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Global Industrial Fasteners Market is valued approximately at USD 82.56 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.3% over the forecast period 2023-2030. Industrial fasteners are essential components utilized for the permanent or semi-permanent joining of multiple objects. These fasteners, often made of stainless steel and are used across various industries such as construction, automotive, aerospace and marine industries to connect, fix or join different components. They are typically manufactured using materials such as stainless steel, alloy steel, and carbon steel and are coated or painted with corrosion-resistant substances. This category encompasses a wide range of products, including nuts and bolts, threaded rods, structural bolts, machine screws, wedge anchors, washers, rivets and more, available in different sizes and types. Industrial Fasteners Market growth is driven by the increasing growth in the construction industry and rising demand from Aerospace Industry and growing Renewable Energy sector.
According to Statista, the global construction industry is anticipated to experience consistent revenue growth in the coming years. Projections indicate that by 2030, the industry's revenue is expected to exceed twice its size in 2020. In 2020, the construction market was valued at USD 6.4 trillion, and it is predicted to reach USD 14.4 trillion by 2030. Moreover, using plastic fasteners instead of metal fasteners is proven to be more effective and sustainable as plastic doesn't rust, is resistant to UV rays and is environment friendly. International Space Station and The Hubble Telescope used in NASA are held together using plastic fasteners. The recovery of oil prices and increased investments in oil and gas exploration and production activities may create opportunities for the industrial fasteners in the market. According to the International Energy Agency (IEA), global oil demand is expected to increase by 5.4 million barrels per day from 2021 to 2023, driving the demand for fasteners used in the oil and gas sector. However, the lack of raw materials can hinder the growth of Industrial Fasteners Market in the forecast years 2023-2030. According to All Points Fasteners, there has been a shortage of raw materials needed to produce specific fasteners such as stainless steel and it resulted in the shortage of nuts, screws, and washers. High capacity utilization, raw material shortages and shipping problems have thrown international supply chains into unprecedented chaos.
The key regions considered for the Global Industrial Fasteners Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market of Industrial Fasteners with largest market share due to an increase in electric vehicle production, a shift in consumer preference towards plastic counterparts and adhesives, rising demand for lightweight automotive components and presence of major players in the industry such as automotive, aerospace, electronics, etc. Moreover, Asia Pacific is expected to become the fastest growing during the forecast period because of the investments done by government in commercial and residential construction projects. The region's product demand is fueled by an increase in the aircraft deliveries and order facilities due to newer generation aircraft demand.
Major market player included in this report are:
- Acument Global Technologies, Inc.
- LISI Group
- Stanley Black & Decker, Inc.
- Arconic Corporation
- Hilti Corporation
- MacLean-Fogg Company
- Nifco Inc.
- MISUMI Group Inc.
- Illinois Tool Works Inc.
- Eastwood Manufacturing
Recent Developments in the Market:
- In January 2022, Norwegian Dokka Fasteners, known for producing high-quality industrial fasteners, decided to extend its business in Europe by opening a production facility in Klaipda, Lithuania. Dokka Fasteners successfully established the manufacturing unit in the past, which allowed them to enhance their presence and production capabilities within the European market.
- In April 2022, Birmingham Fastener acquired Champion Sales and Manufacturing, Inc., a move that bolsters Birmingham Fastener's waterworks product range and enhances its manufacturing capabilities. This acquisition provided Birmingham Fastener with increased diversity in its manufacturing operations.
- In September 2021, Trifast plc, a worldwide manufacturer and distributor of industrial fastenings and associated components, announced the acquisition of Falcon Fastening Solutions Inc., a specialist fastenings distributor based in North America. The acquisition was completed for a total cash consideration of USD 8.3 million.
Global Industrial Fasteners Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Material, Product, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material:
By Product:
- Externally Threaded
- Internally Threaded
- Non-Threaded
- Aerospace Grade
By Application:
- Automotive
- Aerospace
- Building & Construction
- Furniture
- Industrial Machinery
- Lawns & Gardens
- Home Appliances
- Motors & Pumps
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Industrial Fasteners Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Industrial Fasteners Market, by Material, 2020-2030 (USD Billion)
- 1.2.3. Industrial Fasteners Market, by Product, 2020-2030 (USD Billion)
- 1.2.4. Industrial Fasteners Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Industrial Fasteners Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Industrial Fasteners Market Dynamics
- 3.1. Industrial Fasteners Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Growth in the building and construction industry
- 3.1.1.2. Rising Demand from Aerospace Industry
- 3.1.1.3. Growing Renewable Energy Sector
- 3.1.2. Market Challenges
- 3.1.2.1. Lack of Raw Materials, such as alloys and stainless steel
- 3.1.3. Market Opportunities
- 3.1.3.1. Substitution of Metal Fasteners with Plastic Fasteners
- 3.1.3.2. Increasing Investments in the Oil and Gas Industry
Chapter 4. Global Industrial Fasteners Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Industrial Fasteners Market, by Material
- 5.1. Market Snapshot
- 5.2. Global Industrial Fasteners Market by Material, Performance - Potential Analysis
- 5.3. Global Industrial Fasteners Market Estimates & Forecasts by Material 2020-2030 (USD Billion)
- 5.4. Industrial Fasteners Market, Sub Segment Analysis
- 5.4.1. Metal
- 5.4.2. Plastic
Chapter 6. Global Industrial Fasteners Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Industrial Fasteners Market by Product, Performance - Potential Analysis
- 6.3. Global Industrial Fasteners Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
- 6.4. Industrial Fasteners Market, Sub Segment Analysis
- 6.4.1. Externally Threaded
- 6.4.2. Internally Threaded
- 6.4.3. Non-Threaded
- 6.4.4. Aerospace Grade
Chapter 7. Global Industrial Fasteners Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Industrial Fasteners Market by Application, Performance - Potential Analysis
- 7.3. Global Industrial Fasteners Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 7.4. Industrial Fasteners Market, Sub Segment Analysis
- 7.4.1. Automotive
- 7.4.2. Aerospace
- 7.4.3. Building & Construction
- 7.4.4. Furniture
- 7.4.5. Industrial Machinery
- 7.4.6. Lawns & Gardens
- 7.4.7. Home Appliances
- 7.4.8. Motors & Pumps
- 7.4.9. Others
Chapter 8. Global Industrial Fasteners Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Industrial Fasteners Market, Regional Market Snapshot
- 8.4. North America Industrial Fasteners Market
- 8.4.1. U.S. Industrial Fasteners Market
- 8.4.1.1. Material breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Product breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Industrial Fasteners Market
- 8.5. Europe Industrial Fasteners Market Snapshot
- 8.5.1. U.K. Industrial Fasteners Market
- 8.5.2. Germany Industrial Fasteners Market
- 8.5.3. France Industrial Fasteners Market
- 8.5.4. Spain Industrial Fasteners Market
- 8.5.5. Italy Industrial Fasteners Market
- 8.5.6. Rest of Europe Industrial Fasteners Market
- 8.6. Asia-Pacific Industrial Fasteners Market Snapshot
- 8.6.1. China Industrial Fasteners Market
- 8.6.2. India Industrial Fasteners Market
- 8.6.3. Japan Industrial Fasteners Market
- 8.6.4. Australia Industrial Fasteners Market
- 8.6.5. South Korea Industrial Fasteners Market
- 8.6.6. Rest of Asia Pacific Industrial Fasteners Market
- 8.7. Latin America Industrial Fasteners Market Snapshot
- 8.7.1. Brazil Industrial Fasteners Market
- 8.7.2. Mexico Industrial Fasteners Market
- 8.8. Middle East & Africa Industrial Fasteners Market
- 8.8.1. Saudi Arabia Industrial Fasteners Market
- 8.8.2. South Africa Industrial Fasteners Market
- 8.8.3. Rest of Middle East & Africa Industrial Fasteners Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Acument Global Technologies, Inc.
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. LISI Group
- 9.3.3. Stanley Black & Decker, Inc.
- 9.3.4. Arconic Corporation
- 9.3.5. Hilti Corporation
- 9.3.6. MacLean-Fogg Company
- 9.3.7. Nifco Inc.
- 9.3.8. MISUMI Group Inc.
- 9.3.9. Illinois Tool Works Inc.
- 9.3.10. Eastwood Manufacturing
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption
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