Industrial Fasteners Market, By Raw Material (Metal and Plastic), By Product (Externally Threaded, Internally Threaded , Non Threaded , and Aerospace Grade), By Application (Automotive, Aerospace, Building & Construction, Industrial Machinery, Home Appliances, Lawn & Garden, and Motors & Pumps), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Feb 2025

Code : CMI5206

Pages :179

Formats :

Excel and PDF

Industry : Advanced Materials

Industrial Fasteners Market Size and Trends

The industrial fasteners market is estimated to be valued at USD 104.86 Bn in 2025 and is expected to reach USD 146.66 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 4.9% from 2025 to 2032.

Industrial Fasteners Market Key Factors

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There is growing demand from the automotive and construction industries which is expected to boost the demand for industrial fasteners. Furthermore, increasing investments in infrastructure development globally will also drive the growth of the market. However, availability of counterfeit products in the market may hamper the market growth. Overall, growth in end-use industries and investments in infrastructure are expected to provide numerous opportunities for industrial fastener manufacturers over the coming years.

Rise of industrial and infrastructure development activities

With rapid urbanization and industrialization happening across major economies worldwide, there has been a significant rise in construction and infrastructure development projects over the past few years. Governments in both developed and developing nations have been allocating higher budgets for building new highways, roads, bridges, rail networks, power plants, commercial buildings, industrial parks, airports, and other infrastructure projects. This growing construction boom has heavily increased the demand for various materials, machinery, and components required in building activities.

Fasteners play a crucial role in holding together various metal components used in industries as well as in construction. Whether it is assembling machinery, erecting steel structures, fitting pipes and ducts, or joining other parts, fasteners are indispensable in ensuring structures and equipment are firmly kept together. With the number of new projects mushrooming, especially in Asia Pacific and Africa, there has been a proportional rise in the consumption of fasteners. Major companies have been scaling up their manufacturing capacities to meet the needs of growing infrastructure development in countries like China, India, Indonesia, Vietnam, Saudi Arabia, the U.A.E, and others. Many nations have also introduced initiatives to boost local fastener production in order to develop domestic supplier networks for their construction and manufacturing sectors.