North America Industrial Fasteners Market Size & Outlook
North America industrial fasteners market, 2018-2030 (US$M)
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North America industrial fasteners market highlights
- The North America industrial fasteners market generated a revenue of USD 22,160.9 million in 2022.
- The market is expected to grow at a CAGR of 3.4% from 2023 to 2030.
- In terms of segment, metal was the largest revenue generating raw material in 2022.
- Plastic is the most lucrative raw material segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 22,160.9 million |
| Market revenue in 2030 | USD 29,034.7 million |
| Growth rate | 3.4% (CAGR from 2022 to 2030) |
| Largest segment | Metal |
| Fastest growing segment | Plastic |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Metal, Plastic |
| Key market players worldwide | Wurth Group, Lisi SA, Nifco Inc, Illinois Tool Works Inc, Stanley Black & Decker, Berkshire Hathaway Inc Class A, Arconic, Acument Global Technologies, ATF, MW Industries, Birmingham Fastener, Elgin Fastener Group, Rockford Fastener, Slidematic Products, Manufacturers Associates, Eastwood Manufacturing, Brunner Manufacturing, Penn Engineering, EJOT, KOVA Fasteners |
Other key industry trends
- In terms of revenue, North America region accounted for 24.2% of the global industrial fasteners market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 63,519.6 million by 2030.
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Industrial Fasteners Market Scope
Industrial Fasteners Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America industrial fasteners market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial fasteners market will help companies and investors design strategic landscapes.
Metal was the largest segment with a revenue share of 88.87% in 2023. Horizon Databook has segmented the North America industrial fasteners market based on metal, plastic covering the revenue growth of each sub-segment from 2018 to 2030.
In North America, the U.S. has been dominating the fasteners industry in terms of consumption owing to the presence of a wide manufacturing base of automotive, electronics, and aerospace companies. The country is one of the largest markets for aerospace manufacturing and MRO, with the presence of major industry players including Boeing, Lockheed Martin, and GE Aviation.
The aforementioned factor has resulted in a high demand for industrial fasteners in the region. The U.S. is also one of the largest automotive producers in the world, which makes it a key consumer of automotive fasteners.
The presence of a large number of automotive companies including General Motors, Ford Motor, Fiat, Chrysler Automobiles, Toyota Motor Corporation, Tesla Motors, and AM General in the region is expected to have a positive impact on the market growth over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America industrial fasteners market , including forecasts for subscribers. This continent databook contains high-level insights into North America industrial fasteners market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America industrial fasteners market size, by country, 2018-2030 (US$M)
North America Industrial Fasteners Market Outlook Share, 2023 & 2030 (US$M)
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