Industrial Fasteners Market is predicted to reach USD ~119.1 billion at a CAGR of ~4.50% during the forecast period 2023 to 2032.

MRFR recognizes the following companies as the key players in the global industrial fasteners market— Howmet Aerospace Inc. (U.S.), ATF Inc. (U.S.), Nifco Inc. (Japan), MW Industries, Inc. (MWI) (U.S.), LISI Group - Link Solutions for Industry (France), Sesco Industries, Inc. (U.S.), Birmingham Fastener and Supply Inc. (U.S.), BPF (India), Elgin Fastener Group (U.S.), Eastwood Manufacturing (U.S.).

Market Highlights

The global industrial fasteners market is accounted to register a CAGR of 4.50% during the forecast period and is estimated to reach USD 119.1 Billion by 2032.

Global demand for industrial fasteners is increasing as more sectors rely on them for safe and dependable assembly. Market expansion is fueled by elements like rising construction activity, manufacturing output, and infrastructure development. Fasteners of all kinds, such as screws, bolts, nuts, and rivets, have opportunities in a variety of industries.

Segment Analysis

The global industrial fasteners market has been segmented based material, product and application.

On the basis of material, the market is segmented into Metal & Plastic. The Metal segment dominated the market in 2022. Metal fasteners are crucial for everyday use, construction, and industry.

Based on Product, the global industrial fasteners market has been segmented into Internally Threaded, Externally Threaded, Non-Threaded, Aerospace Grade. The externally threaded segment dominated the market in 2022 due to an increase in the production of automobiles.

Based on Application, the global industrial fasteners market has been segmented into Automotive, Aerospace, Building & Construction, Industrial Machinery, Home Appliances, Lawns & Gardens, Motors & Pumps, Furniture & Others. The automotive segment dominated the market in 2022. Automotive fasteners are necessary for securely or temporarily fastening a variety of vehicle components.

Regional Analysis

The global industrial fasteners market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe industrial fasteners market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The industrial fasteners market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World industrial fasteners market comprises of Middle East, Africa, and Latin America.

The industrial fasteners market in North America is anticipated to expand at the quickest CAGR between 2023 and 2032. The increase in the production of electric vehicles in the United States paired with plastic fastening products will fuel the expansion of the local sector. The market share in North America will expand due to the existence of various aircraft OEMs, such as Boeing in the United States, Textron in Canada, and Bombardier in Canada.

Moreover, due to the region's high demand, which is anticipated to rise in the commercial and home sectors, for small tractors and lawn mowers, Europe Industrial Fasteners market has the second-largest market share. The production of lawn and garden equipment in this region will be the primary driver of this market share. The fact that passenger car production is mostly centred in Europe will also help the market for industrial fasteners to grow.

Additionally, the Asia-Pacific Industrial fasteners Market dominated this market in 2022 (45.80%). Government investments in commercial and residential construction projects will expand the local market. China manufactured the bulk of the world's plastic fasteners because to the high concentration of small- and medium-sized companies there. The desire for newer generation aircraft will lead to a rise in aircraft deliveries and order facilities, which will feed the region's product demand. Industrial fastener producers for North American and European aerospace original equipment manufacturers usually import their goods from Asia Pacific.

Furthermore, as the region sees infrastructure development and industrial expansion, the market for industrial fasteners in Latin America is expanding. The market is expanding as a result of elements like construction projects, manufacturing operations, and the requirement for trustworthy assembly. The many industrial sectors of Latin America offer opportunities for different kinds of industrial fasteners.

Key Findings of the Study

• The global industrial fasteners market is expected to reach USD 119.1 Billion by 2032, at a CAGR of 4.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market Government investments in commercial and residential construction projects will expand the local market.


• Based on application, the automotive segment was attributed to holding the largest market in 2022.


• Howmet Aerospace Inc. (U.S.), ATF Inc. (U.S.), Nifco Inc. (Japan), MW Industries, Inc. (MWI) (U.S.), LISI Group - Link Solutions for Industry (France), Sesco Industries, Inc. (U.S.), Birmingham Fastener and Supply Inc. (U.S.), BPF (India), Elgin Fastener Group (U.S.), Eastwood Manufacturing (U.S.).