Press release
Bolts Market Expansion Continues, with Forecast Valuation of $60.3 Billion by 2029
Bolts
Bolts Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The value of the bolts industry has been experiencing consistent growth over the years. Projections indicate a rise from $48.03 billion in 2024 to $49.37 billion in 2025, reflecting a compound annual growth rate (CAGR) of 2.8%. Factors contributing to this growth during the historic period include the expansion of construction and infrastructure, industrial and manufacturing growth, increase in automotive production, as well as oil and gas exploration and production, alongside infrastructure repair and maintenance.
Bolts Market Size Forecast: What's the Projected Valuation by 2029?
It is forecasted that the market for bolts will experience robust growth in the coming years, with expectations of reaching $60.3 billion in 2029 with a compound annual growth rate (CAGR) of 5.1%. The rise during the foreseeing period is likely due to the expansion of global urbanization, renewable energy initiatives, electric vehicle (EV) production, fortification and advancement of infrastructure, and the growth of aerospace and defense activities. In the forecast period, dominant trends consist of the incorporation of Industry 4.0 in manufacturing, the surge in environmentally friendly bolting solutions, enhanced attention on bolt tests and validation, and the resilience of globalization and supply chains.
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What Are the Drivers Transforming the Bolts Market?
Growth in the bolts market is anticipated to be stimulated by the surge in construction activities. Tasks related to construction span across various operations and procedures that require time and resources to buildings, structures, and infrastructural facilities. Construction bolts, such as structural and anchor bolts, have applications in a variety of construction tasks. These involve attaching beams to columns or walls, securing joists to ledgers, fastening deck boards, and creating sturdy foundations for bridges and buildings. For example, a recent statistical report released by the United States Census Bureau, a US federal agency, in March 2023, showed that the total construction spending in the USA stood at $1.54 trillion in November 2020, and escalated to $1.84 trillion in November 2022, which is an upswing of 16.3%. Moreover, as per Trading Economics in September 2024, their comprehensive platform is anticipated to provide exhaustive economic data and analysis for over 196 countries, housing starts in the USA escalated to 1,356 thousand units in August 2024, from 1,237 thousand units in July. By the culmination of the current quarter, housing starts are expected to touch 1,470 thousand units. Thus, the ascent in construction activities is anticipated to stimulate the growth of the bolts market.
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What Trends Will Shape the Bolts Market Through 2029 and Beyond?
In the bolts market, one key trend that's gaining significant traction is technological innovation. Firms in this sector are unveiling new products to maintain their market stature. For example, Lindapter International, a firm based in the UK and operating in the construction industry, introduced a tool named Hollo-Bolt plug in April 2023. Designed to facilitate the easy installation of Hollo-Bolt fasteners, particularly in structural applications that have only one-sided access to hollow sections, this tool is an innovation. It makes tightening Hollo-Bolts effective and quick, meaning there's no need for additional parts or welding, ensuring a very secure connection. The tool also improves the speed and ease of installation, which makes it a perfect fit for large-scale construction projects and environments that are under high pressure.
Which Segments in the Bolts Market Offer the Most Profit Potential?
The bolts market covered in this report is segmented -
1) By Type: Half Screw Bolt, Full Screw Bolt
2) By Material: Metal, Plastic, Other Materials
3) By Grade: Grade 5.8, Grade 8.8, Grade 10.9, Grade 12.9, Other Grades
4) By End-User: Automotive, Aerospace, Construction, Industry Machinery, Other End-Users
Subsegments:
1) By Half Screw Bolt: Hex Half Screw Bolts, Socket Half Screw Bolts, Other Half Screw Bolt Variants
2) By Full Screw Bolt: Hex Full Screw Bolts, Socket Full Screw Bolts, Other Full Screw Bolt Variants
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Which Firms Dominate the Bolts Market by Market Share and Revenue in 2025?
Major companies operating in the bolts market include Nippon Steel, Arconic Corporation, KAMAX Holding GmbH & Co. KG., Acument Intellectual Properties LLC, Keller & Kalmbach GmbH, Reyher Nchfg. GmbH & Co. KG., Fabory Group, Fastenal Company, US Bolt Manufacturing Inc., Easylink Industrial Co. Ltd., Brunner Manufacturing Co. Inc., Elgin Fastener Group LLC, Dokka Fasteners AS, Fastco Industries Inc., Rockford Fastener Inc., Big Bolt Nut, Leland Industries Inc., Jignesh Steel, Hague Fasteners, Kpf Co.Ltd., B&G Manufacturing Co. Inc., Hanger Bolt & Stud Co., BTM Manufacturing, Chicago Nut & Bolt Inc., National Bolt & Nut Corporation, AB Steel Inc., KD Fasteners Inc., Würth Industrie Service GmbH & Co. KG., Ifastgroupe
Which Regions Offer the Highest Growth Potential in the Bolts Market?
Asia-Pacific was the largest region in the bolts market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bolts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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