Fasteners Market By Product, By Sales Channel, By End-Use : Global Opportunity Analysis and Industry Forecast, 2023-2032

List of Tables

The global fasteners market was valued at $97.2 billion in 2022, and is projected to reach $151 billion by 2032, growing at a CAGR of 4.6% from 2023 to 2032.

Fasteners are essential components used in various industries and applications to secure two or more objects together. They come in a wide range of shapes, sizes, and materials, serving diverse functions from holding structural components together to securing electronic devices. They play a crucial role in ensuring structural integrity, safety, and functionality across numerous applications. Fasteners are integral components in virtually every industry, including construction, automotive, aerospace, electronics, manufacturing, and consumer goods. Their importance lies in providing reliable connections that withstand various forces, vibrations, and environmental conditions. Without effective fastening solutions, the stability and durability of structures, machinery, and products would be compromised, leading to safety hazards and operational inefficiencies.

In the aerospace and aviation industries, fasteners are subjected to extreme conditions, including high temperatures, pressure differentials, and dynamic loads. Aerospace-grade fasteners are engineered to meet stringent standards for strength, fatigue resistance, and lightweight construction. They are used in aircraft assembly, propulsion systems, airframes, and interior components, where precision and reliability are paramount for flight safety. Fasteners are essential in the assembly of electronic devices, appliances, and technological gadgets, where miniaturization and precision are key considerations. Specially designed screws, nuts, and bolts are used to secure circuit boards, enclosures, connectors, and components in smartphones, laptops, televisions, and consumer electronics. These fasteners must be small, lightweight, and corrosion-resistant to maintain the integrity of electronic assemblies.

Fasteners play a critical role in automotive manufacturing and assembly, where they are utilized in vehicle chassis, engines, interiors, and exteriors. High-strength bolts and screws are employed to secure components such as engine blocks, transmission systems, body panels, and interior trim. Automotive fasteners must meet strict requirements for reliability, weight reduction, and corrosion protection to withstand the harsh conditions of road use.

Market Dynamics

Aerospace applications demand fasteners of the highest quality standards due to the rigorous safety and performance requirements in aircraft manufacturing. Fastener manufacturers supplying aerospace-grade components must adhere to stringent industry standards and certifications, such as AS9100, to ensure product reliability and compliance with regulatory requirements. Technological innovations in aircraft design, materials, and manufacturing processes drive the demand for advanced fastening solutions. Fastener manufacturers need to continually invest in R&D to develop specialized aerospace fasteners capable of withstanding extreme conditions, including high temperatures, vibrations, and pressures encountered during flight. The abovementioned advantages associated with the use of fasteners in the aerospace industry is expected to increase the demand for fasteners during the forecast period.

In March 2023, Emirates, the leading Dubai-based airline renowned for its extensive fleet of Airbus A380 aircraft, solidified its commitment to top-notch maintenance standards by forging significant partnerships with Lufthansa Technik AG. Under these contracts, Lufthansa Technik will deliver comprehensive maintenance, repair, and overhaul (MRO) services tailored specifically for Emirates' A380 fleet where fasteners is used for high-strength bolts designed to withstand heavy loads and vibration. This collaboration ensures Emirates access to Lufthansa Technik's extensive expertise and resources, guaranteeing seamless support for critical maintenance tasks such as C-checks and main landing gear overhauls for its iconic double-decker aircraft.

The fasteners market faces a significant restraint in the form of competition from substitutes, including such as adhesives and welding. Adhesives offer advantages such as uniform distribution of stress, vibration dampening, and corrosion resistance, making them attractive alternative to traditional mechanical fasteners in certain applications. The industries such as automotive, aerospace, and electronics increasingly utilize adhesives for bonding components, reducing the reliance on conventional fasteners. Welding provides a permanent and robust joining method suitable for heavy-duty applications, structural assemblies, and high-stress environments. In industries the such as construction, automotive manufacturing, and shipbuilding, welding is often preferred over fasteners for its ability to create seamless connections and streamline assembly processes. Thus, the availability of substitutes restrain the growth of the fasteners market.

Segmental Overview

The global fasteners market is segmented into product, sales channel, end use, and region. On the basis of product, the market is classified into externally threaded, internally threaded, and non-threaded. By sales channel, it is divided online and offline. Depending on end use, it is segregated into automotive, building and construction, aerospace, machinery, electronics, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of product non threaded segment is the fastest growing segment representing the CAGR of 5.0% during the forecast period. Fasteners are often utilized in snap-fit connections, where components interlock securely without the need for threading. This is common in consumer electronics, automotive interiors, and household appliances. Plastic clips and snaps provide quick assembly and disassembly, facilitating easier maintenance and repair.

On the basis of end-use aerospace is the fastest-growing segment representing the CAGR of 5.4% in fasteners market from 2023 to 2032. In aerospace engineering, fasteners are vital for maintaining the structural integrity of airframes, wings, fuselage, and other critical components. They ensure that different parts of the aircraft remain securely attached, even when subjected to high levels of stress, vibrations, and dynamic forces during flight.

Region wise Asia-Pacific is the fastest growing segment of representing the CAGR of 5.0% in the fasteners market during the forecast period. China leads the Asia-Pacific region in fastener consumption due to its massive manufacturing sector. Fasteners are extensively used in automotive, electronics, construction, and machinery industries. With China's focus on infrastructure projects, demand for fasteners for bridges, railways, and buildings remains high.

Competitive Analysis

The report covers profiles of key industry participants such as Stanley Black & Decker, Inc., NORMA Group, Fontana Finanziaria S.p.A., Precision Castparts Corp., LISI GROUP, ARaymond, PennEngineering, Sundram Fasteners Limited, Group USA, Inc, and Trifast plc.

Recent Key Developments in the Fasteners Industry

According to the Aerospace Industries Association of Canada (AIAC), the aerospace sector generates (CAD 31 billion) $23 billion in annual revenue. Approximately 80% of Canada's aerospace sector is civil-oriented, and 20% is military-oriented..
In April 2022, Samsung partnered with ABB Group, a leader in power and automation solutions. This partnership was aimed to expedite the integration of SmartThings into more buildings and homes where fasteners are used to provide essential support, stability, and functionality to floors, roofs, and foundations. In addition, this partnership would allow users to lower costs and create a more positive environmental impact.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the fasteners market analysis from 2022 to 2032 to identify the prevailing fasteners market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the fasteners market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global fasteners market trends, key players, market segments, application areas, and market growth strategies.

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Manufacturing Capacity
End user preferences and pain points
Product Benchmarking / Product specification and applications
Upcoming/New Entrant by Regions
Consumer Preference and Product Specifications
New Product Development/ Product Matrix of Key Players
Patient/epidemiology data at country, region, global level
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Average Selling Price Analysis / Price Point Analysis
Historic market data
Import Export Analysis/Data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
SWOT Analysis
Volume Market Size and Forecast

Key Market Segments

By Product

Internally Threaded
Non threaded
Externally Threaded

By Sales Channel

Online
Offline

By End-Use

Automotive
Building and Construction
Aerospace
Machinery
Electronics
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Europe
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA

Key Market Players:

Stanley Black & Decker, Inc.
NORMA Group
Fontana Finanziaria S.p.A
Precision Castparts Corp
Lisi Group, LLC
Araymond
PennEngineering
Sundram Fasteners Limited
SFS Group USA, Inc
Trifast plc

Product Code: A64404

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
3.5. Value Chain Analysis
3.6. Key Regulation Analysis

CHAPTER 4: FASTENERS MARKET, BY PRODUCT

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Externally Threaded
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Internally Threaded
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Non threaded
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country

CHAPTER 5: FASTENERS MARKET, BY SALES CHANNEL

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Online
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Offline
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: FASTENERS MARKET, BY END-USE

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Automotive
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Building and Construction
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Aerospace
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
6.5. Machinery
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
6.6. Electronics
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
6.7. Others
- 6.7.1. Key market trends, growth factors and opportunities
- 6.7.2. Market size and forecast, by region
- 6.7.3. Market share analysis by country

CHAPTER 7: FASTENERS MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Product
- 7.2.3. Market size and forecast, by Sales Channel
- 7.2.4. Market size and forecast, by End-Use
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Product
  - 7.2.5.1.2. Market size and forecast, by Sales Channel
  - 7.2.5.1.3. Market size and forecast, by End-Use
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Product
  - 7.2.5.2.2. Market size and forecast, by Sales Channel
  - 7.2.5.2.3. Market size and forecast, by End-Use
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Market size and forecast, by Product
  - 7.2.5.3.2. Market size and forecast, by Sales Channel
  - 7.2.5.3.3. Market size and forecast, by End-Use
7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Product
- 7.3.3. Market size and forecast, by Sales Channel
- 7.3.4. Market size and forecast, by End-Use
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Market size and forecast, by Product
  - 7.3.5.1.2. Market size and forecast, by Sales Channel
  - 7.3.5.1.3. Market size and forecast, by End-Use
  - 7.3.5.2. France
  - 7.3.5.2.1. Market size and forecast, by Product
  - 7.3.5.2.2. Market size and forecast, by Sales Channel
  - 7.3.5.2.3. Market size and forecast, by End-Use
  - 7.3.5.3. UK
  - 7.3.5.3.1. Market size and forecast, by Product
  - 7.3.5.3.2. Market size and forecast, by Sales Channel
  - 7.3.5.3.3. Market size and forecast, by End-Use
  - 7.3.5.4. Spain
  - 7.3.5.4.1. Market size and forecast, by Product
  - 7.3.5.4.2. Market size and forecast, by Sales Channel
  - 7.3.5.4.3. Market size and forecast, by End-Use
  - 7.3.5.5. Italy
  - 7.3.5.5.1. Market size and forecast, by Product
  - 7.3.5.5.2. Market size and forecast, by Sales Channel
  - 7.3.5.5.3. Market size and forecast, by End-Use
  - 7.3.5.6. Rest of Europe
  - 7.3.5.6.1. Market size and forecast, by Product
  - 7.3.5.6.2. Market size and forecast, by Sales Channel
  - 7.3.5.6.3. Market size and forecast, by End-Use
7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Product
- 7.4.3. Market size and forecast, by Sales Channel
- 7.4.4. Market size and forecast, by End-Use
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Product
  - 7.4.5.1.2. Market size and forecast, by Sales Channel
  - 7.4.5.1.3. Market size and forecast, by End-Use
  - 7.4.5.2. India
  - 7.4.5.2.1. Market size and forecast, by Product
  - 7.4.5.2.2. Market size and forecast, by Sales Channel
  - 7.4.5.2.3. Market size and forecast, by End-Use
  - 7.4.5.3. Japan
  - 7.4.5.3.1. Market size and forecast, by Product
  - 7.4.5.3.2. Market size and forecast, by Sales Channel
  - 7.4.5.3.3. Market size and forecast, by End-Use
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Market size and forecast, by Product
  - 7.4.5.4.2. Market size and forecast, by Sales Channel
  - 7.4.5.4.3. Market size and forecast, by End-Use
  - 7.4.5.5. Australia
  - 7.4.5.5.1. Market size and forecast, by Product
  - 7.4.5.5.2. Market size and forecast, by Sales Channel
  - 7.4.5.5.3. Market size and forecast, by End-Use
  - 7.4.5.6. Rest of Europe
  - 7.4.5.6.1. Market size and forecast, by Product
  - 7.4.5.6.2. Market size and forecast, by Sales Channel
  - 7.4.5.6.3. Market size and forecast, by End-Use
7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Product
- 7.5.3. Market size and forecast, by Sales Channel
- 7.5.4. Market size and forecast, by End-Use
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Brazil
  - 7.5.5.1.1. Market size and forecast, by Product
  - 7.5.5.1.2. Market size and forecast, by Sales Channel
  - 7.5.5.1.3. Market size and forecast, by End-Use
  - 7.5.5.2. South Africa
  - 7.5.5.2.1. Market size and forecast, by Product
  - 7.5.5.2.2. Market size and forecast, by Sales Channel
  - 7.5.5.2.3. Market size and forecast, by End-Use
  - 7.5.5.3. Saudi Arabia
  - 7.5.5.3.1. Market size and forecast, by Product
  - 7.5.5.3.2. Market size and forecast, by Sales Channel
  - 7.5.5.3.3. Market size and forecast, by End-Use
  - 7.5.5.4. Rest of LAMEA
  - 7.5.5.4.1. Market size and forecast, by Product
  - 7.5.5.4.2. Market size and forecast, by Sales Channel
  - 7.5.5.4.3. Market size and forecast, by End-Use

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. Stanley Black & Decker, Inc.
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
9.2. NORMA Group
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
9.3. Fontana Finanziaria S.p.A
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
9.4. Precision Castparts Corp
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
9.5. Lisi Group, LLC
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. Araymond
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
9.7. PennEngineering
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
9.8. Sundram Fasteners Limited
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
9.9. SFS Group USA, Inc
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
9.10. Trifast plc
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments