Industrial Fasteners Market Size - By Product Type, By Material, By Coating Type, By Size Range, By End Use Industry, By Distribution Channel, Growth Forecast, 2025 - 2034

Industrial Fasteners Market Size

The global industrial fasteners market size was estimated at 124.2 billion in 2024 and is expected to reach 173.8 billion by 2034, growing at a CAGR of 3.4% from 2025 to 2034, due to the increasing demand from the automotive and construction industries along with the rising investments in infrastructure development projects globally.

• As the growth of global automotive industry is on a rise, particularly in developing economies such has South Korea, India and Japan, demand for specialized industrial fasteners is growing steadily. The rapid adoption of electric vehicles (EVs) has created opportunities for additional design for EV-specific fasteners to cater to the specific needs of EV production, such as light-weight and corrosion-resistant materials for fasteners.
   
• According to the European Automobile Manufacturers Association, global car sales grew by 10% in 2023, exceeding 72 million units, as supply chain issues eased. 18.6% growth in European sales was fueled by expansion in both EU and Eastern European markets. Russia and Ukraine, after declining sharply in 2022, demonstrated significant growth, while Türkiye experienced a 63.2% jump, coming close to one million units sold.
   
• Additionally, 15% car sales growth was seen in North America in 2023, even amid high inflation and increasing interest rates. The U.S. saw a 14.4% rise in new car sales. In South America, passenger car sales remained steady at over 2.8 million units, unchanged from 2022.
   
• Fasteners are a crucial component in construction works, such as residential, commercial, and infrastructure constructions. Urbanization and population growth has propelled the demand for new construction activities across the nations, further boosting the demand for fasteners.
   
• The use of advanced construction technologies and materials has produced a demand for high-performance fasteners that provide durability and safety in contemporary structures. Significant public spending on infrastructure projects, particularly in transportation and energy sectors, is the primary factor driving industrial fasteners market growth.
   
• The government of Germany suggested construction rules as a component of a USD 47 billion (45-billion euro) rescue package to support an industry hit by rising costs and high interest rates. Berlin will provide USD 10 billion (18 billion euros) to provide until 2027 cheap housing, with the remaining funds to be supplied by municipal and state governments. The government will also encourage the reuse of vacant offices and stores into flats with USD 502 million within the next two years which can be utilized to construct 235,000 new apartments.
   
• North America leads the market, supported by rapid industrialization and surging adoption of e-vehicle across the countries such as U.S. and Canada. Asia-Pacific is the fastest-growing region, driven by rapid growth in automotive industry across the countries such as South Korea, India and China.
   

Industrial Fasteners Market Trends

• Fasteners are one of the most popular devices that are used to connect or join two or more objects. The connection may be permanent or temporary depending on the need for the project.
   
• In terms of future advancements, new materials like carbon fiber and alloys are being evaluated to be the best applicable for different working conditions and scenarios. These newer materials offer something unique and aim to help improve the performance of existing variants of fasteners. Superconducting, anti-corrosion and ultra-lightweight are some of the unique characteristics of fasteners, which are produced from new alloys.
   
• Miniature fasteners are potentially one of the most influential changes as far as advancement in fastener technology is concerned. Fasteners are being driven towards designs that require the least amount of space. The change in design has led to the reduction of the total area required to install the hardware.
   
• Manufacturers are collaborating to create advanced industrial fasteners to increase the range of applications. The MM-Welding System is a result of joint venture between the Bossard Group and SKion GmbH, including a series of stand-alone, operator-controlled fastening machines that leverage the latest in AI and smart solutions software.
   
• One of the notable trends in the overall fastener market is the introduction of smart fastener. Developed by Hilti, these fastener features unique identification and advanced digital documentation capabilities, accessible through smartphones.
   
• Digital integration, smart fasteners, lightweight designs these advancements are projected to drive significant growth, particularly in the automotive and aerospace sector, and provide a competitive edge to manufacturers embracing these technologies.
   

Industrial Fasteners Market Analysis

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Based on the product type, the market is divided into screws, bolts, nuts, rivets, threaded inserts and rods, washers, and others. In 2024, screws segment generating revenue of USD 30.9 billion and is expected to grow at a CAGR of 3.9% during 2025 to 2034.
 

• Combining smart and IoT technologies is transforming the application and design of fasteners like bolts and screw. Fasteners that are IoT-enabled are gaining popularity, as they allow real-time tracking of tension, vibration, and environmental factors.
   
• Bolts segment grows at 3.6% CAGR, with the economies are highly focusing on decreasing carbon footprints, demand for ecofriendly fastener solutions is on the rise. Industrial fastening solutions that can be recycled and biodegradable are gaining popularity, in sectors such as construction and automotive.
   
• As sectors such as aerospace and automobiles continue to innovate, high-tensile strength screws, lightweight automotive screws, and aerospace-grade fasteners are in increasing demand.
   
• The top three segments, screws, bolts and nuts collectively account for over 62% of the total market value. Zinc-nickel, Dacromet, and ceramic coatings are emerging as the choice of corrosion-resistant fasteners. These coatings enhance strength and increase the life span of fasteners in harsh environments.

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Based on end use industry, the industrial fasteners market is segmented into construction, automotive, aerospace, marine, energy, oil and gas and others. In 2024, the automotive segment dominates the market with 30% market share and is expected to grow at a CAGR of 3.9% from 2025 to 2034.
 

• The automotive industry utilizes diverse types of fasteners in the production of cars, trucks, vans, and SUVs. These fasteners are often used to connect and secure vehicle components such as engine parts. Fasteners used in automobiles can be made from various materials including iron, iron and steel alloy, plastic, and other materials. They are also provided in varied sizes, shapes, and colors.
   
• The construction segment holds 27% market share with over 3.6% CAGR, the growth of construction industries in various countries has increased the demand for fasteners across the globe. Fasteners are required in so many aspects of construction whether for residential, commercial, or industrial projects. The buildings, homes, and other structures rely heavily on the use of the proper fasteners provided by an industrial fastener supplier to ensure structural integrity and performance.
   
• In 2023, the federal government allocated $44.8 billion to infrastructure and transferred $81.5 billion to states. In 2021, state and local governments spent $218.5 billion on transportation and infrastructure, accounting for 56% of total government spending in this sector that year. Construction spending in the United States topped USD 2.1 billion in 2023 according to the U.S. Census Bureau.
   

Based on material, the industrial fasteners market is segmented into steel, aluminum, titanium, copper, and others. In 2024, the steel segment dominates the market and is expected to grow at a CAGR of over 3.7% from 2025 to 2034.
 

• Steel is one of the most common raw materials used to manufacture a wide range of high-performance nuts, bolts, and screws. The fasteners made of steel are often available plain and are the most commonly used ones in smaller-scale units and allied low-gravity works.
   
• The fasteners in this category come with varied surface treatments including chrome plating, zinc plating, and galvanization. As far as the steel to be used is concerned, it is determined according to the requirements. Steel is available for fasteners making in 4 standard grades.
   
• Stainless steel is an alloy that has the properties of certain percentages of nickel and chromium and low carbon grades. The chromium components present in this alloy make this extremely corrosion resistant. Due to this factor, nuts and bolts made of stainless steel do not deform even after prolonged use.
   
• The fasteners made using aluminum material retain their corrosion resistance even after getting drastically scratched or nicked at the time of installation or even when in regular use. A large number of fasteners are manufactured using special aluminum formulations in which a large number of elements including iron, magnesium, silicon, and zinc are also added when they are in the making.

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In terms of country, the United States led the industrial fasteners market with 76% share of the North America and is likely to exceed USD 19.9 billion revenue in 2024, driven by rapid growth of automobile and construction industries along with the rising investments in infrastructure development projects globally.
 

• The US Congress passed the Bipartisan Infrastructure Law, known as the Infrastructure Investment and Jobs Act (IIJA), allocating US$1.2 trillion to upgrade infrastructure, including ports, parks, and electric vehicle stations. Spending began in 2022 and will continue over five years, focusing on roads, bridges, rails, airports, high-speed internet, and climate initiatives. So far, $69.7 billion has been spent. In 2023, the federal government allocated $44.8 billion to infrastructure and transferred $81.5 billion to states. In 2021, state and local governments spent $218.5 billion on transportation and infrastructure, accounting for 56% of total government spending in this sector that year. Construction spending in the United States topped USD 2.1 billion in 2023 according to the U.S. Census Bureau.
   
• According to the International Council on Clean Transportation, U.S. sales of new electric light-duty vehicles hit approximately 1.4 million in 2023, a rise from 1 million in 2022, translating to a sales share of 9%. The electric vehicle market's growth varied across states nationwide.
   

The Europe industrial fasteners market was valued at USD 20.6 billion in 2024 and is projected to grow at a CAGR of 2.8% between 2025 and 2034.
 

• According to the European Automobile Manufacturers Association, global car sales grew by 10% in 2023, exceeding 72 million units, as supply chain issues eased. 18.6% growth in European sales was fueled by expansion in both EU and Eastern European markets.
   
• Russia and Ukraine, after declining sharply in 2022, demonstrated significant growth, while Türkiye experienced a 63.2% jump, coming close to one million units sold.
   

The Asia Pacific industrial fasteners market was valued at USD 65.1 billion in 2024 and is projected to grow at a CAGR of 3.9% between 2025 and 2034.
 

• The industrial fasteners industry in India has witnessed notable growth, particularly in recent years. With the Indian government’s ‘Make in India’ initiative, the Indian manufacturing sector such as automobiles is expected to generate a never-before demand for high-quality industrial-grade fasteners. Top stainless steel screw manufacturers in India usually market their products through a wide variety of distribution channels.
   
• According to the Society of Indian Automobile Manufacturers, the automotive industry grew 7.3% in domestic sales, continuing its upward trajectory. Exports rose by 19.2%, reflecting strong global demand.
   

The Middle East and Africa industrial fasteners market was valued at USD 4.7 billion in 2024 and is projected to grow at a CAGR of 2.1% between 2025 and 2034.
 

• Saudi Arabia is transforming its economy under "Vision 2030", a plan to diversify economy beyond oil. This initiative is driving investments in infrastructure, manufacturing, and renewable energy, increasing demand for fasteners in construction and industrial projects.
   
• The US$500 billion NEOM city, a hub for innovation and technology, exemplifies this shift. Its construction alone is expected to require 4 million metric tons of fasteners, highlighting the significant demand generated by such large-scale projects.
   

Industrial Fasteners Market Share

• The top 7 companies in the industrial fasteners industry are Accurate Manufactured Products Group, Hillman, Huyett, Penn Engineering, Stanley Engineered Fastening, Portland Bolt, TR Fastenings contributing around 5%-8% of the market in 2024.
   
• These companies continue to acquire and merge with others, expand facilities, and make various collaborations to increase their product offerings, access customer bases, and secure their market positions.
   
• Hillman led with its 1%-2% market share. Hillman has made investments to extend its network of distribution in a bid to enhance product availability and convenience in major markets. The Hillman Group and FC Cincinnati have entered a 5-year partnership aimed at strengthening community impact in the West End and surrounding neighborhoods. Through this collaboration, they aim to extend their reach, create meaningful opportunities, and align their efforts with shared missions and values working together to improve lives. These initiatives have helped the company achieve significant growth, evident from its net sales of USD 1,002 million during 2024.
   
• Stanley Black & Decker has emphasized innovation by investing in research and development to design engineered fasteners that provide better performance and reliability. This emphasis on innovation has allowed Stanley Black & Decker to serve a diverse range of industrial applications, thus broadening its customer base. The firm has also focused on streamlining its supply chain to provide timely delivery and cost-effectiveness, which has improved customer satisfaction. Further, Stanley Black & Decker has also been aggressively expanding globally by focusing on emerging high-growth markets. The company’s engineered fasteners segment made revenues worth $464 million in 2024, with a profit of $39 million, showing the achievement of its strategic efforts. In an effort to further establish its market foothold, Stanley Black & Decker has undertaken marketing initiatives and partnerships that help boost brand visibility and customer interaction within the industrial fastening market.
   
• Huyett utilizes its large product line and well-established supply chain abilities to stay competitive. Penn Engineering is a specialist in electronics and other high-tech fastening solutions, keeping itself relevant in specialized markets.
   
• Portland Bolt specializes in the production of large-diameter fasteners for building and infrastructure applications, while TR Fastenings concentrates on global coverage and customized solutions to service different markets. Competitive dynamics are also influenced by other factors like emerging technologies, cost strategies, and the potential to fulfill high-quality standards.
   

Industrial Fasteners Market Companies

Major players operating in the industrial fasteners industry are:

• Accurate Manufactured Products Group
• American Fastener Technologies
• Baden Steelbar & Bolt
• Birmingham Fastener 
• Buckeye Fasteners Company
• Dale Fastener Supply
• Hillman
• Huyett
• KD Fasteners
• Midwest Fastener
• National Bolt & Nut
• Penn Engineering 
• Portland Bolt
• Stanley Engineered Fastening
• TR Fastenings
   

To improve the product and market share key players are constantly investing in technological activities and are also entering into partnerships to provide improved and better solutions for the customers. These investments are benefiting both companies and customers as they help develop and offer solutions as per the changing technological trends and thus the customer requirements.
 

Birmingham Fastener has acquired Anchor Bolt & Supply to expand their footprint in West Texas. Anchor Bolt & Supply, Odessa, Texas, specializes in critical fasteners for the oil and gas and construction industries.
 

Huyett announce that the Company acquired all the assets and business of Big H Corporation (Big H), doing business as PacFas and Mobile Fasteners, in South Houston, TX. The acquisition marks a significant step in Huyett’s growth strategy as the Company will offer 45,000 additional SKUs, many of which are threaded fasteners that are new to Huyett’s product line.
 

Industrial Fasteners Industry News

• In May 2025, Portland Bolt & Manufacturing, a domestic manufacturer and global provider of anchor bolts and nonstandard construction fasteners, announced it has acquired Applied Bolting Technology, a Vermont-based manufacturer of industry leading Direct Tension Indicating washers (DTIs). The acquisition supports Portland Bolt’s strategy to expand its geographic footprint, domestic manufacturing capabilities, and further grow its global relationships in structural and industrial bolting applications.
   
• In April 2025, The Hillman Group announce the launch of its latest innovation in fastening solutions. With a focus on speed and strength, this next generation of Power Pro fasteners features a dual thread design that delivers 30% faster engagement into wood, significantly reducing installation time while maintaining industry leading holding power.
   
• In April 2025, Huyett announces the launch of its new threaded fastener lines. This release includes over 60,000 products in five major categories: bolts, screws, nuts, washers, and anchors. Huyett aims to enhance service for fastener distributors with a vast selection of both common and hard-to-find items.
   
• In April 2024, TR Fastenings launch new Plas-Tech 30-20 screws to product range. Manufactured in TR’s own facilities, the Plas-Tech 30-20 has been developed by TR’s in-house technical engineering teams across global locations to complement the existing Plas-Tech range. This new product has an optimized thread profile which gives advanced performance in a wide variety of plastic materials to meet customer requirements.
   
• In January 2024, Penn Engineering announced the acquisition of Sherex Fastening Solutions, a global player in the design, manufacturing, and installation of blind rivet nuts and associated fastening solutions. Headquartered in Buffalo, New York, Sherex is a premier technical provider of blind rivet nuts, with strong application expertise, and production capabilities worldwide.
   

The industrial fasteners market report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and volume (Million Metric Ton) from 2021 to 2034, for the following segments:

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Market, By Product Type

• Screws
  • Sheet metal screws
  • Machine screws
  • Cap screws
  • Eye screws
  • Lag screws
  • Others (wood screws etc.)
• Bolts
  • Hex bolts
  • U-bolts
  • Eye bolts
  • Carriage bolts
  • Others (chicago bolt etc.)
• Nuts
  • Acorn nuts
  • Weld nuts
  • Hex nuts
  • Wing nuts
  • Others (barrel nuts etc.)
• Rivets
  • Pop rivets
  • Solid rivets
  • Semi-tubular rivets
• Threaded inserts and rods
• Washers
• Others (studs etc.)

Market, By Material

• Steel
  • Stainless steel
  • Carbon steel
  • Alloy steel
  • Others (high tensile steel etc.)
• Aluminum
• Titanium
• Copper
• Others (nickel etc.)

Market, By Coating Type

• Nickel plating
• Silver plating
• Cadmium plating
• Chromium plating
• Zinc plating
• Others (phosphate plating etc.)

Market, By Size Range

• Small (M3-M12)
• Medium (M16-M36)
• Large (M42-M72)

Market, By End Use Industry

• Construction
• Automotive
• Aerospace
• Marine
• Energy
• Oil and gas
• Others (electronics etc.)

Market, By Distribution Channel  

• Direct sales
• Indirect sales

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea  
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE