The global industrial fasteners market was valued at nearly USD 97.13 billion in 2025 and is expected to grow at a CAGR of 4.10% during the forecast period of 2026–2035, reaching a value of USD 145.16 billion by 2035. Fasteners, which include bolts, screws, nuts, rivets, and washers, are essential components in various industries such as automotive, aerospace, construction, and manufacturing. As global industries expand and modernize, the demand for industrial fasteners is expected to rise, driven by increasing industrial activity, technological advancements, and infrastructure development across different sectors.Key Drivers of Market Growth
Growth of End-User Industries
One of the key drivers behind the growth of the industrial fasteners market is the expansion of major end-user industries, including automotive, construction, aerospace, and machinery manufacturing. As these sectors continue to grow, the demand for fasteners, which are critical for assembling and securing parts in vehicles, machinery, infrastructure, and more, is also increasing.
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Automotive Industry: The global automotive industry is undergoing significant transformations, with increasing production of electric vehicles (EVs), autonomous vehicles, and more fuel-efficient cars. All these vehicles rely heavily on fasteners for critical assembly and performance. The rising demand for lightweight materials and advanced automotive designs is driving the need for specialized fasteners.
Construction Sector: The ongoing urbanization and infrastructural projects, particularly in emerging markets, are further boosting the demand for fasteners. As construction projects become more complex and require advanced materials, the need for high-performance fasteners is rising. This includes the use of fasteners in structural components, facades, windows, and door installations.
Aerospace Industry: Aerospace manufacturing relies heavily on fasteners that can withstand extreme conditions, including high pressure, temperature, and vibration. With the growing demand for air travel and the increasing number of aircraft orders, there is a steady need for aerospace-grade fasteners.
Technological Advancements in Fastener Manufacturing
Technological innovations in the manufacturing of fasteners are significantly enhancing the efficiency, durability, and variety of fasteners available in the market. The development of high-strength alloys, corrosion-resistant coatings, and advanced precision manufacturing techniques is driving the growth of the industrial fasteners market.
The integration of automation, robotics, and artificial intelligence in the production of fasteners is improving the precision and quality of products while reducing production costs. Furthermore, the increased use of 3D printing for creating customized fasteners is opening new opportunities for market players to cater to highly specialized applications.
Increasing Demand for Energy-Efficient and Lightweight Solutions
The push for energy-efficient and lightweight solutions in industries such as automotive and aerospace is contributing to the demand for advanced fasteners. In the automotive sector, for instance, the shift towards electric vehicles (EVs) and the use of lightweight materials like aluminum, carbon fiber.