by 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.
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 Coverage | Details |
| Market Size in 2023 | USD 98.88 Billion |
| Market Size by 2032 | USD 153 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 4.97% |
| Largest Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Raw Material, By Product, and By Application |
| Regions Covered | North 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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