Global Fastener
Market Report
2025
The global Fastener market size will be USD 96142.5 million in 2024. Rising expenditures on infrastructure initiatives is expected to boost sales to USD 137096.2544 million by 2031, with a Compound Annual Growth Rate (CAGR) of 5.20% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the Global Fastener Market was valued at USD 74,302.76 Million in 2021 and is expected to reach USD 1,32,379.70 Million by the end of 2033, growing at a CAGR of 4.28% between 2025 to 2033.
2021 | 2025 | 2033 | CAGR | |
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Global Fastener Market Sales Revenue | 121212 | 121212 | 121212 | 5.2% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Product Outlook: |
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Market Split by Sales Channel Outlook: |
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Market Split by End-use Industry Outlook: |
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Market Split by Material Outlook: |
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Market Split by Coating Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:Market Drivers:
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Market Restrains:Market Restraint:The Price Volatility of Raw Materials is One of the Significant Constraints for the Fastener Market The price volatility of raw materials is a major challenge for the fastener market, impacting production costs and profitability. Fasteners are primarily made from materials like steel, aluminum, copper, and plastics, all of which are susceptible to price fluctuations. For example, steel is a key raw material for many fasteners and is heavily influenced by global production levels, trade tariffs, and natural disasters. In 2020, when steel prices surged due to supply chain disruptions from the COVID-19 pandemic and trade tensions between the U.S. and China, many fastener manufacturers faced higher production costs. Smaller manufacturers, in particular, struggled to absorb these cost increases and maintain competitive pricing. Similarly, aluminum, widely used for lightweight fasteners, is highly sensitive to changes in energy prices, as its production is energy-intensive. When energy prices rise, as seen during the 2017 surge in oil prices, aluminum production costs increase, directly impacting the price of aluminum-based fasteners. Additionally, the prices of copper and plastics used in specialized fasteners also experience significant fluctuations. Copper, which is essential for electrical fasteners, saw a sharp increase in 2021, driven by rising demand in the electrical and construction industries, alongside supply chain disruptions. On the other hand, the cost of plastic fasteners, which are often made from materials like nylon and polypropylene, is influenced by fluctuations in crude oil prices. For example, when crude oil prices increased in 2022, the price of plastic resins surged, raising production costs for plastic fasteners. These raw material price swings create an unpredictable operating environment for fastener manufacturers, making it difficult to control production costs and maintain stable pricing. As global supply chains become more complex and geopolitical issues, like trade restrictions or natural disasters, continue to influence raw material availability, manufacturers will face ongoing challenges in managing price volatility. | |
Market Trends:
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Fastener Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Hardware components known as fasteners are made to secure or unite two or more parts. They are found in many different forms, such as anchors, rivets, washers, nuts, bolts, and screws. The type of connection and the needs of the application will determine whether the fasteners are permanent or temporary. Factors including the materials being bonded, the load-bearing requirements, and the surrounding environment all influence the choice of fastener. The market for fasteners is expanding due to a number of important factors. A major factor is the growing demand from the aerospace and automobile sectors, where fasteners are necessary for component assembly. The need for fasteners in infrastructure development has increased because of the rapid industrialization and urbanization that have increased construction activities. Innovations in technology, such as the creation of strong and lightweight fasteners, are satisfying the changing needs of end-use sectors. Additionally, the growing popularity of electric vehicles (EVs) has increased demand for speciality fasteners. The industry is also expanding as a result of the increase in the renewable energy sector, specifically in wind and solar energy installations.
For instance, in March 2022, Birmingham Fastener announced that it had acquired K-T Bolt Manufacturing, Inc. with the goal of expanding its product line and improving its production capacity. With its headquarters located in Katy, Texas, K-T Bolt Manufacturing specializes in closed-die forging, electropolishing, in-house heat treating, and bespoke fabrication. (Source: https://www.torque-expo.com/article/birmingham-fastener-reveals-k-t-bolt-acquisition )
The automotive industry is a primary driver of growth in the global fasteners market, as fasteners are essential for vehicle manufacturing. These components secure critical parts such as engines, chassis, and body panels, ensuring the functionality, safety, and durability of automobiles. As global vehicle production rises, especially in emerging markets like India and China, the demand for fasteners continues to grow. For instance, over 70,000 fasteners are used in a single vehicle assembly, highlighting the significant volume required. The rise of electric and hybrid vehicles is also impacting the market. Manufacturers of electric vehicles (EVs) such as Tesla and Nissan use lightweight materials like aluminum and high-strength steel to improve energy efficiency and battery performance, which necessitate specialized fasteners. These fasteners must meet strict performance standards for corrosion resistance and durability, especially as electric powertrains and battery systems are increasingly integrated into vehicles.
In addition to EVs, the push for lighter vehicles to improve fuel efficiency and reduce emissions further drives the fastener market. Automakers such as BMW and Audi are incorporating materials like carbon fiber and composites in their vehicle designs to meet environmental standards and reduce fuel consumption. These lightweight materials require advanced fasteners capable of maintaining structural integrity without adding weight. For example, the use of carbon fiber in BMW's i-Series electric vehicles, where fasteners must accommodate the unique properties of the material. Furthermore, the automotive aftermarket sector is a consistent source of fastener demand. As vehicles age, replacement parts and repairs are necessary, ensuring a continuous need for fasteners. With the rising trend of vehicle customization, particularly in performance upgrades for cars like those in motorsport, specialized fasteners are increasingly used. This ongoing demand from both OEMs and the aftermarket keeps the fastener market growing in line with automotive industry innovations.
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The fastener market is characterized by a diverse range of competitors vying for market supremacy. Due to the growing demand from the automotive, aerospace, and construction industries, several major manufacturers have created new fasteners that are both lightweight and extremely strong. With their distinctive products, a number of other producers are also actively participating in the market. Companies are constantly trying to obtain an advantage through technical advancements, customer-focused features, and diversifying their product lines because the competition is so intense. The industry is expected to see even more fierce competition among these firms as long as consumer demand for fasteners keeps rising.
May 2024: Las Vegas, Nevada-based Vegas Fastener Manufacturing LLC has partnered with Charlotte, North Carolina-based IperionX Limited. Through this partnership, precision parts and titanium alloy fasteners created especially for the US Army's Ground Vehicle Systems Center (GVSC) will be developed and produced. The GVSC is the main research and development facility for the US military, with a focus on cutting-edge ground systems technologies.
(Source: https://www.pm-review.com/iperionx-and-vegas-fastener-partner-to-produce-titanium-fasteners-for-us-army/ )
March 2024: ZAGO Manufacturing Co., a producer of switch boots and advanced sealing fasteners, has opened two new websites aimed at the German and Italian markets. For clients who would rather communicate with ZAGO in their native tongues, the company hopes to improve accessibility and engagement by developing specialized websites in German and Italian.
(Source: https://www.prnewswire.com/news-releases/zago-manufacturing-co-launches-german-and-italian-websites-302080338.html )
July 2023: Connective Systems & Supply, Inc. (CSS) was acquired by Triangle Fastener Corporation (TFC). The CSS division that specialized in fasteners for mechanical, roofing, and metal building contractors was the specific aim of this transaction.
(Source: https://roofingmagazine.com/triangle-fastener-corporation-acquires-a-portion-of-connective-systems-supply-inc/ )
April 2022: Fasteners and Fittings, Inc. (F&F), with its headquarters located in Toronto, was successfully acquired by LindFast Solutions Group (LSG), a well-known distributor of specialty fasteners in North America. F&F is well known for controlling the market for stainless steel fasteners, metric fasteners, and imperial fasteners.
(Source: https://www.designworldonline.com/lindfast-acquires-fasteners-and-fittings/ )
Top Companies Market Share in Fastener Industry: (In no particular order of Rank)
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According to Cognitive Market Research, the Asia-Pacific (APAC) holds a significant market share of 71.41% and is expanding at a strong CAGR of 6.60% from 2025 to 2033. This dominance is driven by manufacturing powerhouses such as China, India, Japan, and South Korea, where high demand from key sectors like automotive, electronics, construction, and industrial machinery fuels fastener consumption. China remains the world’s largest producer and exporter of fasteners, supported by its vast manufacturing infrastructure and a robust automotive industry. India’s rapid urbanization and infrastructure development have led to a surge in demand for construction-related fasteners, while Japan and South Korea contribute heavily to the market through their advanced automotive and electronics industries, which require high-precision, high-performance fastening solutions. The growing global shift toward electric vehicles (EVs) further accelerates demand for lightweight and durable fasteners across the region. As infrastructure investment and industrial activity continue to grow, APAC is expected to retain its leadership position in the global fastener market.
The current report Scope analyzes Fastener Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Fastener market size was estimated at USD 96142.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 38457.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
According to Cognitive Market Research, the global Fastener market size was estimated at USD 96142.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 28842.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
According to Cognitive Market Research, the global Fastener market size was estimated at USD 96142.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 22112.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
According to Cognitive Market Research, the global Fastener market size was estimated at USD 96142.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 4807.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
According to Cognitive Market Research, the global Fastener market size was estimated at USD 96142.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1922.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031..
Global Fastener Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Fastener Industry growth. Fastener market has been segmented with the help of its Product Outlook:, Sales Channel Outlook: End-use Industry Outlook:, and others. Fastener market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Fastener Market?
According to Cognitive Market Research, Based on product type, the threaded fasteners segment held the largest market share of 52.63% in 2024. These fasteners, including bolts, screws, and nuts, feature helical threads that allow them to be securely screwed into components, offering strong, precise, and reusable connections. Threaded fasteners are favored across diverse industries such as automotive, aerospace, machinery, and construction due to their high tensile strength and versatility. Their adaptability for both permanent and temporary joints, ease of installation and removal, and compatibility with a wide range of materials—such as steel, aluminum, and plastic—make them essential for applications requiring durability, stability, and the flexibility to perform maintenance or adjustments over time.
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According to Cognitive Market Research, Based on distribution channel, the direct sales segment led the market with a 60.74% share in 2024. Direct sales involve fastener manufacturers selling directly to end-users, such as large industrial clients, which allows for personalized service, better customer relationships, and tailored solutions for specific applications. This channel eliminates intermediary costs, offers pricing flexibility for bulk orders, and ensures precise fulfillment of technical requirements—especially important in sectors like aerospace, defense, and energy where quality and compliance are critical. Direct engagement enables manufacturers to quickly respond to market demands, provide after-sales support, and enhance customer loyalty by delivering consistent service and customized product offerings for complex industrial needs.
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According to Cognitive Market Research, Based on the end-use industry, the Automotive & Transportation segment accounted for a 29.80% market share in 2024, making it the leading consumer of fasteners globally. This sector relies heavily on fasteners for assembling critical vehicle components such as engines, chassis, interiors, and safety systems. The continued growth in vehicle production, especially in emerging economies, fuels consistent demand for high-performance and durable fastening solutions. Moreover, the rise of electric vehicles (EVs) and autonomous technologies has introduced the need for lightweight, corrosion-resistant fasteners compatible with new materials like aluminum and composites. Beyond automobiles, the broader transportation sector—including rail, marine, and aerospace—also depends on fasteners that meet rigorous safety and strength standards to withstand harsh operating conditions. As the global push for sustainable transportation intensifies, the demand for advanced, high-precision fasteners tailored for EVs and modern infrastructure will continue to drive innovation and growth in this segment.
According to Cognitive Market Research, Based on material, metal fasteners dominated the market with a share of 91.68% in 2024, owing to their exceptional strength, durability, and resistance to environmental stress. Metals like steel, aluminum, titanium, brass, copper, and nickel are widely used across industries due to their unique physical properties. Steel, particularly in its stainless form, is extensively used in automotive, construction, and heavy machinery due to its strength and corrosion resistance. Aluminum fasteners are chosen in aerospace and automotive for their light weight and resistance to oxidation, while titanium fasteners are used in high-performance applications like aerospace and marine due to their superior strength-to-weight ratio. Brass and copper are valued in electrical and plumbing for their conductivity and corrosion resistance, and nickel fasteners serve well in extreme environments like power plants due to their high-temperature stability.
According to Cognitive Market Research, Based on coating type, the coated fasteners segment accounted for a 68.67% market share in 2024, driven by the growing need for enhanced durability and protection in harsh environments. Coated fasteners are treated with protective layers such as zinc, chrome, or powder coatings, using techniques like electroplating or spraying to increase corrosion resistance and extend service life. Zinc-plated fasteners are widely used in automotive applications to resist rust from moisture and road salts, while chrome-coated fasteners combine durability with aesthetic appeal in consumer goods and appliances. Powder-coated fasteners, known for their strong, weather-resistant finish, are commonly used in construction and outdoor settings. The coating not only boosts the lifespan of the fastener but also ensures reliability in industries where exposure to chemicals, moisture, or extreme temperatures is common.
Research Associate at Cognitive Market Research
I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.
I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.
Conclusion
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Outlook: | Threaded Fasteners, Non-Threaded Fasteners, Others |
Sales Channel Outlook: | Direct Sales, Distributors & Wholesalers, Retail & Online Sales, Others |
End-use Industry Outlook: | Automotive & Transportation, Aerospace, Building & Construction, Machinery & Equipment, Consumer Goods & Electronics, Energy & Utilities, Oil & Gas, Mining, Others |
Material Outlook: | Metal Fasteners, Plastic Fasteners, Others |
Coating Type | Coated Fasteners, Uncoated Fasteners |
List of Competitors | Illinois Tool Works Inc., Arconic Corporation, LISI GROUP, Nifco Inc, Stanley Black & Decker Inc, Nitto Seiko Co. Ltd., PennEngineering, Trifast plc, Sundram Fasteners Limited, Adolf Würth GmbH & Co. KG, Bullten AB, Bossard Group, Others |
This chapter will help you gain GLOBAL Market Analysis of Fastener. Further deep in this chapter, you will be able to review Global Fastener Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Fastener. Further deep in this chapter, you will be able to review North America Fastener Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Fastener. Further deep in this chapter, you will be able to review Europe Fastener Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Fastener. Further deep in this chapter, you will be able to review Asia Pacific Fastener Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Fastener. Further deep in this chapter, you will be able to review South America Fastener Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Fastener. Further deep in this chapter, you will be able to review Middle East Fastener Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Fastener. Further deep in this chapter, you will be able to review Middle East Fastener Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Fastener. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Outlook: Analysis 2019 -2031, will provide market size split by Product Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by Sales Channel Outlook: Analysis 2021 - 2033
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Chapter 12 Market Split by End-use Industry Outlook: Analysis 2021 - 2033
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Chapter 13 Market Split by Material Outlook: Analysis 2021 - 2033
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Chapter 14 Market Split by Coating Type Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Fastener market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 16 Research Methodology and Sources
Why Threaded Fasteners have a significant impact on Fastener market? |
What are the key factors affecting the Threaded Fasteners and Non-Threaded Fasteners of Fastener Market? |
What is the CAGR/Growth Rate of Direct Sales during the forecast period? |
By type, which segment accounted for largest share of the global Fastener Market? |
Which region is expected to dominate the global Fastener Market within the forecast period? |
Segmentation Level Customization |
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Country level Data Customization |
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Company Level |
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Additional Qualitative Data |
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Service Level Customization |
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Report Format Alteration |
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