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The global industrial fasteners market size was estimated at USD 75.7 billion in 2019 and is expected to reach USD 87.1 billion by 2027, growing with a CAGR of 5.7% over the forecasted period of 2021 to 2027. Increase in customer fastener producing coupled with product penetration of plastic variants in the automatic industry is expected to boost the industrial fastener market growth.

Moreover, shifting manufacturing trends towards manufacturing innovative products like miniature, specialty, and hybrid fasteners will tap the changing consumer demand are expected to bode well for growth. Furthermore, increase in market participants in engaging in acquisitions and merging to raise production capacities, geographical reach and product variation, thereby strengthening their position in the market. 

The U.S. is highly involved in high volume export and import trading in the international market. The import partners for the country includes Japan, Taiwan, China, South Korea, Germany, Canada, France, India and Mexico. Moreover, the country is also major manufacturer of the product with the presence of big players such as Illinois Tool Works, Inc., ATF Inc., and Acument Global Technologies. However, raising metal prices coupled with the increasing demand in other application industries like construction and machine manufacturing is expect to restrict the raw material supply for industrial fasteners.  In addition, with the presence of diversified suppliers with high production volume is projected to hamper the dominance of raw material suppliers, thereby affecting the industrial fasteners market.

The customers which are especially from the aerospace and automotive sector claim compensation from the producer in case of any faults regarding the quality of fasteners. Thus, these products are subjected to hard quality checks to meet standards including ASME, ASTM, JIS, BS and DIN to avoid such types of claim. In addition technological advancement has been initiated for the development of industrial fasteners such as the implementation of IoT to increase the performance and productivity is also a major factor which contribute towards the growth of the global industrial fasteners market. Moreover, raising expansion activities in the construction activities in various countries act as a result of increasing population and rapid urbanization which has led to an raise in  the infrastructure development which is another factor increasing the demand for the industrial fasteners market globally.

Geographical Coverage 

Asia-Pacific market holds the major share in the year 2019 and it expected to retain its dominant during the forecast period owing to the increasing adoption of industrial fasteners as a result of the rapid expansion in the industrial activities. Moreover, regular expansion in the automotive industry owing to the increasing demand for automobiles as a result of increase in the disposable income across the countries like China, Japan, India, Australia, New Zealand and others together with the increase in the construction activities and raising demand for maintenance and repair activities are some of the major factors which are creating opportunities for the industrial fasteners market in this region. Raising purchasing power in this region is the prime factor which contributes towards the growth of the industrial fastener market.

Europe was the second-largest segment growing in 2019 owing to considerable product demand from the developed countries like UK, Germany, Italy, Russia and France. In the same year, the automotive industry accounted for a major share in terms of revenue generated in the region.

Market Insights:

Raw material insights

By raw analysis, the industrial fastener market is segmented into plastic fasteners and metal fasteners. The metal fasteners segment holds the major market share and it is expected to retain its dominance during the forecast period. Increasing adoption of metal fasteners for the production of industrial fasteners which can be used in various application areas. In addition, there are diversified benefits which are associated with the metal fasteners like increased corrosion resistance, enhanced mechanical strength and high tensile strength are further fuelling the growth of the market in this segment.

Application

On the basis of application, the industrial fastener market is divided into aerospace, automotive, industrial machinery, building & construction, lawns & gardens, home appliances, furniture, motors & pumps, plumbing products and others. The automotive segment holds the major share .and is projected to grow with a CAGR of 7.1% owing to the raising implementation of industrial fastener in automotive application as a result of increasing production in the automotive sector across all countries. Furthermore, the increasing demand for automobiles is due to the increase in disposable income and raising penetration of electric vehicles and the arising emphasis of automobiles producers on producing efficient engines which will further boost the growth of the market in this segment. 

Key Companies Profiled

The global industrial fastener market is characterized by the presence of various small and big players. The major market player includes includes LLC, Arconic, Dokka Fasteners, Acument Intellectual Properties, Birmingham Fastener and Supply Inc., Nifco Inc, Sesco Industries, ATF Inc., LISI Group, MW Industries, Inc., Hilti Corporation, and among others. As the market is competitive in nature, the players are indulged in raising their competitive share by means of strategic initiatives like mergers, new product and acquisitions.

Research Methodology

Market Definition and List of Abbreviations

1. Executive Summary
2. Growth Drivers & Issues in Global Industrial Fastener Market
3. Global Industrial Fastener Market Trends
4. Opportunities in Global Industrial Fastener Market
5. Recent Industry Activities, 2019a
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Global Industrial Fastener Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027

9. Global Industrial Fastener Market Segmentation Analysis, By Type
9.1. Introduction
9.2. Market Attractiveness, By Type
9.3. BPS Analysis, By Type
9.4. Threaded Fasteners Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
9.4.1. Internally Threaded Fasteners Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
9.4.2. Externally Threaded Fasteners Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
9.5. Non-Threaded Fasteners Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027

10. Global Industrial Fastener Market Segmentation Analysis, By Product
10.1. Introduction
10.2. Market Attractiveness, By Product
10.3. BPS Analysis, By Product
10.4. Bolts Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
10.5. Nuts Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
10.6. Screws Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
10.7. Rivets & Washers Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
10.8. Others Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027

11. Global Industrial Fastener Market Segmentation Analysis, By Application
11.1. Introduction
11.2. Market Attractiveness, By Application
11.3. BPS Analysis, By Application
11.4. Vehicles Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
11.5. Machinery Equipment Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
11.6. Aerospace Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
11.7. Electrical & Electronic Products Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
11.8. Furniture & Wood Products Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
11.9. Construction Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
11.10. Maintenance, Repair and Operations Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
11.11. Others Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027

12. Global Industrial Fastener Market Segmentation Analysis, By Material
12.1. Introduction
12.2. Market Attractiveness, By Material
12.3. BPS Analysis, By Material
12.4. Metal Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
12.5. Plastic Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027

13. Global Industrial Fastener Market Segmentation Analysis, By Sales
13.1. Introduction
13.2. Market Attractiveness, By Sales
13.3. BPS Analysis, By Sales
13.4. OEM Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
13.5. Aftermarket Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027

14. Geographical Analysis
14.1. Introduction
14.2. North America Industrial Fastener Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.2.1. By Type
14.2.2. By Product
14.2.3. By Application
14.2.4. By Material
14.2.5. By Sales
14.2.6. By Country
14.2.6.1. Market Attractiveness, By End-user
14.2.6.2. BPS Analysis, By End-User
14.2.6.3. U.S. Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.2.6.4. Canada Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027

14.3. Europe Industrial Fastener Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.3.1. By Type
14.3.2. By Product
14.3.3. By Application
14.3.4. By Material
14.3.5. By Sales
14.3.6. By Country
14.3.6.1. Market Attractiveness, By Country
14.3.6.2. BPS Analysis, By Country
14.3.6.3. Germany Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.3.6.4. United Kingdom Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.3.6.5. France Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.3.6.6. Italy Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.3.6.7. Spain Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.3.6.8. Russia Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.3.6.9. Rest of Europe Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027

14.4. Asia Pacific Industrial Fastener Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.4.1. By Type
14.4.2. By Product
14.4.3. By Application
14.4.4. By Material
14.4.5. By Sales
14.4.6. By Country
14.4.6.1. Market Attractiveness, By Country
14.4.6.2. BPS Analysis, By Country
14.4.6.3. China Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.4.6.4. India Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.4.6.5. Japan Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.4.6.6. South Korea Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.4.6.7. Indonesia Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.4.6.8. Taiwan Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.4.6.9. Australia Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.4.6.10. New Zealand Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.4.6.11. Rest of Asia Pacific Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027

14.5. Latin America Industrial Fastener Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.5.1. By Type
14.5.2. By Product
14.5.3. By Application
14.5.4. By Material
14.5.5. By Sales
14.5.6. By Country
14.5.6.1. Market Attractiveness, By Country
14.5.6.2. BPS Analysis, By Country
14.5.6.3. Brazil Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.5.6.4. Mexico Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.5.6.5. Rest of Latin America Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027

14.6. Middle East & Africa Industrial Fastener Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.6.1. By Type
14.6.2. By Product
14.6.3. By Application
14.6.4. By Material
14.6.5. By Sales
14.6.6. By Geography
14.6.6.1. Market Attractiveness, By Geography
14.6.6.2. BPS Analysis, By Geography
14.6.6.3. GCC Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.6.6.4. North Africa Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.6.6.5. South Africa Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027
14.6.6.6. Rest of Middle East & Africa Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2020-2027

15. Competitive Landscape
15.1. Market Share of Key Players
15.2. Market Positioning of Major Players in Global Industrial Fastener Market
15.3. Company Profiles
15.3.1. Acument Global Technologies, Inc.
15.3.1.1. Product Offered
15.3.1.2. Business Strategy
15.3.1.3. Financials
15.3.1.4. SWOT Analysis
15.3.1.5. Market Share Analysis
15.3.1.6. Key Achievements & Developments
15.3.2. ALLFAST Fastening Systems, LLC
15.3.3. AAA Aircraft Supply
15.3.4. Bulten AB
15.3.5. ARaymond
15.3.6. Precision Castparts Corp.
15.3.7. ContMid Group
15.3.8. Illinois Tool Works Inc.
15.3.9. Nifco Inc
15.3.10. Koninklijke Nedschroef Holding B.V.
15.3.11. Nucor Corporation
15.3.12. Shanghai Prime Machinery Co.,Ltd.
15.3.13. Stanley Black & Decker, Inc.
15.3.14. Nipman Industrial Solutions
15.3.15. Other Major & Niche Key Players

 

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