Industrial Fasteners Market Report 2025

The industrial fasteners market size has grown strongly in recent years. It will grow from $94.44 billion in 2024 to $100.03 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to manufacturing and construction growth, automotive industry expansion, globalization of supply chains, infrastructure development projects, quality and standardization requirements.

The industrial fasteners market size is expected to see strong growth in the next few years. It will grow to $128.2 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rise of renewable energy projects, e-commerce impact on distribution, sustainable fastener solutions, automotive lightweighting initiatives, shift towards lightweight materials. Major trends in the forecast period include high-performance materials, digitalization and industry 4 integration, customization and specialty fasteners, digitalization of inventory management, technological integration in fastener design.

The growing demand for construction activities is anticipated to drive the growth of the industrial fasteners market in the future. Construction involves assembling various elements to create a structure in a specific location, based on a detailed design and plan. Industrial fasteners, which include tools like bolts, nuts, screws, rivets, nails, washers, and studs, provide shear strength and corrosion resistance, making them vital in construction. As the demand for construction rises, so does the demand for industrial fasteners. For example, in February 2024, Eurostat, a Luxembourg-based government agency, reported that the average annual building production in the EU and the euro area rose by 0.1% and 0.2%, respectively, compared to 2022. Hence, the increasing demand for construction activities is propelling the growth of the industrial fasteners market.

The anticipated increase in manufacturing activities is expected to contribute to the growth of the industrial fasteners market in the future. Manufacturing encompasses the processes involved in producing goods from raw materials or components. Industrial fasteners are crucial components used in manufacturing to connect or affix different parts, ensuring structural integrity and proper functioning of machinery and equipment. Consequently, a rise in manufacturing activities leads to growth in the industrial fasteners market. For instance, in September 2023, The Economic Times, an India-based daily newspaper, reported that in July 2023, India’s manufacturing sector output increased by 4.6%, compared to the 3.1% growth recorded in July 2022. Therefore, the uptick in manufacturing activities is driving the growth of the industrial fasteners market.

Leading companies in the industrial fasteners sector are concentrating on the development and introduction of innovative products to meet the changing demands of various industries, enhance performance, improve durability, and tackle specific challenges such as extreme temperatures, corrosion, and mechanical stress. These innovative products aim to satisfy diverse customer needs across multiple sectors by providing advanced fastening solutions that boost production efficiency and joint integrity. For example, in April 2024, TR Fastenings, a US-based provider of industrial fasteners, launched the Plas-Tech 30-20 screws specifically engineered for high-temperature environments of up to 120°C. These screws are made from modified polyphthalamide, making them ideal for automotive, electronics, and industrial applications. They offer increased strength, reduced weight, and exceptional resistance to chemicals and moisture, effectively addressing challenging conditions. This launch underscores TR Fastenings' ongoing dedication to expanding its portfolio of innovative fastener solutions for demanding environments.

Leading companies in the industrial fasteners market are directing their efforts towards the creation of innovative products, such as Optisert, to enhance their market standing. Optisert, a new round body rivet nut positioned as the best-performing in its category, was launched by Sherex Fastening Solutions, a Mexico-based company specializing in engineered fasteners, tooling, and automation, in January 2023. The introduction of Optisert represents the culmination of over five years of engineering design and research. This initiative aimed at developing a round-body fastener with enhanced strength and resistance to spin-out compared to typical standard round-body rivet nuts. Optisert is anticipated to elevate the quality of applications it serves, offering superior resistance to spin-out and pull-out failures.

In April 2022, LindFast, a US-based distributor of specialty fasteners, made a strategic acquisition of Fasteners and Fittings for an undisclosed amount. This acquisition is poised to strengthen and expand the capabilities of both companies in the North American fastener market. Additionally, LindFast stands to gain significantly from Fasteners and Fittings Inc.'s robust market position in Canada, enabling them to meet and exceed customer expectations in the Canadian market. Fasteners and Fittings Inc., based in Canada, is a manufacturer specializing in specialty fasteners.

Major companies operating in the industrial fasteners market include Arconic Corporation, Acument Global Technologies Inc., Dokka Fasteners AS, LISI Group, Nippon Industrial Fasteners Company (Nifco) Inc., Hilti Corporation, MW Industries Inc., Stanley Black & Decker Inc., ATF Inc., Birmingham Fastener Inc., Sesco Industries Inc., Brunner Manufacturing Co. Inc., Illinois Tool Works Inc., American Fastener Technologies Corporation, KD Fasteners Inc., Nifco Inc., Extreme Bolt & Fastener, Ford Fasteners Inc., Impala Bolt & Nut, Elgin Fastener Group LLC, Rockford Fastener Inc., Slidematic Precision Components Inc., Manufacturing Associates Inc., Penn Engineering & Manufacturing Corp., Delta Fastener Corp., MacLean-Fogg Company, MISUMI Group Inc., Precision Castparts Corp., SFS Group, Eurofast Global Ltd.

Asia-Pacific was the largest region in the industrial fasteners market in 2024. North America is expected to be the fastest-growing region in the industrial fasteners market report during the forecast period. The regions covered in the industrial fasteners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the industrial fasteners market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Industrial fasteners comprise a diverse category of devices and tools employed for the permanent or semi-permanent connection of two or more components or parts. Known for their robust and secure nature, these fasteners play a crucial role in enhancing safety by firmly connecting joints.

The primary types of industrial fasteners encompass externally threaded, internally threaded, non-threaded, and aerospace-grade fasteners. Among these, metal fasteners stand out as a specific type widely utilized to join multiple components, regardless of whether they are constructed from sheet metal, plastics, or other materials. The raw materials involved in the manufacturing of these fasteners include both metal and plastic. They find application in various sectors such as automotive, aerospace, construction, industrial machinery, plumbing products, and others.

The industrial fasteners market research report is one of a series of new reports that provides industrial fasteners market statistics, including industrial fasteners industry global market size, regional shares, competitors with an industrial fasteners market share, detailed industrial fasteners market segments, market trends, and opportunities, and any further data you may need to thrive in the industrial fasteners industry. The industrial fasteners market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The industrial fasteners market consists of sales of industrial fasteners and their types such as bolts, nuts, screws, rivets, nails, washers, and studs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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