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Europe Industrial Fasteners Market

Europe Industrial Fasteners Market: Information by Product (Externally Threaded), Type (Washers, Rivets), Bolt Size (Less than ¼,), Application (Aerospace, Construction), Raw Material (Steel, Aluminum), and Region—Forecast till 2031

The Europe industrial fasteners market size was valued at USD 22,882 million in 2022 and is projected to reach USD 34,607 million by 2031, registering a CAGR of 4.7% during the forecast period (2023-2031). Industrial fastene
Report Code: SRAM26156DR

Market Overview

The Europe industrial fasteners market size was valued at USD 22,882 million in 2022 and is projected to reach USD 34,607 million by 2031, registering a CAGR of 4.7% during the forecast period (2023-2031).

Industrial fasteners include screws, nuts, bolts, flanges, anchors, hooks, rivets, washers, and many other devices that join two or more components. Cell phones, electrical devices or motors, automobiles, the building and construction industries, and many other industrial products use these instruments.


  • Externally threaded dominates the market by product. 
  • Threaded fasteners dominated the market by type.
  • ¼ to ¾ dominated the market by bolt size.
  • Automotive dominates the segment by application
  • Steel dominated the market by raw materials.

Report Scope

Report Metric Details
Base Year 2022
Study Period 2018-2031
Forecast Period 2023-2031
CAGR 4.7%
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Market Dynamics

Europe Industrial Fasteners Market Drivers

Growth in the Automotive and Aerospace Industries

The automotive business is one of Europe's biggest buyers of industrial fasteners. The market is growing because more and more people want light fasteners that work well. For example, Germany is one of the top countries in Europe for making cars, and the automotive business in that country uses a lot of industrial fasteners. Bossard's bolts are made to meet the needs of automakers, such as reducing weight, having high tensile strength, and being corrosion-resistant. The company uses advanced materials like titanium and high-strength steel to make high-performance fasteners for the automotive business.

Europe Industrial Fasteners Market Restraints

Competition from Low-Cost Manufacturers 

In the last few years, low-cost makers from China and India have put a lot of pressure on the industrial fasteners market in Europe. These companies make fasteners for less money than their European competitors, which draws customers who care about prices. For example, Chinese manufacturers have made it harder for the Lindstrom Group, one of the UK's biggest distributors of industrial fasteners, to do business. The Lindstrom Group has been in business since 1949 and is known for its quality and dependability. In the past few years, however, the business has been under pressure from Chinese companies that make fasteners and sell them at lower prices than the Lindstrom Group.

Europe Industrial Fasteners Market Opportunities

Increasing Demand for Hybrid Fasteners

Hybrid fasteners are made of metal, plastic, and composites. Due to their lightweight and high-strength qualities, these fasteners have become popular in aerospace, automotive, and construction applications. European aerospace uses hybrid fasteners extensively—hybrid fasteners lower aircraft weight and fuel efficiency. European aerospace giant Airbus employs hybrid fasteners to build its A350 XWB aircraft. These titanium and composite fasteners can resist harsh flight conditions. Thus, it provides a lucrative opportunity for market growth.

Regional Analysis

The Europe industrial fasteners market is segmented by country into Germany, France, the UK, Italy, Spain, and the rest of Europe. Germany dominated the market with a CAGR of 4.3% during the forecast period.

Germany, the UK, Russia, Italy, and France are major industrial fastener markets in Europe. However, industrial fasteners will likely expand significantly with the UK's exit from the EU in January 2020. The automotive industry dominates the industrial fasteners market revenue in the region. The European Automobile Manufacturers' Association reports that the European auto industry exports quality "Made in Europe" products, generating a USD 85.50 billion trade surplus for the EU. Additionally, EU automotive R&D spending rose 6.1% to USD 70.37 billion. Mercedes-Benz, Fiat, Renault, Volkswagen, and Ford are European automakers. These key firms are investing more in lightweight, sturdy car production. As a result, European automotive fastener demand is likely to expand quicker.

Air transport policies and activities in the EU's Member States are liberalized. IATA predicts a 5% annual growth in worldwide air travel for the next 20 years. A 36-nation European Common Aviation Area (ECAA) was created in 2006 by incorporating surrounding States into the single aviation market. Europe includes France, Germany, Italy, Russia, the UK, and the rest. Airbus, Dassault Aviation S.A., and Leonardo S.p.A is investing in the region due to the rising demand for lightweight and advanced military aircraft. The region's governments are also cooperating. For instance, in May 2021, France, Spain, and Germany agreed on developing a fighter plane to replace the French Rafales and German and Spanish Eurofighters from 2040 onward. With such investment, the aircraft fastener market will likely develop over the forecast period.

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Segmental Analysis

The Europe industrial fasteners market is segmented based on product, type, bolt size, application, raw materials, and country.

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 4.5% during the forecast period.

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 4.5% over the forecast period.

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 4.6% during the forecast period.

The market is further segmented based on application into Oil and Gas, Automotive, Aerospace, construction, Industrial machinery, and others.

Raw materials are further segmented into steel, Aluminum, and others.

Steel dominated the market and is expected to register a CAGR of 4.4% over the forecast period.

Top Key Players of Europe Industrial Fasteners Market

  1. Arconic
  2. Acument Global Technologies
  3. Fastenal
  4. Atf inc.
  5. MW Industries Inc.
  6. Dokka Fasteners

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.

Europe Industrial Fasteners Market Segmentations

By Type

  • Nuts, Bolts, and Washers
  • Screws
  • Anchors
  • Rivets
  • Others

By Threading

  • Externally Threading
  • Internally Threading
  • Non-Threaded
  • Others

By Size

  • Less than 1/4 Inch
  • ¼ to ¾ inch
  • ¾ to 1 inch
  • More than 1 inch

By Material

  • Metals
    • Steel
    • Aluminium
    • Copper
    • Brass
    • Others
  • Plastic
  • Others

By Distribution

  • Online
  • Offline

By Application

  • Oil and Gas
  • Automotive
  • Aerospace
  • Construction
  • Industrial Machinery
  • Others

By Countries

  • U.K.
  • Germany
  • France
  • Italy
  • Russia
  • Nordic
  • Benelux
  • Rest of Europe

Frequently Asked Questions (FAQs)

How big is the Europe industrial fasteners market?
The Europe industrial fasteners market size was valued at USD 22,882 million in 2022 and is projected to reach USD 34,607 million by 2031, registering a CAGR of 4.7% during the forecast period (2023-2031).
Key players in the Europe industrial fasteners market include: ARCONIC, Nifco Inc., The Hilti Group.
Growth in the automotive and aerospace industries is the key driver for the growth of the Europe industrial fasteners market.
Increasing demand for hybrid fasteners is one of the upcoming key trends in the Europe industrial fasteners market.

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