PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1719078
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1719078
Middle East and Africa Industrial Fastener Market, By Material Type; By Product Type; By End User; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2031
Middle East and Africa Industrial Fastener Market Size to Reach USD 2.9 Billion by 2031
Middle East and Africa Industrial Fastener Market is flourishing primarily due to robust construction and infrastructure development, escalating activity within the automotive and manufacturing sectors, and strategic governmental initiatives coupled with significant public and private investments.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Middle East and Africa Industrial Fastener Market size by value at USD 2.0 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Middle East and Africa Industrial Fastener Market size to boom at a CAGR of 5.3% reaching a value of USD 2.88 billion by 2031. The growth of Industrial Fastener Market across Middle East and Africa is propelled by the burgeoning growth of pivotal end use industries, such as construction, automotive, and manufacturing. Notably, the construction and infrastructure development sectors are instrumental in shaping market demand, driven by their intrinsic need for robust fastening solutions that guarantee structural resilience and long-term project stability. This dynamic is compounded by the region's accelerating urbanization, ambitious government infrastructure projects, and increasing industrial capital expenditure.
Saudi Arabia Dominates MEA Industrial Fastener Market
Saudi Arabia continues to dominate Middle East and Africa Industrial Fastener Market. Its dominance is intrinsically linked to the Kingdom's ambitious Vision 2030, a catalyst for unprecedented infrastructure expansion. Landmark projects, including the futuristic city of NEOM, expansive high-speed rail networks, and advanced power generation facilities, are fueling a substantial surge in demand for high-grade industrial fasteners. Furthermore, the Kingdom's robust oil and gas sector necessitates the deployment of durable, corrosion-resistant fastening solutions, adding another layer to market growth. Concurrently, a government-backed construction boom, encompassing residential, commercial, and religious tourism infrastructure, is further amplifying this demand. While the nation currently relies on imported high-performance fasteners, a strategic push towards localized manufacturing, bolstered by governmental incentives such as tax concessions and subsidies, is underway. Coupled with its sophisticated transport infrastructure and strategic geographical positioning, Saudi Arabia is poised to evolve into a pivotal regional distribution nexus for industrial fasteners.
Impact of Escalating Geopolitical Tensions on Middle East and Africa Industrial Fastener Market
Intensifying geopolitical tensions, particularly in the Middle East, could have a multifaceted impact on Middle East and Africa Industrial Fastener Market, causing supply chain disruptions, infrastructure project delays, and raw material price volatility. Trade restrictions, sanctions, and political instability hinder investment and cross-border transactions, while investor uncertainty reduces funding for key projects, ultimately suppressing demand and increasing operational risks.
Competitive Landscape
Middle East and Africa Industrial Fastener Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include Illinois Tool Works Incorporation, Hilti Corporation, Bollhoff Group, The Wurth Group, and Penn Engineering & Manufacturing Corp. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Middle East and Africa Industrial Fastener Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and Middle East and Africa Industrial Fastener Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Middle East and Africa Industrial Fastener Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Middle East and Africa Industrial Fastener Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Expanding Construction & Infrastructure Development
- 3.2.1.2. Growth in Automotive & Manufacturing Sectors
- 3.2.1.3. Government Initiatives & Investments
- 3.2.2. Restraints
- 3.2.2.1. Fluctuating Raw Material Prices
- 3.2.2.2. Quality Inconsistences Among Local Manufacturers
- 3.2.3. Opportunities
- 3.2.3.1. Rising Demand for Specialized Fasteners
- 3.2.3.2. Technological Advancements in Manufacturing
- 3.2.4. Challenges
- 3.2.4.1. Shortage of Skilled Labor
- 3.2.4.2. Market Fragmentation
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Middle East and Africa Industrial Fastener Market: Marketing Strategies
5. Middle East and Africa Industrial Fastener Market: Pricing Analysis
6. Middle East and Africa Industrial Fastener Market Overview
- 6.1. Market Size & Forecast, 2019-2031
- 6.1.1. By Value (USD Million)
- 6.2. Market Share and Forecast
- 6.2.1. By Material Type
- 6.2.1.1. Metal Fasteners
- 6.2.1.1.1. Steel
- 6.2.1.1.2. Stainless Steel
- 6.2.1.1.3. Alloy Steel
- 6.2.1.1.4. Aluminum
- 6.2.1.1.5. Others (Brass, Copper, Titanium)
- 6.2.1.2. Plastic Fasteners
- 6.2.1.2.1. Nylon
- 6.2.1.2.2. Polycarbonate
- 6.2.1.2.3. Polyethylene
- 6.2.1.2.4. Others
- 6.2.2. By Product Type
- 6.2.2.1. Externally Threaded Fasteners
- 6.2.2.2. Internally Threaded Fasteners
- 6.2.2.3. Non-Threaded Fasteners
- 6.2.3. By End User
- 6.2.3.1. Manufacturing
- 6.2.3.2. Construction & Infrastructure
- 6.2.3.3. Oil & Gas
- 6.2.3.4. Energy & Utilities
- 6.2.3.5. Transportation
- 6.2.3.6. Consumer Goods
- 6.2.4. By Country
- 6.2.4.1. Saudi Arabia
- 6.2.4.2. UAE
- 6.2.4.3. Qatar
- 6.2.4.4. Kuwait
- 6.2.4.5. South Africa
- 6.2.4.6. Nigeria
- 6.2.4.7. Algeria
- 6.2.4.8. Rest of MEA
- 6.2.1. By Material Type
7. Saudi Arabia Industrial Fastener Market
- 7.1. Market Size & Forecast, 2019-2031
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Material Type
- 7.2.2. By Product Type
- 7.2.3. By End User
8. UAE Industrial Fastener Market
- 8.1. Market Size & Forecast, 2019-2031
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Material Type
- 8.2.2. By Product Type
- 8.2.3. By End User
9. Qatar Industrial Fastener Market
- 9.1. Market Size & Forecast, 2019-2031
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Material Type
- 9.2.2. By Product Type
- 9.2.3. By End User
10. Kuwait Industrial Fastener Market
- 10.1. Market Size & Forecast, 2019-2031
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Material Type
- 10.2.2. By Product Type
- 10.2.3. By End User
11. South Africa Industrial Fastener Market
- 11.1. Market Size & Forecast, 2019-2031
- 11.1.1. By Value (USD Million)
- 11.2. Market Share & Forecast
- 11.2.1. By Material Type
- 11.2.2. By Product Type
- 11.2.3. By End User
12. Nigeria Industrial Fastener Market
- 12.1. Market Size & Forecast, 2019-2031
- 12.1.1. By Value (USD Million)
- 12.2. Market Share & Forecast
- 12.2.1. By Material Type
- 12.2.2. By Product Type
- 12.2.3. By End User
13. Algeria Industrial Fastener Market
- 13.1. Market Size & Forecast, 2019-2031
- 13.1.1. By Value (USD Million)
- 13.2. Market Share & Forecast
- 13.2.1. By Material Type
- 13.2.2. By Product Type
- 13.2.3. By End User
14. Rest of MEA Industrial Fastener Market
- 14.1. Market Size & Forecast, 2019-2031
- 14.1.1. By Value (USD Million)
- 14.2. Market Share & Forecast
- 14.2.1. By Material Type
- 14.2.2. By Product Type
- 14.2.3. By End User
15. Competitive Landscape
- 15.1. List of Key Players and Their Offerings
- 15.2. Middle East and Africa Industrial Fastener Market Share Analysis, 2024
- 15.3. Competitive Benchmarking, By Operating Parameters
- 15.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
16. Impact of Escalating Geopolitical Tensions on Middle East and Africa Industrial Fastener Market
17. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 17.1. Illinois Tool Works Incorporation
- 17.2. Hilti Corporation
- 17.3. Bollhoff Group
- 17.4. The Wurth Group
- 17.5. Penn Engineering & Manufacturing Corp.
- 17.6. Other Prominent Players
18. Key Strategic Recommendations
19. Research Methodology
- 19.1. Qualitative Research
- 19.1.1. Primary & Secondary Research
- 19.2. Quantitative Research
- 19.3. Market Breakdown & Data Triangulation
- 19.3.1. Secondary Research
- 19.3.2. Primary Research
- 19.4. Breakdown of Primary Research Respondents, By Region
- 19.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 Middle East and Africa Industrial Fastener Market Size, By Value (USD Million), 2019-2031
- Figure 2 Middle East and Africa Industrial Fastener Market Share, By Material Type, By Value (USD Million), 2019-2031
- Figure 3 Middle East and Africa Industrial Fastener Market Share, By Product Type, By Value (USD Million), 2019-2031
- Figure 4 Middle East and Africa Industrial Fastener Market Share, By End User, By Value (USD Million), 2019-2031
- Figure 5 Middle East and Africa Industrial Fastener Market Share, By Country, By Value (USD Million), 2019-2031
- Figure 6 Saudi Arabia Industrial Fastener Market Size, By Value (USD Million), 2019-2031
- Figure 7 Saudi Arabia Industrial Fastener Market Share, By Material Type, By Value (USD Million), 2019-2031
- Figure 8 Saudi Arabia Industrial Fastener Market Share, By Product Type, By Value (USD Million), 2019-2031
- Figure 9 Saudi Arabia Industrial Fastener Market Share, By End User, By Value (USD Million), 2019-2031
- Figure 10 UAE Industrial Fastener Market Size, By Value (USD Million), 2019-2031
- Figure 11 UAE Industrial Fastener Market Share, By Material Type, By Value (USD Million), 2019-2031
- Figure 12 UAE Industrial Fastener Market Share, By Product Type, By Value (USD Million), 2019-2031
- Figure 13 UAE Industrial Fastener Market Share, By End User, By Value (USD Million), 2019-2031
- Figure 14 Qatar Industrial Fastener Market Size, By Value (USD Million), 2019-2031
- Figure 15 Qatar Industrial Fastener Market Share, By Material Type, By Value (USD Million), 2019-2031
- Figure 16 Qatar Industrial Fastener Market Share, By Product Type, By Value (USD Million), 2019-2031
- Figure 17 Qatar Industrial Fastener Market Share, By End User, By Value (USD Million), 2019-2031
- Figure 18 Kuwait Industrial Fastener Market Size, By Value (USD Million), 2019-2031
- Figure 19 Kuwait Industrial Fastener Market Share, By Material Type, By Value (USD Million), 2019-2031
- Figure 20 Kuwait Industrial Fastener Market Share, By Product Type, By Value (USD Million), 2019-2031
- Figure 21 Kuwait Industrial Fastener Market Share, By End User, By Value (USD Million), 2019-2031
- Figure 22 South Africa Industrial Fastener Market Size, By Value (USD Million), 2019-2031
- Figure 23 South Africa Industrial Fastener Market Share, By Material Type, By Value (USD Million), 2019-2031
- Figure 24 South Africa Industrial Fastener Market Share, By Product Type, By Value (USD Million), 2019-2031
- Figure 25 South Africa Industrial Fastener Market Share, By End User, By Value (USD Million), 2019-2031
- Figure 26 Nigeria Industrial Fastener Market Size, By Value (USD Million), 2019-2031
- Figure 27 Nigeria Industrial Fastener Market Share, By Material Type, By Value (USD Million), 2019-2031
- Figure 28 Nigeria Industrial Fastener Market Share, By Product Type, By Value (USD Million), 2019-2031
- Figure 29 Nigeria Industrial Fastener Market Share, By End User, By Value (USD Million), 2019-2031
- Figure 30 Algeria Industrial Fastener Market Size, By Value (USD Million), 2019-2031
- Figure 31 Algeria Industrial Fastener Market Share, By Material Type, By Value (USD Million), 2019-2031
- Figure 32 Algeria Industrial Fastener Market Share, By Product Type, By Value (USD Million), 2019-2031
- Figure 33 Algeria Industrial Fastener Market Share, By End User, By Value (USD Million), 2019-2031
- Figure 34 Rest of MEA Industrial Fastener Market Size, By Value (USD Million), 2019-2031
- Figure 35 Rest of MEA Industrial Fastener Market Share, By Material Type, By Value (USD Million), 2019-2031
- Figure 36 Rest of MEA Industrial Fastener Market Share, By Product Type, By Value (USD Million), 2019-2031
- Figure 37 Rest of MEA Industrial Fastener Market Share, By End User, By Value (USD Million), 2019-2031
List of Tables
- Table 1 Middle East and Africa Industrial Fastener Market Size, By Value (USD Million), 2019-2031
- Table 2 Middle East and Africa Industrial Fastener Market Size, By Material Type, By Value (USD Million), 2019-2031
- Table 3 Middle East and Africa Industrial Fastener Market Size, By Product Type, By Value (USD Million), 2019-2031
- Table 4 Middle East and Africa Industrial Fastener Market Size, By End User, By Value (USD Million), 2019-2031
- Table 5 Middle East and Africa Industrial Fastener Market Size, By Country, By Value (USD Million), 2019-2031
- Table 6 Saudi Arabia Industrial Fastener Market Size, By Value (USD Million), 2019-2031
- Table 7 Saudi Arabia Industrial Fastener Market Size, By Material Type, By Value (USD Million), 2019-2031
- Table 8 Saudi Arabia Industrial Fastener Market Size, By Product Type, By Value (USD Million), 2019-2031
- Table 9 Saudi Arabia Industrial Fastener Market Size, By End User, By Value (USD Million), 2019-2031
- Table 10 UAE Industrial Fastener Market Size, By Value (USD Million), 2019-2031
- Table 11 UAE Industrial Fastener Market Size, By Material Type, By Value (USD Million), 2019-2031
- Table 12 UAE Industrial Fastener Market Size, By Product Type, By Value (USD Million), 2019-2031
- Table 13 UAE Industrial Fastener Market Size, By End User, By Value (USD Million), 2019-2031
- Table 14 Qatar Industrial Fastener Market Size, By Value (USD Million), 2019-2031
- Table 15 Qatar Industrial Fastener Market Size, By Material Type, By Value (USD Million), 2019-2031
- Table 16 Qatar Industrial Fastener Market Size, By Product Type, By Value (USD Million), 2019-2031
- Table 17 Qatar Industrial Fastener Market Size, By End User, By Value (USD Million), 2019-2031
- Table 18 Kuwait Industrial Fastener Market Size, By Value (USD Million), 2019-2031
- Table 19 Kuwait Industrial Fastener Market Size, By Material Type, By Value (USD Million), 2019-2031
- Table 20 Kuwait Industrial Fastener Market Size, By Product Type, By Value (USD Million), 2019-2031
- Table 21 Kuwait Industrial Fastener Market Size, By End User, By Value (USD Million), 2019-2031
- Table 22 South Africa Industrial Fastener Market Size, By Value (USD Million), 2019-2031
- Table 23 South Africa Industrial Fastener Market Size, By Material Type, By Value (USD Million), 2019-2031
- Table 24 South Africa Industrial Fastener Market Size, By Product Type, By Value (USD Million), 2019-2031
- Table 25 South Africa Industrial Fastener Market Size, By End User, By Value (USD Million), 2019-2031
- Table 26 Nigeria Industrial Fastener Market Size, By Value (USD Million), 2019-2031
- Table 27 Nigeria Industrial Fastener Market Size, By Material Type, By Value (USD Million), 2019-2031
- Table 28 Nigeria Industrial Fastener Market Size, By Product Type, By Value (USD Million), 2019-2031
- Table 29 Nigeria Industrial Fastener Market Size, By End User, By Value (USD Million), 2019-2031
- Table 30 Algeria Industrial Fastener Market Size, By Value (USD Million), 2019-2031
- Table 31 Algeria Industrial Fastener Market Size, By Material Type, By Value (USD Million), 2019-2031
- Table 32 Algeria Industrial Fastener Market Size, By Product Type, By Value (USD Million), 2019-2031
- Table 33 Algeria Industrial Fastener Market Size, By End User, By Value (USD Million), 2019-2031
- Table 34 Rest of MEA Industrial Fastener Market Size, By Value (USD Million), 2019-2031
- Table 35 Rest of MEA Industrial Fastener Market Size, By Material Type, By Value (USD Million), 2019-2031
- Table 36 Rest of MEA Industrial Fastener Market Size, By Product Type, By Value (USD Million), 2019-2031
- Table 37 Rest of MEA Industrial Fastener Market Size, By End User, By Value (USD Million), 2019-2031
- Table 38 Illinois Tool Works Incorporation Company Overview
- Table 39 Illinois Tool Works Incorporation Financial Overview
- Table 40 Hilti Corporation Company Overview
- Table 41 Hilti Corporation Financial Overview
- Table 42 Bollhoff Group Company Overview
- Table 43 Bollhoff Group Financial Overview
- Table 44 The Wurth Group Company Overview
- Table 45 The Wurth Group Financial Overview
- Table 46 Penn Engineering & Manufacturing Corp. Company Overview
- Table 47 Penn Engineering & Manufacturing Corp. Financial Overview
