Fasteners Market by Raw Material (Metal, Plastic), Commodity (Bolts, Nuts, Screws), Product, Application, Distribution Channel - Global Forecast 2024-2030

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[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 Market
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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.

Fasteners Market - Global Forecast 2024-2030
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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.

Recent Developments
  • Sundram Fasteners to Invest INR 1,411 Crore on Expansion

    Sundram Fasteners recently announced a substantial investment strategy through a Memorandum of Understanding with the Tamil Nadu government. This ambitious investment, amounting to INR 1,411 crore, was unveiled at the Tamil Nadu Global Investors Meet 2024 in Chennai. The investment aims to align with the state's Industrial Policy as well as its EV Policy, marking a significant step towards expanding Sundram Fasteners’ capacity in existing product lines and components for electric vehicles. [Published On: 2024-01-12]

  • Fastener Supply Company to Acquire General Machinery in Strategic Merger Deal

    Fastener Supply Company announced the recent acquisition of General Machinery, which significantly enhances the company's standing in the fastener industry. This strategic move strengthens Fastener Supply Company's existing capabilities and product range and opens up new avenues for growth and innovation. This acquisition, having received all necessary regulatory approvals, promises a seamless integration process, maintaining high customer service standards throughout the transition. [Published On: 2023-08-07]

  • TR Launches New Products to Its Plastics & Rubber Hardware Range

    TR Fastenings, a division of the Trifast group, announced plans to broaden its product spectrum by integrating an additional 1,500 part numbers into its already extensive Plastic & Rubber Hardware collection. This strategic enhancement directly results from the company's commitment to meeting the growing need for innovative plastic materials and components. [Published On: 2023-04-23]

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?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Fasteners Market, by Raw Material
  7. Fasteners Market, by Commodity
  8. Fasteners Market, by Product
  9. Fasteners Market, by Application
  10. Fasteners Market, by Distribution Channel
  11. Americas Fasteners Market
  12. Asia-Pacific Fasteners Market
  13. Europe, Middle East & Africa Fasteners Market
  14. Competitive Landscape
  15. Competitive Portfolio
  16. List of Figures [Total: 26]
  17. List of Tables [Total: 478]
  18. List of Companies Mentioned [Total: 25]
Frequently Asked Questions
  1. How big is the Fasteners Market?
    Ans. The Global Fasteners Market size was estimated at USD 65.33 billion in 2023 and expected to reach USD 68.95 billion in 2024.
  2. What is the Fasteners Market growth?
    Ans. The Global Fasteners Market to grow USD 97.30 billion by 2030, at a CAGR of 5.85%
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