Industrial Fasteners Market Size to Hit US$ 144.4 Billion, Globally, by 2033 at 3.73% CAGR

Market Overview:

The industrial fasteners market market is experiencing rapid growth, driven by rising automotive demand, construction sector growth, and shift to plastic fasteners. According to IMARC Group's latest research publication, "Industrial Fasteners Market Report by Raw Materials (Metal, Plastic), Products (Externally Threaded Fasteners, Internally Threaded Fasteners, Non-Threaded Fasteners, Aerospace Grade Fasteners), Type (Bolts, Nuts, Screws, Washers, Rivets, and Others), Application (Automotive, Aerospace, Building and Construction, Industrial Machinery, Home Appliances, Lawns and Gardens, Motors and Pumps, Furniture, Plumbing Products, and Others), and Region 2025-2033", The global industrial fasteners market size reached USD 102.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 144.4 Billion by 2033, exhibiting a growth rate (CAGR) of 3.73% during 2025-2033.

This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.

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Our report includes:

• Market Dynamics
• Market Trends and Market Outlook
• Competitive Analysis
• Industry Segmentation
• Strategic Recommendations

Factors Affecting the Growth of the Industrial Fasteners Industry:

• Rising Automotive Demand

The industrial fasteners market is meaningfully impacted by the automotive industry, and will continue to be driven by worldwide production of vehicles and the migration to electric vehicles (EVs). Fasteners such as bolts, screws, and rivets are essential in structuring engines, structural frames, battery housing, and other vehicle parts for structural integrity of a vehicle. With further global interest in lightweight vehicles, the specialized fasteners will continue to develop from materials such as aluminum and plastics, with high-strength materials coming from heavy fast embedment for secure fastening. New automotive markets like India and China with stronger automotive entities will also require more fasteners. Faster bolt design with sensors integrated into the fastener build reliability and safety, are important while the industry is focused on performance and efficiency.

• Construction Sector Growth

The factors that propel industrial fasteners market globally include rapid urbanization and infrastructure development. Fasteners are used in construction to hold structural components in place - fastening all structural components of a building, bridge, or road together. Fasteners such as steel bolts and nuts maintain strength and corrosion resistance and are used in many residential or commercial construction projects developing throughout the world, especially in the Asia-Pacific region. Increasing connections made by prefabricated and modular buildings that are assembled with precision-engineered fasteners means that fastener demand will likely continue to be high. Government investments in infrastructure projects, such as the Smart Cities Mission in India, have created a market opportunity for fastener manufacturers to supply standardized and quality products for heavy duty applications.

• Shift to Plastic Fasteners

In the industrial fastener market, there is a shift towards plastic fasteners because they are lightweight, corrosion resistant, and less expensive than conventional fasteners. Industries, such as automotive, aerospace, and electronics, are using an increasing amount of plastic fasteners to decrease the weight of vehicles and equipment, all while improving fuel efficiency and performance. The advances in material science allow for new innovative fasteners, especially hybrid fasteners that use metal and plastic together to suit the required application. For example, some aerospace applications require fasteners with UV resistance. The trend towards using plastic fasteners coincides with sustainability goals, considering manufacturers have a burgeoning market for eco-friendly fasteners made from recycled materials. The fastener market is moving towards new materials and diversity of materials, and we can only assume that producers will continue to remove as much of the carbon footprint from a fastener as possible and still satisfy the demands from the industry's more rigorous material characteristics, such as durability, reliability, and performance for multiple applications.

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Leading Companies Operating in the Industrial Fasteners Industry:

• Acument Global Technologies Inc.
• ATF Inc.
• Hilti Corporation
• Howmet Aerospace Inc.
• Kova Fasteners Private Limited
• LISI SA
• MacLean-Fogg Company
• MISUMI Group Inc.
• MW Industries Inc.
• Nifco Inc.
• Precision Castparts Corp.
• SFS Group AG
• Stanley Black & Decker Inc.

Industrial Fasteners Market Report Segmentation:

By Raw Materials:

• Metal
• Plastic

By Products:

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

By type:

• Bolts
• Nuts
• Screws
• Washers
• Rivets
• Others

By Application:

• Automotive
• Aerospace
• Building and Construction
• Industrial Machinery
• Home Appliances
• Lawns and Gardens
• Motors and Pumps
• Furniture
• Plumbing Products
• Others

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

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Research Methodology:

The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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