Australia Industrial Fasteners Market Size & Outlook, 2025-2033

Australia Industrial Fasteners Market Size

The Australian industrial fasteners market size was valued at USD 2,661.07 million in 2024 and is projected to grow from USD 2,857.99 million in 2025 to reach USD 5,059.35 million by 2033,exhibiting a CAGR of 7.4% during the forecast period (2025-2033).

Industrial fasteners are a broad category of mechanical parts that link two or more objects together, including nuts, bolts, screws, and rivets. These fasteners are frequently used in various industrial applications, including manufacturing, construction, aircraft, and automobiles. They are composed of various materials, including steel, Aluminum, brass, and titanium, and are engineered to endure varied levels of load, vibration, and corrosion.

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Australia Industrial Fasteners Market Growth Factor

Increasing Construction Activities

Industrial fasteners are in high demand in the construction industry because of rising investments in infrastructural, residential, and commercial projects. For instance, the Australian government has launched several significant infrastructure projects, such as the Western Sydney Airport, the Snowy 2.0 hydroelectric project, and the Melbourne to Brisbane Inland Rail project. These initiatives are anticipated to increase the demand for industrial fasteners in the nation significantly.

Market Restraint

Availability of Low-Cost Imported Fasteners

Numerous businesses in Australia import cheap fasteners from nations like China and India, which has increased market competitiveness. Local manufacturers have been under pressure. As a result, to lower their pricing to remain competitive. For instance, A Class Fasteners, an Australian maker of fasteners, claimed in 2019 that the cost of labor and raw materials in Australia and nations like China made it impossible for the company to compete with imported fasteners. The company's income and earnings decreased as a result.

Market Opportunity

Growing Automotive Industry

The nation's automotive sector is well-established, and major manufacturers, including Toyota, Ford, and Holden, have facilities there. The market has been expanding gradually, and fasteners used in the production of automobiles are in higher demand. For instance, the Australian automobile sector has received fasteners from Bremick Pty Ltd, an Australian fastener manufacturer, for over 30 years. Bolts, nuts, washers, and screws are among the many fasteners the company provides for automotive applications. The need for industrial fasteners is anticipated to rise along with the nation's rising vehicle demand. This creates a sizable opportunity for businesses in the Australian industrial fasteners market to grow and meet the escalating demand from the automotive sector.

Country Insights

Fasteners come in various shapes and sizes and are used in various activities and Australian business sectors. Gluing, nailing, screwing, stapling, fixing, attaching, and anchoring. For over 40 years, Fuji Fasteners has produced metal fasteners, including screws, bolts, studs, pins, and more, for Australian industry and export markets. Over 9% of Australia's Gross Domestic Product is produced by the construction sector, which has an estimated annual growth rate of 2.4% over the next five years and generates over USD 360 billion in revenue. Most companies in this sector are either sole proprietorships or extremely tiny enterprises with fewer than 20 employees. Additionally, they frequently have Australian ownership, with domestic sales.

Product Insights

The market is further segmented by product into Externally threaded, internally threaded and non-threaded.The Externally threaded segment domains segment dominates the market and is expected to grow at a CAGR of 8.3% during the forecast period.

Type Insights

By type, it is further segmented into Threaded fasteners, nuts, washers, and Rivets.The Threaded fasteners dominated the market and are expected to register a CAGR of 7.6% over the forecast period.

Bolt Size Insights

The market is further segmented by bolt size into Less than ¼, ¼ to ¾, ¾ to 1, and more than 1.The ¼ to ¾ segment dominates the market and is expected to grow at a CAGR of 6.8% during the forecast period.

Application Insights

The market is further segmented based on application into Oil and Gas, Automotive, Aerospace, construction, Industrial machinery, and others.The automotive segment dominates the market and is expected to grow at a CAGR of 8.5% during the forecast period.

Raw Material Insights

Raw materials are further segmented into steel, Aluminum, and others.Steel dominated the market and is expected to register a CAGR of 8.5% over the forecast period.

List of key players in Australia Industrial Fasteners Market

1. Arconic Fastening Systems and Ring
2. Hilti Corporation

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Recent Developments

• May 2023- The Apollo Funds agreed to acquire Arconic.
• March 2023- Hilti announced a strategic partnership with Canvas, a construction robot business. Canvas has made a robotic drywalling solution to help people build in new and exciting ways.