A fresh report has placed a value on the industrial fasteners market and predicts a CAGR of 4.23% from 2026 to 2031.
According to Mordor Intelligence, the industrial fasteners market size is US$92.13 billion (£68 billion or €79 billion), in 2026. In 2031, that total is forecast to hit US$113.33 billion (£83.90 billion or €98 billion).
The report evolving modern manufacturing requirements – lightweight material adoption, corrosion-resistant coating and precision fastening solutions as drivers of growth. Increasing adoption of automation and EV manufacturing are key factors too, we’re told, in both developed and emerging economies. The expansion of offshore wind projects is also building demand for industrial fasteners, noting this is “also encouraging localised manufacturing near key offshore project hubs to reduce supply delays and improve delivery efficiency”.
Mordor also notes stricter seismic safety regulations in regions, including North America and Japan, are increasing the need for high-strength structural bolts in critical construction projects. Updated building codes are encouraging the use of pretensioned, high-performance fastening systems designed for improved load resistance and structural stability in seismic zones. This shift is also pushing contractors to adopt better traceability practices and more advanced quality verification methods. As a result, manufacturers with strong metallurgical capabilities and in-house testing facilities are gaining a competitive advantage in this evolving regulatory environment.
"The industrial fasteners market continues to reflect steady demand across manufacturing, construction, and transportation sectors, with procurement decisions increasingly shaped by supply chain resilience and material cost considerations. Mordor Intelligence combines structured primary research, consistent market tracking, and cross-sector validation to deliver commercially grounded insights executives can assess with confidence," said Ashish Gautam, Senior Research Manager, Mordor Intelligence.
