Industrial Fasteners Market (By Raw Material: Plastic, Metal; By Product: Externally Threaded, Internally Threaded, Non-threaded, Aerospace Grade; By Application: Automotive, Aerospace, Building & Construction, Industrial Machinery, Home Appliances, Lawn and Garden, Motors and Pumps, Furniture, Plumbing Products) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Nov 2021 | No. of Pages : 150+ Pages | Category : Chemical and Material

The global industrial Fasteners market size is expected to be worth around US$ 121.8 billion by 2030, according to a new report by Vision Research Reports.

The global industrial fasteners market size was valued at US$ 90.12 billion in 2020 and is anticipated to grow at a CAGR of 5.1% during forecast period 2021 to 2030.

Report Coverage

Report Scope Details
Market Size US$ 121.8 billion by 2030
Growth Rate CAGR of 5.1% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Raw material, product, application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Arconic Fastening Systems and Rings; Acument Global Technologies, Inc.; ATF, Inc.; Dokka Fasteners A S; LISI Group; Nippon Industrial Fasteners Company (Nifco); Hilti Corporation; MW Industries, Inc.; Birmingham Fastener and Supply, Inc.; SESCO Industries, Inc.; Elgin Fastener Group LLC; Rockford Fastener, Inc.; Slidematic Precision Components, Inc.; Manufacturing Associates, Inc.; Eastwood Manufacturing; Brunner Manufacturing Co., Inc.; Decker Industries Corporation; Penn Engineering & Manufacturing Corporation; EJOT; Illinois Tool Works, Inc.; Stanley Black & Decker, Inc.; KOVA Fasteners Pvt. Ltd.; Standard Fasteners Ltd.; Precision Castparts Corp.

Growth Factors

Increasing mechanization and growing utilization of machinery in industrial applications are expected to drive the product demand during the forecast period. Wide product portfolio and commercial availability of application-specific bonding fasteners have propelled the market growth. In addition, innovations in dimension and materials used in fastening products have augmented their demand in industrial machinery manufacturing. Developments in fastening technology to reduce the overall weight of the machine are expected to introduce substitute products for fasteners, which is likely to have a positive impact on the market growth.

The automotive application segment accounted for the largest revenue share of the market in 2020 and is expected to continue its dominance over the forecast period. The growing demand for Electric Vehicles (EVs) is expected to boost automotive production across the globe, which, in turn, will support market growth.

By Raw Materia lAnalysis

The metal raw material segment accounted for the largest revenue share of more than 91% in 2020 owing to the high demand for metal fasteners. High tensile strength, enhanced lifespan, and durability of metal products are the factors for their popularity in industrial bonding applications. Metal fasteners are manufactured using stainless steel, nylon, aluminum, carbon steel, nickel, silicon bronze, copper, brass, alloy steel, bronze, and titanium

Plastic fasteners are increasingly becoming popular in the automotive and electronics industries for the past few years. Plastic fasteners are manufactured using materials such as Polypropylene (PP), Polyurethane (PUR), Polyvinylchloride (PVC), Polyacrylamide (PA), Polystyrene (PS), Polyethylene (PE), and nylon.

By Product Analysis

The externally threaded product segment accounted for the maximum revenue share of 48.5% in 2020. The segment is likely to maintain its dominance over the forecast period. Bolts and screws are the most commonly used types of externally threaded fasteners. 

Non-threaded fasteners include pins, washers, rivets, hooks, grommets, O-rings, clamps, cable ties, and nails. These products have numerous applications, such as in cable management and wire harnessing, and are also used to secure pipe fittings in the automotive and construction sectors. 

By Application Analysis

The automotive application segment accounted for the largest revenue share of more than 30% in 2020. Large-scale production of commercial and passenger vehicles across the globe has supported the growth of the segment. In addition, the growing demand for EVs is expected to increase the production of vehicles across the globe, which, in turn, is likely to boost the demand for fasteners in the years to come.

On the basis of application, the market has been segmented into automotive, aerospace, building & construction, industrial machinery, home appliances, lawn & gardens, motors & pumps, furniture, plumbing products, and others. The aerospace segment is estimated to register the fastest CAGR during the forecast years. 

By Regional Analysis

Asia Pacific dominated the global market with a revenue share of 42.7% in 2020. The presence of multinational and domestic players engaged in automotive, machinery, and component manufacturing operations has led to the product demand in this region. 

 Europe is a prime destination for automotive development. The presence of multinational automakers in the region coupled with enhanced production facilities and innovative manufacturing techniques has assisted the market growth. The adoption of automation in production facilities is further expected to boost market growth.

The product demand in Germany is likely to grow at a steady rate on account of the growth of the construction and manufacturing sectors. In Europe, Germany stood as the largest industrial manufacturing country, holding over 20% of the overall market share. 

Key Players

  • Arconic Fastening Systems and Rings

  • Acument Global Technologies, Inc.

  • ATF, Inc.

  • Dokka Fasteners A S

  • LISI Group - Link Solutions for Industry

  • Nippon Industrial Fasteners Company (Nifco)

  • Hilti Corporation

  • MW Industries, Inc.

  • Birmingham Fastener and Supply, Inc.

  • SESCO Industries, Inc.

  • Elgin Fastener Group LLC

  • Rockford Fastener, Inc.

  • Slidematic Precision Components, Inc.

  • Manufacturing Associates, Inc.

  • Eastwood Manufacturing

  • Brunner Manufacturing Co., Inc.

  • Decker Industries Corporation

  • Penn Engineering & Manufacturing Corporation

  • EJOT

  • Illinois Tool Works, Inc.

  • Stanley Black & Decker, Inc.

  • KOVA Fasteners Pvt. Ltd.

  • Standard Fasteners Ltd.

  • Precision Castparts Corp.

Market Segmentation

  • By Raw Material

    • Plastic

    • Metal

  • By Product

    • Externally Threaded

    • Internally Threaded

    • Non-threaded

    • Aerospace Grade

  • By Application

    • Automotive

    • Aerospace

    • Building & Construction

    • Industrial Machinery

    • Home Appliances

    • Lawn and Garden

    • Motors and Pumps

    • Furniture

    • Plumbing Products

    • Others

  • Regional

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • Spain

      • France

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

      • Indonesia

      • Thailand

      • Malaysia

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • UAE

      • Saudi Arabia

      • South Africa

The Industrial Fasteners market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Industrial Fasteners market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Industrial Fasteners market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Industrial Fasteners market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Industrial Fasteners market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Industrial Fasteners capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Industrial Fasteners by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Industrial Fasteners market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Industrial Fasteners market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Industrial Fasteners market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Industrial Fasteners industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Industrial Fasteners market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Industrial Fasteners market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Industrial Fasteners market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Industrial Fasteners market. These factors have benefited the growth of the global market for Industrial Fasteners. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Industrial Fasteners. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Industrial Fasteners are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Featured Research Reports

  • Featured Research Reports

    Aerosol Market (By Material: Steel, Aluminium; By Type: Bag-In-Valve, Standard; By Application: Personal Care, Household) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030.

  • Featured Research Reports

    Waste Management Market (By Service Type: Collection, Transportation, Disposal: By Waste Type: Industrial Waste, E-waste) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030.

  • Featured Research Reports

    Lithium Market (By Product: Carbonate, Hydroxide; By Application: Automotive, Consumer Goods, Grid Storage) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030.

  • Featured Research Reports

    Conformal Coatings Market (By Product: Acrylic, Epoxy, Urethane, Silicone, and Parylene; By Application) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030.

  • Featured Research Reports

    Polymer Foam Market (By Type: Polystyrene, Polyurethane, Polyolefin, Melamine, Phenolic, PVC; By Application) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030.