Industrial Fasteners Market Report

Industrial Fasteners Market Analysis By Product (Externally Threaded, Aerospace Grade, Other Standard Fasteners), By Application (Automotive OEM, Machinery OEM, Other OEM, MRO, Construction), By Region, And Segment Forecasts, 2018 - 2025

  • Published Date: Jan, 2017
  • Base Year for Estimate: 2015
  • Report ID: 978-1-68038-351-5
  • Format: Electronic (PDF)
  • Historical Data: 2014 -2015
  • Number of Pages: 95

Industry Insights

The global industrial fasteners market size was estimated at USD 77.05 billion in 2015 and is anticipated to foresee significant growth in light of its increasing usage in various end-use industries including automotive, aerospace, machinery and electronics. They are used in the manufacture of medical equipment, industrial controls, furniture and consumer appliances, engines, suspension system, and wheels.

Industrial fasteners including nuts, bolts, and screws are used to join or fix two or more objects together. These products are expected to witness significant demand over the upcoming years as they increase the durability of the joined parts, and can be used on different kinds of substrates such as metals and plastics.

U.S. industrial fasteners market revenue, by product, 2014 - 2025 (USD Million)

U.S. industrial fasteners market

Industrial-grade products are commercially available in several forms including externally threaded, aerospace grade and other standard fasteners. The rapid growth of the aerospace & defense sector in the emerging economies including China, Israel, South Korea and India is expected to fuel the product consumption.

The key driver for the industry is the importance of industrial fasteners in the automotive sector. Rising urbanization along with high demand for SUVs and sedans is projected to propel the market growth. Moreover, increasing demand for elevators in hospitals, malls, and offices will fuel the need for the product over the upcoming years. However, increasing anti-dumping duties along with rising demand for adhesives and tapes is expected to hinder market expansion over the next nine years.

The increasing MRO facilities in China, India, U.S., UK, and UAE owing to rising commercial aviation activity is expected to drive the usage of aerospace grade fasteners in maintenance, repair, and overhaul over the upcoming years. Furthermore, the growing requirement for medical equipment, such as CT scanner, x-ray machines, dialysis machines, ECG, EEG and MRI machines, will promote market growth over the forecast period.

Product Insights

Externally threaded fasteners were the dominant segment and accounted for 58.2% of the global share in 2015. They include critical fasteners, machine screws, thread forming, and screw & washer assembly. Rising usage of these products in automotive, MRO, machinery, construction and medical applications as it offers high rust resistance and durable bond will stimulate its demand.

Aerospace grade is projected to witness the fastest growth over the forecast period owing to its increasing usage in aircraft engines, baggage racks, cabin doors, cargo containers, floor panels, bulkhead, and cabin structures. Moreover, these products provide longevity and structural integrity to aircraft structures, which will further aid in industry development.

Application Insights

Other OEM was the prominent segment and was valued at USD 20.76 billion in 2015. Other OEM applications include electrical, electronics, defense and aerospace applications. Increasing R&D in the defense & aerospace sector coupled with rising demand for consumer electronics is expected to stimulate product demand over the next nine years.

Global industrial fasteners market revenue share, by application, 2015 (%)

Global industrial fasteners market

Construction is projected to witness significant gains at a CAGR of 6.5% over the forecast period, on account of urbanization, population growth, and government infrastructural plan. Moreover, rapid growth in water, energy, transport, social infrastructure, hospitals, schools, defense infrastructure, government accommodation, and natural resources will promote market growth over the upcoming years.

Regional Insights

Asia Pacific is expected to show high gains on account of rising automotive industry in China, India, Japan, South Korea, Malaysia, Indonesia, and Vietnam. The growing middle-class population coupled with the rising disposable income in the region has led to an increasing consumer demand for passenger cars and performance motorbikes. Moreover, the presence of the main automotive companies, such as Toyota, Honda, Volkswagen, Suzuki, Kawasaki, Mitsubishi, Hyundai, Tata and Mahindra, will further aid in market growth.

Europe is projected to witness steady revenue growth at a CAGR of 4% from 2016 to 2025 owing to the stable increase in production of aircraft and performance vehicles. The well-established aerospace sector as a result of the presence of manufacturers such as Airbus Group, BAE Systems, Rolls-Royce Holdings, and Dassault Aviation, is expected to promote industry expansion.

Competitive Insights

The market is highly fragmented and competitive in nature owing to the presence of various small and large manufacturers. Large numbers of industrial fasteners manufacturers are present in the North America and Europe. Key players include Precision Castparts Corp., Nifco, ITW, Alcoa, Kova Fasteners Pvt. Ltd., Standard Fasteners Ltd., LISI Group, and Dokka Fasteners.

Companies are focusing on increasing their presence in the global market through strategic initiatives including mergers & acquisitions. For instance, in 2013, PCC acquired California-based fluid fitting company Permaswage SAS for approximately USD 600 million. This acquisition enabled PCC to expand its reach into the permanent fittings market.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2015

Forecast period

2016 - 2025

Market representation

Revenue in USD Million & CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America & MEA

Country scope

U.S., Germany, China, India, Thailand, Japan, South Korea,  Brazil

Report coverage             

Revenue forecast, company share, competitive landscape, growth factors and trends

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If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments Covered in the Report

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 2014 to 2025. For the purpose of this study, Grand View Research has segmented the Industrial fasteners market on the basis of product, application, and region:

  • Product Outlook (Revenue, USD Million; 2014 - 2025)

    • Externally threaded

    • Aerospace grade

    • Other standard fasteners

  • Application Outlook (Revenue, USD Million; 2014 - 2025)

    • Automotive OEM

    • Machinery OEM

    • Other OEM

    • MRO

    • Construction

  • Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

    • Asia Pacific

      • China

      • India

      • Thailand

      • Japan

      • South Korea

    • Central & South America

      • Brazil

    • MEA

Key questions answered by the report
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