Industrial Fasteners Market worth $104.12 billion by 2029, at a CAGR of 3.5%, says MarketsandMarkets™
Delray Beach, FL, April 01, 2025 (GLOBE NEWSWIRE) -- The Industrial Fasteners Market is approximated to be USD 90.57 billion in 2025, and it is projected to reach USD 104.12 billion by 2029 at a CAGR of 3.5%, as per the recent study by MarketsandMarkets™. Industrial fasteners are some of the irreplaceable parts used as followers to secure materials in the manufacturing, construction, and engineering world. Fasteners such as bolts, screws, nuts, and rivets are made with strength and durability in mind, hence possessing strength properties of stainless steel and alloys. They endure mechanical and environmental stress. Stability of machinery, buildings, and vehicles is determined by how well fasteners provide service to these machines.
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Browse in-depth TOC on "Industrial Fasteners Market"
330 - Market Data Tables 62, Figures 327 - Pages
List of Key Players in Industrial Fasteners Market:
Illinois Tool Works Inc. (US)
Stanley Black & Decker, Inc. (US)
SFS AG (Switzerland)
Lisi Group (France)
Bilten AB (Sweden)
Kowlner Rawlplug IP (Poland)
FONTANA GRUPPO (Italy)
Birmingham Fasteners and Supply Inc. (US)
MW Industries (US)
Hilti Group (Liechtenstein)
Drivers, Opportunities and Challenges in Industrial Fasteners Market:
Drivers: Increasing Demand for Fasteners from Automotive Sector
Restraint: Fluctuating Raw Material Prices
Opportunity: Rapid Urbanization in Africa and Asia
Challenge: Counterfeiting and Quality Issues
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Key Findings of the Study:
By Type, screws segment accounted for the largest market share in 2024
By Application, Automotive segment accounted for the largest share in 2024
Asia Pacific accounted for the largest share of the industrial fasteners Market in 2024
The industrial fasteners market is segmented by raw materials, which includes metal, and plastic. Metal fasteners, which comprise stainless steel, carbon steel, and aluminum, are used in most applications because of high tensile strength and extreme conditions resistance. They are used extensively in construction, automotive and heavy machinery industries. On the other hand, plastic fasteners which are materials like nylon and polypropylene, serve more for applications where weight is major, corrosion resistance is required, or some type of electrical insulation or ...
https://www.benzinga.com/pressreleases/25/04/g44582289/industrial-fasteners-market-worth-104-12-billion-by-2029-at-a-cagr-of-3-5-says-marketsandmarkets