Industrial Fasteners Market Share

APAC Market Insights

The Asia Pacific in the industrial fasteners market is projected to garner the highest share of 38.4% by the end of 2035. The market’s upliftment in the region is highly attributed to expansion in aerospace and automotive, infrastructure build-out, and is underpinned by large-scale manufacturing. According to an article published by the TNI Organization in August 2025, Singapore’s Green Plan 2030 is considered a wide-ranging strategy to gain net-zero emissions by the end of 2050, with 60% sourcing of electricity sourced from low-carbon sources by the end of 2035. Besides, the government’s Manufacturing 2030 plan has aimed to bolster sectoral valuation by 50%. In addition, the distinct resource model in China is effectively characterized by the downstream and midstream stages of the supply chain, especially in fabrication and refining, accounting for 50% of the market share, thereby proliferating the market’s growth.

China in the market is growing significantly due to policy-related industrial upgradation, upscaling of chemicals, construction, machinery, and automotive. As stated in an article published by the ITA in July 2024, the country’s State Council introduced an action plan for promoting large-scale equipment replacement and trading in customer goods, accounting for a 25% increase in capital investments across notable areas. These areas comprise healthcare, culture and tourism, education, transportation, construction, and industry, thereby representing an additional RMB 270 billion in capital investment in equipment in comparison to baseline growth expectations. Besides, the People’s Bank of China declared a RMB 500 billion (USD 69.1 billion) for supporting small and medium-sized technological organizations, thereby denoting an optimistic approach for the market’s growth.

India, in the industrial fasteners market, is also growing due to modernization in the chemical industry, industrial corridors, and acceleration in infrastructure. As stated in an article published by the Invest India Government in March 2025, the petrochemical and chemical industry caters to more than 9% of manufacturing gross value addition, along with 7% to overall exports. In addition, manufacturing more than 80,000 different options of chemical products, this particular sector is one of the most diversified industries in the country. Moreover, the chemical manufacturing center has estimated that the domestic chemical industry is poised to grow by 7% to 10% by the end of 2040. The country is projected to cater to 20% of the incremental international consumption of chemicals for the upcoming two decades, with domestic demand predicted to increase to USD 850 billion to USD 1,000 billion by the end of 2040.

Europe Market Insights

Europe in the industrial fasteners market is expected to emerge as the fastest-growing region during the forecast timeline. The market’s development in the region is highly propelled by the support provision from innovative manufacturing, aerospace programs, strict quality standards, and automotive electrification that highly favor corrosion-resistant and high-performance fasteners. According to an article published by Results in Engineering in September 2023, 60% of the advanced technology patent share lies within discrete manufacturing in the region, along with 30% of its share within machinery, and the regional electronics industry caters to almost 15% share. Based on this, Germany is poised to account for the highest share of patents with an investment of over €2,250 million in terms of advanced technology, and all of these factors are suitable for increasing the market’s demand in the overall region.

Germany in the market is gaining increased exposure due to its leadership in advanced manufacturing, extended chemical processing infrastructure, and dominating machinery and automotive sectors. As stated in an article published by the ITA in August 2025, the advanced manufacturing valuation was USD 955 billion as of 2022, which increased to more than USD 1 trillion in 2023, followed by USD 991 billion in 2024. Besides, the 2024 U.S. Advanced Manufacturing exports to the country amounted to USD 37 billion, and meanwhile, the valuation of U.S. exports to the country was estimated to be USD 43 billion. Furthermore, the country’s overall imports are lower than exports, amounting to USD 722 billion as of 2024. Therefore, with an increase in the ongoing export and import facilities, there is a huge growth opportunity for the market in the country.

Advanced Manufacturing sector in Germany (2022-2024)

Source: ITA

France in the market is also developing, owing to the presence of robust policy support for circular economy and sustainability, automotive electrification, and aerospace modernization. As per a report published by the ETUI Organization in 2022, the plug-in and electric hybrid vehicles readily exceeded 10% of the market share, with the presence of 333 electrified models as of 2025. Besides, regional standards on carbon dioxide emissions have been the ultimate driving force behind the transition to electrified models. For instance, by significantly setting an average emissions ceiling of 95g CO2/km, there has been the aspect of enabling a 40% reduction in emissions. Additionally, from the regional viewpoint, there has been a rise in the overall 2030 objective of diminishing greenhouse gas emissions for cars to an estimated 55%, thus enhancing the market’s exposure.

North America Market Insights

North America in the industrial fasteners market is projected to witness considerable growth by the end of the stipulated period. The market’s growth in the region is highly driven by the resilient demand from industrial machinery, construction, aerospace, and automotive, along with MRO standardization and PEM consolidation. Besides, according to an article published by the EIA Government in August 2024, there has been an increase in battery electric vehicles, hybrid vehicles, and plug-in electric vehicles in the U.S. by 17.8% to 18.7% as of 2024. Additionally, a slight surge in hybrid and electric market share has been fueled by hybrid electric vehicle sales, increasing by 30.7% year-over-year (YoY). Moreover, luxury electric vehicles also continued to sell, accounting for 32.8% as of 2024, thereby denoting a huge growth opportunity for the market in the overall region.

The industrial fasteners market in the U.S. is gaining increased traction due to the existence of chemical process and plants industries, an increase in governmental spending, and the presence of EPA regulatory oversight, along with policy frameworks. As per an article published by the USA Facts Organization in 2025, the Chemical Safety and Hazard Investigation Board (CSB) provided USD 13.1 million in 2024, denoting 0.1% of the overall federal spending. In addition, this also catered to 0.00019% of the USD 6.7 trillion in total federal expenditure, which is also positively impacting the market’s growth in the country. Moreover, the Board’s spending has surged by 70.9%, with the overall spending increased by 111.6%. Therefore, this particular federal budget caters to maintaining self-sufficiency and sustainability, as well as natural and environmental resources, thus suitable for bolstering the market in the country.

The market in Canada is also growing, owing to infrastructure investment, clean and energy technology, aerospace and automotive supply chains, along with safety and sustainability regulations. As stated in an article published by the Government of Canada in September 2025, the country’s government committed more than USD 180 billion over 12 years through the Investing in Canada Plan. This funding opportunity is readily suitable for community services to natural spaces, broadband networks to energy systems, and public transit to trading ports. Additionally, this particular plan has also invested more than USD 168 billion across over 100,000 projects, and 93% are either underway or completed. Therefore, with the participation of the domestic government by offering generous funds, the market is poised to grow increasingly in the overall nation.