Industrial Fasteners market Size Exceed US$ 121.8 Bn by 2030

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The global industrial Fasteners market size is expected to be worth around US$ 121.8 billion by 2030, according to a new report by Vision Research Reports.

The global industrial fasteners market size was valued at US$ 90.12 billion in 2020 and is anticipated to grow at a CAGR of 5.1% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 121.8 billion by 2030
Growth Rate CAGR of 5.1% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Raw material, product, application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Arconic Fastening Systems and Rings; Acument Global Technologies, Inc.; ATF, Inc.; Dokka Fasteners A S; LISI Group; Nippon Industrial Fasteners Company (Nifco); Hilti Corporation; MW Industries, Inc.; Birmingham Fastener and Supply, Inc.; SESCO Industries, Inc.; Elgin Fastener Group LLC; Rockford Fastener, Inc.; Slidematic Precision Components, Inc.; Manufacturing Associates, Inc.; Eastwood Manufacturing; Brunner Manufacturing Co., Inc.; Decker Industries Corporation; Penn Engineering & Manufacturing Corporation; EJOT; Illinois Tool Works, Inc.; Stanley Black & Decker, Inc.; KOVA Fasteners Pvt. Ltd.; Standard Fasteners Ltd.; Precision Castparts Corp.

Growth Factors

Increasing mechanization and growing utilization of machinery in industrial applications are expected to drive the product demand during the forecast period. Wide product portfolio and commercial availability of application-specific bonding fasteners have propelled the market growth. In addition, innovations in dimension and materials used in fastening products have augmented their demand in industrial machinery manufacturing. Developments in fastening technology to reduce the overall weight of the machine are expected to introduce substitute products for fasteners, which is likely to have a positive impact on the market growth.

The automotive application segment accounted for the largest revenue share of the market in 2020 and is expected to continue its dominance over the forecast period. The growing demand for Electric Vehicles (EVs) is expected to boost automotive production across the globe, which, in turn, will support market growth.

By Raw Materia lAnalysis

The metal raw material segment accounted for the largest revenue share of more than 91% in 2020 owing to the high demand for metal fasteners. High tensile strength, enhanced lifespan, and durability of metal products are the factors for their popularity in industrial bonding applications. Metal fasteners are manufactured using stainless steel, nylon, aluminum, carbon steel, nickel, silicon bronze, copper, brass, alloy steel, bronze, and titanium

Plastic fasteners are increasingly becoming popular in the automotive and electronics industries for the past few years. Plastic fasteners are manufactured using materials such as Polypropylene (PP), Polyurethane (PUR), Polyvinylchloride (PVC), Polyacrylamide (PA), Polystyrene (PS), Polyethylene (PE), and nylon.

By Product Analysis

The externally threaded product segment accounted for the maximum revenue share of 48.5% in 2020. The segment is likely to maintain its dominance over the forecast period. Bolts and screws are the most commonly used types of externally threaded fasteners.

Non-threaded fasteners include pins, washers, rivets, hooks, grommets, O-rings, clamps, cable ties, and nails. These products have numerous applications, such as in cable management and wire harnessing, and are also used to secure pipe fittings in the automotive and construction sectors.

By Application Analysis

The automotive application segment accounted for the largest revenue share of more than 30% in 2020. Large-scale production of commercial and passenger vehicles across the globe has supported the growth of the segment. In addition, the growing demand for EVs is expected to increase the production of vehicles across the globe, which, in turn, is likely to boost the demand for fasteners in the years to come.

On the basis of application, the market has been segmented into automotive, aerospace, building & construction, industrial machinery, home appliances, lawn & gardens, motors & pumps, furniture, plumbing products, and others. The aerospace segment is estimated to register the fastest CAGR during the forecast years.

By Regional Analysis

Asia Pacific dominated the global market with a revenue share of 42.7% in 2020. The presence of multinational and domestic players engaged in automotive, machinery, and component manufacturing operations has led to the product demand in this region.

 Europe is a prime destination for automotive development. The presence of multinational automakers in the region coupled with enhanced production facilities and innovative manufacturing techniques has assisted the market growth. The adoption of automation in production facilities is further expected to boost market growth.

The product demand in Germany is likely to grow at a steady rate on account of the growth of the construction and manufacturing sectors. In Europe, Germany stood as the largest industrial manufacturing country, holding over 20% of the overall market share.

Key Players

  • Arconic Fastening Systems and Rings
  • Acument Global Technologies, Inc.
  • ATF, Inc.
  • Dokka Fasteners A S
  • LISI Group – Link Solutions for Industry
  • Nippon Industrial Fasteners Company (Nifco)
  • Hilti Corporation
  • MW Industries, Inc.
  • Birmingham Fastener and Supply, Inc.
  • SESCO Industries, Inc.
  • Elgin Fastener Group LLC
  • Rockford Fastener, Inc.
  • Slidematic Precision Components, Inc.
  • Manufacturing Associates, Inc.
  • Eastwood Manufacturing
  • Brunner Manufacturing Co., Inc.
  • Decker Industries Corporation
  • Penn Engineering & Manufacturing Corporation
  • EJOT
  • Illinois Tool Works, Inc.
  • Stanley Black & Decker, Inc.
  • KOVA Fasteners Pvt. Ltd.
  • Standard Fasteners Ltd.
  • Precision Castparts Corp.

Market Segmentation

  • By Raw Material
    • Plastic
    • Metal
  • By Product
    • Externally Threaded
    • Internally Threaded
    • Non-threaded
    • Aerospace Grade
  • By Application
    • Automotive
    • Aerospace
    • Building & Construction
    • Industrial Machinery
    • Home Appliances
    • Lawn and Garden
    • Motors and Pumps
    • Furniture
    • Plumbing Products
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • Spain
      • France
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Indonesia
      • Thailand
      • Malaysia
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • UAE
      • Saudi Arabia
      • South Africa

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Industrial Fasteners Market, By Raw Material

7.1.  Industrial Fasteners Market, by Raw Material, 2021-2030

7.1.1.    Plastic

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Metal

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Industrial Fasteners Market, By Product

8.1.  Industrial Fasteners Market, by Product, 2021-2030

8.1.1.    Externally Threaded

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Internally Threaded

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Non-threaded

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Aerospace Grade

8.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Industrial Fasteners Market, By Application

9.1.  Industrial Fasteners Market, by Application, 2021-2030

9.1.1.    Automotive

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Aerospace

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    Building & Construction

9.1.3.1.        Market Revenue and Forecast (2017-2030)

9.1.4.    Industrial Machinery

9.1.4.1.        Market Revenue and Forecast (2017-2030)

9.1.5.    Home Appliances

9.1.5.1.        Market Revenue and Forecast (2017-2030)

9.1.6.    Lawn and Garden

9.1.6.1.        Market Revenue and Forecast (2017-2030)

9.1.7.    Motors and Pumps

9.1.7.1.        Market Revenue and Forecast (2017-2030)

9.1.8.    Furniture

9.1.8.1.        Market Revenue and Forecast (2017-2030)

9.1.9.    Plumbing Products

9.1.9.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Industrial Fasteners Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Raw Material (2017-2030)

10.1.2.  Market Revenue and Forecast, by Product (2017-2030)

10.1.3.  Market Revenue and Forecast, by Application (2017-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

10.1.4.2.      Market Revenue and Forecast, by Product (2017-2030)

10.1.4.3.      Market Revenue and Forecast, by Application (2017-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

10.1.5.2.      Market Revenue and Forecast, by Product (2017-2030)

10.1.5.3.      Market Revenue and Forecast, by Application (2017-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Raw Material (2017-2030)

10.2.2.  Market Revenue and Forecast, by Product (2017-2030)

10.2.3.  Market Revenue and Forecast, by Application (2017-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

10.2.4.2.      Market Revenue and Forecast, by Product (2017-2030)

10.2.4.3.      Market Revenue and Forecast, by Application (2017-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

10.2.5.2.      Market Revenue and Forecast, by Product (2017-2030)

10.2.5.3.      Market Revenue and Forecast, by Application (2017-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

10.2.6.2.      Market Revenue and Forecast, by Product (2017-2030)

10.2.6.3.      Market Revenue and Forecast, by Application (2017-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

10.2.7.2.      Market Revenue and Forecast, by Product (2017-2030)

10.2.7.3.      Market Revenue and Forecast, by Application (2017-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Raw Material (2017-2030)

10.3.2.  Market Revenue and Forecast, by Product (2017-2030)

10.3.3.  Market Revenue and Forecast, by Application (2017-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

10.3.4.2.      Market Revenue and Forecast, by Product (2017-2030)

10.3.4.3.      Market Revenue and Forecast, by Application (2017-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

10.3.5.2.      Market Revenue and Forecast, by Product (2017-2030)

10.3.5.3.      Market Revenue and Forecast, by Application (2017-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

10.3.6.2.      Market Revenue and Forecast, by Product (2017-2030)

10.3.6.3.      Market Revenue and Forecast, by Application (2017-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

10.3.7.2.      Market Revenue and Forecast, by Product (2017-2030)

10.3.7.3.      Market Revenue and Forecast, by Application (2017-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Raw Material (2017-2030)

10.4.2.  Market Revenue and Forecast, by Product (2017-2030)

10.4.3.  Market Revenue and Forecast, by Application (2017-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

10.4.4.2.      Market Revenue and Forecast, by Product (2017-2030)

10.4.4.3.      Market Revenue and Forecast, by Application (2017-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

10.4.5.2.      Market Revenue and Forecast, by Product (2017-2030)

10.4.5.3.      Market Revenue and Forecast, by Application (2017-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

10.4.6.2.      Market Revenue and Forecast, by Product (2017-2030)

10.4.6.3.      Market Revenue and Forecast, by Application (2017-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

10.4.7.2.      Market Revenue and Forecast, by Product (2017-2030)

10.4.7.3.      Market Revenue and Forecast, by Application (2017-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Raw Material (2017-2030)

10.5.2.  Market Revenue and Forecast, by Product (2017-2030)

10.5.3.  Market Revenue and Forecast, by Application (2017-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

10.5.4.2.      Market Revenue and Forecast, by Product (2017-2030)

10.5.4.3.      Market Revenue and Forecast, by Application (2017-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

10.5.5.2.      Market Revenue and Forecast, by Product (2017-2030)

10.5.5.3.      Market Revenue and Forecast, by Application (2017-2030)

Chapter 11.  Company Profiles

11.1.              Arconic Fastening Systems and Rings

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Acument Global Technologies, Inc.

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              ATF, Inc.

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Dokka Fasteners A S

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              LISI Group – Link Solutions for Industry

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              Nippon Industrial Fasteners Company (Nifco)

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              Hilti Corporation

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              MW Industries, Inc.

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              Birmingham Fastener and Supply, Inc.

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           SESCO Industries, Inc.

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

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