Metal was the biggest in 2024, the fastest plastic. Industrial fasteners refer to fastening products such as screws, nails, bolts and rivets, among others, that are widely used in the aerospace, construction and original equipment manufacturers. Smart fasteners continuously monitor several parameters, giving engineers a complete view of the fastener's condition. Metal fasteners accounted for 77.2% of the North American industrial fasteners market in 2024, reflecting their cost advantage in construction, machinery and transportation.
If you are looking for a reliable Fastener Supplier near Louisville KY, metal fasteners are a great option due to their cost advantage in various industries such as construction, machinery, and transportation. Advances in the motor vehicle market will be further supported by the ongoing transition to electric vehicles, which will require greater collaboration between fastener suppliers and car manufacturers to develop products for new vehicle platforms. The North American market presents a lucrative opportunity, as manufacturers and suppliers expand their portfolios to meet the demand for lightweight, corrosion-resistant and cost-effective plastic fasteners. For more information, see the study on the global industrial fasteners industry conducted by The Freedonia Group, which includes expert data related to fastener market size, forecasts, regional trends, market share of companies, and other valuable information to support strategic decision-making. Therefore, continued advances in smart fasteners are expected to boost market opportunities for industrial fasteners during the forecast period.
Fastener suppliers fight back by promoting removable designs for maintenance and focusing on safety-critical areas where pair-auditable joints are still mandatory. While fasteners compete to some extent with several alternative joining technologies (such as adhesives, welding, and mechanical bonding), there are generally no practical functional reasons to significantly reduce or increase the use of fasteners in product designs in response to short-term economic conditions. Intelligent industrial fasteners are fasteners equipped with sensors and digital functions that allow them to monitor in real time their condition and the structural integrity of the components they protect. The analysis of the industrial fasteners market shows that the North American market is growing mainly due to the wide applications of fasteners in industries such as aerospace and industrial machinery, among others.
The growing demand for lightweight, corrosion-resistant fasteners is creating significant growth opportunities in the industrial fasteners market, driven by advances in industries such as automotive, aerospace, marine and construction. The North American industrial fastener market is experiencing significant growth, driven especially by its strong presence in the automotive and aerospace industries, as well as the growing adoption of plastic fasteners. However, the markets for maintenance and repair fasteners tend to represent a smaller proportion of demand than those of other component supplier companies, because many types of fasteners are designed to last the entire life of the product or structure in the that were originally installed.
