Press release
Industrial Fasteners Market Poised for Strong Growth, Projected to Reach USD 155.08 Billion by 2033, Reports Straits Research
According to a new report by Straits Research, the global Industrial Fasteners Market was valued at USD 103.46 billion in 2024 and is projected to grow from USD 108.22 billion in 2025 to USD 155.08 billion by 2033, representing a CAGR of 4.6% during the forecast period (2025-2033). Industrial fasteners, essential components used to bond or secure two or more products or parts, remain crucial across multiple industries including automotive, aerospace, electronics, heavy equipment, marine, and industrial machinery.Download Exclusive Research Report PDF Sample: (Including Full TOC, List of Tables & Figures, Chart) : https://straitsresearch.com/report/industrial-fasteners-market/request-sample
Market Growth Drivers
The market is expected to witness significant growth due to rising demand in the automotive and aerospace sectors. Fasteners such as nuts, bolts, screws, rivets, and anchor components play a critical role in the functionality of vehicles and aircraft. Asia-Pacific is emerging as the largest market hub, driven by increasing automotive manufacturing in countries like China, India, and Japan. Additionally, the aerospace industry's expansion, fueled by global GDP recovery, higher commodity prices, and increased passenger travel, is further propelling demand for industrial fasteners.
Market Restraints
The growth of the industrial fasteners market faces challenges due to rising metal prices and the adoption of alternatives like plastic fasteners, automotive adhesives, and welding techniques. With industries trending toward lightweight components, substitutes such as plastic fasteners and advanced adhesive technologies are increasingly being preferred over traditional metal fasteners, particularly in automotive and aerospace manufacturing.
For more insights and detailed analysis on the Market, visit : https://straitsresearch.com/report/industrial-fasteners-market
Market Opportunities
The substitution of metal fasteners with plastic fasteners presents significant opportunities for manufacturers. Plastic fasteners offer cost advantages, flexibility in design, and faster production through injection molding. These qualities make them increasingly attractive for automotive and industrial applications, opening new avenues for market growth.
Regional Insights
The Asia-Pacific region dominates the global industrial fasteners market, with an estimated revenue of USD 57.89 billion by 2030, driven by the region's strong automotive and manufacturing presence. North America follows, projected to reach USD 29,361 million by 2030 at a CAGR of 4%, bolstered by its diversified industrial base. Europe, a global automotive hub, is witnessing steady growth at a CAGR of 3%, while the Middle East & Africa are expected to grow at 4% CAGR due to increasing demand in residential, commercial, and industrial sectors.
Download Exclusive Research Report PDF Sample: (Including Full TOC, List of Tables & Figures, Chart) : https://straitsresearch.com/report/industrial-fasteners-market/request-sample
Product and Application Insights
The market is segmented into externally and internally threaded fasteners. Externally threaded fasteners hold the largest share, with revenues expected to reach USD 63,726 million by 2030, while internally threaded fasteners are growing steadily at a CAGR of 4%. In terms of applications, the automotive sector remains the largest consumer, followed by industrial machinery, aerospace, and construction industries. The aerospace industry, in particular, demonstrates strong growth at a CAGR of 6% due to the extensive use of high-grade fasteners in aircraft manufacturing.
Key Players
Howmet
Acument Global Technologies Inc
ATF Inc.
Dokka Fasteners
LISI Group
Nippon Industrial Fasteners Company
Hilti Corporation
MW Industries, Inc.
Birmingham Fasteners and Supply, Inc.
MacLean-Fogg Component Solutions
Conclusion
With consistent demand from automotive, aerospace, and industrial machinery sectors, coupled with opportunities from lightweight and cost-effective solutions, the global industrial fasteners market is expected to experience steady growth throughout the forecast period. Manufacturers focusing on innovative solutions and regional expansion are well-positioned to capitalize on this growing market.
Browse More Insights & Reports :
Aerospace Fasteners Market : https://straitsresearch.com/report/aerospace-fasteners-market
Aerospace Titanium Fasteners Market : https://straitsresearch.com/report/aerospace-titanium-fasteners-market
Fasteners Market : https://straitsresearch.com/report/fastners-market
Industrial Distribution Market : https://straitsresearch.com/report/industrial-distribution-market
Industrial Fasteners Market : https://straitsresearch.com/report/industrial-fasteners-market
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For over a decade, Straits Research has been a trusted partner to more than 2,000 small and large enterprises, empowering senior leaders and decision-makers with actionable intelligence to navigate complex markets. Our structured syndicate reports, published year-round, cover critical sectors such as chemicals, materials, food and beverage, healthcare, pharmaceuticals, automotive, technology, aerospace, and defense. Combined with our custom research tailored to client-specific needs, we deliver insights that drive business progress and informed decision-making.
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