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The India fasteners market is experiencing consistent growth, led by the fast pace of growth in industries like automotive, construction, manufacturing, and electronics
Fasteners Market in India 2025:
How Big is the India Fasteners Industry?
The India fasteners market size reached USD 10.73 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 16.25 Billion by 2033, exhibiting a growth rate (CAGR) of 4.72% during 2025-2033.
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 10.73 Billion
Market Size in 2033: USD 16.25 Billion
Market Growth Rate (CAGR) 2025-2033: 4.72%
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India Fasteners Market Trends and Drivers:
The India fasteners market is experiencing consistent growth, led by the fast pace of growth in industries like automotive, construction, manufacturing, and electronics. In essence, the fast-growing rate of infrastructure development like roads, railways, bridges, airports, and smart cities is strongly driving the demand for high-strength fasteners in structural applications. Alongside, the automotive sector also remains a major consumer of fasteners, with the addition of higher vehicle production, electric vehicles, and the demand for lighter and more fuel-efficient parts. Further, initiatives by the government such as "Make in India," Production Linked Incentive (PLI) scheme, and foreign direct investment inflows are encouraging domestic production, directly increasing the demand for industrial fasteners. Furthermore, with the increasing focus on exports and global supply chain integration, producers are enhancing product quality and international standards compliance. In addition to this, the aerospace, telecom, white goods, and construction equipment industries are increasingly using high-performance and specialty fasteners for durability and operational efficiency.
Furthermore, the transition towards modular construction and pre-engineered buildings is also driving the application of specialized and high-tensile fasteners, which provide greater load-carrying capability and ease of assembly. The increasing trend of automation and precision engineering within the manufacturing industry is also having an impact on demand for sophisticated fastener solutions. Other than that, the growth of consumer electronics and appliances is driving the demand for compact and application-specific fasteners with high bonding strength and good appearance. Concurrently, producers are investing in advanced coating technologies to make corrosion-resistant and environment-friendly fasteners that cater to varied industrial conditions. In addition, the development of organized distribution networks and web platforms is easing procurement and enhancing availability throughout geographies, such as tier 3 and tier 2 cities. Moreover, increasing awareness regarding the significance of quality fastening solutions in safety-critical applications is transforming customer preference towards branded and certified products. In addition, the emergence of intelligent fasteners with sensors and tracking features for predictive maintenance and quality assurance is increasingly picking up steam. Overall, a mix of industrial growth, infrastructure development, increasing exports, government support, and changing technology trends is propelling the vibrant growth of the Indian fasteners market and making it an essential cog in the nation's manufacturing and construction ecosystem.
India Fasteners Industry Segmentation:
The report has segmented the market into the following categories:
Product Insights:
Internally Threaded
Non Threaded
Externally Threaded
Sales Channel Insights:
Online
Offline
End Use Insights:
Automotive
Building and Construction
Aerospace
Machinery
Electronics
Others
Regional Insights:
North India
South India
East India
West India
Top Players Analysis:
The report provides a detailed analysis of the competitive environment. It covers various aspects such as market structure, positioning of key players, top strategies for success, a competitive dashboard, and a company evaluation quadrant. Furthermore, the report includes comprehensive profiles of all major companies.
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Other Key Points Covered in the Report:
COVID-19 Impact on the Market
Porter's Five Forces Analysis
Strategic Recommendations
Market Dynamics
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Top Winning Strategies
Recent Industry News
Key Technological Trends & Development
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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