Industrial Fasteners Market By Raw Material, By Product (Externally Threaded, Non-threaded Threaded, Internally Threaded, and Aerospace Grade), By Application - Global Industry Outlook, Key Companies (MW INDUSTRIES, ILLINOIS TOOL WORKS, SLIDEMATIC, and others), Trends and Forecast 2025-2034

Industrial fasteners are hardware devices that include bolts, screws, nuts, washers, and rivets used to join or secure two or more objects together. Fasteners are critical in numerous industries, like construction, automotive, aerospace electronics, and machinery manufacturing. Fasteners must provide strong connections that withstand forces like vibrations or environmental stresses without failing; this requires materials like steel, brass, aluminum, or specialty alloys with specific strength requirements, corrosion resistance, or heat resistance properties.

The demand for industrial fasteners has steadily grown worldwide due to industrialization and urbanization. Industries like construction & automotive are major drivers of this increase; electric vehicle (EV), renewable energy project development, and infrastructure expansion projects have all played their part. Furthermore, lightweight and high-performance fasteners have become more in demand in the aerospace and automotive sectors in an attempt to increase efficiency while decreasing weight.

Also, shift towards customized and specialized fasteners designed for specific applications. Manufacturers are designing innovative designs & materials to address specific industrial needs. 3D printing technologies, including SLA, have also become more prevalent, producing complex fastener components. Furthermore, smart fasteners with sensors for monitoring structural integrity are becoming highly prevalent, mainly within high-tech sectors like aerospace and defense.

In the recent past, global supply chains have been disrupted, impacting raw material availability and leading to delays in faster production and delivery. Yet despite these difficulties, the fastener industry showed resilience by recovering quickly owing to higher demand from essential sectors like healthcare, infrastructure, and electronics. Rising raw material costs and environmental concerns prompted manufacturers to explore more eco-friendly manufacturing practices and eco-friendly materials.

Moreover, in the coming years, the industrial fasteners market is projected to experience substantial growth driven by technological advancements, urbanization, and sustainability trends. To remain competitive in an evolving industrial landscape, manufacturers must focus on innovation, automation and eco-friendly practices in order to remain cost-competitive and ensure fasteners remain an integral component in safeguarding safety, reliability and performance for numerous applications worldwide.

The US Industrial Fasteners Market

The US Industrial Fasteners Market is projected to reach USD 26.5 billion in 2025 at a compound annual growth rate of 4.9% over its forecast period.

The industrial fasteners market in the US provides growth potential through growth in demand in sectors like automotive, aerospace, and construction. Investment in infrastructure projects, specifically roads and bridges, has created an increased need for fasteners. Furthermore, electric vehicle adoption and advanced manufacturing technologies provide new opportunities for innovative yet lightweight and durable fasteners to be introduced into emerging industries.

Industrial fastener markets in the US are being propelled forward by rising demand in sectors like automotive, aerospace, and infrastructure production, as well as developments in electric vehicle production. However, these industries face many obstacles, like fluctuating raw material costs and supply chain disruptions that impede production and drive prices higher; competition from low-cost producers could limit domestic fastener producers from realizing their full growth potential.

Industrial Fasteners Market: Key Takeaways

• Market Growth: The Industrial Fasteners Market size is expected to grow by 57.6 billion, at a CAGR of 5% during the forecasted period of 2026 to 2034.
• By Raw Material: The metal segment is anticipated to get the majority share of the Industrial Fasteners Market in 2025.
• By Application: The automotive sector is expected to be leading the market in 2025
• By Product: The externally threaded segment is expected to get the largest revenue share in 2025 in the Industrial Fasteners Market.
• Regional Insight: APAC is expected to hold a 45.5% share of revenue in the Global Industrial Fasteners Market in 2025.
• Use Cases: Some of the use cases of Industrial Fasteners include construction & infrastructure, aerospace & defense, and more.

Industrial Fasteners Market: Use Cases:

• Construction and Infrastructure: Fasteners like bolts, nuts, and washers are used in assembling steel structures, bridges, and buildings to ensure stability and durability.
• Automotive and Transportation: Important for assembling vehicle components like engines, chassis, and interiors, providing strength and vibration resistance.
• Aerospace and Defense: Lightweight, high-strength fasteners are used to withstand extreme conditions in aircraft & military equipment.
• Electronics and Appliances: Miniature fasteners secure components in devices like smartphones, laptops, and household appliances, ensuring precision and reliability.

Stats & Facts

• According to Jahani & Associated, Between Q1 2020 and Q3 2024, the US dominated the mechanical fasteners sector, accounting for 74% of the total capital investment of USD 37.06 billion and 46% of global M&A deal counts. This reflects the significant size of the US industrial sector and its high levels of market consolidation.
• Further, Switzerland ranked second, attracting USD 2.16 billion (4% of total capital), while South Korea and Canada followed, each investing USD 1.56 billion and USD 1.24 billion (approx 3% each). These countries represent smaller but important contributors to the global fastener market.
• In addition, in Europe, countries like the UK, France, and Italy captured 2–3% of capital investments in mechanical fasteners. By deal count, the UK led with 8%, followed by Germany at 7%, France at 6%, Italy at 5%, and Canada at 4%.
• Also, Sweden contributed 3% to the total deal count, while the remaining 21% of transactions were spread across numerous other countries, which indicates global participation in the market, though it is heavily concentrated in North America and Europe.
• As per the Industrial Fasteners Institute, The Fastener Quality Act (FQA), signed into law on June 8, 1999, ensures the safety, reliability, and performance of industrial fasteners used in critical applications. This legislation remains significant for maintaining quality standards.
• As per India Brand Equity Foundation (IBEF), India’s engineering sector allows 100% FDI, and the government’s Scheme for Enhancement of Competitiveness in the Capital Goods Sector Phase II includes a USD 145.1 million outlay to boost innovation and infrastructure.
• In addition Indian Electrical Equipment Industry, Mission Plan (2012–22) aims to establish India as a global hub for electrical equipment production, targeting USD 100 billion in output and reducing the trade deficit in the sector.
• Also, In October 2022, NSIC partnered with Phillips Machine Tools India Pvt. Ltd. to promote skill development in additive manufacturing technologies, which represent the future of industrial production.
• Moreover, the Indian government has allocated USD 133.5 billion for infrastructure capital expenditure in the Union Budget 2024-25, reflecting its commitment to large-scale development.
• Also, the Ministry of Road Transport & Highways in India plans to construct 13,814 km of national highways in FY24 and extend the network to 2 lakh km by 2025, demonstrating its ambitious infrastructure goals.
• Further, The Urban Infrastructure Development Fund (UIDF), managed by the National Housing Bank, aims to support infrastructure projects in Tier 2 and Tier 3 cities. It will enhance funding opportunities and drive urban development across India.

Market Dynamic

Driving Factors in the Industrial Fasteners Market

Infrastructure Development and Urbanization
Infrastructure projects like roads, bridges, buildings, and transportation systems are driving forces behind industrial fasteners market growth. Fast urbanization in emerging economies has increased the need for construction materials like fasteners to support large-scale projects; governments' focus on smart cities & sustainable development further fuels this demand for high-quality yet durable fasteners in construction.

Technological Advancements in Automotive and Aerospace
With the growth in the production of electric vehicles (EVs) and developments in aerospace technologies comes a growth in the need for lightweight yet specialized fasteners. Automakers' focus on minimizing weight and improving fuel economy has necessitated innovative materials like aluminum and titanium fasteners, while aerospace needs strong, corrosion-resistant fasteners to meet safety and performance standards, fuelling market growth across these two sectors.

Restraints in the Industrial Fasteners Market

Volatility in Raw Material Prices
Price fluctuations for materials like steel, aluminum, and titanium create significant instability within the industrial fastener market. A rise in costs impacts production expenses and profit margins of manufacturers (particularly small/medium enterprises). Furthermore, increased costs impact end users directly as overall costs for finished products increase, potentially decreasing demand in price-sensitive markets.

Substitutes and Alternative Joining Methods
The rising use of welding, adhesives, and other joining technologies as alternatives to fasteners has harmed market growth. Industries like automotive and aerospace increasingly utilize adhesives for lightweight assemblies with seamless finishes; this alternative reduces the number of fasteners needed, creating challenges to traditional fastener manufacturers trying to maintain market share.

Opportunities in the Industrial Fasteners Market

Demand for Sustainable and Eco-Friendly Fastener
Environmental concerns create an opportunity for manufacturers to build fasteners from recyclable and eco-friendly materials. More industries are switching toward green building practices and sustainable production methods that take advantage of low-carbon fasteners that reduce emissions; companies that invest in eco-friendly innovations may gain a competitive edge by reaching into environmentally conscious markets.

Rising Adoption of Smart Fasteners
The growth of smart fasteners equipped with sensors for real-time monitoring creates significant growth opportunities, mainly within industries like aerospace, automotive, and construction. IoT (Internet of Things) technology also allows predictive maintenance services that reduce downtime for added customer value.

Trends in the Industrial Fasteners Market

Customization and Specialized Fasteners
There has been a recent trend towards custom-designed fasteners developed mainly for industrial use. Manufacturers have responded by developing fasteners with unique designs, materials, and coatings to meet the needs of sectors like aerospace, automotive, renewable energy, etc. Such fasteners address challenges related to high-temperature resistance, lightweight construction, and better durability, fulfilling changing industry demands while meeting customized fastener specifications.

Automation and Advanced Manufacturing
The growth in the use of advanced manufacturing technologies like 3D printing and robotic assembly is transforming the fastener industry. Automated systems now demand precise yet quick fasteners that are self-locking or self-tapping leading to self-locking or self-tapping variants designed mainly to install quickly into automated systems. Industry 4.0 practices like AI-driven quality control have further increased production efficiencies while improving accuracy levels.

Research Scope and Analysis

By Raw Material

Metal fasteners are projected to generate the highest revenue within the industrial fastener market by 2025 and remain a frontrunner throughout their forecast period. Metal fasteners' success can be attributed to their superior tensile strength, driving demand across an array of industries. Common types of metal fasteners made from steel, alloys, bronze, and titanium include bolts, screws, and clamps that use such fasteners as essential industrial components. 

Metal materials are readily available, providing convenient and dependable options for industrial applications. Metal fasteners offer excellent resistance against pressure & load, making them suitable for heavy-duty construction projects along with industrial uses. Metal fasteners' strong holding capacity and durability ensure superior performance and safety in demanding environments, making them the go-to solution for industrial and construction sectors, fueling significant growth in these fields.

Further, plastic fasteners are anticipated to experience growth in market share over time due to their affordability and lightweight properties. Plastic fasteners are highly attractive to consumers due to their lower costs and wide availability, providing an economical option for various applications. Fasteners made from lightweight materials are mainly becoming a necessity in industries like automotive and aerospace engineering, where efficiency gains can be obtained while simultaneously decreasing weight. 

Plastic fasteners provide many unique advantages over their steel counterparts, like corrosion and chemical resistance, providing durability in particular environments. Their combination of affordable, versatile and lightweight properties drives demand and ensures continued expansion for this segment of fasteners in the coming years.

By Product

Externally threaded fasteners are projected to lead the industrial fastener market in 2025, accounting for the highest revenue share. Bolts and screws, the most prevalent externally threaded fasteners, dominate the market due to their versatility and wide variety of applications. Bolts are in high demand as they come in various styles and sizes to meet a range of industrial and construction applications. Non-threaded fasteners are projected to represent the second-largest revenue share by 2025, and strong growth is anticipated during this forecast period. 

Non-threaded fasteners have seen tremendous growth within the construction industry due to their usage in applications like subflooring, decking, and roofing projects, often providing strength and durability that are crucial for heavy-duty applications like subflooring or decking projects. Their versatility makes them vital tools in construction endeavors.

Further, aerospace-grade fasteners are expected to experience rapid growth over the coming years owing to their unique specifications and key role within the aerospace industry. Aerospace fasteners differ mainly from ordinary commercial-grade fasteners in that they must meet stringent quality and performance specifications, as they're used in high-stress environments. Common examples of aerospace fasteners like fiber insert nuts and castle nuts for reliable performance. Also, internally threaded fasteners hold an impressive market share, with stainless steel being the material of choice due to its strength and corrosion resistance. 

Other materials, including brass, alloy steel, and aluminum, are sometimes also employed for specific applications. Innovations in design aimed at increasing performance levels, such as increased impact resistance or vibration resistance, should contribute to their continued rise during the forecast period.

By Application

The automotive sector is expected to lead the industrial fasteners market in 2024, holding the largest share. This dominance is driven by the growing number of automotive manufacturing plants worldwide, which increases the demand for fasteners like nuts, bolts, screws, panels, rivets, and studs used extensively in vehicles. The automotive industry relies heavily on these components for assembly, ensuring strength, safety, and durability in vehicles. Additionally, the rising production of electric vehicles (EVs) is significantly impacting the demand for lightweight fasteners as manufacturers focus on reducing vehicle weight to improve efficiency, which is anticipated to boost the industrial fasteners market further, keeping the automotive segment at the forefront during the forecast period.

Further, the aerospace sector is also expected to experience significant growth in the coming years due to its growing demand for high-quality, reliable fasteners. Aircraft manufacturing requires fasteners that can endure extreme conditions, like high pressure, temperature variations, and vibrations, making them critical components in aerospace production. The growing production of airplanes and aircraft for both commercial and defense purposes is driving this demand. In particular, the defense sector is driving the need for durable and advanced fasteners as countries invest in strengthening their military capabilities. With constant developments in aviation and increasing aircraft production, the aerospace segment is projected to emerge as a key growth area for the industrial fasteners market during the forecast period.

The Industrial Fasteners Market Report is segmented on the basis of the following

By Raw Material

• Metal
• Plastic

By Product

• Externally Threaded
• Non-threaded Threaded
• Internally Threaded
• Aerospace Grade

By Application

• Automotive
• Industrial Machinery
• Aerospace
• Building & Construction
• Home Appliances
• Motor & Pumps
• Furniture
• Plumbing Products
• Lawn & Garden
• Others

Regional Analysis

Asia Pacific is set to dominate the industrial fasteners market, accounting for 45.5% of total revenue share by 2025. Rapid economic expansion in the region has created an urgent need for better infrastructure like roads, harbors, airports, and rail transportation networks. As more mergers, acquisitions, industrial integration, site relocations, and related activities take place, industrial development has experienced unprecedented momentum. 

Emerging economies like India, Vietnam, Thailand, and Malaysia are experiencing growth in construction activities across infrastructure & industrial sectors, which in turn grows the demand for industrial fasteners across these economies. Market expansion in these emerging nations is further supported by expanding manufacturing bases, available raw materials, and lower production costs, which make these emerging nations hubs for fastener production and consumption.

Further, North America is home to various major fastener manufacturers, distributors, and suppliers, serving both local and global markets. The region enjoys efficient direct distribution channels, which improve supply chain management and provide consumers with a better consumer experience. Plastic fasteners' use in building and construction activities should help the market experience steady expansion during the forecast period. 

Europe is poised for rapid industrial fastener growth due to its flourishing automotive sector. Major automotive manufacturers like Mercedes-Benz, Renault, Fiat, Volkswagen and Ford are investing heavily in developing lightweight yet sturdy vehicles. Innovation and efficiency are increasing demand for automotive fasteners in Europe, making the region one of the primary players on the global market. Together, these developments underscore industrial fasteners market's robust global growth.

By Region

North America

• The U.S.
• Canada

Europe

• Germany
• The U.K.
• France
• Italy
• Russia
• Spain
• Benelux
• Nordic
• Rest of Europe

Asia-Pacific

• China
• Japan
• South Korea
• India
• ANZ
• ASEAN
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Argentina
• Colombia
• Rest of Latin America

Middle East & Africa

• Saudi Arabia
• UAE
• South Africa
• Israel
• Egypt
• Rest of MEA

Industrial Fasteners Market: Competitive Landscape

The industrial fasteners market is highly competitive, featuring various manufacturers, distributors, and suppliers worldwide. Companies focus on offering fasteners made of various materials like metals and plastics to service industries such as automotive, aerospace, construction, and manufacturing. Product innovations, like lightweight corrosion-resistant fasteners, drive competition further, while market players also prioritize improving distribution networks and supply chain efficiencies along with offering customized solutions tailored towards meeting individual customer requirements, ensuring strong competition on regional as well as global levels.

Some of the prominent players in the global Industrial Fasteners are

• MW INDUSTRIES
• ILLINOIS TOOL WORKS
• SLIDEMATIC
• HILTI CORP
• ARCONIC FASTENING SYSTEMS AND RINGS
• SESCO INDUSTRIES
• DOKKA FASTENERS
• EASTWOOD MANUFACTURING
• ATF
• MANUFACTURING ASSOCIATES
• OTHER KEY PLAYERS

Recent Developments

• In January 2025, Anchor Bolt & Supply announced its partnership with Birmingham Fastener, the leading manufacturer and distributor of American-made fasteners. The collaboration combines the strengths of both companies to give customers in West Texas better quality, service, and inventory.
• In December 2024, Sterling Tools Limited (STL) announced a strategic partnership with China’s Meishuo Electric, a renowned manufacturer of electrical components. The partnership focuses on bringing advanced power transmission solutions to the Indian market, improving the efficiency and reliability of the country's power infrastructure. It also marks a major milestone for both companies, promising to drive innovation and growth in India's power transmission industry.
• In August 2024, Montage Partners announced its investment in Military Fasteners, as Military Fasteners play a critical role in the aerospace and defense supply chain given the vitality of reducing fleet downtime during maintenance, repair, and overhaul operations.
• In July 2024, Lamons announced the acquisition of Auge Industrial Fasteners, as the acquisition with AUGE creates a major milestone in its commitment to further strengthen and vertically integrate its operations and supply chain capabilities. The addition of AUGE to the Lamons platform is expected to improve the company's ability to meet growing market demands from its broad base of blue-chip customers worldwide with a best-in-class service delivery model across a more regionally-focused and dynamic global supply chain.