Bolt (Fastener) Market Size, Share, Trends, Growth 2034

Bolt (Fastener) Industry Prospective:

The global bolt (fastener) market size was worth around USD 87.56 billion in 2024 and is predicted to grow to around USD 137.29 billion by 2034, with a compound annual growth rate (CAGR) of roughly 4.60% between 2025 and 2034.

Request Free Sample

Bolt (Fastener) Market: Overview

A bolt is a mechanical fastener used for tightly securing two components together. Typically, a bolt is made of a head and a threaded shaft on the opposite side. Bolts are characteristically different from screws because they require a nut to hold the bolts in position and secure the components. The demand for the commonly used mechanical fastener is expected to grow due to multiple factors in the coming years.

For instance, the rising demand for highly functional bolts for space equipment will create more growth opportunities for the industry players. The most common types of bolts include eye bolt, hex bolt, U-bolt, lag bolt, and carriage bolt.

In the coming years, the market players can expect increased demand from the automotive industry as well as heavy machinery. The introduction of more advanced bolts with dynamic applications will be critical to the overall revenue in the sector as end-user requirements continue to evolve.

However, concerns related to raw material availability may challenge the market expansion rate during the projection period.

Key Insights:

• As per the analysis shared by our research analyst, the global Bolt (fastener) market is estimated to grow annually at a CAGR of around 4.60% over the forecast period (2025-2034)
• In terms of revenue, the global bolt (fastener) market size was valued at around USD 87.56 billion in 2024 and is projected to reach USD 137.29 billion by 2034.
• The bolt (fastener) market is projected to grow at a significant rate due to the growing demand for high-functioning bolts in the space exploration industry.
• Based on the product, the externally threaded segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• Based on the end-user industry, the automotive sector segment is anticipated to command the largest market share.
• Based on region, Asia-Pacific is projected to dominate the global market during the forecast period.

Bolt (Fastener) Market: Growth Drivers

Growing demand for high-functioning bolts in the space exploration industry to fuel market expansion

The global bolt (fastener) market is expected to witness high growth due to the growing demand for bolts in the space exploration industry. Fastening equipment used in spacecraft or satellites is produced using special techniques and materials.

Fastening bolts, part of space exploration devices, must withstand hard environmental conditions, including intense atmospheric pressure and cosmic radiation. The demand for specially devised bolts is directly proportional to the increasing assembly of new spacecraft and satellite construction.

Additionally, equipment used by astronauts and space stations is a critical driver of superior bolts. The number of space exploration-related activities worldwide has increased in the last few years. For instance, Mars exploration events have gained wide popularity among scientists and space enthusiasts.

In addition, private companies are also investing in cosmic exploration. In March 2025, Rocket Lab announced the launch of a private radar imaging satellite. Rocket Lab is a Japan-based Earth-imaging company, and the firm launched the  QPS-SAR-9 satellite to study the home planet in the coming years.

Increased launch of novel bolts to create higher growth momentum during the projection period

Bolt manufacturing companies are increasingly investing resources in the research & development of new bolts. The companies are responding to the changing market conditions and demands.

For instance, the development of novel tools across industries such as construction, aviation, and automotive requires the use of state-of-the-art components that not only enhance the safety of the tool but also survive the changing environmental conditions.

In a recent event, Daywalk announced the launch of a new Forged Bolt range that specifically targeted heavy componentry and equipment.

According to the company's claims, Forged Bolt is the toughest in the market, using recycled materials. Additionally, they are also compatible with all of Daywalk’s heavy steel pallets, further extending the use of the bolt range.

Similarly, UK-based TensionPro, an expert in bolt tensioning, launched HYCOBOLT. The new introduction in the global (fastener) market is a sophisticated hydraulic coupling bolt offering high-performance torque transmission for critical couplings and load-rotating shafts.

Bolt (Fastener) Market: Restraints

Fluctuations in the supply of raw materials limit the market’s growth trajectory

The global bolt (fastener) industry is expected to be restricted by the fluctuating availability and price of raw materials required for manufacturing the items. Bolts are generally made of titanium, aluminum, stainless steel, or steel. These elements are naturally found through mining activities.

However, in the last few years, sourcing for natural elements has raised alarming concerns over the impact on the environment. Changes in the quantity of raw materials available for further processing impact the pricing of the materials and the final goods.

Bolt (Fastener) Market: Opportunities

Increasing the use of novel technologies for manufacturing bolts will generate growth opportunities

The global bolt (fastener) market is expected to generate growth opportunities due to the rising use of highly advanced technologies in the production of bolts. For instance, sensor-enabled bolts are becoming widely used in critical industries such as heavy machinery.

In addition, 3D printed bolts using rare and superior performance elements, along with rising changes in the coating technologies, will further help the industry thrive during the forecast period.

Increased investments in electric vehicles (EVs) to promote market revenue in the long run

The automotive industry, particularly the electric vehicle segment, will emerge as a crucial player for the use of advanced bolts. EVs are quickly replacing traditional fuel-run vehicles across types such as light commercial vehicles and passenger cars. EV-based investments are on the rise throughout major economies such as China, India, the US, and European nations.

Rising government support for EVs, decreasing cost of innovation, and greater availability of skilled resources required for EV development will ultimately affect demand for fastening bolts over the forecast period.

Bolt (Fastener) Market: Challenges

Concerns over growing sale of counterfeit and low-quality products to challenge market expansion

The global bolt (fastener) industry is projected to be restricted by the increasing sales of low-quality products. The commercial industry is filled with several companies selling counterfeit bolts that do not conform to legal safety and quality standards.

Furthermore, the growing advancements in alternative fastening techniques, such as the use of stronger adhesives, will further dilute the market’s overall growth trajectory.

Request Free Sample

Bolt (Fastener) Market: Report Scope

Bolt (Fastener) Market: Segmentation

The global bolt (fastener) market is segmented based on product, sales channel, end-user industry, and region.

Based on the product, the global market segments are non-threaded, threaded, and externally threaded. In 2024, the highest growth was listed in the externally threaded segment, as it accounted for nearly 45% of the total revenue. They are easy to use and offer greater versatility.

Furthermore, if manufactured using standard techniques, externally threaded bolts offer extremely strong holding power even under harsh conditions and difficult circumstances.

Based on the sales channel, the global bolt (fastener) industry is divided into offline and online.

Based on the end-user industry, the global market divisions are aerospace, automotive, machinery, building & construction, electronics, and others. In 2024, the automotive sector was the leading revenue contributor, generating around 35% of the total return on investment. The increasing manufacturing of public transport vehicles, passenger cars, and commercial automotives is fueling the segmental revenue. The emergence of the EV sector is furthering the segment toward renewed growth.

Bolt (Fastener) Market: Regional Analysis

Asia-Pacific to remain the most lucrative market for industry players

The global bolt (fastener) market will be led by Asia-Pacific during the forecast period. China, India, Taiwan, and others will remain the leading revenue generators for the region. China, for instance, is currently one of the world’s leading producers and suppliers of bolts for several industries.

The presence of a highly advanced and robust manufacturing sector in the Chinese and Indian economies is a key reason for the higher production of bolts of all types in Asia-Pacific. The regional market has an abundant availability of raw materials.

For instance, China and India are among the top steel producers globally and regionally. In fiscal year 2023-2024, India produced more than 144 million tons of crude steel.

In addition, the end-user applications of bolts have grown over the years in the region. China’s and Japan’s automotive industry have played a crucial role in propelling demand for innovation in the fastening bolt sector. India’s automotive industry, on the other hand, is expected to deliver exceptional CAGR during the forecast period.

In addition to this, regional space expeditions have grown in the last few years, with China investing heavily in developing home-grown satellites. Furthermore, the aviation sector of Asia-Pacific will play a pivotal role in the demand for bolts, according to market analysis.

Bolt (Fastener) Market: Competitive Analysis

The global bolt (fastener) market is led by players like:

• KD Fasteners
• Würth Group
• Pan American Screw LLC
• American Bolt & Screw
• Hilti Corporation
• California Screw Products
• Fastenal Company
• Fastener Technology Corp.
• MW Components
• Illinois Tool Works (ITW)
• The Federal Group USA
• Portland Bolt
• Screws Industries Inc.
• SPAX
• CNRL Auto Parts Co.

The global bolt (fastener) market is segmented as follows:

By Product

• Non-Threaded
• Threaded
• Externally Threaded

By Sales Channel

• Offline
• Online

By End-User Industry

• Aerospace
• Automotive
• Machinery
• Building & Construction
• Electronics
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa