Industrial Fasteners Market Share

  • Report ID: 4430
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Industrial Fasteners Market Share

APAC Market Forecast

In the Asia Pacific industrial fasteners market is projected to hold the largest revenue share of 38% by the end of 2037. The presence of a strong manufacturing network in the region, increased production of industrial fasteners as well as an increasing export of these fasteners has contributed to this growth in the region. Moreover, from January to September 2021, China exported 3.5 million tonnes of fasteners, up by 19.5% compared with the same period last year. The expansion of industries such as automobiles, industry machinery, electronics, and building is projected to increase the demand for fasteners in a variety of applications based on emerging trends in the Asia Pacific region's economy.

North American Market Statistics

The North America region is projected to hold a 25% of the global industrial fasteners market share during the forecast period. One of the main factors for market growth in North America is considered to be its high rate of industrial fasteners consumption, given that this region has an extensive manufacturing base. In addition, the use of automobile fasteners is expected to have a positive impact on industrial fasteners sales over the next few years due to increased demand for electric vehicles, and trucks in the United States.

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Author Credits:  Shweta Patidar


  • Report ID: 4430
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of industrial fasteners is assessed at USD 99.61 billion.

The industrial fasteners market size was over USD 96.15 billion in 2024 and is projected to reach USD 168.69 billion by the end of 2037, growing at around 4.6% CAGR during the forecast period i.e., between 2025-2037. Increasing industrial production as well as rising demand for industrial fasteners in various industries such as automobiles, chemical processing, and other will propel the market growth.

Asia Pacific industry is anticipated to hold the largest revenue share of 38% by 2037, backed by presence of a strong manufacturing network in the region.

The major players in the market include Birmingham Fastener & Supply Company, Inc., Hilti AG, Acumen Global Technologies, Inc., Nifco UK Limited, Arconic Corporation, ATF Inc., Sesco Industries, Inc., Rockford Fastener, Inc., Elgin Fastener Group, Decker Industries corporation.
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