GVR Report cover Industrial Fasteners Market Size, Share & Trends Report

Industrial Fasteners Market Size, Share & Trends Analysis Report By Raw Material (Metal, Plastic), By Product (Externally Threaded, Internally Threaded, Non-threaded), By Application, By Region, And Segment Forecasts, 2022 - 2030

  • Report ID: 978-1-68038-351-5
  • Number of Pages: 213
  • Format: Electronic (PDF)

Report Overview

The global industrial fasteners market size was valued at USD 88.43 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2022 to 2030. The market is expected to be driven by the growing population, high investments in the construction sector, and rising demand for industrial fasteners in the automotive and aerospace sectors. The COVID-19 outburst in early 2020 negatively impacted the supply channels across the globe as international and domestic trade was interrupted to curb the spread of the virus. This also impacted the manufacturing operations across the industries and hampered the demand for industrial fasteners used in the production of heavy machines and construction equipment.

U.S. industrial fasteners market size, by product, 2020 - 2030 (USD Billion)

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 the 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 fasteners, which, in turn, is expected to drive the demand.

The market 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 incorporates 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 the 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 by 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.

Raw Material Insights

Metal fasteners accounted for the largest share of over 90.0% in 2021. 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.

Plastic fasteners are expected to expand at the highest CAGR of 5.3% over the forecast period. They are gaining importance in the automotive industry owing to their low-cost, lightweight, and superior chemical and corrosion resistance properties. These are manufactured using various raw materials, including polycarbonate, polyurethane (PUR), polyvinylchloride (PVC), polyacrylamide (PA), polystyrene (PS), polyethylene (PE), and nylon.

Product Insights

Externally threaded fasteners held the largest revenue share of over 45.0% in 2021. 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 2021. 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 highest CAGR of 5.8% over the forecast period. 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 are expected to witness growth in the years to come. 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 to provide better performance and high impact and vibration resistance are projected to have a positive impact on market growth.

Application Insights

The automotive segment accounted for the largest revenue share of over 30.0% in 2021. Automotive OEM is one of the key markets for industrial fasteners. High production volumes of automotive vehicles across Asia Pacific have been driving the industry over the past few years.

Aerospace has been a major application segment in the global market as it consumes high volumes of prime-grade fasteners. The aerospace industry is considered to be a key market for industrial fasteners as the quantity used in the manufacturing of an aircraft is significantly higher in comparison to any other applications, including automotive, industrial machinery, and railways.

Global industrial fasteners market share, by application, 2021 (%)

The building and construction application segment is expected to witness growth over the forecast 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 industry growth over the projected period.

The industrial machinery segment is expected to expand at a CAGR of 5.0% from 2022 to 2030. The rapid growth of heavy machine-driven industries, including textiles, food and beverage, and chemicals, is expected to propel the demand for industrial machinery, thus driving the demand for industrial fasteners over the forecast period.

Regional Insights

Asia Pacific held the largest share of over 40.0% in 2021 and is expected to emerge as the fastest-growing region over the forecast period. The industrial fasteners industry in the region is primarily driven by automotive, industrial machinery, electronics, and construction applications. Economic growth in Asia Pacific has increased the need for improved public infrastructures such as roads, harbors, airports, and rail transportation networks, which is likely to drive the market in Asia Pacific.

North America accounted for the second-largest revenue share in 2021. In North America, the U.S. has been dominating the industrial fasteners industry in terms of consumption owing to the presence of a wide manufacturing base of automotive, electronics, and aerospace companies, which makes it a key consumer of automotive fasteners. The region is expected to have a positive impact on industry growth over the forecast period.

Industrial Fasteners Market Trends by Region

Europe accounted for a significant revenue share in 2021. The rising product demand to manufacture residential and commercial furniture, ready-to-assemble (RTA) products, and small accent items is expected to have a positive impact on the industry growth over the projected period.

Central and South America are expected to witness growth in the years to come on account of the rising demand for industrial fasteners in agricultural, commercial, and residential projects and industrial practices. Furthermore, the aerospace sector is expected to witness high growth owing to improvements in defense practices of Argentina and Brazil, thus influencing the demand for aerospace-grade fasteners in the region.

Key Companies & Market Share Insights

The industry is fragmented and highly competitive with various large and small-scale manufacturers in China, Taiwan, Thailand, and Japan. The increasing demand for innovative and application-specific industrial fastener designs is expected to present opportunities for new players. Increasing raw material prices and high-volume production by the existing players are expected to be the key barriers to new entrants over the forecast period. Moreover, technological know-how and an established buyer base are likely to offer major fastener manufacturers a competitive advantage over the small-scale players. Some prominent players in the global industrial fasteners market include:

  • Arconic Fastening Systems and Rings

  • Acument Global Technologies, Inc.

  • ATF, Inc.

  • Dokka Fasteners AS

  • LISI Group - Link Solutions for Industry

  • Nippon Industrial Fasteners Company (Nifco)

  • Hilti Corporation

  • MW Industries, Inc.

  • Birmingham Fasteners and Supply, Inc.

  • SESCO Industries, Inc.

Industrial Fasteners Market Report Scope

Report Attribute


Market size value in 2022

USD 91.73 billion

Revenue forecast in 2030

USD 131.28 billion

Growth Rate

CAGR of 4.5% from 2022 to 2030

Base year for estimation


Historical data

2017 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million/billion and CAGR from 2022 to 2030

Report coverage

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

Segments covered

Raw material, product, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; France; Spain; China; India; Japan; Malaysia; Indonesia; South Korea; Thailand; Brazil; UAE

Key companies profiled

Arconic Fastening Systems and Rings; Acument Global Technologies, Inc; ATF, Inc.; Dokka Fasteners AS; LISI Group - Link Solutions for Industry; Nippon Industrial Fasteners Company (Nifco); Hilti Corporation; MW Industries, Inc.; Birmingham Fasteners and Supply, Inc.; SESCO Industries, Inc.; Elgin Fastener Group LLC; Rockford Fasteners, Inc.; Slidematic; Manufacturing Associates, Inc.; Eastwood Manufacturing; Brunner Manufacturing Co., Inc.; Decker Industries Corporation; Penn Engineering & Manufacturing Corporation; EJOT; Illinois Tool Works, Inc.; Stanley Black & Decker, Inc.; KOVA Fasteners Pvt. Ltd.; Standard Fasteners Ltd.; Precision Castparts Corp.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Global Industrial Fasteners Market Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global industrial fasteners market report on the basis of raw material, product, application, and region:

Global Industrial Fasteners Market Segmentation

  • Raw Material Outlook (Revenue, USD Million, 2017 - 2030)

    • Metal Fasteners

    • Plastic Fasteners

  • Product Outlook (Revenue, USD Million, 2017 - 2030)

    • Externally Threaded Fasteners

    • Internally Threaded Fasteners

    • Non-threaded Threaded Fasteners

    • Aerospace Grade Fasteners

  • Application Outlook (Revenue, USD Million, 2017 - 2030)

    • Automotive

    • Aerospace

    • Building & Construction

    • Industrial Machinery

    • Home Appliances

    • Lawns And Gardens

    • Motors And Pumps

    • Furniture

    • Plumbing Products

    • Others

  • Regional Outlook (Revenue, USD Million, 2017 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • Spain

      • France

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

      • Malaysia

      • Indonesia

      • Thailand

    • Central & South America

      • Brazil

    • Middle East & Africa

      • UAE

Frequently Asked Questions About This Report

gvr icn


gvr icn

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

gvr icn


We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.

esomar icon

ESOMAR certified & member

D&B icon

Leading SME award by D&B

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.

great place to work icon