The global Industrial fasteners market is expected to grow from USD 93.5 billion in 2020 to USD 136.9 billion by 2027, at a CAGR of 5.3% during the forecast period. Factors propelling the growth of fasteners market include; Rising demand for fasteners from the automotive and aerospace industry, and rapid increase in construction and manufacturing activities in the emerging economies.
A fastener can be a screw, nut, bolt or stud with external or internal threads. Although, there are numerous types of fasteners, the basic function of all the fasteners is to join or connect at least two objects together. These fasteners can be made of different materials, however most of them are made of carbon steel, alloy steel, or stainless steel. Fasteners made from titanium, and aluminum generate demand from the aerospace industry mostly. The fasteners market has witnessed increasing preference for lightweight fasteners and specialty fasteners. These include the plastic fasteners, which offer benefits of being lightweight, low cost, and superior corrosion resistance, which has led to the increase in their demand.
The automotive and aerospace industry are two major end users of the industrial fasteners market. Both the industries have witnessed massive expansion over the years. On an average, a typical automobile sues about 4000 nuts and bolts. Similarly, Fasteners form an integral part of the aircraft assembly process. These fasteners play important roles in transportation and safety, which makes it essential that they do not fail. A few of them coming loose once in a while may cause serious security issues.
The major challenges faced by the global fasteners market are; presence of substitutes, and fluctuations in the raw material prices. The increase in raw material prices may seriously hamper the growth of the market as these raw materials form the major cost of the fastener manufacturing.
Segment overview
On the basis of type, the threaded fasteners segment is expected to dominate the global industrial fasteners market during 2021-2027. The growth in the threaded fasteners is driven by their increasing demand in construction, and automotive segment. The growth in the non-threaded fasteners segment is driven by the increasing demand from the electronics industry.
On the basis of region, Asia Pacific accounted for the largest share of the global industrial fasteners market, and is projected to be the fastest growing region during the forecast period (2021-2027). The growth in the Asia-Pacific market can be attributed to the growing demand from emerging economies such as China and India. Huge infrastructure developments in these emerging economies are likely to propel the demand for screws, bolts and rivets.
The report provides detailed market outlook, and forecast of the “Global industrial fasteners market” based on Raw Material, Type, End-Use and by Region. The report gives the market estimates of the global fasteners market in terms of value (USD Billion).
| Research Attribute | Coverage |
|---|---|
| Years Considered | 2017-2027 |
| Historical Years | 2017, 2018, 2019 |
| Base Year | 2020 |
| Forecast Period | 2021-2017 |
| Units Considered | USD Billion |
| Segmentation By Raw Material |
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| Segmentation by Type |
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| Segmentation By End-Use |
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| Regions Covered |
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| Key Company Profiles | Illinois Tool Works Inc., Precision Castparts Corp., LISI Group., NIFCO INC., Stanley Black & Decker, Häfele America Co., BeA Fastening Systems Ltd, Sugatsune Kogyo Co., Ltd., Richelieu Hardware Ltd., Rockler Companies, Inc., Woodcraft Supply LLC., Hillman Group Inc, among others. |
CHAPTER 1. Market Scope and Methodology
1.1. Research methodology
1.2. Objectives of the report
1.3. Research scope & assumptions
1.4. List of data sources
CHAPTER 2. Executive Summary
2.1. Global Industrial Fasteners Market – Key industry insights
CHAPTER 3. Market Outlook
3.1. Market definition
3.2. Market segmentation
3.3. Value chain analysis
3.4. Market opportunities & trends
3.4.1. Development of lightweight fasteners and specialty fasteners
3.5. Market driver analysis
3.5.1. Rising demand for fasteners from the automotive and aerospace industry
3.5.2. Rapid increase in construction and manufacturing activities
3.5.3. Impact analysis
3.6. Market restraint analysis
3.6.1. Presence of substitutes
3.6.2. Increase in raw material prices
3.6.3. Impact analysis
3.7. SWOT analysis
3.8. Industry analysis – Porter’s
3.8.1. Bargaining power of suppliers
3.8.2. Bargaining power of buyers
3.8.3. Threat of new entrants
3.8.4. Threat of substitutes
3.8.5. Competitive rivalry
CHAPTER 4. Competitive Outlook
4.1. Competitive framework
4.2. Company market share analysis
4.3. Strategic layout
CHAPTER 5. COVID-19 Implications
5.1. Industry impact of COVID-19 pandemic
5.1.1. Impact analysis by end-use
5.1.2. Analyst recommendations
CHAPTER 6. Global Industrial Fasteners Market Size and Forecast (2021 - 2027)
6.1. Global Industrial Fasteners Market, By Raw Material
6.1.1. Metal Fasteners
6.1.2. Plastic Fasteners
6.2. Global Industrial Fasteners Market, By Type
6.2.1. Threaded
6.2.2. Non-threaded
6.2.3. Specialty
6.3. Global Industrial Fasteners Market, By End Use
6.3.1. Automotive
6.3.2. Construction
6.3.3. Furniture
6.3.4. Aerospace
6.3.5. Others
CHAPTER 7. Global Industrial Fasteners Market Size and Forecast, By Region (2021 - 2027)
7.1. North America Global Industrial Fasteners Market (USD Billion)
7.1.1. North America Industrial Fasteners Market, By Raw Material (USD Billion)
7.1.2. North America Industrial Fasteners Market, By Type (USD Billion)
7.1.3. North America Industrial Fasteners Market, By End-Use (USD Billion)
7.1.4. The U.S. Industrial Fasteners Market (USD Billion)
7.1.4.1. The U.S. Industrial Fasteners Market, By Raw Material (USD Billion)
7.1.4.2. The U.S. Industrial Fasteners Market, By Type (USD Billion)
7.1.4.3. The U.S. Industrial Fasteners Market, By End-Use (USD Billion)
7.1.5. Canada Industrial Fasteners Market (USD Billion)
7.1.5.1. Canada Industrial Fasteners Market, By Raw Material (USD Billion)
7.1.5.2. Canada Industrial Fasteners Market, By Type (USD Billion)
7.1.5.3. Canada Industrial Fasteners Market, By End-Use (USD Billion)
7.1.6. Mexico Industrial Fasteners Market (USD Billion)
7.1.6.1. Mexico Industrial Fasteners Market, By Raw Material (USD Billion)
7.1.6.2. Mexico Industrial Fasteners Market, By Type (USD Billion)
7.1.6.3. Mexico Industrial Fasteners Market, By End-Use (USD Billion)
7.2. Europe Industrial Fasteners Market (USD Billion)
7.2.1. Europe Industrial Fasteners Market, By Country (USD Billion)
7.2.2. Europe Industrial Fasteners Market, By Raw Material (USD Billion)
7.2.3. Europe Industrial Fasteners Market, By Type (USD Billion)
7.2.4. Europe Industrial Fasteners Market, By End-Use (USD Billion)
7.2.5. Germany Industrial Fasteners Market (USD Billion)
7.2.5.1. Germany Industrial Fasteners Market, By Raw Material (USD Billion)
7.2.5.2. Germany Industrial Fasteners Market, By Type (USD Billion)
7.2.5.3. Germany Industrial Fasteners Market, By End-Use (USD Billion)
7.2.6. The U.K Industrial Fasteners Market (USD Billion)
7.2.6.1. The U.K Industrial Fasteners Market, By Raw Material (USD Billion)
7.2.6.2. The U.K Industrial Fasteners Market, By Type (USD Billion)
7.2.6.3. The U.K Industrial Fasteners Market, By End-Use (USD Billion)
7.2.7. France Industrial Fasteners Market (USD Billion)
7.2.7.1. France Industrial Fasteners Market, By Raw Material (USD Billion)
7.2.7.2. France Industrial Fasteners Market, By Type (USD Billion)
7.2.7.3. France Industrial Fasteners Market, By End-Use (USD Billion)
7.2.8. Italy Industrial Fasteners Market (USD Billion)
7.2.8.1. Italy Industrial Fasteners Market, By Raw Material (USD Billion)
7.2.8.2. Italy Industrial Fasteners Market, By Type (USD Billion)
7.2.8.3. Italy Industrial Fasteners Market, By End-Use (USD Billion)
7.2.9. Spain Industrial Fasteners Market (USD Billion)
7.2.9.1. Spain Industrial Fasteners Market, By Raw Material (USD Billion)
7.2.9.2. Spain Industrial Fasteners Market, By Type (USD Billion)
7.2.9.3. Spain Industrial Fasteners Market, By End-Use (USD Billion)
7.3. Asia-Pacific Industrial Fasteners Market (USD Billion)
7.3.1. Asia-Pacific Industrial Fasteners Market, By Country (USD Billion)
7.3.2. Asia-Pacific Industrial Fasteners Market, By Raw Material (USD Billion)
7.3.3. Asia-Pacific Industrial Fasteners Market, By Type (USD Billion)
7.3.4. Asia-Pacific Industrial Fasteners Market, By End-Use (USD Billion)
7.3.5. China Industrial Fasteners Market (USD Billion)
7.3.5.1. China Industrial Fasteners Market, By Raw Material (USD Billion)
7.3.5.2. China Industrial Fasteners Market, By Type (USD Billion)
7.3.5.3. China Industrial Fasteners Market, By End-Use (USD Billion)
7.3.6. Japan Industrial Fasteners Market (USD Billion)
7.3.6.1. Japan Industrial Fasteners Market, By Raw Material (USD Billion)
7.3.6.2. Japan Industrial Fasteners Market, By Type (USD Billion)
7.3.6.3. Japan Industrial Fasteners Market, By End-Use (USD Billion)
7.3.7. India Industrial Fasteners Market (USD Billion)
7.3.7.1. India Industrial Fasteners Market, By Raw Material (USD Billion)
7.3.7.2. India Industrial Fasteners Market, By Type (USD Billion)
7.3.7.3. India Industrial Fasteners Market, By End-Use (USD Billion)
7.3.8. South Korea Global Industrial Fasteners Market (USD Billion)
7.3.8.1. South Korea Industrial Fasteners Market, By Raw Material (USD Billion)
7.3.8.2. South Korea Industrial Fasteners Market, By Type (USD Billion)
7.3.8.3. South Korea Industrial Fasteners Market, By End-Use (USD Billion)
7.3.9. Australia Industrial Fasteners Market (USD Billion)
7.3.9.1. Australia Industrial Fasteners Market, By Raw Material (USD Billion)
7.3.9.2. Australia Industrial Fasteners Market, By Type (USD Billion)
7.3.9.3. Australia Industrial Fasteners Market, By End-Use (USD Billion)
7.3.10. Indonesia Industrial Fasteners Market (USD Billion)
7.3.10.1. Indonesia Industrial Fasteners Market, By Raw Material (USD Billion)
7.3.10.2. Indonesia Industrial Fasteners Market, By Type (USD Billion)
7.3.10.3. Indonesia Industrial Fasteners Market, By End-Use (USD Billion)
7.4. Central & South America (CSA) Industrial Fasteners Market (USD Billion)
7.4.1. Central & South America (CSA) Industrial Fasteners Market, By Country (USD Billion)
7.4.2. Central & South America (CSA) Industrial Fasteners Market, By Raw Material (USD Billion)
7.4.3. Central & South America (CSA) Industrial Fasteners Market, By Type (USD Billion)
7.4.4. Central & South America (CSA) Industrial Fasteners Market, By End-Use (USD Billion)
7.4.5. Brazil Industrial Fasteners Market (USD Billion)
7.4.5.1. Brazil Industrial Fasteners Market, By Raw Material (USD Billion)
7.4.5.2. Brazil Industrial Fasteners Market, By Type (USD Billion)
7.4.5.3. Brazil Industrial Fasteners Market, By End-Use (USD Billion)
7.5. Middle East & Africa (MEA) Industrial Fasteners Market (USD Billion)
7.5.1. Middle East & Africa (MEA) Industrial Fasteners Market, By Country (USD Billion)
7.5.2. Middle East & Africa (MEA) Industrial Fasteners Market, By Raw Material (USD Billion)
7.5.3. Middle East & Africa (MEA) Industrial Fasteners Market, By Type (USD Billion)
7.5.4. Middle East & Africa (MEA) Industrial Fasteners Market, By End-Use (USD Billion)
7.5.5. UAE Industrial Fasteners Market (USD Billion)
7.5.5.1. UAE Industrial Fasteners Market, By Raw Material (USD Billion)
7.5.5.2. UAE Industrial Fasteners Market, By Type (USD Billion)
7.5.5.3. UAE Industrial Fasteners Market, By End-Use (USD Billion)
7.5.6. South Africa Global Industrial Fasteners Market (USD Billion)
7.5.6.1. Saudi Arabia Global Industrial Fasteners Market, By Raw Material (USD Billion)
7.5.6.2. Saudi Arabia Global Industrial Fasteners Market, By Type (USD Billion)
7.5.6.3. Saudi Arabia Global Industrial Fasteners Market, By End-Use (USD Billion)
CHAPTER 8. Key Players and Strategic Developments
8.1. Illinois Tool Works Inc
8.1.1. Business Overview
8.1.2. Product and Service Offering
8.1.3. Financial Overview
8.1.4. Strategic Developments
8.2. Precision Castparts Corp.
8.2.1. Business Overview
8.2.2. Product and Service Offering
8.2.3. Financial Overview
8.2.4. Strategic Developments
8.3. LISI Group
8.3.1. Business Overview
8.3.2. Product and Service Offering
8.3.3. Financial Overview
8.3.4. Strategic Developments
8.4. NIFCO INC.
8.4.1. Business Overview
8.4.2. Product and Service Offering
8.4.3. Financial Overview
8.4.4. Strategic Developments
8.5. Stanley Black & Decker
8.5.1. Business Overview
8.5.2. Product and Service Offering
8.5.3. Financial Overview
8.5.4. Strategic Developments
8.6. Häfele America Co.
8.6.1. Business Overview
8.6.2. Product and Service Offering
8.6.3. Financial Overview
8.6.4. Strategic Developments
8.7. BeA Fastening Systems Ltd.
8.7.1. Business Overview
8.7.2. Product and Service Offering
8.7.3. Financial Overview
8.7.4. Strategic Developments
8.8. Sugatsune Kogyo Co., Ltd.
8.8.1. Business Overview
8.8.2. Product and Service Offering
8.8.3. Financial Overview
8.8.4. Strategic Developments
8.9. Richelieu Hardware Ltd.
8.9.1. Business Overview
8.9.2. Product and Service Offering
8.9.3. Financial Overview
8.9.4. Strategic Developments
8.10. Rockler Companies, Inc.
8.10.1. Business Overview
8.10.2. Product and Service Offering
8.10.3. Financial Overview
8.10.4. Strategic Developments
8.11. Woodcraft Supply LLC.
8.11.1. Business Overview
8.11.2. Product and Service Offering
8.11.3. Financial Overview
8.11.4. Strategic Developments
8.12. Hillman Group Inc
8.12.1. Business Overview
8.12.2. Product and Service Offering
8.12.3. Financial Overview
8.12.4. Strategic Developments
