Global Industrial Standard Fastener Sales Market Report 2021

A fastener is a hardware device that mechanically joins or affixes two or more objects together. In general, fasteners are used to create non-permanent joints; that is, joints that can be removed or dismantled without damaging the joining components. Welding is an example of creating permanent joints.
Fasteners can also be used to close a container such as a bag, a box, or an envelope; or they may involve keeping together the sides of an opening of flexible material, attaching a lid to a container, etc. There are also special-purpose closing devices, e.g. a bread clip.
Some types of woodworking joints make use of separate internal reinforcements, such as dowels or biscuits, which in a sense can be considered fasteners within the scope of the joint system, although on their own they are not general purpose fasteners.
Industrial standard fastener including nuts, bolts, and screws are used to join or fix two or more objects together. These products are expected to witness significant demand over the upcoming years as they increase the durability of the joined parts, and can be used on different kinds of substrates such as Steel, Cooper, Aluminum, etc. Steel Fasteners dominate the market with market share nearly 90%.
Fasteners are used in automotive, electric & electronics, machinery, construction, MRO and other industry. The most proportion of fasteners is used in automotive, and the market share in 2019 is nearly 24% and the proportion of electric & electronics in 2019 is about 18%
Asia Pacific is the largest consumption region of industrial standard fastener, enjoying consumption market share nearly 47% in 2019. Europe region is the second largest consumption place of industrial standard fastener, with a consumption market share nearly 25% in 2019.
Market competition is intense, the market concentration is relatively low, Würth, PCC, ITW, Alcoa, Araymond, Aoyama Seisakusho, LISI, STANLEY are the leaders of the industry, and they hold key technologies and patents, with high-end customers; Major companies rely on regional and local distributors to increase their share as well as geographical presence in the market.

Market Analysis and Insights: Global Industrial Standard Fastener Market
The global Industrial Standard Fastener market was valued at US$ 57170 in 2020 and will reach US$ 73180 million by the end of 2027, growing at a CAGR of 4.2% during 2022-2027.

Global Industrial Standard Fastener Scope and Market Size
The global Industrial Standard Fastener market is segmented by company, region (country), by Material, and by Application. Players, stakeholders, and other participants in the global Industrial Standard Fastener market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Material and by Application for the period 2016-2027.

Segment by Material
Steel Industrial Standard Fastener
Cooper Industrial Standard Fastener
Aluminum Industrial Standard Fastener
Other Material

Segment by Application
Automotive Industry
Electric & Electronics
Machinery Industry
Construction Industry
MRO
Others

The Industrial Standard Fastener market is analysed and market size information is provided by regions (countries). Segment by Application, the Industrial Standard Fastener market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.

By Company
Würth
PCC
ITW
Alcoa
Araymond
Aoyama Seisakusho
LISI
STANLEY
Fontana Gruppo
Shanghai PMC (Nedschroef)
KAMAX
Agrati Group
Bossard
Meidoh
Gem-Year
NAFCO
Bulten
Boltun
TR Fastening
Sundram Fasteners
TriMas
Simmonds Marshall