External Thread Fasteners Market size was valued at USD 16.50 Billion in 2022 and is projected to reach USD 24.30 Billion by 2030, growing at a CAGR of 5.30% from 2024 to 2030.
The external thread fasteners market has witnessed significant growth over the past few years due to increased demand across various industries. External thread fasteners, which include bolts, screws, nuts, and studs, are used for joining two or more parts together and play a critical role in ensuring the structural integrity and reliability of mechanical assemblies. The market is influenced by the expansion of key industries such as automotive, machinery, construction, and maintenance, repair, and operations (MRO), which require these fasteners for their daily operations. As industries continue to evolve, the demand for high-performance, durable, and cost-effective external thread fasteners has escalated. Additionally, the rise of automation and advanced manufacturing processes has further boosted the adoption of these products in several sectors.
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The automotive industry is one of the largest consumers of external thread fasteners. Fasteners in this sector are critical for assembling vehicles, from the chassis and engine components to interior features and electrical systems. External thread fasteners such as bolts and screws are used to secure various parts of the vehicle, ensuring they remain durable and secure under high stress and varying environmental conditions. As the automotive industry shifts towards electric vehicles (EVs) and autonomous driving technologies, the demand for specialized fasteners has increased, with a focus on lightweight materials and enhanced performance in high-temperature and high-vibration environments. The ongoing trend of vehicle electrification also brings new opportunities for fastener manufacturers to provide tailored solutions for batteries, powertrains, and electronics.In addition to the increasing demand from traditional vehicle production, the automotive industry is also evolving in terms of repair and maintenance services. External thread fasteners play a pivotal role in the aftermarket, where they are used in repairs, upgrades, and part replacements for vehicles. The growing automotive aftermarket, particularly in emerging markets, is expected to drive continued demand for these fasteners. Moreover, the rise in electric vehicle production is influencing the types of materials used in external thread fasteners, with a shift towards corrosion-resistant and non-magnetic materials to suit the specific needs of EVs, including battery pack installations and electric motors. This will create new market opportunities for companies specializing in advanced fasteners and materials.
The machinery sector relies heavily on external thread fasteners for assembling and maintaining complex machinery used in manufacturing, agriculture, mining, and industrial applications. Fasteners in this segment are crucial for securing parts that endure heavy loads, vibrations, and high-stress environments. The growth of industries like manufacturing, where machinery is used in automation, fabrication, and production lines, continues to drive the demand for external thread fasteners. In addition to traditional machines, the rise of robotics and smart manufacturing solutions is increasing the need for precision fasteners, which can meet high standards of quality, strength, and durability. For instance, industrial robots, which are increasingly used for precision work, require secure fastenings to ensure smooth and safe operations.As machinery becomes more advanced and automated, the need for specialized fasteners is expected to rise. These include fasteners that can withstand extreme temperatures, pressures, and corrosive environments. The introduction of Industry 4.0 and the proliferation of advanced robotics, artificial intelligence, and 3D printing are creating additional demand for high-performance fasteners. The increase in customized machinery, including automation and additive manufacturing, requires tailored fastening solutions. This has opened the door for innovative external thread fasteners that cater to these evolving technological needs, contributing to the growth of the market in the machinery sector.
In the construction industry, external thread fasteners are essential for a wide range of applications, including the assembly of structural components, framing, and installation of equipment. These fasteners are used in concrete, wood, and metal construction to provide strength, stability, and safety in buildings, bridges, and other infrastructure projects. The construction industry's rapid growth, particularly in emerging markets, has significantly boosted the demand for external thread fasteners. As construction projects grow more complex, with an emphasis on sustainability and high-performance buildings, there is a rising need for advanced materials and fasteners that offer enhanced strength, resistance to corrosion, and versatility in extreme environments. The trend towards prefabrication and modular construction also requires fasteners that are easy to install and remove while maintaining long-term reliability.The growing adoption of green building standards and the need for eco-friendly materials are pushing the construction industry towards the use of sustainable, lightweight, and durable fasteners. External thread fasteners must also meet higher standards for fire resistance, load-bearing capabilities, and seismic safety, all of which are key considerations for modern construction projects. Additionally, the growth of urbanization and the rise in infrastructure development in developing nations present significant opportunities for external thread fasteners, with the construction sector projected to remain one of the primary drivers of market growth.
The MRO segment is a critical application for external thread fasteners, as they are commonly used in maintenance, repair, and operational activities across various industries, including automotive, aerospace, energy, and industrial machinery. In MRO activities, fasteners are essential for replacing worn-out or damaged components, ensuring that machines, vehicles, and structures operate efficiently and safely. Fasteners used in this segment need to be durable, reliable, and easy to source, as any downtime in equipment can result in substantial costs. The MRO sector is characterized by its focus on ongoing repair and part replacement, often requiring fasteners that are standardized and readily available to prevent operational delays.The ongoing need for repair and maintenance in aging infrastructure and machinery provides sustained demand for external thread fasteners in the MRO market. Additionally, the increasing focus on equipment longevity and preventative maintenance is driving the need for high-quality fasteners that can extend the life of critical assets. The demand for fasteners in this segment is also influenced by technological advancements, including predictive maintenance and smart monitoring systems that require highly precise fastening solutions. As industries continue to focus on asset management and lifecycle optimization, the MRO market for external thread fasteners is expected to grow, driven by the need for fast, reliable, and cost-effective solutions.
The "Others" category in the external thread fasteners market includes various niche applications where fasteners are used outside of the primary sectors like automotive, machinery, construction, and MRO. These applications can span industries such as aerospace, electronics, and renewable energy, among others. In aerospace, for example, fasteners are used in the assembly of aircraft and spacecraft, where they must meet stringent safety, durability, and performance standards. Similarly, in electronics, external thread fasteners are required for assembling consumer devices, telecommunications equipment, and industrial electronics, where precision and reliability are paramount. The renewable energy sector, particularly in wind and solar power, also presents opportunities for external thread fasteners, as these systems require robust fasteners to ensure the integrity and efficiency of renewable energy installations.In addition to traditional sectors, there is an increasing trend towards fasteners used in high-tech and specialized industries. For instance, the development of smart materials and energy-efficient systems has spurred the need for innovative fastening solutions that can handle specific demands, such as resistance to extreme temperatures or pressure. As these industries continue to evolve, there will be an increasing need for external thread fasteners that can meet unique specifications. This offers opportunities for fastener manufacturers to diversify their product offerings and target emerging markets with custom solutions tailored to the needs of advanced and niche sectors.
The external thread fasteners market is experiencing several key trends that are shaping its future trajectory. One of the most notable trends is the increasing demand for high-performance materials. With industries such as automotive, aerospace, and construction requiring fasteners that can withstand extreme conditions, there is a growing emphasis on materials such as stainless steel, titanium, and high-strength alloys. These materials offer superior resistance to corrosion, heat, and mechanical stress, making them ideal for demanding applications.
Another significant trend is the rising adoption of automation and robotics in manufacturing processes. As industries move towards more automated and precise manufacturing techniques, there is a growing demand for fasteners that can meet the needs of these advanced systems. This has led to innovations in fastener design and materials, with manufacturers focusing on improving efficiency and performance. Additionally, the development of 3D printing technology has allowed for the creation of customized fasteners, further driving the market's growth as industries seek solutions tailored to their specific requirements.
The external thread fasteners market presents several opportunities for growth, driven by emerging trends and evolving industry needs. One of the key opportunities lies in the growing demand for electric vehicles (EVs) and renewable energy systems. As these industries expand, the need for specialized fasteners that can withstand high temperatures, corrosion, and vibrations is expected to rise. Manufacturers who can provide customized fasteners for these applications are well-positioned to capitalize on the market's growth. Furthermore, the increasing trend towards modular construction and prefabrication in the building sector creates a need for fasteners that are easy to install and remove, creating further opportunities for innovation and market expansion.
Another opportunity lies in the expanding aftermarket sector, particularly within automotive and machinery industries. As the global vehicle fleet ages, there will be a growing demand for replacement fasteners in maintenance and repair activities. Companies that can supply durable, cost-effective fasteners for these purposes stand to benefit significantly. Additionally, with the rise of 3D printing and other advanced manufacturing techniques, there is potential for fastener manufacturers to explore new avenues for product customization and efficiency, driving further opportunities in niche markets.
What are external thread fasteners? External thread fasteners are mechanical
Top External Thread Fasteners Market Companies
Fastenal
KAMAX
Acument Global Technologies
Dokka Fasteners
Arconic
Gem-Year
Infasco
Marmon
Stanley Black & Decker
Nucor Fastener
CISER
LISI Group
Sundram Fasteners
TR Fastenings
Shanghai Tianbao Fastener Manufacturing
Cooper & Turner
Ganter
XINXING FASTENERS
ATF
Oglaend System
Nitto Seiko Co.
Ltd.
Penn Engineering
Big Bolt Nut
Regional Analysis of External Thread Fasteners Market
North America (United States, Canada, and Mexico, etc.)
Asia-Pacific (China, India, Japan, South Korea, and Australia, etc.)
Europe (Germany, United Kingdom, France, Italy, and Spain, etc.)
Latin America (Brazil, Argentina, and Colombia, etc.)
Middle East & Africa (Saudi Arabia, UAE, South Africa, and Egypt, etc.)
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External Thread Fasteners Market Insights Size And Forecast