Industrial Fasteners Market Size & Share, by Product Type (Non-Threaded, Internally Threaded, Externally Threaded, Aerospace Grade); Material Type (Metals, Plastics); Industry (Automotive, Aerospace, Food Processing, Construction, Marine & Offshore, Power Generation, Nuclear Power Plants, Oil & Gas, Home Appliances, Paper & Pulp Processing) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4430
  • Published Date: Aug 18, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Industrial Fasteners Market size is expected to cross USD 132 Billion by the end of 2035, growing at a CAGR of 5.2% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of industrial fasteners was around USD 80 Billion. The growing global production of manufactured goods can be primarily a reason for the industry growth. Thanks to their huge advantages, industrial fasteners are a key component in the production of industry. This is leading to promising growth opportunities for a market size, as the rate of industrial output increases. As an example, by 2021, there will be a rise of 8 % in the production of products within the EU compared to 2020, reaching 108%.

With the increased production of motor vehicles, it is anticipated that key players operating in the global market will have enormous revenue generation opportunities over the forecast period because of a growing demand for fasteners from vehicle manufacturers. Based on the information provided by the International Association of Vehicle Manufacturers OICA, vehicle production increased over the past few years and reached about 80 million cars in 2021 as compared to an approximate 77 million vehicles in 2020.

Industrial Fasteners Market
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Industrial Fasteners Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising Medical Device Manufacturing Industry- The rapidly growing medical devices industry is also experiencing an increase in demand for fasteners. All monitoring equipment, including respiratory inhaler devices and ventilators, has to be assembled in very specific quantities with fasteners included. In the coming years, increasing production of medical equipment around the world is expected to give a boost to the market for fasteners. A 13% increase in China's medical device manufacturing industry revenue to 29 billion US dollars by 2021 has been found.
  • Upsurge in the Consumption of Energy- It is estimated that by 2040 the world's energy consumption will exceed 720 million terajoules and drive the power production capacity of different generation units.
  • Increasing Production of Chemical Industry- As a result of increasing demand from its major end users, the chemical industry is anticipated to grow. 


  • The Emergence of Other Substitutes for Industrial Fasteners- Other substitutes for industrial fasteners have become available as a result of rapid industrialization. The most frequently used alternatives for industrial adhesives applied in the construction process are adhesives and sealants. Nevertheless, the growth of the market is likely to be impeded by the easy availability of cost-efficient alternatives.
  • Challenges of Specifications
  • Possibility of Failure will Occur Due to Vibration, Shock or Other Environment Factors.

Industrial Fasteners Market: Key Insights

Base Year


Forecast Year



~ 5.2%

Base Year Market Size (2022)

 ~ USD 80 Billion

Forecast Year Market Size (2035)

 ~ USD 132 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Industrial Fasteners Segmentation

Material Type (Metals, Plastics)

The metals segment in the industrial fasteners market is attributed to holding the largest share of 58% by the end of 2035. This can be propelled by the increase in freight train traffic throughout the world, because of its improved resistance and mechanical strength which are employed on railway networks. For example, from 1 bn tons in 2017, the world's freight traffic is projected to increase to 3 bn tons by 2030.

Industry (Automotive, Aerospace, Food Processing, Construction, Marine & Offshore, Power Generation, Nuclear Power Plants, Oil & Gas, Home Appliances, Paper & Pulp Processing)

The automotive segment is projected to hold the most significant share of 39% by the end of the forecast period. In the production of passenger cars, car manufacturers prefer to use industrial fasteners which are made from solid steel, iron, nickel, aluminum, plastic, and brass. Also, a key factor that has contributed to segment growth and revenue generation is the increase in the production of motor vehicles as well as increasing use of electronics in automobiles coupled with greater emphasis on producing lighter vehicles.

Our in-depth analysis of the global industrial fasteners market includes the following segments:

Product Type

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

Material Type

  • Metals
  • Plastics


  • Automotive
  • Aerospace
  • Food Processing
  • Construction
  • Marine & Offshore
  • Power Generation
  • Nuclear Power Plants
  • Oil & Gas
  • Home Appliances
  • Paper & Pulp Processing

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Industrial Fasteners Industry - Regional Synopsis

APAC Market Forecast

In the Asia Pacific industrial fasteners market is projected to hold the largest revenue share of 38% by the end of 2035. The presence of a strong manufacturing network in the region, increased production of industrial fasteners as well as an increasing export of these fasteners has contributed to this growth in the region. Moreover, from January to September 2021, China exported 3.5 million tonnes of fasteners, up by 19.5% compared with the same period last year. The expansion of industries such as automobiles, industry machinery, electronics, and building is projected to increase the demand for fasteners in a variety of applications based on emerging trends in the Asia Pacific region's economy.

North American Market Statistics

The North America region is projected to hold a 25% of the global industrial fasteners market share during the forecast period. One of the main factors for market growth in North America is considered to be its high rate of industrial fasteners consumption, given that this region has an extensive manufacturing base. In addition, the use of automobile fasteners is expected to have a positive impact on industrial fasteners sales over the next few years due to increased demand for electric vehicles, and trucks in the United States.

Research Nester
Industrial Fasteners Market Size
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Companies Dominating the Industrial Fasteners Landscape

    • Birmingham Fastener & Supply Company, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Hilti AG
    • Acumen Global Technologies, Inc.
    • Nifco UK Limited
    • Arconic Corporation
    • ATF Inc.
    • Sesco Industries, Inc.
    • Rockford Fastener, Inc.
    • Elgin Fastener Group
    • Decker Industries corporation


In The News

  • Hilti AG announced a strategic partnership with Trackunit to advance digital transformation in the construction industry. The focus is to bring global scale to the tool and equipment connectivity domain.
  • Birmingham Fastener & Supply Company, Inc.  announced the acquisition of Steel City Bolt. With this acquisition, the business enterprise is expected continue to double down on domestic production and provide clients with a domestic solution to any fastener requirement they have.

Author Credits:  Mohd Shadab, Yashika Karodiwal

  • Report ID: 4430
  • Published Date: Aug 18, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing industrial production as well as rising demand for industrial fasteners in various industries such as automobiles, chemical processing, and other are some of the major factors anticipated to drive the growth of the market.

The market size of industrial fasteners is anticipated to attain a CAGR of 5.2% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Hilti AG, Acumen Global Technologies, Inc., Nifco UK Limited, Arconic Corporation, ATF Inc., Sesco Industries, Inc., Rockford Fastener, Inc., Elgin Fastener Group, Decker Industries Corporation, and others.

The metal segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Industrial Fasteners Market Report Scope

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