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Global Industrial Fasteners Market to reach USD 115.6 billion by the end of 2030.

Global Industrial Fasteners Market Size study & Forecast, by Material (Metal, Plastic), Product (Externally Threaded, Internally Threaded, Non-Threaded, Aerospace Grade), by Application (Automotive, Aerospace, Building & Construction, Furniture, Industrial Machinery, Lawns & Gardens, Home Appliances, Motors & Pumps, Others), and Regional Analysis, 2023-2030

Product Code: CMAM-71541364
Publish Date: 13-07-2023
Page: 200

Global Industrial Fasteners Market is valued approximately at USD 82.56 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.3% over the forecast period 2023-2030. Industrial fasteners are essential components utilized for the permanent or semi-permanent joining of multiple objects. These fasteners, often made of stainless steel and are used across various industries such as construction, automotive, aerospace and marine industries to connect, fix or join different components. They are typically manufactured using materials such as stainless steel, alloy steel, and carbon steel and are coated or painted with corrosion-resistant substances. This category encompasses a wide range of products, including nuts and bolts, threaded rods, structural bolts, machine screws, wedge anchors, washers, rivets and more, available in different sizes and types. Industrial Fasteners Market growth is driven by the increasing growth in the construction industry and rising demand from Aerospace Industry and growing Renewable Energy sector.

According to Statista, the global construction industry is anticipated to experience consistent revenue growth in the coming years. Projections indicate that by 2030, the industry’s revenue is expected to exceed twice its size in 2020. In 2020, the construction market was valued at USD 6.4 trillion, and it is predicted to reach USD 14.4 trillion by 2030. Moreover, using plastic fasteners instead of metal fasteners is proven to be more effective and sustainable as plastic doesn’t rust, is resistant to UV rays and is environment friendly. International Space Station and The Hubble Telescope used in NASA are held together using plastic fasteners. The recovery of oil prices and increased investments in oil and gas exploration and production activities may create opportunities for the industrial fasteners in the market. According to the International Energy Agency (IEA), global oil demand is expected to increase by 5.4 million barrels per day from 2021 to 2023, driving the demand for fasteners used in the oil and gas sector. However, the lack of raw materials can hinder the growth of Industrial Fasteners Market in the forecast years 2023-2030. According to All Points Fasteners, there has been a shortage of raw materials needed to produce specific fasteners such as stainless steel and it resulted in the shortage of nuts, screws, and washers. High capacity utilization, raw material shortages and shipping problems have thrown international supply chains into unprecedented chaos.

The key regions considered for the Global Industrial Fasteners Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market of Industrial Fasteners with largest market share due to an increase in electric vehicle production, a shift in consumer preference towards plastic counterparts and adhesives, rising demand for lightweight automotive components and presence of major players in the industry such as automotive, aerospace, electronics, etc. Moreover, Asia Pacific is expected to become the fastest growing during the forecast period because of the investments done by government in commercial and residential construction projects. The region’s product demand is fueled by an increase in the aircraft deliveries and order facilities due to newer generation aircraft demand.

Major market player included in this report are:
Acument Global Technologies, Inc.
LISI Group
Stanley Black & Decker, Inc.
Arconic Corporation
Hilti Corporation
MacLean-Fogg Company
Nifco Inc.
MISUMI Group Inc.
Illinois Tool Works Inc.
Eastwood Manufacturing

Recent Developments in the Market:
Ø In January 2022, Norwegian Dokka Fasteners, known for producing high-quality industrial fasteners, decided to extend its business in Europe by opening a production facility in Klaipda, Lithuania. Dokka Fasteners successfully established the manufacturing unit in the past, which allowed them to enhance their presence and production capabilities within the European market.
Ø In April 2022, Birmingham Fastener acquired Champion Sales and Manufacturing, Inc., a move that bolsters Birmingham Fastener’s waterworks product range and enhances its manufacturing capabilities. This acquisition provided Birmingham Fastener with increased diversity in its manufacturing operations.
Ø In September 2021, Trifast plc, a worldwide manufacturer and distributor of industrial fastenings and associated components, announced the acquisition of Falcon Fastening Solutions Inc., a specialist fastenings distributor based in North America. The acquisition was completed for a total cash consideration of USD 8.3 million.

Global Industrial Fasteners Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Material, Product, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Material:

By Product:
Externally Threaded
Internally Threaded
Aerospace Grade

By Application:
Building & Construction
Industrial Machinery
Lawns & Gardens
Home Appliances
Motors & Pumps

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Industrial Fasteners Market, by region, 2020-2030 (USD Billion)
1.2.2. Industrial Fasteners Market, by Material, 2020-2030 (USD Billion)
1.2.3. Industrial Fasteners Market, by Product, 2020-2030 (USD Billion)
1.2.4. Industrial Fasteners Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Industrial Fasteners Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Industrial Fasteners Market Dynamics
3.1. Industrial Fasteners Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growth in the building and construction industry Rising Demand from Aerospace Industry Growing Renewable Energy Sector
3.1.2. Market Challenges Lack of Raw Materials, such as alloys and stainless steel
3.1.3. Market Opportunities Substitution of Metal Fasteners with Plastic Fasteners Increasing Investments in the Oil and Gas Industry
Chapter 4. Global Industrial Fasteners Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Industrial Fasteners Market, by Material
5.1. Market Snapshot
5.2. Global Industrial Fasteners Market by Material, Performance – Potential Analysis
5.3. Global Industrial Fasteners Market Estimates & Forecasts by Material 2020-2030 (USD Billion)
5.4. Industrial Fasteners Market, Sub Segment Analysis
5.4.1. Metal
5.4.2. Plastic
Chapter 6. Global Industrial Fasteners Market, by Product
6.1. Market Snapshot
6.2. Global Industrial Fasteners Market by Product, Performance – Potential Analysis
6.3. Global Industrial Fasteners Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
6.4. Industrial Fasteners Market, Sub Segment Analysis
6.4.1. Externally Threaded
6.4.2. Internally Threaded
6.4.3. Non-Threaded
6.4.4. Aerospace Grade
Chapter 7. Global Industrial Fasteners Market, by Application
7.1. Market Snapshot
7.2. Global Industrial Fasteners Market by Application, Performance – Potential Analysis
7.3. Global Industrial Fasteners Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Industrial Fasteners Market, Sub Segment Analysis
7.4.1. Automotive
7.4.2. Aerospace
7.4.3. Building & Construction
7.4.4. Furniture
7.4.5. Industrial Machinery
7.4.6. Lawns & Gardens
7.4.7. Home Appliances
7.4.8. Motors & Pumps
7.4.9. Others
Chapter 8. Global Industrial Fasteners Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Industrial Fasteners Market, Regional Market Snapshot
8.4. North America Industrial Fasteners Market
8.4.1. U.S. Industrial Fasteners Market Material breakdown estimates & forecasts, 2020-2030 Product breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Industrial Fasteners Market
8.5. Europe Industrial Fasteners Market Snapshot
8.5.1. U.K. Industrial Fasteners Market
8.5.2. Germany Industrial Fasteners Market
8.5.3. France Industrial Fasteners Market
8.5.4. Spain Industrial Fasteners Market
8.5.5. Italy Industrial Fasteners Market
8.5.6. Rest of Europe Industrial Fasteners Market
8.6. Asia-Pacific Industrial Fasteners Market Snapshot
8.6.1. China Industrial Fasteners Market
8.6.2. India Industrial Fasteners Market
8.6.3. Japan Industrial Fasteners Market
8.6.4. Australia Industrial Fasteners Market
8.6.5. South Korea Industrial Fasteners Market
8.6.6. Rest of Asia Pacific Industrial Fasteners Market
8.7. Latin America Industrial Fasteners Market Snapshot
8.7.1. Brazil Industrial Fasteners Market
8.7.2. Mexico Industrial Fasteners Market
8.8. Middle East & Africa Industrial Fasteners Market
8.8.1. Saudi Arabia Industrial Fasteners Market
8.8.2. South Africa Industrial Fasteners Market
8.8.3. Rest of Middle East & Africa Industrial Fasteners Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Acument Global Technologies, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. LISI Group
9.3.3. Stanley Black & Decker, Inc.
9.3.4. Arconic Corporation
9.3.5. Hilti Corporation
9.3.6. MacLean-Fogg Company
9.3.7. Nifco Inc.
9.3.8. MISUMI Group Inc.
9.3.9. Illinois Tool Works Inc.
9.3.10. Eastwood Manufacturing
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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