Middle East and Africa Industrial Fasteners Market Size & Outlook, 2025-2033

Middle East and Africa Industrial Fasteners Market Size

The Middle East and Africa industrial fasteners market size was valued at USD 6.55 billion in 2024 and is projected to reach from USD 6.89 billion in 2025 to USD 10.42 billion by 2033, growing at a CAGR of 5.3% during the forecast period (2025-2033).

High-quality fasteners, known as "industrial fasteners," are utilized in various projects and industries, including the building, construction, and automotive industries. Construction is only one of the many industries that employ industrial fasteners. You must understand the fundamentals of fasteners to choose the appropriate industrial fastener for each project.

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Middle East and Africa Industrial Fasteners Market Growth Factors

Growing Manufacturing Sector

As the government has worked to diversify the economy and lessen reliance on oil, the manufacturing sector has expanded steadily in the UAE over the past few years. Despite the difficulties brought on by the COVID-19 epidemic, the manufacturing industry in the UAE grew by 6.6% in 2020, according to the Ministry of Economy. Industrial fasteners are crucial components used in manufacturing processes. Therefore, the expansion of the manufacturing industry has increased demand for them in the region.

Market Restraints

Rising Raw Material Price

Rising raw material prices are hampering the industrial fasteners market. Manufacturers' production costs may rise, raising product prices. For instance, rising steel prices have raised fastener prices. Customers may switch to cheaper fasteners or delay purchases, affecting demand. Rising raw material prices can also affect manufacturers' profit margins, reducing R&D and product development. The growing cost of steel and other raw materials required to make industrial fasteners can raise production costs, affecting regional enterprises' profitability.

Key Market Opportunities

Increasing Investment in Infrastructure

Industrial fasteners are in demand due to increased infrastructure expenditure. The UAE, Saudi Arabia, and Qatar have invested extensively in airports, ports, trains, and roadways. Saudi Arabia's Vision 2030 infrastructure development plan aims to boost the economy and create jobs. The NEOM mega-city and Red Sea Project, which require many industrial fasteners, are part of the plan. The UAE has also invested in infrastructure projects such as the Abu Dhabi International Airport extension, Etihad Rail, and Dubai Metro. These developments increased regional industrial fastener demand.

Countries Insights

Imports of machinery, tools, and materials for fastener manufacturing and other sectors have stifled innovation in most regions. The UAE and Saudi Arabia lack suitable machinery due to their short industrial histories. Both nations are advanced in construction, but most industrial areas, including the fastener business, are not. Their fastener sector is too dependent on foreign technology, supplies, and equipment.

UAE fastener exports exceeded USD 217 million. Last year, Saudi Arabia, Oman, Kuwait, Bahrain, Iraq, and Iran received 70% of UAE fasteners. Thus, the UAE is the region's biggest fastener exporter. KSA exported less than USD 12 million in fasteners in 2018, 5% of UAE's total. This proves that the UAE is a regional export hub. UAE fastener exports to Saudi Arabia exceeded 20% in 2018.

Due to rising government financing for large-scale infrastructural and residential projects in the UAE and Saudi Arabia, fastener demand may rise. The UAE imports the most fasteners and exports the most. UAE imported over USD 356 million in fasteners from China, India, the US, Germany, the UK, and Taiwan last year. Saudi Arabia, the region's second-largest market, imported fasteners worth USD 276 million last year.

China, the US, India, Japan, the UK, Germany, and Taiwan export the most to Saudi Arabia.Last year, Saudi Arabia imported more fastening machinery than the UAE. Saudi Arabia imported more machinery than the UAE in 2018. KSA exported 1.7 million, while the UAE exported 2.5 million.

Overall, physical capital investment, trade exposure, manufacturing sector competitiveness, and strong media promotion drive this market's expansion in the Middle East. Manufacturing is growing in the UAE and Saudi Arabia as large industrial parks are built.

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 6.2% during the forecast period.

Type Insights

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 5.5% 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 4.7% 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. Application The automotive segment dominates the market and is expected to grow at a CAGR of 6.4% 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 6.4% over the forecast period.

List of key players in Middle East and Africa Industrial Fasteners Market

1. Arconic Fastening Systems and Ring
2. Illinois Tool Works Inc

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Recent Developments

• May 2023- The Apollo Funds agreed to acquire Arconic.