Increasing use of industrial fasteners in various end-use industries such as electrical and electronics, machinery, aerospace, and MRO (Maintenance, Repair, And Overhaul) applications is a key factor driving market revenue growth.
Market Size - USD 102.01 Billion in 2020, Market Growth - CAGR of 5.6%, Market Trends - Rising demand for advanced and innovative products from end use industries.
The global industrial fasteners market size is expected to reach USD 156.12 Billion in 2028, and register a CAGR of 5.6% during the forecast period. Rising disposable income, especially in developing countries is leading to increasing spending on electrical and electronic goods, automobiles, and real estate properties. This is expected to result in high need and demand for industrial fasteners for manufacturing electronic goods, cars, and constructing buildings, thereby driving growth of the global industrial fasteners market.
Some Key Findings From the Report:
For the purpose of this report, the global industrial fasteners market is segmented on the basis of product type, bolt and screw type, bolt size, finish, application, and region:
Product Type Outlook (Revenue, USD Billion; 2018 - 2028)
Bolt and Screw Type Outlook (Revenue, USD Billion; 2018 - 2028)
Bolt Size Outlook (Revenue, USD Billion; 2018 - 2028)
Finish Outlook (Revenue, USD Billion; 2018 - 2028)
Application Outlook (Revenue, USD Billion; 2018 - 2028)
Region Outlook (Revenue, USD Billion; 2018 - 2028)
Reasons to Buy the Report
Market Size - USD 102.01 Billion in 2020, Market Growth - CAGR of 5.6%, Market Trends - Rising demand for advanced and innovative products from end use industries.
The global industrial fasteners market size is expected to reach USD 156.12 Billion in 2028, and register a CAGR of 5.6% during the forecast period. Rising disposable income, especially in developing countries is leading to increasing spending on electrical and electronic goods, automobiles, and real estate properties. This is expected to result in high need and demand for industrial fasteners for manufacturing electronic goods, cars, and constructing buildings, thereby driving growth of the global industrial fasteners market.
Some Key Findings From the Report:
- Among the product segments, the externally threaded fasteners segment accounted for the largest revenue share of 42.7% in 2020. This is due to increasing use of externally threaded fasteners such as screws, bolts, studs, and pins in various sectors such as automobiles, electronics, packaging, and construction, among others.
- The Asia Pacific market accounted for the largest revenue share in 2020, valued at USD 34.22 Billion in 2020. This is due to rapidly growing end-use industries, and constant advancements by major players operating in countries in the region.
- Key players profiled in the report include Arconic Inc., Precision Castparts Corporation, Illinois Tool Works Incorporated (ITW), Acument Global Technologies, ATF Inc., Dokka Fasteners Inc., LISI Group - Link Solutions for Industry, Nippon Industrial Fasteners Company (Nifco), Stanley Black & Decker, Inc. and Penn Engineering. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global industrial fasteners market is segmented on the basis of product type, bolt and screw type, bolt size, finish, application, and region:
Product Type Outlook (Revenue, USD Billion; 2018 - 2028)
- Externally Threaded Fasteners
- Aerospace Grade Fasteners
- Other Standard Fasteners
Bolt and Screw Type Outlook (Revenue, USD Billion; 2018 - 2028)
- Anchor Bolts
- Carriage Bolts
- Flange Bolts
- Hex Head Bolts
- Hex Tap Bolts
- Lag Bolts
- Machine Bolts
- Deck Screws
- Hex Lag Screws
- Self-Drilling Screws
- Sheet Metal Screws
- Wood Screws
- Others
Bolt Size Outlook (Revenue, USD Billion; 2018 - 2028)
- Less than 1/4"
- 1/4"- 3/4"
- 3/4" - 1”
- More than 1”
Finish Outlook (Revenue, USD Billion; 2018 - 2028)
- Zinc
- Zinc Dichromate
- Cadmium Dichromate
- Cadmium
- Phosphate, Black Phosphate
- Chrome
- Nickel
- Carbon & Stainless Steel
- Others
Application Outlook (Revenue, USD Billion; 2018 - 2028)
- Automotive OEM
- Machinery OEM
- Others OEM
- MRO (Maintenance, Repair, And Overhaul)
- Construction
Region Outlook (Revenue, USD Billion; 2018 - 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Industrial Fasteners Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Industrial Fasteners Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Industrial Fasteners Market Segmentation & Impact Analysis
Chapter 5. Industrial Fasteners Market By Product Insights & Trends
Chapter 6. Industrial Fasteners Market By Application Insights & Trends
Chapter 7. Industrial Fasteners Market By Screw Type Insights & Trends
Chapter 8. Industrial Fasteners Market By Bolt Size Insights & Trends
Chapter 9. Industrial Fasteners Market By Finishes Insights & Trends
Chapter 10. Industrial Fasteners Market Regional Outlook
Chapter 11. Competitive Landscape
Chapter 12. Company Profiles
Companies Mentioned
- Arconic Inc.
- Precision Castparts Corporation
- Illinois Tool Works Incorporated
- Acument Global Technologies
- ATF Inc.
- Dokka Fasteners Inc.
- LISI Group - Link Solutions for Industry
- Nippon Industrial Fasteners Company
- Stanley Black & Decker Inc.
- Penn Engineering