Industrial Fasteners Market Size, Share & Trends Analysis Report By Raw Material (Metal, Plastic), By Distribution Channel (Direct, Indirect), By Product (Externally Threaded, Internally Threaded), By Application, By Type, By Region, And Segment Forecasts, 2025 - 2030

Industrial Fasteners Market Summary

The construction industry notably impacts the demand for industrial fasteners as they are extensively used in buildings, bridges, walls, and roofs. Unlike other industries, fasteners used in construction are standardized and subject to stringent quality checks. Government intervention through a regulatory framework pressurizes manufacturers to offer standardized products with superior performance characteristics.

The U.S. is one of the largest fasteners importing countries in the world and is likely to witness a similar trend over the forecast period on account of high product demand in automation, aerospace, and other industrial applications. Moreover, owing to the growing demand for lightweight vehicles and aircraft, companies are shifting from standard to customized products, which in turn is positively increasing the U.S. fastener market size across these industries.

The market for industrial fasteners is characterized by intensive technological developments to produce advanced, lightweight products that find usage in automotive and other industrial applications. With the enhancement in technology, the rising demand for hybrid fasteners, which incorporate a combination of injection-molded plastic components with metal elements, is expected to drive the demand.

Increasing metal prices and the decelerating growth of these fasteners owing to their replacement by plastic fasteners, automotive tapes, and adhesives are expected to be key barriers for metal fastener manufacturers over the forecast period. Plastic fastener manufacturers are expected to gain an advantage owing to the rising demand for lightweight components from automotive manufacturers.

Companies engaged in the manufacturing of fasteners require significant capital investment owing to the high production volumes and stringent specifications concerning testing and labeling. Industrial fasteners such as bolts, screws, nuts, studs, and rivets are manufactured and distributed by different participants. Companies invest significantly in R&D activities, thus resulting in dynamic market conditions. 

Market Concentration & Characteristics

The market growth stage is medium, with an accelerating pace. The industrial fasteners industry is fragmented and highly competitive in nature, with various large and small-scale manufacturers in China, Taiwan, Thailand, and Japan. Significant development of commercial construction, coupled with the rising demand for green building materials in the region, has triggered market growth, improving the competition in the market.

A major challenge faced by the competitors is the fluctuation of raw material prices; hence, a high degree of backward and forward integration is likely to be observed among the major players in the market. This will further intensify market rivalry and competition, making it difficult for emerging players to sustain in the market.

The fasteners market is characterized by intensive technological developments to produce advanced lightweight products, which are useful in automotive and other industrial applications. Key fastener companies in the market are majorly focusing on sourcing high-quality raw materials and simpler designs & structures that are easier to assemble.

The manufacturing of fasteners primarily includes casting, forming, machining, and thread production processes. The fasteners offered by the major manufacturers comply with global standards, including the American Society for Testing and Materials (ASTM), American Society of Mechanical Engineers (ASME), British Standards (BS), Deutsches Institut für Normung (DIN), and Japanese Industrial Standards (JIS).

The major manufacturers in the market are observed to have long-term contracts with players from the automotive, aerospace, and electronics industries. The major fastener manufacturers offer specialty fasteners, which are custom-manufactured based on the specifications given by the end users to cater to their specific requirements. As a result, the product pricing and profit margins of these industry players vary across industry players.

Raw Material Insights

Metal fasteners held the largest market share of 91.1% in 2024. It includes various materials such as stainless steel, bronze, cast iron, superalloys, and titanium. The high mechanical strength is expected to be an important factor triggering their growth over the forecast period.

The plastic fasteners segment is anticipated to grow at the fastest CAGR of 5.6% over the coming years. The product is gaining importance in the automotive industry owing to its low-cost, lightweight, and superior chemical & corrosion resistance properties. These are manufactured using various raw materials, including polycarbonate, polyurethane (PUR), polyvinylchloride (PVC), polyacrylamide (PA), polystyrene (PS), polyethylene (PE), and nylon.

Products Insights

Externally threaded fasteners held the largest revenue share of 48% in 2024. Bolts and screws are the most widely utilized type of externally threaded fasteners. Bolts hold a dominant share in the market owing to their availability in a wide variety and broad application scope.

Non-threaded fasteners accounted for the second largest revenue share in 2024 and are expected to drive at a significant rate over the forecast period. Rising demand for non-threaded fasteners in the construction industry for various applications such as subflooring, decking, and roofing is expected to have a positive impact on growth over the projected period.

Aerospace-grade fasteners are expected to expand at the fastest CAGR from 2025 to 2030. This fastener varies significantly as compared to ordinary commercial-grade fasteners in terms of quality, performance, raw material, price, and other technical specifications. The most commonly used aerospace nuts include fiber inserts and castle nuts.

Internally, threaded fasteners accounted for a significant share of the market. Stainless steel is the most common material used for manufacturing internally threaded industrial fasteners. Brass, alloy steel, and aluminum are the other materials used to manufacture these industrial fasteners. Innovations in the designs of internally threaded fasteners that provide better performance, high impact, and vibration resistance are projected to have a positive impact on growth.

Application Insights

The automotive segment accounted for the largest revenue share in 2024. High production volumes of automotive vehicles across the Asia Pacific have been a key factor driving industry growth over the past few years. Moreover, fasteners are an essential component of the automotive industry and are available in numerous varieties, sizes, and shapes. The common fasteners used in the automotive industry include nuts, bolts, screws, rivets, studs, bits, anchors, and panel fasteners. Metal fasteners have been dominating the fastener industry traditionally, and this trend is likely to continue over the projected period.

Increasing investments in commercial constructions such as hotels, hospitals, and educational institutes in the regions are projected to have a positive impact on the building & construction industry growth. In addition, the rapid growth of heavy machine-driven industries, including textiles, food & beverage, and chemicals, is expected to propel the demand for industrial machinery, thus driving the demand for industrial fasteners over the coming years.

Distribution Channel Insights

Direct distribution channel dominated the market, accounting for a revenue share of 60.1% in 2024. Direct distribution involves manufacturers supplying fasteners directly to end users, such as OEMs in the automotive, aerospace, and heavy machinery industries. This channel provides cost efficiency, better supply chain control, and customization options. Large industrial clients prefer direct procurement to ensure quality consistency, bulk pricing advantages, and guaranteed availability of critical fasteners for production lines and maintenance operations.

Type Insights

Bolts hold the largest market share of 31.3% in 2024 among industrial fasteners due to their widespread use in structural applications, heavy machinery, and transportation industries. They provide high-strength fastening solutions that can withstand heavy loads and vibrations, making them essential in construction and infrastructure projects. Furthermore, with advancements in material technology, corrosion-resistant and high-tensile-strength bolts are witnessing increased demand, particularly in offshore and aerospace applications.

Regional Insights

North America industrial fasteners industry comprises major fastener manufacturers as well as distributors and suppliers catering to local as well as international consumers. Direct distribution offers advantages such as a better supply chain and consumer experience. As a result, distribution of plastic fasteners for building and construction activities is expected to register growth over the forecast period.

U.S. Industrial Fasteners Market Trends

The industrial fasteners industry in the U.S. is anticipated to grow at a healthy CAGR over the forecast period. The aerospace industry in the U.S. is one of the biggest in the world and is highly competitive in nature on account of the presence of several well-established players in the market. The country experiences high investments by foreign players owing to the presence of an educated and skilled workforce, diverse offerings, extensive distribution systems, and strong government support for the industry, which, in turn, increases the demand for industrial fasteners in the U.S.

Asia Pacific Industrial Fasteners Market Trends

The industrial fasteners market in Asia Pacific held the largest global revenue share of 44.6% in 2024. Economic growth in the Asia Pacific has increased the need for improved public infrastructure such as roads, harbors, airports, and rail transportation networks. Furthermore, a substantial increase in mergers & acquisitions, integration activities, and site relocations has boosted industrial development in the region. This has resulted in increased construction of industrial and infrastructure activities in emerging nations such as India, Vietnam, Thailand, and Malaysia, which is expected to drive the demand for industrial fasteners industry in the region.

The industrial fasteners industry in India is growing at a CAGR of 8.4% over the forecast period of 2025 to 2030. The country has a strong framework to provide all the necessary resources for the aerospace industry, such as R&D capabilities, engineering services, manufacturing expertise, and information technology, which is likely to fuel the growth of the aerospace industry in the country, which in turn, is likely to drive the demand for aerospace fasteners over the projected period.

The industrial fasteners industry in China accounted for the largest revenue share of 47% in the Asia Pacific region for the year 2024 due to the presence of favorable government policies that promote investments in the construction sector. Furthermore, factors such as population growth, rapid urbanization, and rising disposable incomes also play an important role in developing the country’s construction sector. Thus, with a rise in construction activities in the country, the industrial fasteners industry is expected to witness growth over the forecast period.

Europe Industrial Fasteners Market Trends

The industrial fasteners industry in Europe was valued at USD 22.93 billion in 2024. In the European region, the automotive industry accounts for a major share of the revenue generated by the industrial fasteners industry in the region. There is a presence of several major automotive manufacturers, including Mercedes-Benz, Fiat, Renault, MW, Ferrari, Volkswagen, and Ford in Europe. These major players are increasingly investing and focusing on the production of lightweight and strong vehicles. As a result, the demand for automotive fasteners in Europe is expected to grow at a faster pace.

The industrial fasteners industry in Germany held a revenue of USD 6.37 billion in 2024. The country is known for its electronics, machinery, and automotive industries. The automotive industry has been the largest consumer of fasteners in the country, and this trend is expected to continue over the projected period.

The industrial fasteners industry in Spain is anticipated to grow at a healthy CAGR over the forecast period. The economy of Spain is driven by major industries, including energy, tourism, agriculture, and manufacturing. The growth of these industries, which in turn, is likely to boost commercial construction, including offices, warehouses, manufacturing facilities, hotels & restaurants, shopping malls, and supermarkets, thereby driving the demand for industrial fasteners in Spain.

Central & South America Industrial Fasteners Market Trends

Central & South America industrial fasteners industry is growing at a CAGR of 4.6% over the forecast year 2025 to 2030. The manufacturing process of industrial machinery practiced in Argentina is expected to grow for poultry equipment, paper industry machinery manufacturers, equipment of the textile industry, and plastic and rubber manufacturers, thus increasing the use of industrial fasteners.

Middle East & Africa Industrial Fasteners Market Trends

Middle East & Africa industrial fasteners industry is expected to reach USD 2.77 billion by the end of 2030. The industrial machinery manufacturing segment is expected to witness growth over the forecast period owing to an increase in oil production and rising investments from production companies. Industrial machinery is widely utilized in the production of oil in the Gulf Cooperation Council, thereby supporting product growth. 

Key Industrial Fasteners Company Insights

Some of the key players operating in the market include Illinois Tool Works, Inc., Arconic Fastening Systems and Rings, Hilti Corporation, LISI Group - Link Solutions for Industry, and Nifco Inc.:

• Arconic Fastening Systems and Rings is a fastener manufacturing company, which was formerly a part of Alcoa, Inc., a U.S.-based company established in 1888, and was separated in November 2006. Arconic Fastening Systems and Rings had a presence in 20 countries, including China, Brazil, Canada, Japan, and Russia. The key brand names associated with the company are Camloc, Delron, Huck, Kaynar, K-Fast, Linread, Mairoll, Marson, Mecaero, Microdot, and North Bridge.

• Hilti Corporation offers rotary hammer drills, diamond cutting & grinding systems, expansion & sleeve anchors, electric screwdrivers, and support brackets for piping & ductwork. The company manufactures fasteners under its anchor systems. It has a presence in over 120 countries, with its manufacturing units located in Liechtenstein, Austria, Germany, China, Hungary, Mexico, and the U.S.

Acument Global Technologies, Inc., ATF, Inc., Birmingham Fastener and Supply, Inc., SESCO Industries, Inc. are some of the emerging participants in the market.  

• Acument Global Technologies offers fastening and assembly solutions and has a presence in over 35 countries, with 10 manufacturing facilities and several distribution facilities strategically positioned across three continents, including North America, Europe, and Asia Pacific. Its product portfolio is inclusive of three segments including engineered fastening systems, externally threaded fastening systems, and internally threaded fastening systems.

• ATF, Inc. operates through its eight offices and nine manufacturing units located in Europe, North America, and Asia. The company’s product portfolio includes cold-formed specials, anchors, formed & rolled parts, thread-forming fasteners for metals, thread-forming fasteners for plastics, engineered fasteners for light-weighting applications, and mechanism & assemblies’ fasteners.

Recent Developments

• In June 2023, B&F Fastener Supply announced the acquisition of Northern States Supply to gain market share in the U.S. industrial fasteners industry. In addition, the acquisition is also expected to help the company provide high-quality products and services to various end uses such as automotive, construction, and industrial machinery.

• In June 2023, CAMCAR announced the acquisition of Ttapdrive AS, the creator of the ttap brand. The company frequently invests in R&D activities to improve product performance, easy assembling process and innovate new fastener products. 

Industrial Fasteners Market Report Scope

Global Industrial Fasteners Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the industrial fasteners market on the basis of raw material, product, application, distribution channel, fasteners type, and region:

• Raw Material Outlook (Revenue, USD Million; 2018 - 2030)

  • Metal fasteners

  • Plastic Fasteners

• Fasteners Type Outlook (Revenue, USD Million; 2018 - 2030)

  • Bolts

  • Screws

  • Nuts

  • Washers

  • Rivets

  • Others

• Product Outlook (Revenue, USD Million; 2018 - 2030)

  • Externally Threaded Fasteners

  • Internally Threaded Fasteners

  • Non-threaded Threaded Fasteners

  • Aerospace Grade Fasteners

• Application Outlook (Revenue, USD Million; 2018 - 2030)

  • Automotive

  • Aerospace

  • Building & Construction

  • Industrial Machinery

  • Home appliances

  • Lawns and gardens

  • Motors and pumps

  • Furniture

  • Plumbing products

  • Renewable Energy

  • Silo

  • Others

• Distribution Channel Outlook (Revenue, USD Million; 2018 - 2030)

  • Direct

  • Indirect

• Regional Outlook (Revenue, USD Million; 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • Italy

    • Spain

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Malaysia

    • Indonesia

    • Thailand

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • UAE

    • Saudi Arabia

    • South Africa