Stainless Steel Fasteners Market Size, Statistics, Growth Trend Analysis, and Forecast Report, 2022 – 2032

Stainless Steel Fasteners Market is segmented by Type (Nuts & Bolts, Screws, Washers, Rivets & Hardware, Others); By Application (Automotive Industry, Electric & Electronics, Machinery Industry, Construction Industry); By Geography (North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Nordic Region, Rest of Europe), Asia Pacific (China, Japan, India, Australia, Rest of Asia Pacific), Latin America (Brazil, Mexico, Rest of Latin America), Middle East & Africa (South Africa, Rest of the Middle East & Africa)

  • Report ID : MD2942
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  • Pages : 220
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  • Tables : 75
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  • Formats :

The global stainless steel fasteners market is expected to grow at a CAGR of 5.5% from 2022 to 2032.
A stainless steel fastener is a piece of hardware used to join two pieces together. Stainless steel fasteners are constructed of chromium and nickel metal alloy. These metals contribute to the fasteners resistance to corrosion and discoloration. Stainless steel fasteners are commonly employed in building projects as well as maritime applications where harsh factors are present. The market is characterized by intense technical improvements aimed at producing improved lightweight items used in automotive and other industrial applications. With technological advancements, the increased need for hybrid fasteners, which combine syringe plastic components with metal parts, is likely to fuel demand.

Heavy usage of bolts and nuts in the automotive and construction industries to drive the market growth
The industrial screws segment dominates the worldwide stainless steel fasteners market by product type. Because of its expanding utilization in the automotive and construction industries, the nuts-and-bolts market is predicted to develop at the fastest CAGR. The increased production of medium and light commercial vehicles, as well as large earth-moving equipment, textile machines, machine tools, airplanes, and utility vehicles, has increased the use of stainless steel fasteners in sub or main assembly parts. The bolt and nut market is fragmented. It is distinguished by fierce rivalry, with both small and major players vying to preserve their respective positions. The majority of high-tensile fasteners are utilized in industrial, automotive, and engineering applications.

Increased Use of Stainless-Steel Fasteners in the Automotive Industry to Fuel Market
The global automotive sector is predicted to expand considerably throughout the forecast period due to an increase in car production. To lower fuel consumption, automakers are continually developing new drivetrains and more efficient engines. To develop cleaner autos, they are implementing emission-control technologies. As a result of the increase in the vehicle sector, demand for automotive fasteners is expected to rise in the near future. Substantial investments in infrastructure and the industrial market have strengthened the groundwork for growth in the engineering and equipment markets. In major markets, consumption of tools, bolts, and fasteners is increasing, moving the stainless-steel fasteners market ahead.

Rising demand for customized products boosts the market growth
Key market participants are focused on supplying stainless steel fasteners that are tailored to the demands of their customers and on manufacturing in accordance with the unique applications of end users. Steel, stainless steel, zinc-plated steel, high-strength steel, brass, and galvanized steel are among the materials used by manufacturers to develop revolutionary goods. Furthermore, market participants have been diversifying their product portfolios through various strategies such as product launches, acquisitions, and product line extensions in order to improve their overall offerings for diverse end-use industries such as power generation, petrochemical, transportation, mining, aerospace & defense, construction, and agriculture. These end customers demand specific stainless-steel fasteners that are appropriate for diverse lengths, temperatures, and operating situations, which is where customization comes in.

Asia Pacific will contribute to a sizable portion of the global industrial fastener market.
During the forecast period, Asia Pacific is expected to account for a significant share of the worldwide stainless steel fasteners market. Economic development in China and India, rising disposable income in the area, and the expansion of the automobile sector are driving the Asia-Pacific stainless steel fasteners market. The expansion of the worldwide construction sector is also fueling stainless steel fastener demand in the Asia Pacific. Furthermore, the growing population and fast urbanization have resulted in a surge in home appliance output, which will fuel product demand throughout the projection period. Europe was the second largest market for stainless steel fasteners, followed by North America, owing to high consumption levels in major application sectors such as construction and automotive due to rising consumer disposable income levels and improving economic conditions in countries such as Germany and the United Kingdom. In 2021, North America had the second-largest revenue share. Because of its large manufacturing base of automotive, electronics, and aerospace businesses, the United States has dominated the stainless-steel fasteners market in North America in terms of consumption, making it the main consumer of automotive fasteners. Over the projection period, the area is predicted to have a favorable influence on the stainless steel fasteners market growth.

Top Companies and Recent Strategic Developments in the Stainless-Steel Fasteners Market
• In January 2022, Hilti AG established a strategic partnership with Track unit, a prominent operator in fleet management services. This collaboration seeks to further the digital revolution by boosting connectivity using Bluetooth technology and increasing the scope of the tool and equipment connectivity sector. It also improves the tool-related data. Furthermore, with this agreement, both organizations want to enhance efficiency and minimize downtime in the sector.
• In August 2022, MSC INDUSTRIAL SUPPLY CO., a leading distributor of metalworking and maintenance, repair, and operations supplies to industrial clients in North America, announced the acquisition of Tower Fasteners, a Holtsville, New York-based value-added distributor of OEM fasteners and components.
• In December 2021, FAIRFIELD, OH — AFC Industries acquired Cinnaminson, New Jersey-based AALL AMERICAN Fasteners (AAF).
• In July 2022, Metl-Span, a renowned leader in the innovation of insulated metal panel technology, introduced the patent-pending V6 X-Span Clip to its array of concealed fastener clips.
• In March 2022, Würth Revcar Fasteners Inc., a subsidiary of Würth Industry North America and a member of the global Würth Group headquartered in Germany, established its headquarters in Roanoke County and to build its single biggest plant in North America. Cushman & Wakefield Inc.
• In April 2022, Stanley Black & Decker announced a formal deal to sell Access Technologies, its automatic doors division, to Allegion Plc for USD 900 million in cash.

Years considered for this report
• Historical Years: 2019-2022
• Base Year: 2021
• Forecast Period: 2022-2032

Stainless Steel Fasteners Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/ projections/ forecast for revenue and unit sales (2022 - 2032)
• Data breakdown for application Industries (2022 - 2032)
• Integration and collaboration analysis of companies
• Capacity analysis with application sector breakdown
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategies adopted by emerging companies

Stainless Steel Fasteners Market Segmentation and Revenue Breakdown
By Type (Revenue, USD Million, 2022 -2032)
• Nuts & Bolts
• Screws
• Washers
• Rivets & Hardware
• Others

By Application (Revenue, USD Million, 2022 -2032)
• Automotive Industry
• Electric & Electronics
• Machinery Industry
• Construction Industry

By Geography Outlook (Revenue, USD Million, 2022 -2032)
• North America (U.S., Canada)
• Europe (Germany, France, U.K., Italy, Spain, Nordic Region, Rest of Europe)
• Asia Pacific (China, Japan, India, Australia, Rest of Asia Pacific)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Middle East & Africa (South Africa, Rest of the Middle East & Africa)

Key Companies
• Acument Global Technologies Inc.
• Hydrobolt Group
• James Glen
• Mudge Fasteners
• American Fastener Technologies Corporation
• Unbrako
• Würth
• Alcoa
• Araymond
• Fontana Gruppo
• Unbrako

Available Versions of Global Stainless Steel Fasteners Market Report:

The United States Stainless Steel Fasteners Market Report
Europe Stainless Steel Fasteners Report
Asia Pacific Stainless Steel Fasteners Market Report
India Stainless Steel Fasteners Market Report

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