Industrial Fastener Industry Analysis in East Asia
Study on Industrial Fasteners in East Asia by Nuts, Bolts, Screws, Washers, Anchors, Nails, Dowel Pins, and Rivets from 2024 to 2034
Analysis of Industrial Fastener Industry Covering Countries Including Analysis of China, Japan, and South Korea
Industrial Fastener Sales Outlook for East Asia (2024 to 2034)
As per the latest study published by Fact.MR, sales of industrial fasteners in East Asia are estimated at US$ 4.51 billion in 2024. The market is forecasted to expand at 7% CAGR and reach a size of US$ 8.9 billion by 2034-end.
Countries in East Asia are witnessing noteworthy growth in manufacturing industries. Industrial fasteners are adopted as essential components in manufacturing procedures in several sectors, including electronics, machinery, construction, aerospace, and automotive. The noteworthy expansion of these industries is predicted to stimulate demand for fasteners as well.
Japan, South Korea, and China are investing significantly in infrastructure projects, including railways, bridges, buildings, and roads. Fasteners are pivotal in construction projects, therefore experiencing increased demand. East Asia is predicted to host some of the largest aerospace and automotive manufacturers. These industries heavily rely on industrial fasteners for assembling aircraft, vehicles, and related components. With constant innovations and expansion of these industries, requirements for high-quality fasteners are also rising.
Technological advancements are projected to generate requirements for specialized fasteners to match the demand for modern electronics, machinery, and high-tech products. This is predicted to include industrial fasteners, which are corrosion-resistant, lightweight, and capable of withstanding extreme temperatures.
| Report Attributes | Details |
|---|---|
| Industrial Fastener Sales in East Asia (2024E) | US$ 4.51 Billion |
| Projected Sales (2034F) | US$ 8.9 Billion |
| Demand Growth (2024 to 2034) | 7% CAGR |
| Sales in China (2034E) | US$ 5.28 Billion |
| Demand Growth in Japan (2024 to 2034) | 6.6% CAGR |
| Demand Growth in South Korea (2024 to 2034) | 7.8% CAGR |
| Market Share of Stainless Steel Industrial Fasteners (2024E) | >50% |
| Key Companies Profiled | XINXING FASTENERS; Jiaxing Goshen Hardware Co., Ltd.; Meidoh Co., Ltd.; Zhejiang Zhenglin Industrial Development Corp.; Nitto Seiko Co., Ltd.; Kogyo Co., Ltd.; Dong Yang Screw Co., Ltd.; Korea Bolt Industries Co., Ltd.; SMJIN Corporation |
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What is Forecasted to Stimulate Demand for Industrial Fasteners in East Asia?
“Infrastructure Development Generating Huge Demand for Fasteners”
Noteworthy investments in infrastructure projects in East Asia are projected to result in increased expansion of road networks, efficient railway systems, robust bridge structures, and innovative architectural constructions. These ambitious construction activities require industrial fasteners to maintain the structural stability and integrity of these projects. These construction endeavors are forecasted to stimulate demand for industrial fasteners.
Industrial fasteners, including screws, bolts, nuts, and numerous connecting components are projected to serve as vital components of infrastructure projects. They offer the required binding force, firmly securing components and materials in place, thus fortifying the structural framework against any sort of external forces, such as heavy loads, seismic activity, and wind. They uphold the longevity and reliability of infrastructure, facilitating efficient transportation, supporting functional efficacy, and assuring the safety of commuters.
Infrastructure development in the region is forecasted to increase demand for fasteners. This heightened requirement is projected to reflect the significant role of these components in expediting construction activities and ensuring precision.
Country-wise Insights
What is the Demand Outlook for Industrial Fasteners in China?
“Market Benefiting from Infrastructure Development and Growing Production of Consumer Goods”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 2.63 Billion |
| Growth Rate (2024 to 2034) | 7.2% CAGR |
| Projected Value (2034F) | US$ 5.28 Billion |
Increased investment in infrastructure projects, including railways, buildings, bridges, and roads is predicted to necessitate requirements for industrial fasteners for construction purposes. A significant increase in the disposable income of more people is predicted to generate demand for consumer goods, including electronics, furniture, and appliances. These products also need fasteners in the manufacturing process, which is also predicted to give manufacturers an edge.
Why are Suppliers of Industrial Fasteners Focusing on Japan?
“Growing Construction Projects Supporting Demand Growth for Industrial Fasteners”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 1.59 Billion |
| Growth Rate (2024 to 2034) | 6.6% CAGR |
| Projected Value (2034F) | US$ 3.01 Billion |
Similar to China, Japan is spending continuously on infrastructure projects, such as buildings, transportation systems, and public works. Construction projects need a noteworthy quantity of industrial fasteners, subsequently supporting market growth. Several industries in Japan, including construction, industrial, etc. prioritize precision and quality. This requirement for precision manufacturing is predicted to extend demand for high-quality industrial fasteners.
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Category-wise Insights
Why is Stainless Steel Widely Adopted in the Production of Industrial Fasteners?
“Corrosion Resistance of Stainless Steel Fueling Use in Industrial Fastener Production Process”
| Attribute | Stainless Steel |
|---|---|
| Segment Value (2024E) | US$ 2.25 Billion |
| Growth Rate (2024 to 2034) | 7.2% CAGR |
| Projected Value (2034F) | US$ 4.51 Billion |
Stainless steel is resistant to corrosion, therefore making it an ideal material for use in different environments, such as those with chemicals, high moisture, and exposure to weather elements. Fact.MR, a market research and competitive intelligence provider, in its recently published study, mentions that this resistance is predicted to help in the prevention of deterioration and rust over time, thus ensuring the stability and reliability of industrial fasteners in diverse applications.
Why is Demand for Industrial Fasteners High for Power Generation?
“Rising Number of Renewable Energy Projects Driving Demand for Industrial Fasteners”
| Attribute | Power Generation |
|---|---|
| Segment Value (2024E) | US$ 927.4 Million |
| Growth Rate (2024 to 2034) | 7.6% CAGR |
| Projected Value (2034F) | US$ 1.93 Billion |
Increasing emphasis on renewable energy sources, such as solar, hydroelectric power, and wind is predicted to result in increased construction as well as installation of related infrastructure. Solar panels, hydroelectric dams, wind turbines, and related equipment result in increased demand for industrial fasteners for maintenance and assembly.
Competition Landscape
Prominent manufacturers of industrial fasteners are spending significantly to ensure quality control, management of their supply chain, new product development, etc. Leading market players in East Asia are XINXING FASTEMERS, Jiaxing Goshen Hardware Co., Ltd., Meidoh Co., Ltd., Zhejiang Zhenglin Industrial Development Corp., Nitto Seiko Co., Ltd., Kogyo Co., Ltd., Dong Yang Screw Co., Ltd., Korea Bolt Industries Co., Ltd., and SMJIN Corporation.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Segmentation of Industrial Fastener Study in East Asia
-
By Material :
- Alloy Steel
- Stainless Steel
-
By Type :
- Nuts
- Hexagon Nuts
- Flange Nuts
- Wing Nuts
- Coupling Nuts
- Pal Nuts
- Others
- Bolts
- Track Bolts
- Square Bolts
- Plow Bolts
- Round Bolts
- J-bolts
- U Bolts
- Shoulder Bolts
- Elevator Bolts
- Others
- Screws
- Wood Screws
- Machine Screws
- Thread Cutting Machine Screws
- Socket Screws
- Others
- Washers
- Lock Washers
- Structural Washers
- Others
- Anchors
- Nails
- Dowel Pins
- Rivets
- Nuts
-
By End-use Industry :
- Chemicals
- Heat Exchanges
- Exhaust Systems
- Tanks & Vessels
- Processing Equipment
- Others
- Petrochemicals
- Marine
- Decks
- Tanks
- Ramps
- Bulkheads
- Others
- Automotive
- Power Generation
- Wind Energy
- Turbine Manufacturing
- Tower & Components
- Rotor Blade & Components
- Nacelle & Components
- Turbine Manufacturing
- Other Auxiliaries
- Other Energy
- Construction
- Aerospace & Defense
- Mining
- Agriculture
- Chemicals
-
By Sales Channel :
- Online
- Offline
-
By Country :
- China
- Japan
- South Korea
Table of Content
- 1. East Asia Industry - Executive Summary
- 2. East Asia Industry Overview
- 3. Industry Risks and Trends Assessment
- 4. Industry Background and Data Points
- 5. East Asia Industry Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 6. East Asia Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, By Material
- 6.1. Alloy Steel
- 6.2. Stainless Steel
- 7. East Asia Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Type
- 7.1. Nuts
- 7.2. Bolts
- 7.3. Screws
- 7.4. Washers
- 7.5. Anchors
- 7.6. Nails
- 7.7. Dowel Pins
- 7.8. Rivets
- 8. East Asia Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by End-use Industry
- 8.1. Chemicals
- 8.2. Petrochemicals
- 8.3. Marine
- 8.4. Automotive
- 8.5. Power Generation
- 8.6. Construction
- 8.7. Aerospace & Defense
- 8.8. Mining
- 8.9. Agriculture
- 8.10. Others
- 9. East Asia Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Sales Channel
- 9.1. Online
- 9.2. Offline
- 10. East Asia Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Country
- 10.1. China
- 10.2. Japan
- 10.3. South Korea
- 11. China Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 12. Japan Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. South Korea Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. Industry Structure Analysis
- 15. Competition Analysis
- 15.1. XINXING FASTENERS
- 15.2. Jiaxing Goshen Hardware Co., Ltd.
- 15.3. Meidoh Co., Ltd.
- 15.4. Zhejiang Zhenglin Industrial Development Corp.
- 15.5. Nitto Seiko Co., Ltd.
- 15.6. Kogyo Co., Ltd.
- 15.7. Dong Yang Screw Co., Ltd.
- 15.8. Korea Bolt Industries Co., Ltd.
- 15.9. SMJIN Corporation
- 16. Assumptions and Acronyms Used
- 17. Research Methodology
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List Of Table
Table 01: East Asia Industry Value (US$ Mn) Analysis, by Material, 2018 to 2023
Table 02: East Asia Industry Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 03: East Asia Industry Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 04: East Asia Industry Value (US$ Mn) Analysis, by Type, 2018 to 2023
Table 05: East Asia Industry Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 06: East Asia Industry Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 07: East Asia Industry Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 08: East Asia Industry Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 09: East Asia Industry Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 10: East Asia Industry Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2023
Table 11: East Asia Industry Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 12: East Asia Industry Value (US$ Mn) Opportunity Sales Channel, by End-use Industry, 2024 to 2034
Table 13: East Asia Industry Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 14: East Asia Industry Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: East Asia Industry Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: China Industry Value (US$ Mn) Analysis, by Material, 2018 to 2023
Table 17: China Industry Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 18: China Industry Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 19: China Industry Value (US$ Mn) Analysis, by Type, 2018 to 2023
Table 20: China Industry Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 21: China Industry Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 22: China Industry Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 23: China Industry Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 24: China Industry Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 25: China Industry Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2023
Table 26: China Industry Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 27: China Industry Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 28: Japan Industry Value (US$ Mn) Analysis, by Material, 2018 to 2023
Table 29: Japan Industry Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 30: Japan Industry Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 31: Japan Industry Value (US$ Mn) Analysis, by Type, 2018 to 2023
Table 32: Japan Industry Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 33: Japan Industry Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 34: Japan Industry Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 35: Japan Industry Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 36: Japan Industry Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 37: Japan Industry Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2023
Table 38: Japan Industry Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 39: Japan Industry Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 40: South Korea Industry Value (US$ Mn) Analysis, by Material, 2018 to 2023
Table 41: South Korea Industry Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 42: South Korea Industry Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 43: South Korea Industry Value (US$ Mn) Analysis, by Type, 2018 to 2023
Table 44: South Korea Industry Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 45: South Korea Industry Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 46: South Korea Industry Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 47: South Korea Industry Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 48: South Korea Industry Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 49: South Korea Industry Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2023
Table 50: South Korea Industry Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 51: South Korea Industry Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
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Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 01: East Asia Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 02: East Asia Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: East Asia Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 04: East Asia Industry Incremental $ Opportunity, 2024 to 2034
Figure 05: East Asia Industry Share and BPS Analysis by Material, 2024 & 2034
Figure 06: East Asia Industry Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 07: East Asia Industry Attractiveness Analysis by Material, 2024 to 2034
Figure 08: East Asia Industry Share and BPS Analysis by Type, 2024 & 2034
Figure 09: East Asia Industry Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 10: East Asia Industry Attractiveness Analysis by Type, 2024 to 2034
Figure 11: East Asia Industry Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 12: East Asia Industry Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 13: East Asia Industry Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 14: East Asia Industry Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 15: East Asia Industry Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 16: East Asia Industry Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 17: East Asia Industry Share and BPS Analysis by Country, 2024 & 2034
Figure 18: East Asia Industry Y-o-Y Growth Projections by Country, 2024 to 2034
Figure 19: East Asia Industry Attractiveness Analysis by Country, 2024 to 2034
Figure 20: China Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 21: China Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 22: China Industry Value Y-o-Y Growth and Forecast, 2034
Figure 23: China Industry Incremental $ Opportunity, 2024 to 2034
Figure 24: China Industry Share and BPS Analysis by Material, 2024 & 2034
Figure 25: China Industry Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 26: China Industry Attractiveness Analysis by Material, 2024 to 2034
Figure 27: China Industry Share and BPS Analysis by Type, 2024 & 2034
Figure 28: China Industry Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 29: China Industry Attractiveness Analysis by Type, 2024 to 2034
Figure 30: China Industry Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 31: China Industry Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 32: China Industry Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 33: China Industry Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 34: China Industry Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 35: China Industry Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 36: Japan Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 37: Japan Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 38: Japan Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 39: Japan Industry Incremental $ Opportunity, 2024 to 2034
Figure 40: Japan Industry Share and BPS Analysis by Material, 2024 & 2034
Figure 41: Japan Industry Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 42: Japan Industry Attractiveness Analysis by Material, 2024 to 2034
Figure 43: Japan Industry Share and BPS Analysis by Type, 2024 & 2034
Figure 44: Japan Industry Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 45: Japan Industry Attractiveness Analysis by Type, 2024 to 2034
Figure 46: Japan Industry Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 47: Japan Industry Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 48: Japan Industry Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 49: Japan Industry Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 50: Japan Industry Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 51: Japan Industry Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 52: South Korea Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 53: South Korea Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 54: South Korea Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 55: South Korea Industry Share and BPS Analysis by Material, 2024 & 2034
Figure 56: South Korea Industry Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 57: South Korea Industry Attractiveness Analysis by Material, 2024 to 2034
Figure 58: South Korea Industry Share and BPS Analysis by Type, 2024 & 2034
Figure 59: South Korea Industry Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 60: South Korea Industry Attractiveness Analysis by Type, 2024 to 2034
Figure 61: South Korea Industry Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 62: South Korea Industry Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 63: South Korea Industry Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 64: South Korea Industry Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 65: South Korea Industry Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 66: South Korea Industry Attractiveness Analysis by Sales Channel, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What are the sales projections for industrial fasteners in East Asia?
Demand for industrial fasteners in East Asia is estimated to reach a market value of US$ 4.51 billion in 2024.
What is the predicted valuation of the market for 2034?
Sales of industrial fasteners in East Asia are forecasted to reach US$ 8.9 billion by the end of 2034.
At what rate are the sales of industrial fasteners forecasted to advance in East Asia?
The market in East Asia is predicted to expand at a CAGR of 7% from 2024 to 2034.
How much share of the market is held by stainless steel industrial fasteners?
Stainless steel-based industrial fasteners account for more than 50% market revenue in 2024.
What is the predicted size of the market in China for 2034?
Sales of industrial fasteners in China are forecasted to reach US$ 5.28 billion by the end of 2034.
At what CAGR is the demand for industrial fasteners projected to rise in South Korea?
Demand for industrial fasteners in South Korea is predicted to rise at 7.8% CAGR from 2024 to 2034.
What are the demand projections for industrial fasteners in Japan?
The market in Japan is predicted to expand at 6.6% CAGR from 2024 to 2034.
Industrial Fastener Industry Analysis in East Asia