Industrial Fasteners Market Analysis

Material Segment Analysis

The metal sub-segment, which is part of the material segment, is projected to hold the largest share of 72.4% in the industrial fasteners market by the end of 2035. The sub-segment’s upliftment is highly attributed to its importance in its unmatched strength, versatility, and durability, along with enabling load-bearing and secured connections for critical structures, devices, and machinery. According to an article published by the PIB Government in October 2024, there has been an expansion in the steel output at an outstanding 6% compound yearly growth rate, which has successfully outpaced China’s 1% steel production. Besides, globally, there has been an increase in steel capacity by almost 62 million tons, with India effectively accounting for 6% of the growth. In addition, India and ASEAN are predicted to cater to nearly 89% of steelmaking additions in Asia, thereby proliferating the sub-segment’s growth.

Raw Material Segment Analysis

By the end of the forecast period, the steel segment, part of raw material, is expected to account for the second-largest share in the industrial fasteners market. The segment’s growth is highly driven by the aspect of remaining as the backbone of the market, accounting for the largest share of raw materials used globally. Its dominance stems from high tensile strength, durability, and cost-effectiveness, making it indispensable across automotive, construction, aerospace, and heavy machinery applications. Stainless steel fasteners, in particular, are favored for their corrosion resistance in chemical plants, marine environments, and infrastructure projects. The versatility of steel allows manufacturers to produce a wide range of externally threaded fasteners, such as bolts and screws, and internally threaded fasteners, including nuts that meet strict ISO and ASTM standards.

Sales Channel Segment Analysis

Based on the sales channel, the OEM/direct to manufacturers segment in the market is predicted to cater to the third-largest share during the stipulated timeline. The segment’s development is extremely propelled by the critical role fasteners play in assembly lines across automotive, aerospace, construction, and industrial machinery sectors. OEMs demand high volumes of standardized and customized fasteners, ensuring consistent quality, traceability, and compliance with safety regulations. Direct sales relationships allow manufacturers to integrate deeply into OEM supply chains, offering vendor-managed inventory, just-in-time delivery, and co-development of fastening solutions tailored to specific platforms, thereby making it suitable for the segment’s upliftment.

Our in-depth analysis of the market includes the following segments: