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Global Industrial Fasteners Market Share, Size, Growth, Analysis, Trends, Forecast: By Raw Material: Plastic, Metal; By Product: Externally Threaded, Internally Threaded, Aerospace Grade, Non-Threaded; By Application: Aerospace, Automotive, Others; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2024-2032
Global Industrial Fasteners Market Outlook
The global industrial fasteners market size attained a value of more than USD 89.63 billion in 2023. The market is further expected to grow at a CAGR of 4.1% between 2024 and 2032, driven by the heightened demand of industrial fasteners across various end use sectors.
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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
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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.
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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:
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| Breakup by Raw Material |
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Trade Data Analysis |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Application
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Industrial Fasteners Market Analysis
8.1 Key Industry Highlights
8.2 Global Industrial Fasteners Historical Market (2017-2021)
8.3 Global Industrial Fasteners Market Forecast (2022-2027)
8.4 Global Industrial Fasteners Market by Raw Material
8.4.1 Plastic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Metal
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Industrial Fasteners Market by Product
8.5.1 Externally Threaded
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Internally Threaded
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Aerospace Grade
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Non-Threaded
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.6 Global Industrial Fasteners Market by Application
8.6.1 Aerospace
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Automotive
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Building and Construction
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Industrial Machinery
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Home Appliances
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2017-2021)
8.6.5.3 Forecast Trend (2022-2027)
8.6.6 Lawns and Gardens
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2017-2021)
8.6.6.3 Forecast Trend (2022-2027)
8.6.7 Motors and Pumps
8.6.7.1 Market Share
8.6.7.2 Historical Trend (2017-2021)
8.6.7.3 Forecast Trend (2022-2027)
8.6.8 Furniture
8.6.8.1 Market Share
8.6.8.2 Historical Trend (2017-2021)
8.6.8.3 Forecast Trend (2022-2027)
8.6.9 Others
8.7 Global Industrial Fasteners Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code - 7318)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Howmet Aerospace Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Nifco Inc.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 LISI Group
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 MW Industries, Inc. (MWI)
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Elgin Fastener Group
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Industrial Fasteners Market: Key Industry Highlights, 2017 and 2027
2. Global Industrial Fasteners Historical Market: Breakup by Raw Material (USD Million), 2017-2021
3. Global Industrial Fasteners Market Forecast: Breakup by Raw Material (USD Million), 2022-2027
4. Global Industrial Fasteners Historical Market: Breakup by Product (USD Million), 2017-2021
5. Global Industrial Fasteners Market Forecast: Breakup by Product (USD Million), 2022-2027
6. Global Industrial Fasteners Historical Market: Breakup by Application (USD Million), 2017-2021
7. Global Industrial Fasteners Market Forecast: Breakup by Application (USD Million), 2022-2027
8. Global Industrial Fasteners Historical Market: Breakup by Region (USD Million), 2017-2021
9. Global Industrial Fasteners Market Forecast: Breakup by Region (USD Million), 2022-2027
10. North America Industrial Fasteners Historical Market: Breakup by Country (USD Million), 2017-2021
11. North America Industrial Fasteners Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Europe Industrial Fasteners Historical Market: Breakup by Country (USD Million), 2017-2021
13. Europe Industrial Fasteners Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Asia Pacific Industrial Fasteners Historical Market: Breakup by Country (USD Million), 2017-2021
15. Asia Pacific Industrial Fasteners Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Latin America Industrial Fasteners Historical Market: Breakup by Country (USD Million), 2017-2021
17. Latin America Industrial Fasteners Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Middle East and Africa Industrial Fasteners Historical Market: Breakup by Country (USD Million), 2017-2021
19. Middle East and Africa Industrial Fasteners Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Major Exporting Countries by Value
21. Major Importing Countries by Value
22. Major Exporting Countries by Volume
23. Major Importing Countries by Volume
24. North America Historical Price Trends and Forecast 2017-2027
25. Europe Historical Price Trends and Forecast 2017-2027
26. Asia Pacific Historical Price Trends and Forecast 2017-2027
27. Latin America Historical Price Trends and Forecast 2017-2027
28. Middle East and Africa Historical Price Trends and Forecast 2017-2027
29. Global Industrial Fasteners Market Structure
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 4.1% 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.
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