Industrial fasteners market
Fasteners are used to join together separate parts of an item by; spot welding, soldering, nuts and bolts, washers, screws, clips, clamps and so on. The global industrial fasteners market was valued at USD 84.9 billion in 2016, and is expected to reach USD 116.5 billion in 2022, growing at a CAGR of 5.4 %.
The global industrial fastener market is primarily driven by increasing demand from end-user industries such as automotive, aerospace and construction. Strong recovery in construction and the automotive segment is sustaining growth in the developed countries. In addition, rising demand for high-value titanium fasteners in aerospace applications and lightweight plastic fasteners in the automotive industry is expected to drive demand in near future. However, the threat of substitution by alternative joining technologies such as adhesives is expected to negatively impact on growth.
In 2016, the automotive segment dominated industrial fasteners market. Standard, externally threaded fasteners accounted for half of industrial fastener sales in 2016 and are expected to see the largest revenue gains through to 2022. This product segment growth is fuelled by continued strength in motor vehicle production.
Geographically, Asia-Pacific was the largest market for industrial fasteners in 2016, accounting for more than 30% of total revenue. The growth in the region is mainly attributed to demand from automotive, aerospace and defense, shipbuilding, and railways. North America and Europe are expected to have reasonable growth in near future. Latin America, Middle East, and Africa are projected to see moderate growth due to rising demand form construction and the automotive industry.
The global industrial fasteners market is highly fragmented. The top four industrial fasteners producers accounted for around 45% of the global market revenue in 2016. Precision Castparts Corporation, Stanley Black & Decker Inc., Wilhelm Bollhoff GmbH & Co. KG and Nitto Seiko Co., Ltd. are recognised as the top industrial fasteners producers. Other prominent vendors in the market are Standard Fasteners Ltd., Acument Global Technologies, Kova Fasteners Pvt. Ltd., Nifco, LISI Group, ITW, Alcoa, ATF Inc. and MW Industries Inc.
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
We're expanding our collaborative mission by launching DB Intelligence, an exclusive market research advisory panel. Built environment professionals can now get paid to share their expertise on industry trends, products and services.
Panel members receive direct financial incentives for participating in research projects like short surveys, 1-2-1 interviews and focus groups. Register today to shape the future of the construction sector.
Social media ban consultation comes to close
CIOB urges UK Government to consider social media’s role in careers guidance in ban debate.
The latest of eight Skills England apprenticeship units
The addition of battery manufacturing welcomed by ECA with a warning about the risks of fast-tracked apprenticeship units.
Building Control Independent Panel final report
A precis of a key report led by Dame Hackitt with full recommendations and link to the government response.
Guide to ISO 19650 for Architecture Firms (2026)
A user gives their low down.
A UK training and membership provider for mould remediation professionals.
Building Safety recap April, 2026
A short and longer run-through of the month, with links to further information and sources.
CIAT May 2026 briefing.
Independent NSI and BAFE study exploring how organisations are changing the way they buy fire safety services.
From medieval scribes to modern word art.
ECA welcomes crackdown on late payment and push for clean energy, whilst CIOB seek fixed cladding removal timeframes.
Cyber Security in the Built Environment
Protecting projects, data, and digital assets: A CIOB Academy TIS.
Managing competence in the built environment
ITFG publishes new industry guide on how to meet the ICC principles.
The UK's campaign to reduce noise pollution: Mythbusting, articles and topic guides.