1 Jul 2025
The global industrial fasteners market, valued at around USD 90.6 billion in 2025, is projected to reach USD 104 billion by 2029, growing at a 3.5% CAGR. Growth is being fueled by the rapid expansion of electric vehicles, large-scale infrastructure investments, and increasing automation across industries.
The automotive sector remains a major driver, with EV-specific fasteners alone expected to hit USD 20 billion by 2030, supported by lightweight and high-performance design needs. Meanwhile, government-backed infrastructure projects and renewable energy installations—such as wind turbines requiring thousands of fasteners each—are adding significant momentum.
Regionally, Asia-Pacific leads the market with nearly half of the global share, while North America and Europe are seeing steady demand through smart factory adoption and modernization. Innovation is also reshaping the sector, with smart fasteners and sustainable materials gaining traction despite challenges like steel price volatility.
As industries pivot toward electrification and sustainability, fasteners are no longer just hidden components—they are becoming critical enablers of performance, safety, and long-term resilience.
Source: PR Newswire – Industrial Fasteners Market Worth $104.12 Billion by 2029: Exclusive Report by MarketsandMarkets (July 2025)