PUBLISHER: The Business Research Company | PRODUCT CODE: 1669448
PUBLISHER: The Business Research Company | PRODUCT CODE: 1669448
Bolts are elongated metal pieces with threaded ends that are utilized to connect objects by screwing into a nut, providing substantial gripping power. They play a crucial role in connecting two components and are commonly used in the construction of mass-produced items and steel structures.
The primary types of bolts include half-screw bolts and full-screw bolts. A half-screw bolt is characterized by a hexagonal head and threads running the entire length of the bolt. These bolts are crafted from diverse materials, including metal and plastic, and are produced in various grades such as Grade 5.8, 8.8, 10.9, 12.9, among others. They find applications in a wide range of industries, including automotive, aerospace, construction, industrial machinery, and others.
The bolts market research report is one of a series of new reports from The Business Research Company that provides bolts market statistics, including bolts industry global market size, regional shares, competitors with a bolts market share, detailed bolts market segments, market trends and opportunities, and any further data you may need to thrive in the bolts industry. This bolts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The bolts market size has grown steadily in recent years. It will grow from $48.03 billion in 2024 to $50.12 billion in 2025 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to construction and infrastructure development, manufacturing and industrial expansion, automotive production growth, oil and gas exploration and production, infrastructure repair and maintenance
The bolts market size is expected to see strong growth in the next few years. It will grow to $62.91 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to global urbanization trends, renewable energy projects, electric vehicle (EV) manufacturing, infrastructure resilience and upgradation, expanding aerospace and defense activities. Major trends in the forecast period include adoption of industry 4.0 in manufacturing, rising eco-friendly bolting solutions, increasing focus on bolt testing and certification, globalization and supply chain resilience.
The increasing number of construction activities is anticipated to drive the growth of the bolts market in the future. Construction activities involve a variety of operations and procedures that require resources and time to build buildings, structures, and infrastructure facilities. Construction bolts, such as structural bolts and anchor bolts, are utilized in numerous construction applications, including securing beams to columns or walls, attaching joists to ledgers, fastening deck boards, and establishing secure foundations for bridges or buildings. For example, in March 2023, a recent statistical report from the United States Census Bureau, a U.S. Federal Statistical System agency, indicated that total construction spending in the United States rose from $1.54 trillion in November 2020 to $1.84 trillion in November 2022, marking a 16.3% increase. Additionally, in September 2024, Trading Economics, a comprehensive platform providing extensive economic data and analysis for over 196 countries, reported that housing starts in the United States increased to 1,356 thousand units in August 2024, up from 1,237 thousand units in July. By the end of the current quarter, housing starts are expected to reach 1,470 thousand units. Therefore, the rise in construction activities will drive the growth of the bolts market.
The rapid pace of industrialization is expected to serve as a pivotal factor propelling the growth of the bolts market moving forward. Industrialization signifies the transformation of an economy or society from agrarian and craft-based activities to a more industrialized structure. Bolts serve as indispensable fastening components crucial for providing structural integrity and enhancing assembly efficiency across various sectors, including manufacturing, construction, and machinery. Their robustness, versatility, and cost-effectiveness make bolts integral in securing joints and structures within industrial settings. For instance, Eurostat reported a 0.5% increase in industrial production in the euro area and a 0.4% rise in the EU in June 2023 compared to May 2023, signifying ongoing industrial growth. Consequently, the rapid industrialization drive is poised to fuel the growth trajectory of the bolts market.
Technological advancements are significant trends gaining traction in the bolts market. Companies in this sector are introducing new products to maintain their competitive edge. For example, in April 2023, Lindapter International, a UK-based construction firm, launched the Hollo-Bolt plug-in tool. This tool is designed to facilitate the installation of Hollo-Bolt fasteners, particularly in structural applications involving hollow sections with one-sided access. It allows users to tighten Hollo-Bolts quickly and effectively, ensuring a robust connection without the need for welding or additional components. This innovation enhances installation speed and convenience, making it particularly suitable for large construction projects and high-pressure environments.
Leading companies in the bolts market are concentrating on the development of innovative products, such as through-bolts, to deliver reliable services to customers. Through-bolts are fasteners that extend completely through two or more pieces of material, typically secured on the opposite end of the head with a nut or other threaded attachment. For instance, in February 2022, MacLean-Fogg Component Solutions, a US-based fastener manufacturer, introduced its Threadstrong line of aftermarket wheel fasteners, highlighting their commitment to quality and safety in the automotive sector. This initiative addresses the issue of low-quality and potentially unsafe replacement fasteners that have flooded the market. By ensuring compliance with stringent safety regulations and quality control standards, the company aims to provide a dependable alternative, emphasizing durability and appropriate friction control.
In January 2023, GMS Inc., a construction goods supplier based in the United States, successfully acquired Tanner Bolt and Nut Inc. The specific financial details of the acquisition were undisclosed. This move is expected to enhance GMS Inc.'s operations by expanding its reach, improving service capabilities, and diversifying its product offerings. Tanner Bolt and Nut Inc., also based in the United States, is recognized for its role as a manufacturer of fasteners, screws, safety products, and related items within the construction industry.
Major companies operating in the bolts market include Nippon Steel, Arconic Corporation, KAMAX Holding GmbH & Co. KG., Acument Intellectual Properties LLC, Keller & Kalmbach GmbH, Reyher Nchfg. GmbH & Co. KG., Fabory Group, Fastenal Company, US Bolt Manufacturing Inc., Easylink Industrial Co. Ltd., Brunner Manufacturing Co. Inc., Elgin Fastener Group LLC, Dokka Fasteners AS, Fastco Industries Inc., Rockford Fastener Inc., Big Bolt Nut, Leland Industries Inc., Jignesh Steel, Hague Fasteners, Kpf Co.Ltd., B&G Manufacturing Co. Inc., Hanger Bolt & Stud Co., BTM Manufacturing, Chicago Nut & Bolt Inc., National Bolt & Nut Corporation, AB Steel Inc., KD Fasteners Inc., Wurth Industrie Service GmbH & Co. KG., Ifastgroupe
Asia-Pacific was the largest region in the bolts market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bolts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the bolts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The bolts market consists of sales of carriage bolts, eye bolts, anchor bolts, plough bolts, and lag bolts. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Bolts Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on bolts market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for bolts ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The bolts market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.