How big is the Fasteners Market | Size, Outlook & Opportunities 2025

Q: How big is the fasteners market size?

The fasteners market is projected to reach USD 137.1 billion by 2031.

Q: What industries drive the most demand for fasteners?

The automotive, aerospace, heavy engineering, and construction industries are the main sources of demand.

Q: Which kinds of materials rule the market for fasteners?

Fasteners made of steel, stainless steel, and alloys which are the most common for their strength and longevity.

Q: Which area consumes the most fasteners?

The largest share is in Asia-Pacific, driven by the expanding manufacturing and construction industries in China and India.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA6076

Publication Date: Jul 2025

How big is the fasteners market?

According to 6Wresearch internal database and industry insights, the Global fasteners market was valued at USD 96.14 Billion in 2024 and is expected to reach USD 137.1 Billion by 2031, growing at a compound annual growth rate of 3.94% during the forecast period.

This growth is driven by rising demand in construction, automotive, aerospace, and industrial machinery sectors. Innovation in coating technologies and lightweight, high-strength materials are changing the fastener market.

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Key Growth Factors of the Fasteners Market

Increasing infrastructure development and industrialisation
Growth in the production of automobiles and aircraft
Increased demand for high-performance, lightweight materials
A rising need for speciality and customised fasteners
Technological developments in coating and anti-corrosion
Automated assembly integration in manufacturing lines

Fasteners Market Trends

High-strength, corrosion-resistant fasteners that can endure challenging circumstances are becoming more popular in the fasteners market. In the automotive and aerospace industries, smart and self-locking fasteners are becoming more common. As the use of recyclable materials and energy-efficient manufacturing increases, sustainability is becoming a major trend.

Emerging Developments in the Fasteners Market

Emerging developments in the fasteners market include the growth of bio-based and composite fasteners, 3D-printed designs, and RFID-enabled tracking for inventory management. OEMs are integrating advanced fastening systems for better precision and efficiency. Furthermore, the rise of modular construction is boosting demand for heavy-duty structural fasteners.