Industrial Fasteners Market was valued at USD 90.57 billion in 2025 and is projected to reach USD 104.12 billion by 2029, growing at 3.5% cagr from 2025 to 2029. The research report covers industrial fasteners market size, competitive landscape, demand trends, and industry development, offering strategic insights for stakeholders navigating this rapidly evolving sector. Industrial fasteners are mechanical elements used to ensure the joining of objects in manufacturing, construction, and engineering in the form of bolts, screws, nuts, washers, rivets, and anchors. These ensure the stability of machinery, buildings, vehicles, and electronics. They can be made of stainless steel, carbon steel, or alloys, to withstand different kinds of stresses. Fasteners are either permanent or removable, hence flexible in terms of assembly and maintenance. Their quality and precision greatly influence the safety, performance, and durability of industrial structures and equipment.
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By Type, screws segment accounted for the largest market share in 2024
In 2024, the industrial fasteners market had the highest share in terms of screw. Due to their ease of use and flexibility, screws are widely applied in various sectors. They ensure a secure, adjustable, and removable connection in several applications like automotive assembly, construction, machinery, and electronics, for which a fastening solution must be reliable for maintaining the integrity and functionality of the components. The screw section has been able to dominate because of the extensive varieties of screws available, including machine screws, wood screws, self-tapping screws, and others, for various materials and specific applications. Screws are also appreciated for the strength of connections that they provide without requiring other supporting parts like nuts or washers, hence cost-effective and time-efficient. In addition, screws provide enormous flexibility in terms of removability, which is important for the maintenance and repairs in industries such as automotive and aerospace. Therefore, the screw segment is likely to continue leading the industrial fasteners market as the manufacturing process advances and new materials are developed.
By Application, Automotive segment accounted for the largest share in 2024
The automotive segment was the largest market share in the industrial fasteners market in 2024. The automotive industry is one of the largest consumers of industrial fasteners because it uses bolts, screws, nuts, washers, and rivets extensively in the manufacturing and assembly of vehicles. Fasteners play a very crucial role in making automobiles structurally sound, safe, and reliable by holding essential parts like engines, chassis, body frames, suspension systems, and interior fittings together. Increasing automobile demand, particularly in developing economies, has only added to the demand for industrial fasteners in this industry. Moreover, in the move to sustainable, high-tech automotive industry, such advanced fasteners play a huge role in this context, and being able to tolerate extreme operating temperatures and high resistance to corrosion become more imperative. Additionally, other innovations in vehicle design, including autonomy and connected vehicles, are more driving the demands for more advanced fastening technologies.
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Asia Pacific accounted for the largest share of the industrial fasteners Market in 2024
Asia Pacific accounted for the highest industrial fasteners market share in 2024 due to high rates of industrialization, urbanization, and increased demand in the automotive, construction, and manufacturing industries. China, India, and Japan are also prominent contributors, due to increased production in the automotive sector and major infrastructure projects. The growth of manufacturing hubs in the region, especially in emerging markets such as Vietnam and Indonesia, further boosts the need for fasteners in machinery and electronics. Government-backed projects, such as China's Belt and Road Initiative, also increase demand. With ongoing industrialization, Asia Pacific leads the way, which remains a prime region for fastener manufacturing growth.
Industrial Fasteners Manufacturers
The industrial fasteners Market comprises major players such as Illinois Tool Works Inc. (US), Stanley Black & Decker, Inc. (US), SFS AG (Switzerland), Lisi Group (France), Bulten AB (Sweden), Kowlner Rawlplug IP (Poland), FONTANA GRUPPO (Italy), Birmingham Fasteners and Supply Inc. (US), MW Industries (US), Hilti Group (Liechtenstein) and others are covered in the industrial fasteners market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the industrial fasteners Market.
Illinois Tool Works Inc. (US) is a global industrial manufacturer serving automotive, construction, food equipment, and electronics sectors. Operating across seven business segments, ITW supplies components and fasteners worldwide, with around 410 facilities in 51 countries.
Stanley Black & Decker, Inc. (US) is a major tools and industrial equipment company. Through its STANLEY® Engineered Fastening brand, it provides high-performance fastening solutions and operates in nearly 60 countries across major global regions.
SFS Group AG (Switzerland) is a leading supplier of precision components and fastening systems. Serving industries such as automotive, construction, electronics, and medical technology, SFS operates about 140 sites across 35 countries globally.
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➤ Key Benefits of the Report:
• Data-driven insights into trends, opportunities, and challenges from 2026 to 2029
• Forecasts of revenue by segment and region
• Competitive landscape benchmarking and market share analysis
• Regulatory and innovation trend impact assessments
• Strategy frameworks (Porter's Five Forces, SWOT, PESTEL)
• In-depth analysis of emerging growth strategies and disruptions
➤ Key Reasons to Buy:
• This report profiles key players in the Industrial Fasteners Market based on the following parameters - company details (found date, headquarters, manufacturing bases), product portfolio, sales data, market share and ranking.
•This market report illustrates key insights about market drivers, restraints, opportunities, market trends, and regional outlook.
•This report provides an in-depth analysis of the Industrial Fasteners Market, and provides market size (US$ Billion) and CAGR for the forecast period (2026-2029), considering 2024 as the base year.
•This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
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