The global market size for industrial fasteners was estimated at 99.63 billion dollars in 2024 and is forecast to reach 131.45 billion dollars in 2030. Advances in the motor vehicle market will be further supported by the ongoing transition to electric vehicles, which will require greater collaboration between Fastener Supplier near Lincoln NE and car manufacturers to develop products for new vehicle platforms. 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. 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 the automotive industry, aerospace, marine and construction. The North American market presents a lucrative opportunity as manufacturers and suppliers expand their portfolios to meet demand for lightweight, corrosion-resistant and cost-effective plastic fasteners.
Asia Pacific is an important hub for aerospace fastener manufacturers who supply industrial fasteners to aerospace OEMs based in North America and Europe. They are of two types: one produces a permanent joint that includes nuts and bolts, screws, rivets, clamps and retaining rings, and the other that requires a sliding adhesive or non-permanent fastening products that can be released, such as clamps and quick-release couplers, intended to remove the specific pins that allow the relative movement of the fixed parts. 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. While fasteners compete to some extent with several alternative bonding technologies, such as adhesives, welding, and mechanical bonding, they are generally not practical functional reasons to significantly reduce or increase the use of fasteners in product designs in response to short-term economic conditions. Industrial fasteners primarily refer to high-quality fastening products that are used in the construction, automotive, aerospace and construction industries the marina.
