Increased demand from the automotive and aviation MRO sector likely to propel demand for fasteners

The global industrial fasteners market is expected to reach USD 137.79 billion by 2026, according to a new report by Reports and Data. Increasing demand in the production, packaging and agriculture industry is expected to drive the industrial fasteners industry forward in the forecast period. Increased government spending in the residential, industrial and commercial construction sector especially in the Asia pacific, African and Mexican region gives huge opportunities to industrial fasteners market. They are widely used in the construction market for subflooring, metal roofs, decking and steel applications. Modern day agricultural industry uses a number of machines such as disc rotary mowers, loading trailers, force combine, gathering machine for corn, mixing trailer, manure spreader, balers for preparation of the soil, fertilization and maintenance, harvest, mowing, ensiling and feed preparation all of them using fasteners in their machinery. Due to changing weather condition and to support increased agricultural demand due to increasing population the demand for these machines will rise giving a push to the industrial fastener market.

The report sheds lights on the opportunities and challenges that are expected to emerge in the forecast years. The research report further discusses the risks and limitations the established market players are anticipated to face over the forecast period. The global Industrial Fasteners market research report is an exhaustive study of the business sphere and analyzes the vital aspects of the industry and provides insightful information about the revenue generation, market landscape, market share, product portfolio, market size, and other key segments.

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Furthermore, the report discusses the business strategies undertaken by the companies to gain the market share and a larger consumer base. It further provides details on the strategic initiatives taken by top companies such as mergers and acquisitions, joint ventures, collaborations, product launches, partnerships & agreements, recent deals, government deals, and advancements in technologies and products.

Further key findings from the report suggest

North America accounted for significant share valuing at 24.95 Billion in 2026 growing at a CAGR of 4.0%. Rapid urbanization and rising disposable income lead to the construction of costly sites such as skyscrapers which, in turn fuel the market growth significantly

Malaysia’s construction spending was valued at USD 33 billion in 2012 and is expected to grow at a CAGR of 4.2% from 2012 to 2025. Malaysia’s construction industry is expected to witness a swift rise owing to increasing infrastructure projects and introduction of mass affordable housing schemes. These projects in turn are expected to fuel commercial and residential construction projects over the forecast period.

Rising investment in defense sector coupled with need for development of defense aircrafts in emerging countries such as South Korea, China, India and South Africa will drive the usage of fasteners

8 Billion units of Anchor bolts were produced in 2018. They are used to attach objects to concrete. They all have a threaded finish where a nut and washer can be connected for the external load. They are used from Nuclear power plants to standard buildings

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Key companies profiled in the report:

Arconic Inc., Precision Castparts Corporation, Illinois Tool Works Incorporated (ITW), Acument Global Technologies, ATF Inc., Dokka Fasteners Inc., LISI Group - Link Solutions for Industry, Nippon Industrial Fasteners Company (Nifco), Stanley Black & Decker, Inc. and Penn Engineering

The report further segments the global Industrial Fasteners market into key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also offers a country-wise analysis to provide deeper insights into geographical spread of the market, technological advancement, and economic growth in each region.

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Product (Revenue, USD Million; 2016-2026)

Externally threaded fasteners

Aerospace grade fasteners

Other standard fasteners

Application Outlook (Revenue, USD Million; 2016-2026)

Automotive OEM

Machinery OEM

Others OEM

MRO

Construction

Bolt and Screw Type Outlook (Revenue, USD Million; 2016-2026)

Anchor Bolts

Carriage Bolts

Flange Bolts

Hex Head Bolts

Hex Tap Bolts

Lag Bolts

Machine Bolts

Deck Screws

Hex Lag Screws

Self-Drilling Screws

Sheet Metal Screws

Wood Screws

Others

Bolt Size Outlook (Revenue, USD Million; 2016-2026)

Less than 1/4"

1/4"- 3/4"

3/4"-1”

More than 1”

Finishes Outlook (Revenue, USD Million; 2016-2026)

Zinc

Zinc Dichromate

Cadmium Dichromate

Cadmium

Phosphate, Black Phosphate

Chrome

Nickel

Carbon & Stainless Steel

Others

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