Industrial Fasteners Market worth $104.12 billion by 2029, at a CAGR of 3.5%, says MarketsandMarkets™

/EIN News/ -- Delray Beach, FL, April 01, 2025 (GLOBE NEWSWIRE) -- The Industrial Fasteners Market is approximated to be USD 90.57 billion in 2025, and it is projected to reach USD 104.12 billion by 2029 at a CAGR of 3.5%, as per the recent study by MarketsandMarkets™. Industrial fasteners are some of the irreplaceable parts used as followers to secure materials in the manufacturing, construction, and engineering world. Fasteners such as bolts, screws, nuts, and rivets are made with strength and durability in mind, hence possessing strength properties of stainless steel and alloys. They endure mechanical and environmental stress. Stability of machinery, buildings, and vehicles is determined by how well fasteners provide service to these machines.

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Browse in-depth TOC on “Industrial Fasteners Market”

330 - Market Data Tables
62 – Figures
327 - Pages

List of Key Players in Industrial Fasteners Market:

1. Illinois Tool Works Inc. (US)
2. Stanley Black & Decker, Inc. (US)
3. SFS AG (Switzerland)
4. Lisi Group (France)
5. Bilten AB (Sweden)
6. Kowlner Rawlplug IP (Poland)
7. FONTANA GRUPPO (Italy)
8. Birmingham Fasteners and Supply Inc. (US)
9. MW Industries (US)
10. Hilti Group (Liechtenstein) 

Drivers, Opportunities and Challenges in Industrial Fasteners Market:

1. Drivers: Increasing Demand for Fasteners from Automotive Sector
2. Restraint: Fluctuating Raw Material Prices
3. Opportunity: Rapid Urbanization in Africa and Asia
4. Challenge: Counterfeiting and Quality Issues

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Key Findings of the Study:

1. By Type, screws segment accounted for the largest market share in 2024
2. By Application, Automotive segment accounted for the largest share in 2024
3. Asia Pacific accounted for the largest share of the industrial fasteners Market in 2024

The industrial fasteners market is segmented by raw materials, which includes metal, and plastic. Metal fasteners, which comprise stainless steel, carbon steel, and aluminum, are used in most applications because of high tensile strength and extreme conditions resistance. They are used extensively in construction, automotive and heavy machinery industries. On the other hand, plastic fasteners which are materials like nylon and polypropylene, serve more for applications where weight is major, corrosion resistance is required, or some type of electrical insulation or chemical resistance is necessary. These are very commonly used in the electronics, aerospace, and medical fields. The material selection depends upon the load requirement, environmental conditions, and industry specification to ensure optimal performance and reliability in various applications.

The industrial fasteners market is segmented by type, which includes bolts, screws, nuts, washers, rivets, and others. Bolts and screws have numerous applications to create strong, rigid joints in construction, automotive, and machinery applications. Nuts complement the stable fastening mechanism of a bolt. Load distribution is also taken care of, and damages to surfaces are prevented with the help of washers. Rivets are used for permanent fastening and are very commonly used in aerospace, automotive, and structural applications. Other fasteners, such as anchors and clips, serve specific purposes based on industry requirements. The selection of fasteners depends on load-bearing capacity, environmental conditions, and material compatibility for reliability and durability in a variety of industrial applications.

Industrial fasteners are further segmented by product, namely externally threaded, internally threaded , non threaded and aerospace grade. Externally threaded fasteners, which include bolts and screws, are threaded on the outside for firm tightening and are very common in construction, automotive, and machinery. Internally threaded fasteners include nuts and inserts that have inner threads to receive outer threading parts. Non-threaded fasteners, such as rivets and pins, provide permanent or semi-permanent connections, usually applied in structural and high-vibration environments. Aerospace-grade fasteners are designed to withstand the stringent requirements of safety, strength, and durability in aviation and aerospace. Each type caters to industrial needs, which ensures secure and reliable connections for different applications.

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The industrial fasteners market is segmented by application, which Aerospace, automotive, building & construction, industrial machinery, home appliances, lawns & gardens, motor & pumps, furniture, plumbing products, renewable energy, silo and other applications. Aerospace fasteners are engineered to perform well and safely. Automotive fasteners are manufactured for the durability and strength of a vehicle. Fasteners are applied in construction for building and infrastructural structural integrity. Fasteners are applied in industrial machinery for strengthening the assembly and its operations. Fasteners support functional and aesthetic purposes of home appliances, furniture, and plumbing products. Specialized fasteners for renewable energy systems, lawn and garden equipment, motors and pumps, and storage silos also exist. Each application needs specific fasteners that are tailored to environmental conditions, load-bearing capacity, and industry regulations, thus ensuring reliability and efficiency.

The industrial fasteners market is segmented based on sales channel which includes direct and indirect sales channels. Direct sales refer to the sales of fasteners directly from the manufacturer to the end user. Such industries include aerospace, automotive, and construction. This channel guarantees a large-scale purchase, economies of scale, and solutions that can be customized to fit specific industry needs. The sales made by the distributors, wholesalers, and retailers supplying fasteners to a large variety of industrial and commercial houses and consumers can be classified as indirect sales. This type of channel covers a wider area of the market, provides diversity in product ranges, and provides access to smaller buyers. It depends on the volume of the orders, customers' preferences, and effectiveness in supply chain management that can ensure proper distribution and availability throughout various sectors.

The industrial fasteners market is studied in five regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and South America. Amongst them, Asia Pacific is the largest consumer where the rate of industrialization and infrastructural developments and booming automobile and manufacturing sectors are creating massive opportunities in the market in China, India, and Japan. The markets in Europe and North America also account for considerable market share, thanks to well-developed engineering industries with huge demand for precision fasteners. In Middle East & Africa and South America, the growth has been relatively stable because of the increases in infrastructural and industrial developments. In general, market dynamics and opportunities for fastener manufacturers vary with differences in economic development, industrial activities, and governmental regulations.

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