U.S. Industrial Fasteners Market To Reach $23.18 Billion By 2033

U.S. Industrial Fasteners Market Growth & Trends

The U.S. industrial fasteners market size is anticipated to reach USD 23.18 billion by 2033, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 3.1% from 2026 to 2033. The players in the automotive industry are focusing their R&D activities on reducing the overall weight of the vehicles to improve fuel efficiency.Commercial car and LCV manufacturers are continuously striving to reduce the overall vehicle weight and improve reliability, reduce wear, and maintain vehicle strength. Various benefits such as reduced cost, lower weight, and excellent chemical & corrosion resistance offered by plastic fasteners are expected to drive the growth of the industrial fasteners market.

The industrial fastener industry is characterized by intense technological improvements aimed at producing superior and lightweight goods used in automotive and other industrial applications. The manufacturing of fasteners primarily includes casting, forming machining, and thread production processes. The fasteners offered by the major manufacturers in the U.S. comply with the standards including the American Society for Testing and Materials (ASTM), the American Society of Mechanical Engineers (ASME), and the International Organization for Standardization (ISO).

The introduction of laser welding techniques in automobiles has led to an increase in the welding market share. Rising consumption of welds and rivets in various types of aircraft is anticipated to drive the welding market in the aerospace and defense industries, thereby posing a threat to fasteners' market share. Welding is a cost-effective option in steel-intensive construction and is also a preferred choice as it ensures reliability and durability. The ascending utilization of various substitutes in the automotive, aerospace, and construction industries is projected to threaten the growth of the fasteners market in the coming years.

Rising metal costs, combined with increasing demand in other industries such as construction and machine production, are anticipated to influence raw material supply for fasteners.  Buyers' bargaining power is likely to expand as demand for plastics with biodegradability, better strength, superior impact, and chemical resistance grows. However, the presence of several raw material suppliers with substantial production volumes is likely to limit raw material providers' dominance. As a result, the bargaining power of suppliers is anticipated to remain low to moderate over the forecast period.

Manufacturers are aiming to achieve optimum business growth and a strong market position through the implementation of various strategies such as acquisition, joint venture, production capacity expansion, new product development, promotion of key product brands, and significant investments in research & development. For instance, 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 processes, and innovate new fastener products.

 Request a free sample copy or view report summary: U.S. Industrial Fasteners Market Report

U.S. Industrial Fasteners Market Report Highlights

• In terms of raw material, metal and plastic industrial fasteners are among the most prominent types. The metal industrial fasteners segment dominated the industry in 2025, with a 88.6% revenue share.

• In terms of product, industrial-grade fasteners have been broadly classified by design into four major categories: externally threaded, internally threaded, non-threaded, and aerospace-grade fasteners.

• In terms of applications, the automotive segment is a key market segment. The segment held over 27% market share in 2022.

U.S. Industrial Fasteners Market Segmentation

Grand View Research has segmented the U.S. industrial fasteners market on the basis of raw material, product, and application:

U.S. Industrial Fasteners Raw Material Outlook (Revenue, USD Billion, 2021 - 2033)

• Metal

• Plastic

U.S. Industrial Fasteners Product Outlook (Revenue, USD Billion, 2021 - 2033)

• Externally Threaded Fasteners

• Internally Threaded Fasteners

• Non-threaded Fasteners

• Aerospace Grade Fasteners

U.S. Industrial Fasteners Application Outlook (Revenue, USD Billion, 2021 - 2033)

• Automotive

• Aerospace

• Building and construction

• Industrial Machinery

• Home appliances

• Lawns and Gardens

• Motors and Pumps

• Furniture

• Plumbing Products

• Others

List of Key Players in the U.S. Industrial Fasteners Market

• Arconic Fastening Systems and Rings

• Hilti Corporation

• Illinois Tool Works, Inc.

• Acument Global Technologies, Inc.

• ATF, Inc.

• MW Industries, Inc.

• Birmingham Fastener and Supply, Inc.

• SESCO Industries, Inc.,

• Elgin Fastener Group LLC

• Slidematic