Industrial Fasteners Market Research Report—Global Forecast till 2032

Industrial Fasteners Market Research Report Information By Material (Metal, Plastic), By Product (Internally Threaded, Externally Threaded, Non-Threaded, Aerospace Grade), By Application (Automotive, Aerospace, Building & Construction, Industrial Machinery, Home Appliances, Lawns & Gardens, Motors & Pumps, Furniture, Others) and By Region (North America, Europe, Asia-Pacific, and Rest of the World) –Market Forecast Till 2032

ID: MRFR/CO/10435-HCR | 128 Pages | Author: Priya Nagrale | February 2024         

Global Industrial Fasteners Market Overview


Industrial Fasteners Market Size was valued at USD 80.2 Billion in 2022. The Industrial fasteners industry is projected to grow from USD 83.8 Billion in 2023 to USD 119.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.50% during the forecast period (2023 - 2032). Growth in construction and infrastructure, manufacturing and industrial growth, maintenance, repair, and operations (MRO), growing automotive industry, increasing demand for lightweight and advanced fasteners, technological advancements in fastener manufacturing, globalization and trade, focus on product quality and safety, are the key market drivers enhancing the market growth.


Industrial Fasteners Market


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Industrial fasteners Market Trends




  • Growth in construction and infrastructure is driving the market growth




The market for industrial fasteners is significantly driven by the expansion of the building and infrastructure sectors. To secure diverse components and structures, construction projects, including residential, commercial, and infrastructure constructions, generate a significant need for fasteners.


A wide variety of fasteners are needed for various uses in construction projects, including residential, commercial, and infrastructure initiatives. For attaching structural elements including beams, columns, trusses, and panels, fasteners are essential. Globally, the construction sector is expanding steadily due to reasons like urbanization, population growth, and government programs to upgrade infrastructure. Industrial fasteners are in greater demand as a result of this rise. Fasteners that can endure the rigors of various conditions and offer long-lasting durability are needed for construction projects. Fasteners used in construction projects must be corrosion-resistant, retain structural integrity, and guarantee the security and sturdiness of infrastructure and structures. There is a growing need for dependable, high-quality fasteners that fulfill exacting performance standards as building activity grows.


The need for industrial fasteners is driven by development projects involving infrastructure including roads, bridges, airports, trains, and power plants. Fasteners are heavily utilized for structural connections, equipment installation, and anchoring in these large-scale construction projects. The growth of the industrial fasteners market is mainly influenced by governments and corporate organizations that participate in infrastructure development projects. Fasteners are also in high demand for retrofitting and renovation projects. For many existing structures and buildings to meet contemporary requirements or address safety issues, restorations, upgrades, and refurbishments are necessary. For the purpose of ensuring the structural integrity and compliance of structures, these initiatives entail replacing, upgrading, or reinforcing fasteners. Fasteners are required for retrofitting and renovation projects, which contributes to market expansion.


Construction activity is mostly driven by rapid urbanization and population increase, especially in urban areas. The need for construction projects is constant due to the demand for housing, commercial space, and infrastructure to sustain expanding populations. In residential construction, industrial fasteners are essential for holding down structural elements such frames, walls, roofs, and fixtures. The need for fasteners is fueled by the increase in residential building and urbanization. The demand for industrial fasteners is substantially influenced by the commercial construction industry, which includes the construction of industrial facilities, retail stores, hotels, and office buildings. Applications for fasteners include steel constructions, cladding, facade systems, HVAC installations, and interior fixtures. The rise of commercial construction projects as a result of booming economies and expanding businesses has a direct impact on fastener demand.


The demand for industrial fasteners is greatly impacted by national and regional government programs and investments in infrastructure development. Public money, private investment, or public-private partnerships frequently support infrastructure projects. These programs may involve building roads, bridges, airports, and utilities. The development of the industrial fasteners market is facilitated by government assistance and infrastructural developments.


Worldwide project execution by construction firms and contractors increases demand for industrial fasteners in worldwide markets. Fastener suppliers and manufacturers now have the opportunity to serve the demands of cross-border building projects as a result of globalization and these operations. The development of extensive commercial and infrastructure projects in emerging nations also aids in the expansion of the industrial fasteners industry. Thus, driving the Industrial fasteners market revenue.


Industrial Fasteners Market Segment Insights


Industrial fasteners Material Insights


The Industrial Fasteners Market segmentation, based on Material, includes Metal & Plastic. The metal segment dominated the market in 2022. Metal fasteners play an important role in manufacturing, construction, and everyday usage. They are crucial parts of many different sectors. They offer sturdiness, strength, and heat and corrosion resistance. Metal fasteners are frequently made of steel, bronze, aluminum, copper, and titanium, with stainless steel being the most popular choice. Environmental friendliness, recyclability, aesthetic appeal, and affordability are all benefits of stainless steel fasteners.


Figure 1: Industrial Fasteners Market, by Material, 2022 & 2032 (USD Billion)


Industrial Fasteners Market, by Material


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Industrial fasteners Product Insights


The Industrial Fasteners Market segmentation, based on Product includes Internally Threaded, Externally Threaded, Non-Threaded, Aerospace Grade. The externally threaded segment dominated the market in 2022 as a result of an increase in automobile production. Externally threaded studs are favored for aerospace applications over bolts because of their stronger design.


Industrial fasteners Application Insights


The Industrial Fasteners Market segmentation, based on Application, includes 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 essential for attaching various vehicle components, either permanently or temporarily. In the automotive industry, fasteners like screws, nuts, rivets, snap rings, studs, and clips are frequently utilized. The numerous forms, coatings, and colors that are available for automobile fasteners serve the automotive industry by improving their attractiveness and quality. As vehicle production and demand continue to climb, the market's expansion is driven by the use of automotive fasteners in parts including door panels and airbag housings.


Industrial Fasteners Regional Insights


By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific Industrial fasteners Market dominated this market in 2022 (45.80%). The market in the area will grow as a result of government expenditures in commercial and residential construction projects. Due to the prevalence of small- and medium-sized producers in China, the country produced the majority of the world's plastic fasteners. The region's product demand will be fueled by an increase in aircraft deliveries and order facilities brought on by the desire for newer generation aircraft. Manufacturers of industrial fasteners for aerospace OEMs situated in North America and Europe frequently source their products from Asia Pacific. Moreover, China’s Industrial fasteners market held the largest market share, and the Indian Industrial fasteners market was the fastest growing market in the Asia-Pacific region.


Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: INDUSTRIAL FASTENERS MARKET SHARE BY REGION 2022 (USD Billion)


INDUSTRIAL FASTENERS MARKET SHARE BY REGION 2022 (USD Billion)


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe Industrial fasteners market accounts for the second-largest market share due to the region's high demand, which is expected to increase in the commercial and household sectors, for small tractors and lawn mowers. This market share will be driven by the manufacturing of lawn and garden equipment in this area. Additionally, Europe is a significant hub for the production of passenger cars, which will support the expansion of the industrial fasteners market. Further, the German Industrial fasteners market held the largest market share, and the UK Industrial fasteners market was the fastest growing market in the European region.


The North America Industrial fasteners Market is expected to grow at the fastest CAGR from 2023 to 2032. The growth of the regional industry will be fueled by the increase in the manufacturing of electric vehicles in the United States combined with plastic fastening items. The existence of several aircraft OEMs, including Boeing in the United States, Textron in Canada, and Bombardier in Canada, will increase the market share in North America. Further, the U.S. Industrial fasteners market held the largest market share, and the Canada Industrial fasteners market was the fastest growing market in the North America region.


Industrial Fasteners Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Industrial fasteners market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Industrial fasteners industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Industrial fasteners industry to benefit clients and increase the market sector. In recent years, the Industrial fasteners industry has offered some of the most significant advantages to medicine. Major players in the Industrial fasteners market, including 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.) and others, are attempting to increase market demand by investing in research and development operations.


Engineering and production services for lightweight metals are offered by Howmet Aerospace Inc (Howmet). Fastening systems, seamless rolling rings, investment castings and forgings, and metal extrusion items are all included in the company's product line. Alloys made of ferro-titanium, titanium, and aluminum are provided by Howmet. For heavy-duty trucks and the commercial transportation markets, the company also provides forged aluminum wheels and related goods. Its goods are used in the industrial, consumer electronics, oil and gas, packaging, building and construction, aerospace, automotive, commercial transportation, and automobile industries. The company's business operations are spread out over the Asia-Pacific, Europe, and Americas. The US city of Pittsburgh, Pennsylvania, is home to Howmet's headquarters.


Fasteners and structural components are produced and marketed by LISI SA (LISI), a Compagnie Industrielle De Delle SA subsidiary. For the aerospace industry, the company provides high-value-added items such threaded fasteners, structural fasteners, value-added assembly and components, titanium nuts, and engine components. Additionally, LISI provides medical fasteners, joint reconstruction implants, accessory implants, plastic and safety mechanical components, medical implants, value-added tools, and medical orthopedic surgery instruments. It offers products for the automotive, medical, and aerospace industries. The corporation sells its goods in Asia, Africa, Europe, and North America. The headquarters of LISI are located in Belfort, Burgundy, France.


Key Companies in the Industrial fasteners market include



  • 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.)


Industrial Fasteners Industry Developments


April 2022: The acquisition of Champion Sales and Manufacturing, Inc. by Birmingham Fastener was disclosed. Birmingham Fastener's waterworks product line and production diversification are strengthened by this acquisition.


September 2021: Air-O Fasteners was purchased by LINC Systems, LLC, a platform of Center Rock Capital Partners that distributes industrial fasteners and industrial packaging. The company's position in the Western US will grow as a result of the acquisition.

August 2023: Stanley Black & Decker announced the acquisition of Precision Castings, a leading manufacturer of aerospace and industrial fasteners, for $4.8 billion. This move strengthens Stanley's position in the high-growth aerospace and defense sectors.

September 2023: The European Commission launched an investigation into alleged price-fixing by major industrial fastener manufacturers. This investigation could lead to significant fines for companies found guilty of anti-competitive practices.


Industrial Fasteners Market Segmentation


Industrial fasteners Material Outlook



  • Metal

  • Plastic


Industrial Fasteners Product Outlook



  • Internally Threaded

  • Externally Threaded

  • Non-Threaded

  • Aerospace Grade


Industrial fasteners Application Outlook



  • Automotive

  • Aerospace

  • Building & Construction

  • Industrial Machinery

  • Home Appliances

  • Lawns & Gardens

  • Motors & Pumps

  • Furniture

  • Others


Industrial fasteners Regional Outlook



  • North America

    • US.

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 80.2 Billion
Market Size 2023 USD 83.8 Billion
Market Size 2032 USD 119.1 Billion
Compound Annual Growth Rate (CAGR) 4.50% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Material, Product, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled 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.)
Key Market Opportunities ·       Technological Advancements in Fastener Manufacturing
Key Market Dynamics ·       Globalization and Trade




Frequently Asked Questions (FAQ) :

The Industrial Fasteners Market size was valued at USD 80.2 Billion in 2022.

The global market is projected to grow at a CAGR of 4.50% during the forecast period, 2023-2032.

Asia Pacific had the largest share in the global market

The key players in the market are 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.).

The Metal category dominated the market in 2022.

The Externally Threaded had the largest share in the global market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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