North America Industrial Fasteners Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

North America Industrial Fasteners Market Analysis

The North America Industrial Fasteners Market size is estimated at USD 21.37 billion in 2025, and is expected to reach USD 25.08 billion by 2030, at a CAGR of 3.25% during the forecast period (2025-2030).

The North American industrial fasteners market is experiencing significant transformation driven by technological advancements in manufacturing processes and materials. Industrial fasteners, serving as critical components in hardware equipment, are increasingly being designed with both permanent and semi-permanent applications in mind, offering enhanced flexibility in assembly and disassembly operations. The fastener industry has witnessed substantial innovation in material science, particularly in the development of aluminum alloys incorporating elements like iron, copper, manganese, and magnesium, though these advances have necessitated sophisticated coating solutions to address corrosion challenges.

The market landscape is being reshaped by evolving manufacturing technologies and production methodologies. Cold forming has emerged as a modern alternative to traditional machining, offering advantages such as optimal material utilization, high output capabilities, superior dimensional accuracy, and enhanced surface quality. This manufacturing approach has proven particularly beneficial for mass production scenarios, enabling the production of hundreds of screws per minute through advanced threading processes. The industry has also seen significant developments in hot forming techniques, which are particularly valuable for manufacturing larger diameter and longer pieces, approximately reaching 27 meters and 300 millimeters respectively.

The distribution landscape for industrial fasteners manufacturers has undergone substantial evolution, with many vendors implementing strategic growth initiatives through acquisitions and expansions. For instance, Birmingham Fastener's acquisition of Steel City Bolt & Screw has enabled the doubling of domestic production capacity for industrial components such as screws and bolts, demonstrating the industry's focus on expanding local manufacturing capabilities. The fasteners market has also witnessed increased emphasis on specialized fastening solutions, particularly in critical applications such as aerospace and medical equipment manufacturing, where precision and reliability are paramount.

The industry is witnessing a notable shift toward sustainable and eco-friendly manufacturing processes. According to the US Census Bureau, the construction spending in April 2022 was estimated at a seasonally adjusted annual rate of USD 1,744.8 billion, indicating robust demand from the construction sector. This growth has prompted manufacturers to focus on developing environmentally conscious production methods and corrosion-resistant solutions. The market has also seen increased adoption of digital technologies in manufacturing processes, with approximately 64% of manufacturers now utilizing AI in their daily operations, according to Google Cloud, reflecting the industry's commitment to modernization and efficiency improvements.

North America Industrial Fasteners Market Trends

Growth of the Construction Sector

The rapid urbanization in North America is driving significant demand for infrastructure development, creating substantial opportunities for the construction fasteners market across construction applications. According to World Bank estimates, the degree of urbanization in the United States is expected to reach 89.16% by 2050, necessitating extensive development of residential spaces, metro rails, airports, and other critical infrastructure. This trend is further bolstered by major government initiatives, particularly the $1.2 trillion infrastructure bill signed in November 2021, which includes $40 billion specifically allocated for bridge repair, rehabilitation, and replacement—representing the largest dedicated bridge infrastructure investment since the interstate highway system construction.

The construction sector's growth trajectory is evidenced by increasing commercial construction activities and new project initiations across the region. For instance, in January 2023, construction efforts began with $463 million worth of projects in Louisiana, adding 8.3 miles of elevated highway. Industrial fasteners play an essential role in these developments, being crucial for fixing structural joints in the construction of dams, bridges, and other large-scale infrastructure. The demand is particularly strong for high-strength carbon steel fasteners, which provide the necessary strength, corrosion resistance, and durability required for construction applications. Additionally, low loan rates and robust demand for larger homes continue to boost the residential construction sector, further driving the need for various types of construction fasteners market.

Development of Anti-Corrosion Techniques

The evolution of anti-corrosion technologies has become a crucial driver for the industrial fasteners market, addressing the significant challenge of material degradation that represents approximately 3.4% of global GDP in annual costs, according to the National Association of Corrosion Engineers. Major innovations in this space include the development of advanced coating processes and materials that substantially extend fastener lifespan and performance. For instance, in May 2022, BAN-ZI North America introduced Killer PRO, an innovative water-based rust conversion coating developed and manufactured in Japan, demonstrating the industry's commitment to advancing anti-corrosion solutions.

The industry has witnessed significant investments in research and development of anti-corrosion technologies, with companies introducing breakthrough solutions. Notable developments include EonCoat's spray-applied carbon steel treatment that permanently prevents corrosion and comes with a 30-year warranty. The solution features a unique dual-component system that creates a chemical bond with carbon steel, offering rapid curing times of just 15 minutes. Additionally, companies like Cor-Pro Systems Inc. have expanded their anti-corrosion offerings to include various solutions such as epoxy coatings, urethane coatings, zinc primers, and thermal-cured thin films, providing comprehensive protection options for different industrial applications. These advancements have attracted new market entrants, as evidenced by Modumetal, a Seattle-based anti-rust startup, securing $14 million in Series A-2 funding to develop innovative anti-corrosive liquid coatings for the automotive industry.

Increasing Investment in the Automotive and Aviation Sector

The automotive and aviation sectors are experiencing substantial growth driven by increasing investments and technological advancements, creating robust demand for industrial fasteners. In the automotive sector, the shift toward electric vehicles has sparked new investments, particularly in Canada where major manufacturers are expanding their operations. For instance, LG Energy Solution and Stellantis announced plans to establish Ontario's first large-scale electric vehicle battery manufacturing plant, with investments exceeding CAD 5 billion. Similarly, General Motors has received government support for multi-billion-dollar investments in two plants in Ingersoll and Oshawa, focusing on commercial electric vehicle production.

The aviation sector has also witnessed significant investment momentum, particularly in infrastructure development and manufacturing capabilities. The American Jobs Plan introduced $25 billion in funding specifically for airport infrastructure development, creating substantial opportunities for industrial fastener manufacturers. Major aerospace manufacturers are expanding their production capabilities, as evidenced by Airbus's announcement to increase the production rate of A320 family aircraft at its US manufacturing facility. These investments are driving demand for specialized aerospace-grade fasteners that can withstand extreme pressures and temperatures. The industry's focus on lightweight materials and advanced manufacturing processes has led to increased demand for high-performance fasteners, particularly in applications requiring superior strength-to-weight ratios and exceptional reliability under extreme conditions. This trend is further supported by the growing automotive fastener market, which is adapting to the evolving needs of electric vehicle production.

Segment Analysis: By Material

Metal Segment in North America Industrial Fasteners Market

The metal fasteners market dominates the North American industrial fasteners market, commanding approximately 89% market share in 2024. Metal fasteners, particularly those manufactured from steel, aluminum alloys, and stainless steel, continue to be the preferred choice across various end-user industries due to their superior strength, durability, and reliability. The segment's dominance is primarily driven by extensive usage in critical applications within the automotive, aerospace, construction, and heavy machinery sectors where high tensile strength and structural integrity are paramount. Metal fasteners are especially crucial in applications requiring resistance to extreme temperatures, pressures, and mechanical stress. The development of advanced anti-corrosion coatings and surface treatment technologies has further enhanced the performance and longevity of metal fasteners, making them indispensable in industrial applications.

Plastic Segment in North America Industrial Fasteners Market

The plastic fasteners market is emerging as the fastest-growing category in the North American industrial fasteners market, projected to grow at approximately 4% CAGR from 2024 to 2029. This growth is primarily driven by increasing adoption in automotive, electronics, and consumer goods industries where lightweight solutions and electrical insulation properties are crucial. Plastic fasteners are gaining traction due to their corrosion resistance, chemical inertness, and ability to reduce overall product weight. The segment's growth is further supported by technological advancements in engineering plastics, particularly in developing high-performance materials like polyamide, polyethylene, and polycarbonate that offer improved strength-to-weight ratios and thermal stability. The rising focus on sustainability and recyclability in manufacturing processes is also contributing to the increased adoption of plastic fasteners across various industrial applications.

Segment Analysis: By Grade

Standard Segment in North America Industrial Fasteners Market

The standard fasteners segment dominates the North American industrial fasteners market, commanding approximately 81% market share in 2024. Standard fasteners, which include common industrial components like square and hex bolts, cap screws, carriage bolts, plow bolts, lag screws, studs, nuts, and rivets, have been standardized over time in terms of type, style, usage, characteristics, dimensions, and tolerances. These fasteners are manufactured primarily using alloy steels and low-carbon steel when moderate strength is required. The segment's dominance can be attributed to the high volume usage across various applications including vehicle assembly and maintenance, farm equipment, construction equipment, industrial and plant machinery, furniture, and toys. The widespread availability through distributors and manufacturers, coupled with their cost-effectiveness due to standardized manufacturing processes, has further strengthened their market position.

High-Performance Segment in North America Industrial Fasteners Market

The high-performance fasteners segment is experiencing rapid growth in the North American industrial fasteners market, projected to grow at approximately 6% during 2024-2029. This growth is driven by increasing demand from critical applications in aerospace, automotive, and heavy industries where fasteners must withstand extreme conditions. High-performance fasteners are manufactured using premium materials like titanium, brass, bronze, and specialized alloys to provide exceptional durability and strength. The segment's growth is further fueled by the expanding aerospace industry, where these fasteners are essential for aircraft components that must endure tremendous pressures and temperatures. The rising adoption of electric vehicles and the increasing focus on lightweight, high-strength materials in automotive applications are also contributing to the segment's expansion. Additionally, the growing emphasis on safety and reliability in industrial applications has led to increased adoption of high-performance fasteners in critical infrastructure projects.

Segment Analysis: By Type

Externally Threaded Segment in North America Industrial Fasteners Market

The externally threaded fasteners segment dominates the North American industrial fasteners market, holding approximately 52% market share in 2024. This significant market position is driven by the extensive use of externally threaded fasteners like bolt market, screws, and studs across heavy-duty industrial applications, particularly in construction, automotive manufacturing, and machinery sectors. These fasteners are primarily utilized for applications requiring high strength and durability, with many manufacturers offering specialized coatings and materials to enhance corrosion resistance and performance. The segment's dominance is further reinforced by the increasing demand from the automotive sector, where externally threaded fasteners are essential components in vehicle assembly, and the growing construction industry, which relies heavily on these fasteners for structural applications.

Application Specific Segment in North America Industrial Fasteners Market

The application-specific fasteners segment is projected to exhibit the fastest growth rate of approximately 3.4% during the forecast period 2024-2029. This growth is primarily driven by the increasing demand for customized fastening solutions across specialized industries such as aerospace, medical equipment, and high-tech manufacturing. The segment's expansion is supported by advancements in manufacturing technologies that enable the production of fasteners with precise specifications and unique geometrical dimensions. The rising adoption of application-specific fasteners in critical applications, particularly in the aerospace industry where high-performance and specialized fastening solutions are required, is further accelerating segment growth. Additionally, the growing focus on lightweight materials and complex assembly requirements in various industries is creating new opportunities for application-specific fasteners.

Remaining Segments in North America Industrial Fasteners Market By Type

The internally threaded and non-threaded segments complete the market landscape for industrial fasteners in North America. Internally threaded fasteners, including various types of nuts and threaded inserts, play a crucial role in conjunction with externally threaded fasteners across multiple industrial applications. These components are essential for creating secure mechanical joints in manufacturing and construction applications. The non-threaded segment, comprising products such as pins, rivets, and retaining rings, serves specific applications where traditional threaded fasteners may not be suitable or where permanent joining solutions are required. Both segments continue to evolve with technological advancements and changing industry requirements, particularly in response to new materials and assembly techniques being adopted across various sectors.

Segment Analysis: By End-User Application

OEM Segment in North America Industrial Fasteners Market

The Original Equipment Manufacturer (OEM) segment dominates the North American Industrial Fasteners market, commanding approximately 82% of the total market share in 2024. This substantial market presence is driven by the segment's diverse applications across multiple industries including automotive, aerospace, machinery, electrical and electronic goods, fabricated metal, and medical equipment manufacturing. The automotive sector, particularly the growing electric vehicle segment, represents a significant portion of OEM fastener demand, while the aerospace industry's continuous technological advancements and stringent safety requirements maintain steady demand for high-performance fasteners. The segment's strength is further reinforced by ongoing industrial automation trends and the increasing focus on lightweight, durable materials in manufacturing processes.

Construction Segment in North America Industrial Fasteners Market

The Construction segment is emerging as the fastest-growing segment in the North American Industrial Fasteners market, projected to grow at approximately 4% from 2024 to 2029. This growth is primarily driven by extensive infrastructure development projects across North America, including the modernization of bridges, highways, and public transportation systems. The segment's expansion is further supported by the increasing adoption of advanced construction technologies and the growing demand for sustainable building practices that require specialized fastening solutions. The trend toward prefabricated construction methods and modular building systems is also creating new opportunities for innovative fastening solutions, while stringent safety regulations in the construction industry continue to drive the demand for high-quality, certified fastening products.

Remaining Segments in End-User Application

The Maintenance, Repair, and Operations (MRO) segment plays a crucial role in the North American Industrial Fasteners market by supporting the ongoing operational needs of existing infrastructure and equipment. This segment serves various industries including manufacturing facilities, power plants, and transportation systems, providing essential fastening solutions for equipment maintenance and repairs. The MRO segment's importance is highlighted by its role in ensuring continuous operations and preventing downtime in critical industrial processes. The segment's growth is supported by the increasing focus on preventive maintenance practices and the adoption of predictive maintenance technologies across various industries, which drives the demand for reliable fastening solutions.

North America Industrial Fasteners Market Geography Segment Analysis

North America Industrial Fasteners Market in United States

The United States dominates the North American industrial fasteners market, commanding approximately 82% market share in 2024. The country's robust manufacturing sector, contributing significantly to its GDP, continues to drive substantial demand for U.S. industrial fasteners. The presence of major automotive, aerospace, and military sectors has created concentrated hubs of fastener manufacturers around these key purchasers. The market is witnessing significant transformation with the increasing adoption of electric vehicles and the government's focus on infrastructure development. The country's emphasis on technological advancement in fastener manufacturing, including the development of innovative coating processes and materials, has maintained its competitive edge. The integration of digital solutions and e-commerce platforms by major distributors has revolutionized the fastener supply chain, making product sourcing more efficient and accessible for end-users. Additionally, the growing focus on sustainable manufacturing practices and the development of eco-friendly fastening solutions has positioned the United States as a pioneer in industry innovation.

North America Industrial Fasteners Market in Canada

Canada represents the fastest-growing market in the North American industrial fasteners industry, with a projected CAGR of approximately 4% from 2024 to 2029. The country's industrial fastener market is experiencing remarkable transformation, particularly driven by the burgeoning electric vehicle manufacturing sector. The establishment of new EV manufacturing facilities by global automotive giants has created substantial opportunities for industrial fastener suppliers and manufacturers. The country's aerospace sector continues to be a significant contributor to market growth, with numerous established aerospace enterprises and fastener manufacturers maintaining a strong presence. The government's commitment to upgrading aerospace infrastructure and defense capabilities has further stimulated market expansion. The increasing focus on sustainable manufacturing practices and the adoption of advanced materials in fastener production has positioned Canada as an innovative force in the regional market. Moreover, the country's strategic investments in construction and infrastructure development projects have created sustained demand for various types of industrial fixings.

North America Industrial Fasteners Market in Other Markets

Beyond the United States and Canada, the North American industrial fasteners market extends to Mexico and other territories, though these are not specifically covered in the scope of this analysis. The broader North American market benefits from integrated supply chains, shared technological advancements, and common industrial standards across these regions. The interconnected nature of the automotive, aerospace, and construction industries across North America creates opportunities for market expansion and technological collaboration. Regional trade agreements and partnerships facilitate the movement of industrial fasteners and related technologies across borders, enabling manufacturers and distributors to serve a wider market. The growing emphasis on sustainable manufacturing practices and the adoption of advanced materials and coating technologies continues to shape the evolution of the industrial fasteners market throughout the region. Furthermore, the increasing digitalization of supply chains and the adoption of e-commerce platforms are transforming how industrial fasteners are distributed and sold across these markets.