India Fasteners Market Size, Share, Industry Growth, Top Manufacturers and Forecast Report 2025-2033

Attributes and Key Statistics of the India Fasteners Market Report by IMARC Group:

Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Units: USD Billion
Market Size in 2024: USD 10.73 Billion
Market Forecast in 2033: USD 16.25 Billion
Market Compound Annual Growth Rate 2025-2033: 4.72%

As indicated in the latest market research report published by IMARC Group, titled "India Fasteners Market Size, Share, Trends and Forecast by Product, Sales Channel, End Use, and Region, 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.

Market Size & Future Growth Potential:

The India fasteners market size reached USD 10.73 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 16.25 Billion by 2033, exhibiting a growth rate (CAGR) of 4.72% during 2025-2033.

Core Factors Driving Market Trends:

India fasteners market is also experiencing steady and promising growth through the growth of the main sectors like automotive, construction, electronics, and manufacturing. Essentially, the increase in infrastructure projects like highways, metro rail systems, airports, and smart cities has propelled demand for structural fasteners used in steel structures, bridges, and industrial factories substantially. Apart from these, the government's thrust via programs such as 'Make in India', 'Aatmanirbhar Bharat', and the Production-Linked Incentive (PLI) schemes has stimulated local production and investment in manufacturing plants, thus directly promoting consumption of industrial fasteners.

Additionally, the flourishing automobile sector-particularly the growth of electric vehicles and two-wheelers-is generating high-volume demand for precision-engineered fasteners with high standards of durability and performance. Similarly, the need for light weight and high-strength fasteners is on the rise due to the increased application of lightweight materials in vehicle production to comply with emission and fuel efficiency regulations.

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Aside from this, growth in electronics and electrical appliance production, particularly in product segments such as smartphones, air conditioners, and LED lighting, also continues to stimulate demand for micro and specialty fasteners. Apart from that, India's evolving role as an export-oriented global manufacturing hub is also encouraging fastener producers to match international standards and quality norms. Along with that, expansion of consumer durables and white goods industries along with modular furniture and home improvement trends is also boosting use of fasteners in everyday applications. In addition, developments in coatings, corrosion resistance, and material technology like stainless steel and titanium are improving product performance and increasing end-use application.

Also, online retail sites and B2B marketplaces are making it easy for small manufacturers, retailers, and contractors to procure fasteners from urban and semi-urban areas. Also, renewable energy sector demands, especially from wind and solar installations, are driving the growth of high-tensile, weather-resistant fasteners. Similarly, robotics and automation in the industrial production lines are encouraging the application of custom-designed fasteners with simple integration capabilities. Overall, in a blend of infrastructure expansion, technology development, growth in exports, and indigenous manufacturing push, the India fasteners market is getting transformed into a dynamic and vital segment in facilitating the progress of industries in the country.

Comprehensive Market Report Highlights & Segmentation Insights:

Product Insights:

• Internally Threaded
• Non Threaded
• Externally Threaded

Sales Channel Insights:

• Online
• Offline

End Use Insights:

• Automotive
• Building and Construction
• Aerospace
• Machinery
• Electronics
• Others

Regional Insights:

• North India
• South India
• East India
• West India

Key highlights of the Report:

• Historical Market Performance
• Future Market Projections
• Impact of COVID-19 on Market Dynamics
• Industry Competitive Analysis (Porter's Five Forces)
• Market Dynamics and Growth Drivers
• SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
• Market Ecosystem and Value Creation Framework
• Competitive Positioning and Benchmarking Strategies

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Major Advantages of the Report:

• This report provides market leaders and new entrants with accurate revenue estimates for the overall market and its key subsegments.
• Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.
• The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.

Why Choose IMARC Group:

• Extensive Industry Expertise
• Robust Research Methodology
• Insightful Data-Driven Analysis
• Precise Forecasting Capabilities
• Established Track Record of Success
• Reach with an Extensive Network
• Tailored Solutions to Meet Client Needs
• Commitment to Strong Client Relationships and Focus
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Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.

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This release was published on openPR.