The global industrial fasteners market size was estimated at USD 99.63 billion in 2024 and is projected to reach USD 131.45 billion by 2030, growing at a CAGR of 4.8% from 2025 to 2030. The market is expected to be driven by the growing population, high investments in the construction sector, and rising demand for industrial fasteners in the automotive and aerospace sectors. Infrastructure development is one of the key parameters to be considered while tracking the regional development of the market.

Raw Material Insights

Metal fasteners held the largest market share of 91.1% in 2024. It includes various materials such as stainless steel, bronze, cast iron, superalloys, andtitanium. The high mechanical strength is expected to be an important factor triggering their growth over the forecast period.

The plastic fasteners segment is anticipated to grow at the fastest CAGR of 5.6% over the coming years. The product is gaining importance in the automotive industry owing to its low-cost, lightweight, and superior chemical & corrosion resistance properties. These are manufactured using various raw materials, including polycarbonate, polyurethane (PUR), polyvinylchloride (PVC), polyacrylamide (PA), polystyrene (PS), polyethylene (PE), and nylon.

Products Insights

Externally threaded fasteners held the largest revenue share of 48% in 2024. Bolts and screws are the most widely utilized type of externally threaded fasteners. Bolts hold a dominant share in the market owing to their availability in a wide variety and broad application scope.

Non-threaded fasteners accounted for the second largest revenue share in 2024 and are expected to drive at a significant rate over the forecast period. Rising demand for non-threaded fasteners in the construction industry for various applications such as subflooring, decking, and roofing is expected to have a positive impact on growth over the projected period.

Aerospace-grade fasteners are expected to expand at the fastest CAGR from 2025 to 2030. This fastener varies significantly as compared to ordinary commercial-grade fasteners in terms of quality, performance, raw material, price, and other technical specifications. The most commonly used aerospace nuts include fiber inserts and castle nuts.

Internally, threaded fasteners accounted for a significant share of the market. Stainless steel is the most common material used for manufacturing internally threaded industrial fasteners. Brass, alloy steel, and aluminum are the other materials used to manufacture these industrial fasteners. Innovations in the designs of internally threaded fasteners that provide better performance, high impact, and vibration resistance are projected to have a positive impact on growth.

Application Insights

The automotive segment accounted for the largest revenue share in 2024. High production volumes of automotive vehicles across the Asia Pacific have been a key factor driving industry growth over the past few years. Moreover, fasteners are an essential component of the automotive industry and are available in numerous varieties, sizes, and shapes. The common fasteners used in the automotive industry include nuts, bolts, screws, rivets, studs, bits, anchors, and panel fasteners. Metal fasteners have been dominating the fastener industry traditionally, and this trend is likely to continue over the projected period.

Increasing investments in commercial constructions such as hotels, hospitals, and educational institutes in the regions are projected to have a positive impact on the building & construction industry growth. In addition, the rapid growth of heavy machine-driven industries, includingtextiles, food & beverage, and chemicals, is expected to propel the demand for industrial machinery, thus driving the demand for industrial fasteners over the coming years.

Distribution Channel Insights

Direct distribution channel dominated the market, accounting for a revenue share of 60.1% in 2024. Direct distribution involves manufacturers supplying fasteners directly to end users, such as OEMs in the automotive, aerospace, and heavy machinery industries. This channel provides cost efficiency, better supply chain control, and customization options. Large industrial clients prefer direct procurement to ensure quality consistency, bulk pricing advantages, and guaranteed availability of critical fasteners for production lines and maintenance operations.

Type Insights

Bolts hold the largest market share of 31.3% in 2024 among industrial fasteners due to their widespread use in structural applications, heavy machinery, and transportation industries. They provide high-strength fastening solutions that can withstand heavy loads and vibrations, making them essential in construction and infrastructure projects. Furthermore, with advancements in material technology, corrosion-resistant and high-tensile-strength bolts are witnessing increased demand, particularly in offshore and aerospace applications.

Regional Insights

Asia Pacific

The industrial fasteners market in Asia Pacific held the largest global revenue share of 44.6% in 2024. Economic growth in the Asia Pacific has increased the need for improved public infrastructure such as roads, harbors, airports, and rail transportation networks.

Furthermore, a substantial increase in mergers & acquisitions, integration activities, and site relocations has boosted industrial development in the region. This has resulted in increased construction of industrial and infrastructure activities in emerging nations such as India, Vietnam, Thailand, and Malaysia, which is expected to drive the demand for industrial fasteners industry in the region.

The industrial fasteners industry in China accounted for the largest revenue share of 47% in the Asia Pacific region for the year 2024 due to the presence of favorable government policies that promote investments in the construction sector. Furthermore, factors such as population growth, rapid urbanization, and rising disposable incomes also play an important role in developing the country’s construction sector. Thus, with a rise in construction activities in the country, the industrial fasteners industry is expected to witness growth over the forecast period.

The industrial fasteners industry in India is growing at a CAGR of 8.4% over the forecast period of 2025 to 2030. The country has a strong framework to provide all the necessary resources for the aerospace industry, such as R&D capabilities, engineering services, manufacturing expertise, and information technology, which is likely to fuel the growth of the aerospace industry in the country, which in turn, is likely to drive the demand for aerospace fasteners over the projected period.

U.S. 

North America industrial fasteners industry comprises major fastener manufacturers as well as distributors and suppliers catering to local as well as international consumers. Direct distribution offers advantages such as a better supply chain and consumer experience. As a result, distribution of plastic fasteners for building and construction activities is expected to register growth over the forecast period.

The industrial fasteners industry in the U.S. is anticipated to grow at a healthy CAGR over the forecast period. The aerospace industry in the U.S. is one of the biggest in the world and is highly competitive in nature on account of the presence of several well-established players in the market. The country experiences high investments by foreign players owing to the presence of an educated and skilled workforce, diverse offerings, extensive distribution systems, and strong government support for the industry, which, in turn, increases the demand for industrial fasteners in the U.S.

Europe

The industrial fasteners industry in Europe was valued at USD 22.93 billion in 2024. In the European region, the automotive industry accounts for a major share of the revenue generated by the industrial fasteners industry in the region. There is a presence of several major automotive manufacturers, including Mercedes-Benz, Fiat, Renault, MW, Ferrari, Volkswagen, and Ford in Europe. These major players are increasingly investing and focusing on the production of lightweight and strong vehicles. As a result, the demand for automotive fasteners in Europe is expected to grow at a faster pace.

The industrial fasteners industry in Germany held a revenue of USD 6.37 billion in 2024. The country is known for its electronics, machinery, and automotive industries. The automotive industry has been the largest consumer of fasteners in the country, and this trend is expected to continue over the projected period.

The industrial fasteners industry in Spain is anticipated to grow at a healthy CAGR over the forecast period. The economy of Spain is driven by major industries, including energy, tourism, agriculture, and manufacturing. The growth of these industries, which in turn, is likely to boost commercial construction, including offices, warehouses, manufacturing facilities, hotels & restaurants, shopping malls, and supermarkets, thereby driving the demand for industrial fasteners in Spain.

Central & South America

Central & South America industrial fasteners industry is growing at a CAGR of 4.6% over the forecast year 2025 to 2030. The manufacturing process of industrial machinery practiced in Argentina is expected to grow for poultry equipment, paper industry machinery manufacturers, equipment of the textile industry, and plastic and rubber manufacturers, thus increasing the use of industrial fasteners.

Middle East & Africa

Middle East & Africa industrial fasteners industry is expected to reach USD 2.77 billion by the end of 2030. The industrial machinery manufacturing segment is expected to witness growth over the forecast period owing to an increase in oil production and rising investments from production companies. Industrial machinery is widely utilized in the production of oil in the Gulf Cooperation Council, thereby supporting product growth.

Source: www.grandviewresearch.com