant to rust and UV rays, are electrical insulators, and are extremely versatile and flexible. In addition, plastics are lightweight and cheaper than metal, which is further bolstering its application across various end use industries. 

Over the forecast period, the anticipated increase in demand for plastic fasteners for underwater projects and across electrical and electronics sectors are expected to bolster the segment’s growth. Metallic fillers are often used in plastic fasteners to improve the strength and stiffness of the fasteners. In this regard, the heightened demand for metals to make plastic-metal blends as raw materials for industrial fasteners, is likely to provide impetus to the world industrial fasteners market in the coming years.  

Market Share by Application

The building and construction segment, based on application, accounts for a healthy share of the market. Industrial fasteners are used to bind two or more construction components in order to keep the structure intact. The increasing demand for industrial fasteners such as screws, nuts, and bolts, in both interior and exterior parts of structures, is supporting the segment’s growth. 

In the coming years, the rapid increase in investments towards development of commercial and residential structures to cope with the escalating population across the emerging economies are likely to augment the industrial fasteners market growth. Meanwhile, the aerospace industry is also expected to register a healthy growth in the market due to the rising application of industrial fasteners in the manufacturing of commercial and military aircrafts. 

industrial fasteners market by region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

CAGR 2024-2032 - Market by Country
India 5.4%
China 4.5%
UK 3.7%
USA 3.6%
Italy 2.9%
Canada XX%
Germany XX%
France XX%
Japan 2.8%
Australia XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

Competitive Landscape

Howmet Aerospace Inc. is a leading innovator and designer of high-quality engineered solutions which cater to the demands of various industrial end-users. Howmet Aerospace Inc. manufactures high-grade fastening systems which are applied in automobiles and aircrafts. The company was founded in the year 1888 and is currently headquartered in Pennsylvania, United States. 

Nifco Inc. was established in the year 1967 to produce plastic fasteners, catering to the diverse demands from various end use sectors. The company is currently headquartered in Japan and is considered as one of the leading manufacturers of industrial plastic products, bedding, and furniture, among others. They support manufacturers in reducing weight and improving workability through their industrial fasteners. 

LISI Group is a one of the world’s leading manufacturers and sellers of industrial components and high value-added assemblies. The company caters to the demands of various end use industries including aerospace, medical, and automotive, among others. The company is headquartered in France and has around 42 industrial sites across 13 countries. 

Other market players include MW Industries, Inc. (MWI), and Elgin Fastener Group, among others.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Raw Material
  • Product
  • Application
  • Region
Breakup by Raw Material
  • Plastic
  • Metal
Breakup by Product
  • Externally Threaded
  • Internally Threaded
  • Aerospace Grade
  • Non-Threaded
Breakup by Application
  • Aerospace
  • Automotive
  • Building and Construction
  • Industrial Machinery
  • Home Appliances
  • Lawns and Gardens
  • Motors and Pumps
  • Furniture
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Howmet Aerospace Inc.
  • Nifco Inc.
  • LISI Group
  • MW Industries, Inc. (MWI)
  • Elgin Fastener Group
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!

Key Questions Answered in the Report

The market reached a value of more than USD 89.63 Billion in 2023.

The industrial fasteners market is estimated to grow at a CAGR of 4.10% in the forecast period of between 2024 and 2032. 

The heightened application of industrial fasteners to manufacture strong and durable industrial components and the thriving building and construction sector, are the major drivers of the market.

The key trends in the market include the growing research and development infrastructure across the aerospace sector and rising demand for metal fasteners in the automotive industry.

Plastic and metal are the primary raw materials in the market.

The significant applications of industrial fasteners include aerospace, automotive, building and construction, industrial machinery, home appliances, lawns and gardens, motors and pumps, and furniture, among others.

Screw fasteners considered to have high holding powers due to their threated shafts. 

Screws, nails, bolts, and anchors are some of the primary types of industrial fasteners.

The various industrial fastener products include externally threaded, internally threaded, aerospace grade, and non-threaded.

Howmet Aerospace Inc., Nifco Inc., LISI Group, MW Industries, Inc. (MWI), and Elgin Fastener Group, among others, are the key market players, according to the report.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 128.68 Billion by 2032.

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

We’re here to help answer any questions about our products and services.

Contact us

Our Offices


Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124