Industrial Fasteners Market Research Report

Industrial Fasteners Market - Global Outlook & Forecast 2020-2025

PUBLISHED DATE : Sep 2020 | Pages : 279

Up to $1000 off Untill Oct 2020


Industrial Fasteners Market Size, Share, & Trends Analysis Report By Material (Metal and Non-metal), Type (Threaded, Non-threaded, and Specialty), End-users (Automotive, Aerospace, Construction, Industrial & Consumers Machinery, and Consumer Appliances and Furniture), and Geography (North America, Middle East & Africa, APAC, Latin America, and Europe), Industry Analysis Report, Regional Outlook, Growth Trends, Competitive Landscape, Share & Forecast, 2020–2025

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Most Exhaustive Report

279 Pages

95 Tables

87 Charts

5 Regions

17 Countries

33 Companies

4 Market Segment

Industrial Fasteners Market Report scope

Report Attribute Details
Market Size (revenue) USD 117 BILLION (2025)
CAGR 5% (2020-2025)
Base Year 2019
Forecast Year 2020-2025
Market Segments Material (Metal and Non-metal), Type (Threaded, Non-threaded, and Specialty), End-users (Automotive, Aerospace, Construction, Industrial & Consumers Machinery, and Consumer Appliances and Furniture)
Geographic Analysis North America, Europe, APAC, Latin America, and Middle East & Africa
Countries Covered US, Canada, UK, Germany, France, Italy, Spain, China, Japan, South Korea, Australia, Singapore, Brazil, Mexico, South Africa, UAE, and Saudi Arabia


The global industrial fasteners market is set to display impressive growth during the forecast period Increased diversity of substrate materials driven by continuously evolving end-user expectations and the rise of industry 4.0 and IoT are the major factors influencing the growth of the market. Innovative manufacturing, which was once a stronghold of the US and a few European economies such as France, Italy, and Germany, has expanded in emerging economies, with next-generation largescale manufacturing centers to be planned predominantly in the APAC region. The same is likely to be complemented greatly by an overwhelming rise in the global automation expenditure. The demand for industrial fastening solutions is driven by tremendous manufacturing and construction growth in countries such as India and China, supported by favorable demographics, large indigenous consumption, and a supportive regulatory and investment environment. The establishment of semiconductor fabs and electronic assembly units in Japan, South Korea, Taiwan, and China, which involve the highest degree of innovations, is set to increase the demand for ingenious and specialty fasteners.

The global industrial fasteners market suffered a downfall during the COVID-19 crisis as most economic activities were halted during Q1 and Q2 2020. Major revenue-generating end-users of construction, automotive, machinery, and aerospace manufacturing activities were affected, leading to a decline in demand for new fasteners.


  • The fasteners market size in India is expected to reach over $10 billion by 2025 on account of the growing automotive industry and the increase in the number commercial aircraft.
  • The construction segment is projected to grow at a CAGR of close to 5% during the period 2019¬–2025 due to the growth in residential, commercial, and civic infrastructure sectors
  • The U.S. fastener market size is likely to reach a revenue mark of over $23 billion by 2025 due to the increase in automotive, aerospace, and machine manufacturing, building and infrastructure construction activities.
  • The metal fasteners segment is likely to reach close to $101 billion by 2025 driven by the popularity of specialty, miniature, and hybrid fasteners.


This research report includes a detailed segmentation by

  • Material
  • Type
  • End-users
  • Geography


Industrial metal fasteners accounted for the largest share in 2019. These fasteners have high application in automotive, aerospace, construction, electronics, machinery, and consumer appliances. Manufacturing of innovative products such as specialty, miniature, and hybrid fasteners to meet the changing consumer demand will complement growth. However, the substitution of metal fasteners with adhesives and tapes in bonding and NVH applications, especially in the automotive industry, is expected to hamper the growth of the industrial fasteners market.

The non-metal fasteners market is expected to reach over $16 billion by 2025. By adding high-tech coatings, nylon fasteners and fittings become corrosion resistant and get excellent electrical insulating properties, which makes them appropriate to use in several industries, including high-tech and electronics sectors. A large number of industries depend on plastic and non-metallic fasteners to integrate technology into their products. Hence, plastics and non-metallic fasteners show high growth opportunities.


The global automotive fasteners market is expected to reach over $34 billion by 2025. The adoption of fasteners in both automobile and automobile manufacturing units has grown considerably. With globalization, more foreign players are scaling up their operations and expanding their footprint in APAC and Latin American countries to benefit from favorable FDI and other corporate-friendly policies. Europe and North America are facing increased competition from APAC-based vehicle manufacturers.

The global aerospace parts market is expected to grow at a CAGR of around 6% during the period. Fasteners are critical for the structural and operational integrity of aircraft, rockets, and fighter jets and have major technological and production hubs in North America and Europe. Specialty fasteners are extensively deployed across the aerospace industry with thousands of components sourced and assembled at various hierarchies. Emerging countries such as India, Brazil, and South Africa have observed tremendous growth opportunities in the aerospace industry over the last five years with increased investments.

The construction industry is the third-largest end-user segment for industrial fasteners and is expected to maintain steady growth during the forecast period. Fasteners for the construction industry have not really been affected by variances in terms of tools used to carry out construction activities. In developed economies where the prevalence of power tools is high, and in emerging economies where only manual labor could be engaged in construction activities, fasteners have only witnessed change in terms of material innovations and new designs.


The demand for threaded fasteners is likely to grow at a CAGR of over 4% during the forecast period owing to their increasing application in construction, industrial machinery, railways, cars, and motorcycle manufacturing. Innovations in design to provide better performance and vibration resistance are projected to have a positive impact on the market. Stainless steel is the most common material used for manufacturing threaded fasteners. Brass, alloy steel, and aluminum are other materials used to manufacture threaded fasteners.

The global non-threaded fasteners market is expected to reach over $37 billion by 2025. APAC is the largest market for non-threaded fasteners, and the region alone equals North America in terms of revenue increment, which presents the high potential of APAC in the non-threaded fasteners market. Automotive, aerospace, and construction are key end-users for the non-threaded fasteners market. Non-threaded fasteners mainly consist of fastening products that do not require threads and complementary components to hold the joints together. They use both metals and non-metals including plastic, special papers, and rubber as key materials.


APAC hosts one of the most robust manufacturing industries, including automotive, construction, chemicals, defense, and aerospace. The region is home to highly enthusiastic tech-savvy professionals and a hub for millennials. Millennials account for the bulk usage of tech products and are the target audience for robotic and automation vendors, especially in B2C segments. Owing to the high demand for tech products, the market in APAC holds a key area of interest for vendors in the manufacturing sector, thus presenting high demand for vendors offering fasteners for industrial and manufacturing sectors. The consumption in the APAC region is on the rise due to its enormous population and increasing disposable incomes. China is expected to add 400 million consumers whose annual incomes are more than $8,000. Similarly, India is expected to add 60 million households with an annual income of more than $6,000 by 2021. The industrial fasteners market in APAC was valued at $32.13 billion in 2019. Although weakening external demand and escalating tariffs have put reasonable pressure on the economies operating in the region, policy stimulus is expected to support production activities in case of adverse external shock.


The global industrial fasteners market is highly fragmented with no major vendors taking up a significant share in the market – the leading eight players account for around 20% of the market share. The number of fastener manufacturers is also considerable in manufacturing countries. For instance, Japan has over 3,000 manufacturers with the capacity of manufacturing fasteners worth $9 billion annually. The sale, however, was nearly half of the capacity at around $4.30 billion in 2019. Vendors are mainly located near manufacturing centers to enable collaboration on the design and development of fasteners and other assembly products. A downturn in one of the end-market categories is likely not impact the overall market. The market is characterized by vendors that are application-specific, product-specific, or multiple-service vendors at any point in time.

The industrial fasteners market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

Segmentation by Material

  • Metal
  • Non-metal

Segmentation by Type

  • Threaded
  • Non-threaded
  • Specialty

Segmentation by End-users   

  • Automotive
  • Aerospace
  • Construction
  • Industrial & Consumers Machinery
  • Consumer Appliances and Furniture

Segmentation by Geography

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Singapore
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • GCC
    • Turkey
    • Israel 
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