Global Industrial Fasteners Market Size Analysis, 2019-2028

REPORT ID: BKR1011Domain: Chemicals and MaterialsPublished Date: February 2019
Pages: 271Format: PDF

Global Industrial Fasteners market size is estimated to be valued over USD 73.1 billion in 2019 and will register a CAGR of 3.2% to create high revenue opportunity for industry players during the forecast period.

Screws, nuts, chips, bolts and washers are few commonly used industrial fasteners. They provide quality reliable products by connecting two parts together. They are used across various sectors ranging from automotive and consumer electronics to construction and mining. The industry is highly fragmented. Competition has increased and as a result, industrial fasteners market has shifted towards volume based trading. Emergence of China based players has further impacted the net profitability. As such, companies are focusing on design innovation and pricing strategy to expand business footprint. Research spending has also increased in the sector due to emergence of technically advanced end-use products – requiring special fasteners to meet the needs. This is due to this that companies are allocating higher amount towards R&D. Emergence of specialty products will led to market consolidation, which in turn, will help established players to generate high ROI.

Global Industrial Fasteners Market Size and Forecast: By Application

Automotive sector accounted for highest end-use market for industrial manufacturers. Over 31% of net sales was made to automotive sector, followed by construction and industrial machinery. Automotive industry is witnessing a significant change in business outlook owing to emergence of IoT enabled vehicles and rise in demand for electric mobility. These vehicles have different proposition compared to conventional vehicles are require higher degree of superior quality and lightweight design. This in turn will implicate sales of industrial fasteners. There will be whole new opportunity for players owing to emergence of electric vehicles. While at the same time, companies need to innovate in product design and technology to meet end-user requirements.

Construction industry is next major end-use market for industrial fasteners supplier. Global construction market is projected to reach USD 7.5 Trillion by 2028. The growth will be primarily driven by China, U.S. and India. In fact, U.S. and India will be registering faster growth compared than that in China. This will help industrial fasteners player to not only find opportunity in developing regions but also developed economies.

Global Industrial Fasteners Market Size and Forecast: By Type

By type, metal based industrial fasteners accounted for largest share. In 2018, metal fasteners accounted for 92% of global share. They have high mechanical strength and are highly durable. On the other hand, plastic fasteners is registering fastest growth due to its lightweight nature. Carbon fiber reinforced plastics is gaining higher prominence in automotive industry to enable lean structures. Overall, plastic fasteners are light weight, corrosion resistant and low cost. As such, its usage is increasing across range of industries.

Global Industrial Fasteners Market Size and Forecast: Regional Analysis

Globally, Asia Pacific industrial fasteners market is estimated to be valued over USD 27.5 billion in 2019. China, India and Japan accounted for highest share in the region. There are many small scale and midsize enterprises operational in China. These players operate through contractual basis. Increased investment in industrial manufacturing and robotics will further boost the demand for industrial fasteners. Also, China is the largest electric mobility market globally. Majority of electric cars, buses and scooters are manufactured in China. This offers higher market opportunity for not only leading fastener players but also midsize enterprises to capitalize revenue.

India is another key market in Asia.  The country has strong end-use market, which in turn, has translated high market prospects for industrial fasteners supplier. Automotive and construction sector is registering impressive growth. Smart city concept propelled by Government of India has led to higher influx of capitals across manufacturing industry. As a result, many China based and Europe based players are capitalizing the market for future growth prospects.

Global Industrial Fasteners Market Size and Forecast: Competition Landscape

Companies are focusing on product innovation to stay agile and generate high ROI. The trend is likely to continue throughout the forecast period. For instance, in 2017, Acument Global Technologies, announced the launch of new class of clean fasteners under the brand name “TechniClean™”. Several other companies are following the same trend. Influence of China based players has also grown in last decade.

Some key industrial fasteners players are:

  • Gem-Year Industrial Co., Ltd.
  • Federal Screw Works
  • LISI Group
  • Bulten AB
  • Earnest Machine Product Company
  • Nucor Corp.
  • Arconic Inc.
  • Sundaram Fasteners
  • Taeyang Metal Industrial Co. Ltd.
  • MNP Corp.
  • Illinois Tool Works, Inc.
  • Acument® Global Technologies
  • Marmon Holdings Inc.
  • Atlas Bolt & Screw Company LLC
  • MacLean-Fogg Company
  • Whitesell Group
  • Nitto Seiko Co., Ltd.
  • Precision Castparts Corp.
  • SPS Technologies
  • STANLEY Engineered Fastening
  • Sundram Fasteners Ltd.

Industry Segmentation

By Type:

  • Plastic
  • Metal
  • Hybrid

By Product:

  • Bolts
  • Nuts
  • Screws
  • Washers
  • Others

By Application:

  • Construction
  • Automotive
  • Aerospace
  • Industrial Machinery
  • Motors and Pumps
  • Consumer Goods
  • Lawns and Gardens
  • Furniture
  • Plumbing Products
  • Others

What Will You Discover in the Report?

  • An in-depth analysis of the Industrial Fasteners market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Industrial Fasteners market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Industrial Fasteners market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Industrial Fasteners industry during the forecast period
  • Who are the Industrial Fasteners industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • Industrial Fasteners Industry Suppliers
  • Industrial Fasteners Industry Manufacturers
  • Consultants and Analysts
  • Researchers
  • Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Industrial Fasteners market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions

Industrial Fasteners Market Overview

  1. Executive Summary
  2. Research Methodology
  3. Industrial Fasteners Market Overview
    • Market Outlook and Forecast
    • Growth Forecast Analysis Scenario
    • Value Chain Analysis
      • Profitability Analysis, Across Nodes
      • List of Key Players and Competition Analysis, Across Nodes
    • R&D Spending Analysis
  4. Global Industrial Fasteners Market Overview
    • Market Outlook and Forecast
      • Value Sales (US$ Million)
      • Volume Sales (Thousand Units)
      • Growth Analysis
    • Leading Industry Players
  5. Industrial Fasteners Market Dynamics
    • Market Drivers
      • Demand Side Drivers
      • Supply Side Drivers
      • Macroeconomic Drivers
      • Impact Analysis (2018 – 2028)
    • Market Restraints
    • Trends
    • Opportunities
    • Manufacturing Outlook
    • Marketed Details
    • Porters Analysis
    • Market Investment Proposition
    • Key Developments and Mergers and Acquisitions
  6. Industrial Fasteners Pricing Analysis
    • Pricing Forecast
      • Developed Regions Scenario
      • Developing Regions Scenario
    • Pricing Trends
      • Historical Trends
      • Forecast Pricing Trends
  1. Industrial Fasteners Market, By Raw Material
    • Introduction and Key Trends
    • Market Share Analysis, 2018 and 2028 (%)
    • Plastic
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Hybrid
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Metals
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  2. Industrial Fasteners Market, By Product
    • Introduction and Key Trends
    • Market Share Analysis, 2018 and 2028 (%)
    • Bolts
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Nuts
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Screws
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Washers
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Others
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  3. Industrial Fasteners Market, By Application
    • Introduction and Key Trends
    • Market Share Analysis, 2018 and 2028 (%)
    • Construction
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Automotive
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Aerospace
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Industrial Machinery
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Motors and Pumps
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Consumer Goods
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Furniture
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Plumbing Products
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Others
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  4. Industrial Fasteners Market, By Region
    • Introduction
    • Regional Trends
    • Regional Market Share Analysis, 2018 and 2028 (%)
    • Industry Value Proposition Analysis
    • Comparative Ranking Analysis, By Segments
    • Key Developments
  5. North America Industrial Fasteners Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Raw Material Type
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Product
    • Revenue Analysis (US$ Million), By Country
      • United States Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Canada Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Western Europe Industrial Fasteners Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Raw Material Type
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Product
    • Revenue Analysis (US$ Million), By Country
      • Germany Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • France Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • UK Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Netherlands Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Spain Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • BENELUX Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Italy Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • NORDIC Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Central and Eastern Europe (CEE) Industrial Fasteners Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Raw Material Type
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Product
    • Revenue Analysis (US$ Million), By Country
      • Russia Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Poland Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Ukraine Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Turkey Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Asia Pacific
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Raw Material Type
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Product
    • Revenue Analysis (US$ Million), By Country
      • China Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Japan Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • India Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • South Korea Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Australia Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • ASEAN Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Rest of Asia Pacific Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Latin America Industrial Fasteners Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Raw Material Type
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Product
    • Revenue Analysis (US$ Million), By Country
      • Brazil Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Argentina Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Chile Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Mexico Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Uruguay Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Rest of Latin Ameica Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Middle East
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Raw Material Type
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Product
    • Revenue Analysis (US$ Million), By Country
      • GCC Animation Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Israel Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Iran Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Rest of Middle East Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Africa Industrial Fasteners Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Raw Material Type
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Product
    • Revenue Analysis (US$ Million), By Country
      • North Africa Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Central Africa Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • South Africa Industrial Fasteners Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Company Landscape
    • Competition Dashboard
    • Company Market Positioning, 2018
      • Introduction
      • Company Market Share by Regions
    • Key Distributors, By Regional Presence
    • Distribution Channel Matrix
    • Company Profiles
      • Gem-Year Industrial Co., Ltd.
        • Overview
        • Key Developments
        • Business Strategy
          • Product Level
          • Go-to-Market
          • Regional Level
        • SWOT Analysis
        • Regional Presence
      • Federal Screw Works
      • LISI Group
      • Bulten AB
      • Earnest Machine Product Company
      • Nucor Corp.
      • Arconic Inc.
      • Sundaram Fasteners
      • Taeyang Metal Industrial Co. Ltd.
      • MNP Corp.
      • Illinois Tool Works, Inc.
      • Acument® Global Technologies
      • Marmon Holdings Inc.
      • Atlas Bolt & Screw Company LLC
      • MacLean-Fogg Company
      • Whitesell Group
      • Nitto Seiko Co., Ltd.
      • Precision Castparts Corp.
      • SPS Technologies
      • STANLEY Engineered Fastening
      • Sundram Fasteners Ltd.

Analyst Recommendations

(Key Pointers Covered for all other companies)

Industrial Fasteners Market Research Methodology

Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.

Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.

Industrial Fasteners Market Growth Forecasting Methodology

In order to prepare historical data and analyze Industrial Fasteners market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Industrial Fasteners market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.

  • Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
  • The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.

With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Industrial Fasteners industry revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.

The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries.  Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Industrial Fasteners industry growth is nearly 3.5X to 5.5X higher than the relative GDP.

Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.

  • Base Factors Growth Analysis
  • Price Variation Analysis
  • Potential Consumer Mapping 

Industrial Fasteners Industry Players: Competition Landscape Methodology

Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.

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