Industrial Fasteners Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global industrial fasteners market attained a value of nearly USD 93.30 Billion in 2024. The market is further expected to grow at a CAGR of 4.10% during the forecast period of 2025-2034 to reach a value of USD 139.44 Billion by 2034.

Key Trends in the Market

Industrial fasteners is an umbrella term referring to instruments and devices which are used to join parts together in a temporary, permanent, or semi-permanent way. These types of equipment are used in various industrial machineries such as robots and electric motors, as well as household appliances such as refrigerators. They can connect various types of raw materials in different ways.

• The global market for industrial fasteners is being driven by the heightened application of these fasteners across various industrial sectors to manufacture strong and durable components for long-term use.
• The rising demand for metal fasteners in the automotive sector to produce premium-grade automobiles is further propelling the fastener industry statistics. Over the forecast period, the increasing adoption of electric passenger vehicles is expected to fuel the automotive industry, which in turn is anticipated to boost the incorporation of industrial fasteners.
• The growing research and development expenditure in the aerospace sector, with advancements in lightweight and aerodynamic aircrafts is increasing the demand for secure that reliable industrial fasteners. Increasing travel at a global level, for tourism and cargo purposes, is expected to bolster the industrial fasteners market outlook in the forecast period.

Market Segmentation

The EMR’s report titled “Industrial Fasteners Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Raw Material

• Plastic
• Metal

Market Breakup by Product

• Externally Threaded
• Internally Threaded
• Aerospace Grade
• Non-Threaded

Market Breakup by Application

• Aerospace
• Automotive
• Building and Construction
• Industrial Machinery
• Home Appliances
• Lawns and Gardens
• Motors and Pumps
• Furniture
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Share by Raw Material

Based on raw material, the plastic segment accounts for a significant share in the industrial fastener market size because of the superior properties offered by the product. Plastics are resistant to rust and UV rays, are electrical insulators, and are extremely versatile and flexible. In addition, plastics are lightweight and cheaper than metal, which is further bolstering its application across various end use industries.

Over the forecast period, the anticipated increase in demand for plastic fasteners for underwater projects and across electrical and electronics sectors are expected to bolster the segment’s growth. Metallic fillers are often used in plastic fasteners to improve the strength and stiffness of the fasteners. In this regard, the heightened demand for metals to make plastic-metal blends as raw materials for industrial fasteners, is likely to provide impetus to the world industrial fasteners market in the coming years.

Market Share by Application

The building and construction segment, based on application, accounts for a healthy share of the market. Industrial fasteners are used to bind two or more construction components in order to keep the structure intact. The increasing demand for industrial fasteners such as screws, nuts, and bolts, in both interior and exterior parts of structures, is supporting the segment’s growth.

In the coming years, the rapid increase in investments towards development of commercial and residential structures to cope with the escalating population across the emerging economies are likely to augment the industrial fasteners market growth. Meanwhile, the aerospace industry is also expected to register a healthy growth in the market due to the rising application of industrial fasteners in the manufacturing of commercial and military aircrafts.

Competitive Landscape

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global industrial fastener market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

Howmet Aerospace Inc.

Howmet Aerospace Inc. is a leading innovator and designer of high-quality engineered solutions which cater to the demands of various industrial end-users. Howmet Aerospace Inc. manufactures high-grade fastening systems which are applied in automobiles and aircrafts. The company was founded in the year 1888 and is currently headquartered in Pennsylvania, United States.

Nifco Inc.

Nifco Inc. was established in the year 1967 to produce plastic fasteners, catering to the diverse demands from various end use sectors. The company is currently headquartered in Japan and is considered as one of the leading manufacturers of industrial plastic products, bedding, and furniture, among others. They support manufacturers in reducing weight and improving workability through their industrial fasteners.

LISI Group

LISI Group is a one of the world’s leading manufacturers and sellers of industrial components and high value-added assemblies. The company caters to the demands of various end use industries including aerospace, medical, and automotive, among others. The company is headquartered in France and has around 42 industrial sites across 13 countries.

Other market players include MW Industries, Inc. (MWI), and Elgin Fastener Group, among others.
Show more