PUBLISHER: Grand View Research | PRODUCT CODE: 1941413
PUBLISHER: Grand View Research | PRODUCT CODE: 1941413
The global industrial fasteners market size was estimated at USD 103.92 billion in 2025 and is projected to reach USD 153.71 billion by 2033, growing at a CAGR of 5.1% from 2026 to 2033. 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 consider when tracking the regional market development. The construction industry notably impacts the demand for industrial fasteners as they are extensively used in buildings, bridges, walls, and roofs. Unlike other industries, fasteners used in construction are standardized and subject to stringent quality checks. Government intervention through a regulatory framework pressurizes manufacturers to offer standardized products with superior performance characteristics. The U.S. is one of the largest fastener-importing countries in the world and is likely to witness a similar trend over the forecast period on account of high product demand in automation, aerospace, and other industrial applications. Moreover, owing to the growing demand for lightweight vehicles and aircraft, companies are shifting from standard to customized products, which in turn is positively increasing the U.S. fastener market size across these industries.
The market for industrial fasteners is characterized by intensive technological developments to produce advanced, lightweight products that find usage in automotive and other industrial applications. With the enhancement in technology, the rising demand for hybrid fasteners, which incorporate a combination of injection-molded plastic components with metal elements, is expected to drive the demand.
Increasing metal prices and the decelerating growth of these fasteners, owing to their replacement by plastic fasteners, automotive tapes, and adhesives, are expected to be key barriers for metal fastener manufacturers over the forecast period. Plastic fastener manufacturers are expected to gain an advantage owing to the rising demand for lightweight components from automotive manufacturers.
Companies engaged in the manufacturing of fasteners require significant capital investment owing to the high production volumes and stringent specifications concerning testing and labeling. Industrial fasteners, including bolts, screws, nuts, studs, and rivets, are manufactured and distributed by various participants. Companies invest significantly in R&D activities, thus resulting in dynamic market conditions.
Global Industrial Fasteners Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global industrial fasteners market report based on raw material, product, application, distribution channel, type, and region.