Press release
Bolt (Fastener) Market to Surpass USD 137 Billion by 2034, Driven by Manufacturing and Infrastructure Growth
Bolt (Fastener) Market Size
The global bolt (fastener) market is set to witness significant expansion over the next decade. In 2024, the market was valued at approximately USD 87.56 billion, and it is expected to reach around USD 137.29 billion by 2034, growing at a compound annual growth rate (CAGR) of 4.60% between 2025 and 2034.
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Bolts and fasteners are critical components in a wide range of industries, including automotive, aerospace, construction, machinery, and energy. Their fundamental role in ensuring structural integrity and operational safety continues to drive steady demand across global markets.
Key Market Drivers
Booming Construction and Infrastructure Projects
Urbanization, smart city development, and public infrastructure expansion across emerging markets are major growth contributors.
Automotive and Machinery Industry Demand
Lightweight and high-performance fasteners are in demand for fuel-efficient vehicles and modern industrial machinery.
Rising Investments in Renewable Energy
Wind, solar, and hydroelectric projects require high-grade bolts for turbine and panel assemblies.
Innovation in Materials and Coatings
Corrosion-resistant and high-tensile strength fasteners are gaining popularity, especially in harsh environmental applications.
Regional Insights
Asia-Pacific dominates the market, led by manufacturing giants like China, India, Japan, and South Korea.
North America maintains a strong presence due to robust demand in aerospace and automotive sectors.
Europe emphasizes quality and sustainability, with innovations in stainless steel and alloy fasteners.
Segment Overview
By Material: Steel, stainless steel, aluminum, brass, and titanium.
By Application: Automotive, construction, industrial machinery, aerospace, marine, and energy.
By Type: Hex bolts, carriage bolts, flange bolts, eye bolts, and more.
The steel bolt segment continues to lead, owing to its durability, cost-efficiency, and widespread availability.
Bolt (Fastener) Market: Competitive Analysis
The global bolt (fastener) market is led by players like:
KD Fasteners
Würth Group
Pan American Screw LLC
American Bolt & Screw
Hilti Corporation
California Screw Products
Fastenal Company
Fastener Technology Corp.
MW Components
Illinois Tool Works (ITW)
The Federal Group USA
Portland Bolt
Screws Industries Inc.
SPAX
CNRL Auto Parts Co.
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Future Outlook
The bolt market's growth is expected to align with industrial transformation and sustainability goals. As industries shift toward lightweight designs and green infrastructure, bolt manufacturers will need to adapt through material science, digital manufacturing, and supply chain resilience.
With a projected market value of USD 137.29 billion by 2034, the bolt (fastener) industry is set to remain a critical pillar of global industrial development.
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