Fasteners Market by Raw Material, Commodity, Product, Application, Distribution Channel

List of Tables

[180 Pages Report] The Fasteners Market size was estimated at USD 65.33 billion in 2023 and expected to reach USD 68.95 billion in 2024, at a CAGR 5.85% to reach USD 97.30 billion by 2030.

Fasteners are mechanical devices designed to join or affix two or more objects together temporarily or permanently, including screws, bolts, nuts, and rivets, among others. Their application spans industries such as automotive, aerospace, construction, and electronics, primarily due to their reliability, ease of use, and the variety of types available to suit different materials and strength requirements. The growing demand for fasteners is driven by factors such as the expansion of the construction and automotive sectors, advancements in manufacturing techniques, and the global surge in infrastructure projects. However, challenges such as the potential for corrosion, material compatibility, and the need for precise installation can limit their effectiveness. Addressing these disadvantages requires ongoing innovation in material science to develop corrosion-resistant alloys, employ advanced coatings, and enhance design techniques for improved strength and durability. The increasing adoption of lightweight and high-strength materials in various industries and the rise of Industry 4.0 fostering smart manufacturing practices are expected to elevate the fasteners market. Implementing IoT-enabled fasteners for real-time monitoring and adopting eco-friendly materials are anticipated to redefine their application and open new avenues for growth in the fastener industry.

KEY MARKET STATISTICS
Base Year [2023]	USD 65.33 billion
Estimated Year [2024]	USD 68.95 billion
Forecast Year [2030]	USD 97.30 billion
CAGR (%)	5.85%

Raw Material: Exponential utility of metal fasteners owing to their effectiveness and durability

Metal fasteners are renowned for their durability, strength, and resistance to high temperatures and pressures. They are predominantly used in industries such as automotive, aerospace, construction, and heavy machinery. This segment is further categorized into steel, stainless steel, aluminum, and brass fasteners, among others. Steel fasteners, known for their strength and versatility, are widely used across various industries. Stainless steel fasteners offer enhanced corrosion resistance, making them ideal for use in environments prone to rust or chemical exposure. Aluminum fasteners are lightweight yet strong, preferred in aerospace and automotive sectors for their ability to reduce overall weight. Leading manufacturers include Arconic and B&B Specialties. Plastic fasteners are valued for their lightweight, non-conductive, and corrosion-resistant properties, making them suitable for consumer electronics, healthcare, and automotive applications. This segment includes nylon, polycarbonate, and ABS plastic fasteners, among others. Nylon, known for its strength and lightweight properties, is frequently used in electronics and automotive industries. Key providers include Bossard Group and Craftech Industries. Polycarbonate fasteners offer excellent transparency and impact resistance, ideal for applications requiring visual appeal and durability.

Application: Rising need for advanced fasteners in the automotive & aerospace industries

Aerospace fasteners are specialized to meet the rigorous standards of the aviation industry, prioritizing strength, corrosion resistance, and weight. High-performance materials, including titanium and superalloys, are preferred. Automotive fasteners are crucial for vehicle assembly, requiring durability and reliability. Stainless steel and aluminum are common due to their strength-to-weight ratio. Fasteners in construction must support structural integrity and withstand environmental factors. Furniture fasteners focus on aesthetics as well as function, with a preference for easy installation and adjustability. Fasteners for home appliances must be durable and capable of withstanding vibrational forces, with stainless steel being a common choice. The industrial machinery sector demands high-strength fasteners that can withstand high stress and temperatures, with preferences including alloy steel and carbon steel. Fasteners in lawn and garden equipment must resist corrosion and outdoor conditions. Motors & pumps require fasteners that can endure high rotational forces and fluid environments, often opting for stainless steel or coated fasteners. Plumbing fasteners must resist water and chemical exposure, making brass and stainless steel common choices.

Regional Insights

In the Americas, the use of fasteners is heavily driven by the automotive, aerospace, and construction industries, with a strong emphasis on innovation and high-quality manufacturing standards. The region boasts a robust network of manufacturers, many of which are global leaders aiming to enhance product performance and sustainability. Production techniques often involve advanced technologies, including automation and new material applications. Meanwhile, the APAC region is characterized by its vast production capabilities and is the largest producer and consumer of fasteners. This region benefits from lower manufacturing costs, a vast labor force, and increasing infrastructure development, making it a global hub for standard and specialized fasteners catering to various industrial demands. However, the landscape is fragmented with numerous small and medium-sized enterprises, leading to fierce competition and pressure on pricing strategies. The EMEA region presents a blend of mature and emerging markets, with a strong focus on quality standards and innovation, particularly in Germany, Italy, and the Middle East. The European fastener industry is highly regulated, emphasizing environmental and safety standards. Companies in EMEA tend to focus on niche markets, producing specialized fasteners for the automotive, aerospace, and renewable energy sectors, with sustainability and product optimization being key trends.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Fasteners Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Fasteners Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Fasteners Market, highlighting leading vendors and their innovative profiles. These include Ananka Group, Asia Bolts Industries LLC, ATF Inc., Birmingham Fastener & Supply, Inc., Boltun Corporation, Ltd., Bufab Group, CDP Fastener Group, Inc., DE FASTENERS INC., Dokka Fasteners AS, Hilti Corporation, Kaloti Group, Kamax Holding GmbH & Co. KG, KOVA Fasteners Pvt Ltd., LISI Group, Meidoh Co., Ltd., MW Industries, Inc., Nifco Inc., Sesco Industries Inc., Simmonds Marshall Limited, Stanley Black & Decker, Inc., Sundram Fasteners Ltd., The Boeing Company, TR Fastenings by Trifast group, TriMas Corporation, and Usha Fasteners.

Market Segmentation & Coverage

This research report categorizes the Fasteners Market to forecast the revenues and analyze trends in each of the following sub-markets:

Raw Material
- Metal
- Plastic

Commodity
- Bolts
- Nuts
- Screws

Product
- Aerospace Grade
- Externally Threaded
- Internally Threaded
- Medical Grade
- Non-Threaded

Application
- Aerospace
- Automotive
- Building & Construction
- Furniture
- Home Appliances
- Industrial Machinery
- Lawn & Garden
- Motors & Pumps
- Plumbing Products

Distribution Channel
- Offline
- Online

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Fasteners Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Fasteners Market?

3. What are the technology trends and regulatory frameworks in the Fasteners Market?

4. What is the market share of the leading vendors in the Fasteners Market?

5. Which modes and strategic moves are suitable for entering the Fasteners Market?

Product Code: MRR-434CCDA05079

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing Mechanization and Automation in the Automotive Sector
  - 5.1.1.2. Increase in Production Rates in Aviation and Demand for Aviation-grade Fasteners
  - 5.1.1.3. Significant penetration of PTFE fasteners in food, medical, and surgical equipment
- 5.1.2. Restraints
  - 5.1.2.1. Rising Concerns over Greenhouse Gases (GHG) Emissions
- 5.1.3. Opportunities
  - 5.1.3.1. Advancement in the Fasteners Technology
  - 5.1.3.2. High Potential with Continuous Growth in Urbanization and Industrialization
- 5.1.4. Challenges
  - 5.1.4.1. Fluctuation in the cost of the raw material
5.2. Market Segmentation Analysis
- 5.2.1. Raw Material: Exponential utility of metal fasteners owing to their effectiveness and durability
- 5.2.2. Application: Rising need for advanced fasteners in the automotive & aerospace industries
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Fasteners Market, by Raw Material

6.1. Introduction
6.2. Metal
6.3. Plastic

7. Fasteners Market, by Commodity

7.1. Introduction
7.2. Bolts
7.3. Nuts
7.4. Screws

8. Fasteners Market, by Product

8.1. Introduction
8.2. Aerospace Grade
8.3. Externally Threaded
8.4. Internally Threaded
8.5. Medical Grade
8.6. Non-Threaded

9. Fasteners Market, by Application

9.1. Introduction
9.2. Aerospace
9.3. Automotive
9.4. Building & Construction
9.5. Furniture
9.6. Home Appliances
9.7. Industrial Machinery
9.8. Lawn & Garden
9.9. Motors & Pumps
9.10. Plumbing Products

10. Fasteners Market, by Distribution Channel

10.1. Introduction
10.2. Offline
10.3. Online

11. Americas Fasteners Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Fasteners Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Fasteners Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Sundram Fasteners to Invest INR 1,411 Crore on Expansion
- 14.3.2. Fastener Supply Company to Acquire General Machinery in Strategic Merger Deal
- 14.3.3. TR Launches New Products to Its Plastics & Rubber Hardware Range
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio