Market Analysis and Insights: Global Fasteners Market

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.

Due to the COVID-19 pandemic, the global Fasteners market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2029 with a CAGR of % during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Steel Fasteners accounting for % of the Fasteners global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Automotive segment is altered to an % CAGR throughout this forecast period.

In the Chinese market, the main fastener manufacturers include Shanghai Jiyou, GEM-YEAR, BOLTUN, Changshu City Standard Part, Xingyi Fasteners, Jiaxing Brothers Standard Parts, Weifeng, Zhejiang Zhapu, Shanghai Jianxin Metal Products and Dongwei Enterprise.

Global Fasteners Scope and Market Size

The global Fasteners market is segmented by company, region (country), material and application. Players, stakeholders, and other participants in the global Fasteners 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), material and application for the period 2018-2029.

Segment by Material

Steel Fasteners

Cooper Fasteners

Aluminum Fasteners

Other Material


Segment by Application


Automotive

Machinery

Construction

MRO

Other

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


Shanghai Prime Machinery

Gem-Year

Boltun

Changshu City Standard Parts

Xingyi Fasteners

Jiaxing Brother

Ningbo Jinding

Zhejiang Zhapu

Tianbao Fastener

Tong Hwei

Ruibiao

SHBC

Xinxing Fasteners