The market for industrial fasteners is approximated to be USD 90.57 billion in 2025, and it is projected to reach USD 104.12 billion by 2029 at a CAGR of 3.5%. The demand for industrial fasteners comes from the growth of the demand for reliable fastening solutions in all sectors such as automotive, construction, aerospace, and manufacturing. Growth in infrastructure, urbanization, and improvement in manufacturing technologies enhances the need for fasteners in the mentioned sectors. Electric vehicles add to the expansion of the automotive sector, requiring fasteners that assure high performance to ensure safety and integrity. Finally, growth in renewable energy, machinery demand, adds to market growth.
These characteristics make them suitable for the use of electronics, construction, as well as consumer goods where performance is key, and durability is important. In electronics, plastic fasteners are highly preferred because they are not electrically conductive, thus not transmitting any kind of electrical interference. Furthermore, their lightweight property makes them a preferred choice where the reduction of weight is at paramount importance. On-going trends of industrial fastener advancement in manufacturing technology, the focus on sustainability, and cost efficiency will drive further adoption, thus enabling the growth in the industrial fasteners market of plastic fasteners.
Fasteners play a key role in wind turbines, solar panels, and other renewable energy equipment assembly applications where reliability and resistance to corrosion are extremely critical. As governments and other organizations are putting huge investments in renewable energy projects to combat the rising climate, the renewable energy sector is about to expand much. Consequently, the industrial fasteners market experiences an increased demand for specialized fasteners tailored for the unique demands of the renewable energy industry, which accelerates its rapid growth.
By Raw Material, Plastic accounted for the fastest CAGR during the forecast period
Plastic industrial fasteners are expected to experience the largest growth in CAGR during the forecast period due to the mounting demand for such fastening applications across industries owing to their high resistance to corrosion and low-cost light-weight fastener. Plastic Fasteners are those that are made from materials as nylon, polypropylene or polycarbonate and offer them the advantages in the form of electrical insulation besides high resistance of corrosion and easy-to-assemble ability.These characteristics make them suitable for the use of electronics, construction, as well as consumer goods where performance is key, and durability is important. In electronics, plastic fasteners are highly preferred because they are not electrically conductive, thus not transmitting any kind of electrical interference. Furthermore, their lightweight property makes them a preferred choice where the reduction of weight is at paramount importance. On-going trends of industrial fastener advancement in manufacturing technology, the focus on sustainability, and cost efficiency will drive further adoption, thus enabling the growth in the industrial fasteners market of plastic fasteners.
By Application, Renewable energy accounted for the highest CAGR during the forecast period
Renewable energy is poised to be at the forefront and record the maximum compound annual growth rate (CAGR) throughout the forecast period. Growth in this area has increasingly been powered by the rapid global shift toward sustainable energy sources, including wind, solar, and hydroelectric power. As the demand for renewable energy infrastructure is increasing, the demand for fasteners of strength, robust performance, high quality, and durable fastening performance under various severe environmental conditions for the reliable operation and energy efficiency of renewable energy systems increases.Fasteners play a key role in wind turbines, solar panels, and other renewable energy equipment assembly applications where reliability and resistance to corrosion are extremely critical. As governments and other organizations are putting huge investments in renewable energy projects to combat the rising climate, the renewable energy sector is about to expand much. Consequently, the industrial fasteners market experiences an increased demand for specialized fasteners tailored for the unique demands of the renewable energy industry, which accelerates its rapid growth.
By Type, Bolts accounted for the highest CAGR during the forecast period
Bolts are expected to witness the highest CAGR across the forecast period. This is mainly due to their wide use in construction, automotive, aerospace, and manufacturing industries. Bolts are important fastening components because of their strength, reliability, and ease of use for joining heavy-duty materials and ensuring structural integrity. With evolution in industries, along with high demands for the best performance solution, bolts have emerged as preferred ones due to their strength at higher loads and withstanding capacity against harsh environmental conditions. Some of the driving forces behind increasing bolt demand include growing construction and infrastructure sectors and a rising automobile and aerospace sector. Also, advances in manufacturing technologies and materials are making the performance characteristics of bolts better. Therefore, it is predicted that bolts are expected to gain substantially in all aspects, mainly where safety, strength, and durability are at high value.APAC is projected to account for the highest CAGR in the industrial fastners market during the forecast period.
The Asia Pacific region, including India, China, Japan, Australia, South Korea, and the rest of Asia Pacific, is the fastest growing region in the industrial fasteners market. In India, China, and Japan, this market has been expected to grow drastically because of the increased development activities and fast economic expansion happening in these countries. Additionally, the upward trend for rising urbanization in these countries leads to a large customer base for new construction and developments activities, which contributes to market growth during the forecast period.- By Company Type: Tier 1: 65%, Tier 2: 20%, Tier 3: 15%
- By Designation: C Level: 30%, Director Level: 25%, Others: 45%
- By Region: North America: 30%, Europe: 20%, Asia Pacific: 40%, Middle East & Africa: 7%, and South America: 2%.
Companies Covered:
Companies Covered:
Illinois Tool Works, Inc. (US), Stanley Black & Decker, Inc. (US), SFS Group AG (Switzerland), Lisi Group (France), Bulten AB (Sweden), Koelner Rawlplug IP (Poland), FONTANA GRUPPO (Italy), Birmingham Fastener and Supply Inc (US), MW Industries, Inc. (US), Hilti Group (Liechtenstein) are some key players in industrial fastneners Market.Research Coverage
The market study covers the industrial fastneners market across various segments. It aims to estimate the market size and the growth potential of this market across different segments based on raw materials, type, product, application, sales channel and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the industrial fastneners market.Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall industrial fastneners market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.The report provides insights on the following pointers:
- Analysis of key drivers (Increasing Demand from the Automotive Sector, Growing Infrastructure Investments Across the Globe, and Advancements in Manufacturing Technology), restraints (Fluctuating Raw Material Prices), opportunities (Rapid Urbanization in Africa and Asia and Expansion in Aerospace & Renewable Energy sector), and challenges (Counterfeiting and Quality Issues and Diverse Regional Regulations) influencing the growth of the industrial fastneners market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the industrial fastneners market
- Market Development: Comprehensive information about profitable markets - the report analyses the industrial fastneners market across varied regions
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the industrial fastneners market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like as Illinois Tool Works Inc. (US), Stanley Black & Decker, Inc. (US), SFS AG (Switzerland), Lisi Group (France), Bilten AB (Sweden), Kowlner Rawlplug IP (Poland), FONTANA GRUPPO (Italy), Birmingham Fasteners and Supply Inc. (US), MW Industries (US), Hilti Group (Liechtenstein) and others in the industrial fastneners market. The report also helps stakeholders understand the pulse of the industrial fastneners market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 Introduction
2 Research Methodology
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Industrial Fasteners Market, by Material
8 Industrial Fasteners Market, by Type
9 Industrial Fasteners Market, by Product
10 Industrial Fasteners Market, by Application
11 Industrial Fasteners Market, by Sales Channel
12 Industrial Fasteners Market, by Region
13 Competitive Landscape
14 Company Profiles
15 Adjacent and Related Markets
16 Appendix
List of Tables
List of Figures
Companies Mentioned
- Illinois Tool Works Inc.
- Stanley Black & Decker, Inc.
- Sfs Group AG
- Lisi Group
- Bulten Ab
- Koelner Rawlplug IP
- Fontana Gruppo
- Birmingham Fastener and Supply Inc.
- Mw Industries (Mwi)
- Hilti Group
- Maclean-Fogg Component Solutions (Mfcs)
- Misumi Group Inc.
- Precision Castparts Corp.
- Vescovini Group
- Kamax
- Böllhoff Group
- Agrati Group
- Koninklijke Nedschroef
- Nifco Inc.
- Peiner Umformtechnik GmbH
- Pühl GmbH & Co. KG
- Growermetal S.P.A.
- Sesco Industries
- Brugola Oeb Industriale S.P.A.
- Shanghai Autocraft Co. Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 328 |
Published | February 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 90.57 Billion |
Forecasted Market Value ( USD | $ 104.12 Billion |
Compound Annual Growth Rate | 3.5% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |