Industrial Fasteners Market Set for Robust Expansion, Projected to Reach USD 131.45 Billion by 2030

The global industrial fasteners market is on a steady growth trajectory, expected to reach USD 99.63 billion in 2024 and expand at a CAGR of 4.8% from 2025 to 2030, reaching USD 131.45 billion. This growth is fueled by accelerating urbanization, surging infrastructure investments, and rising demand across key end-use industries, including automotive, aerospace, and construction.

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Material Insights

Metal fasteners dominate the market, capturing 91.1% of revenue in 2024, owing to the superior mechanical properties of materials like stainless steel, titanium, and superalloys. However, plastic fasteners are projected to grow at the fastest CAGR of 5.6% through 2030, bolstered by their increasing use in automotive applications.

Product and Type Insights

Externally threaded fasteners, including bolts and screws, led the market with a 48% revenue share in 2024. Bolts, in particular, are highly favored for their strength and adaptability across structural and mechanical uses.

The demand for aerospace-grade fasteners is projected to rise sharply, driven by elevated standards for performance, precision, and material quality in high-tech applications. Meanwhile, internally threaded fasteners are evolving with innovations to improve vibration resistance and performance under stress.

Application Insights

The automotive sector remains the top consumer of industrial fasteners, driven by large-scale vehicle production, especially in the Asia Pacific region. These components are vital in everything from engine assembly to interior and exterior fittings.

The building and construction sector is also witnessing strong growth, spurred by increased commercial development and infrastructure upgrades. Additionally, industries such as food processing, textiles, and chemicals are propelling demand for industrial machinery—and by extension, industrial fasteners.

Market Drivers and Trends

The expanding global population and significant infrastructure development—particularly in emerging economies—continue to underpin demand for industrial fasteners. These components are critical in diverse sectors ranging from automotive assembly to large-scale construction, where regulatory standards enforce stringent quality and performance benchmarks.

In the U.S., strong demand for customized fasteners in aerospace and automotive manufacturing is reshaping the market, as industries shift towards lightweight and high-performance components. Additionally, technological advancements are giving rise to hybrid fasteners—combinations of plastic and metal—that offer versatility and durability, making them ideal for modern industrial applications.

However, rising metal prices and growing adoption of alternatives such as adhesives and tapes present challenges for traditional metal fastener manufacturers. Meanwhile, plastic fasteners are gaining momentum due to their lightweight nature, corrosion resistance, and cost-efficiency.