Industrial Fastener Industry Analysis in North America
Study on Industrial Fasteners in North America 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 United States and Canada
Industrial Fastener Sales Outlook for North America (2024 to 2034)
Sales of industrial fasteners in North America are calculated at US$ 3.55 billion for 2024 and are projected to increase at a healthy CAGR of 5.4% to reach a market value of US$ 6.01 billion by the end of 2034.
Industrial fasteners are essential components used to mechanically join or affix two or more objects together. Fasteners including Industrial fasteners and tamper-proof fasteners play a crucial role in various industries, providing a means of assembling, securing, and connecting different parts and materials. The term ‘industrial fastener’ is a broad category that includes a wide range of devices designed for specific applications, and they come in various shapes, sizes, and materials.
Common types of industrial fasteners include bolts, nuts, screws, washers, rivets, and pins. They are utilized in manufacturing, construction, automotive, aerospace, and electronics. The choice of fastener depends on factors such as the materials being joined, the required strength, environmental conditions, and the specific application.
- Demand for industrial nuts in North America is predicted to rise at a CAGR of 6.2% and reach a market value of US$ 1.44 billion by 2034.
- Fact.MR, a market research and competitive intelligence provider, estimates that sales of industrial screws in the region will reach US$ 1.09 billion by 2034.
| Report Attributes | Details |
|---|---|
| Industrial Fastener Sales in North America (2024E) | US$ 3.55 Billion |
| Forecasted Sales (2034F) | US$ 6.01 Billion |
| Demand Growth (2024 to 2034) | 5.4% CAGR |
| Alloy Steel Sales (2024E) | US$ 1.84 Billion |
| Industrial Bolt Demand Growth (2024 to 2034) | 6.7% CAGR |
| Industrial Nail Sales (2024E) | US$ 262.5 Million |
| Key Companies Profiled | Illinois Tool Works Inc.; LISI Group; ARaymond Industrial; Fontana Gruppo |
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Why is North America a Key Market for Industrial Fastener Suppliers?
“Shift toward Lightweight Materials in Aerospace and Automotive Sectors”
Growing popularity of lightweight materials in industries such as aerospace and automotive is significantly influencing the choice of materials used in the production process. This trend is driven by the continuous pursuit of improved fuel efficiency, enhanced performance, and reduced environmental impact. As a result, there is a notable increase in the use of advanced materials such as aluminium and composite materials in both the manufacturing of components and the fasteners that hold them together.
Fastener manufacturers are investing heavily in research and development activities to innovate new materials that balance strength, durability, and lightness. As materials become lighter, precision engineering of fasteners becomes critical to maintaining structural integrity.
“Growing Maintenance, Repair, and Operation (MRO) Activities Boosting Demand for Industrial Fasteners”
Continuous maintenance requirements in various industries play a pivotal role in sustaining the demand for industrial fasteners. Across sectors such as manufacturing, construction, and infrastructure, the need for ongoing maintenance remains constant to ensure the operational efficiency and safety of equipment and structures. This perpetual demand stems from the natural wear and tear that components experience during regular use, exposure to environmental factors, and the impact of operational stress.
In this context, fasteners become integral components in the maintenance and repair processes, as they are essential for reassembling and securing parts after disassembly. The replacement and repair needs within industries are key drivers for the sales of industrial fasteners.
Country-wise Analysis
Why are Industrial Fastener Manufacturers Thriving in the United States?
“Huge Infrastructure Development Projects Boon for Industrial Fastener Suppliers”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 3.17 Billion |
| Growth Rate (2024 to 2034) | 5.5% CAGR |
| Projected Value (2034F) | US$ 5.41 Billion |
Ongoing infrastructure development projects, including road construction, building projects, and energy infrastructure are contributing to the healthy demand for industrial fasteners. These fasteners are essential in assembling and securing structural components in construction applications.
The resurgence of manufacturing activities in the United States is also significantly driving demand for manufacturing fasteners.
How Fast is Demand for Industrial Fasteners Rising in Canada?
“Resource and Renewable Energy Sectors Driving Steady Demand for Industrial Fasteners”
| Attribute | Canada |
|---|---|
| Market Value (2024E) | US$ 384.5 Million |
| Growth Rate (2024 to 2034) | 4.5% CAGR |
| Projected Value (2034F) | US$ 597.12 Million |
Canada's resource sectors including mining and forestry are driving steady demand for industrial fasteners used in heavy machinery and equipment. The extraction and processing of natural resources necessitate robust fasteners for assembly and maintenance.
Growing investments in renewable energy projects, such as wind and solar are also driving demand for fasteners used in the construction and maintenance of renewable energy infrastructure. This sector's expansion is directly contributing to the overall demand for industrial fasteners.
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Category-wise Analysis
Why is Demand for Industrial Fasteners High in the Power Generation Sector?
“Infrastructure Expansion and Upgrades in Power Generation Plants Driving Demand for Durable Industrial Fasteners”
| Attribute | Power Generation |
|---|---|
| Segment Value (2024E) | US$ 879.8 Million |
| Growth Rate (2024 to 2034) | 6% CAGR |
| Projected Value (2034F) | US$ 1.57 Billion |
The North American power generation sector encompasses diverse energy sources, including coal, natural gas, nuclear, hydroelectric, and renewable energy. Each of these energy sources has unique equipment and components, and industrial fasteners are integral for assembling and securing these components in various power generation systems.
Rapidly evolving power generation sector in North America is also in continual need of the construction of new power plants and the upgrade of existing facilities. This includes the installation of turbines, generators, and other equipment, all of which require a substantial quantity and variety of industrial fasteners for assembly and structural integrity.
Competitive Landscape
Leading industrial fastener companies in North America are employing several organic and inorganic strategies to enhance their competitiveness and earn more revenue. These strategies are tailored to address the evolving needs of industries, technological advancements, and market dynamics. Key market players are also focusing on expanding their presence in global markets.
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Segmentation of Industrial Fasteners Study in North America
-
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
- Sheet Metal Screws
- Socket Screws
- Others
- Washers
- Lock Washers
- Structural Washers
- Others
- Anchors
- Nails
- Dowel Pins
- Rivets
- Nuts
-
By End-use Industry :
- Chemicals
- Heat Exchangers
- Exhaust Systems
- Tanks and Vessels
- Processing Equipment
- Others
- Petrochemicals
- Marine
- Decks
- Tanks
- Ramps
- Bulkheads
- Others
- Automotive
- Power Generation
- Turbine Manufacturing
- Tower & Components
- Rotor Blade & Components
- Nacelle & Components
- Other Auxiliaries (Cases) etc.
- Other Energy
- Turbine Manufacturing
- Construction
- Aerospace & Defense
- Mining
- Agriculture
- Others
- Chemicals
-
By Sales Channel :
- Online
- Direct to Customer
- Third-Party Online
- Offline
- Authorized Distributors
- Garages & Workshops
- Specialty Stores
- Online
-
By Country :
- United States
- Canada
Table of Content
- 1. North America Industry - Executive Summary
- 2. North America Industry Overview
- 3. Industry Risks and Trends Assessment
- 4. Industry Background and Data Points
- 5. North America Industry Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 6. North America Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, By Material
- 6.1. Alloy Steel
- 6.2. Stainless Steel
- 7. North America 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. North America 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. North America Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Sales Channel
- 9.1. Online
- 9.2. Offline
- 10. North America Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Country
- 10.1. United States
- 10.2. Canada
- 11. United States Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 12. Canada Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. Industry Structure Analysis
- 14. Competition Analysis
- 14.1. Illinois Tool Works Inc.
- 14.2. LISI Group
- 14.3. ARaymond Industrial
- 14.4. Fontana Gruppo
- 15. Assumptions and Acronyms Used
- 16. Research Methodology
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List Of Table
Table 01: North America Industry Value (US$ Mn) Analysis, by Material, 2018 to 2023
Table 02: North America Industry Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 03: North America Industry Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 04: North America Industry Value (US$ Mn) Analysis, by Type, 2018 to 2023
Table 05: North America Industry Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 06: North America Industry Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 07: North America Industry Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 08: North America Industry Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 09: North America Industry Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 10: North America Industry Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2023
Table 11: North America Industry Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 12: North America Industry Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 13: North America Industry Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 14: North America Industry Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: North America Industry Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: United States Industry Value (US$ Mn) Analysis, by Material, 2018 to 2023
Table 17: United States Industry Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 18: United States Industry Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 19: United States Industry Value (US$ Mn) Analysis, by Type, 2018 to 2023
Table 20: United States Industry Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 21: United States Industry Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 22: United States Industry Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 23: United States Industry Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 24: United States Industry Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 25: United States Industry Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2023
Table 26: United States Industry Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 27: United States Industry Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 28: Canada Industry Value (US$ Mn) Analysis, by Material, 2018 to 2023
Table 29: Canada Industry Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 30: Canada Industry Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 31: Canada Industry Value (US$ Mn) Analysis, by Type, 2018 to 2023
Table 32: Canada Industry Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 33: Canada Industry Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 34: Canada Industry Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 35: Canada Industry Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 36: Canada Industry Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 37: Canada Industry Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2023
Table 38: Canada Industry Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 39: Canada Industry Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
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List Of Figures
Figure 01: North America Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 02: North America Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: North America Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 04: North America Industry Incremental $ Opportunity, 2024 to 2034
Figure 05: North America Industry Share and BPS Analysis by Material, 2024 & 2034
Figure 06: North America Industry Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 07: North America Industry Attractiveness Analysis by Material, 2024 to 2034
Figure 08: North America Industry Share and BPS Analysis by Type, 2024 & 2034
Figure 09: North America Industry Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 10: North America Industry Attractiveness Analysis by Type, 2024 to 2034
Figure 11: North America Industry Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 12: North America Industry Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 13: North America Industry Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 14: North America Industry Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 15: North America Industry Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 16: North America Industry Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 17: North America Industry Share and BPS Analysis by Country, 2024 & 2034
Figure 18: North America Industry Y-o-Y Growth Projections by Country, 2024 to 2034
Figure 19: North America Industry Attractiveness Analysis by Country, 2024 to 2034
Figure 20: United States Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 21: United States Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 22: United States Industry Value Y-o-Y Growth and Forecast, 2034
Figure 23: United States Industry Incremental $ Opportunity, 2024 to 2034
Figure 24: United States Industry Share and BPS Analysis by Material, 2024 & 2034
Figure 25: United States Industry Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 26: United States Industry Attractiveness Analysis by Material, 2024 to 2034
Figure 27: United States Industry Share and BPS Analysis by Type, 2024 & 2034
Figure 28: United States Industry Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 29: United States Industry Attractiveness Analysis by Type, 2024 to 2034
Figure 30: United States Industry Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 31: United States Industry Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 32: United States Industry Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 33: United States Industry Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 34: United States Industry Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 35: United States Industry Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 36: Canada Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 37: Canada Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 38: Canada Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 39: Canada Industry Incremental $ Opportunity, 2024 to 2034
Figure 40: Canada Industry Share and BPS Analysis by Material, 2024 & 2034
Figure 41: Canada Industry Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 42: Canada Industry Attractiveness Analysis by Material, 2024 to 2034
Figure 43: Canada Industry Share and BPS Analysis by Type, 2024 & 2034
Figure 44: Canada Industry Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 45: Canada Industry Attractiveness Analysis by Type, 2024 to 2034
Figure 46: Canada Industry Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 47: Canada Industry Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 48: Canada Industry Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 49: Canada Industry Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 50: Canada Industry Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 51: Canada 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 is the market value of industrial fasteners in North America?
Sales of industrial fasteners in North America are estimated at US$ 3.55 billion in 2024.
What are the projected sales of industrial fasteners in North America or 2034?
Demand for industrial fasteners in North America is forecasted to reach a market value of US$ 6.01 billion by 2034.
What is the estimated CAGR of the North American market?
The market in North America is predicted to increase at a CAGR of 5.4% from 2024 to 2034.
What is the forecasted market value of stainless steel industrial fasteners in North America?
Sales of stainless steel industrial fasteners in North America are projected to reach US$ 3.06 billion by 2034.
How big is the United States market in 2024?
The United States market is pegged at US$ 3.17 billion for 2024.
Who are the top producers of industrial fasteners in North America?
Leading companies in North America are Illinois Tool Works Inc., LISI Group, and ARaymond Industrial.
Industrial Fastener Industry Analysis in North America