The India Industrial Fasteners Market is projected to grow from USD 2902.77 million in 2024 to an estimated USD 5447.28 million by 2032, with a compound annual growth rate (CAGR) of 8.19% from 2024 to 2032.
Several factors are propelling the growth of the industrial fasteners market in India. The expansion of the automotive industry, driven by rising vehicle production and the adoption of electric vehicles, necessitates high-performance and lightweight fasteners. Additionally, the government’s “Make in India” initiative and increased infrastructure development projects are boosting demand for fasteners in construction and manufacturing applications. The growing emphasis on renewable energy and the need for durable fastening solutions in wind and solar installations further contribute to market expansion. Rising investments in defense and aerospace sectors are also generating a substantial requirement for advanced fastening solutions. Furthermore, the increasing trend of industrial automation and modernization across manufacturing facilities is enhancing the demand for specialized fasteners designed for precision assembly.
India ranks among the top 20 industrial fastener-buying nations globally, contributing 1.5% of all industrial fastener imports worldwide. Within the country, regions with strong manufacturing bases, such as Maharashtra, Gujarat, and Tamil Nadu, are significant contributors to market demand. The presence of major automotive and industrial hubs in these states drives the consumption of industrial fasteners. Moreover, the Asia Pacific region, with India as a key player, holds a significant share of the global industrial fasteners market, supported by widespread manufacturing, automotive, and construction industries. Northern states like Haryana and Punjab are also emerging as important markets due to the expansion of heavy machinery and agricultural equipment industries. Additionally, increasing foreign direct investments (FDI) into India’s industrial sector are further amplifying regional market growth opportunities.
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The India Industrial Fasteners Market is projected to grow from USD 2,902.77 million in 2024 to USD 5,447.28 million by 2032, registering a robust CAGR of 8.19%.
The Global Industrial Fasteners Market is projected to grow from USD 98,826 million in 2024 to USD 158,987.23 million by 2032, registering a robust CAGR of 6.12%.
Rapid expansion of the automotive and aerospace sectors, fueled by EV adoption and indigenous manufacturing, is significantly boosting fastener demand.
Massive infrastructure projects under initiatives like Bharatmala Pariyojana and the Smart Cities Mission are driving sustained consumption of construction-grade fasteners.
The growing focus on solar and wind energy projects is elevating the need for corrosion-resistant and high-tensile fasteners across the renewable energy sector.
Technological innovations, including smart manufacturing and the use of lightweight materials, are encouraging the development of customized and precision fasteners.
Volatile raw material prices and a highly fragmented market structure present key challenges, intensifying pricing pressures and impacting profitability.
Regionally, Maharashtra, Gujarat, and Tamil Nadu dominate fastener consumption, with emerging growth in Haryana, Punjab, and broader Asia Pacific support.
Market Drivers:
Expansion of Automotive and Aerospace Industries
The rapid growth of the automotive and aerospace industries in India is a significant driver for the industrial fasteners market. Increased production of passenger and commercial vehicles, along with the government’s strong push towards electric vehicle adoption, has heightened the demand for specialized fasteners that offer high strength, lightweight properties, and corrosion resistance. Aerospace manufacturing, supported by initiatives like “Make in India” and the growth of indigenous defense capabilities, also necessitates precision-engineered fasteners. As both industries require strict adherence to safety and performance standards, the demand for advanced fastening solutions continues to accelerate.
Infrastructure Development and Urbanization
India’s aggressive infrastructure development programs are fueling substantial demand for industrial fasteners across the construction sector. For instance, projects involving highways, railways, airports, metro systems, smart cities, and energy plants require large volumes of construction-grade fasteners to ensure structural integrity and safety. Rapid urbanization is further amplifying the need for residential and commercial construction, driving market opportunities. Government initiatives such as the Bharatmala Pariyojana, Smart Cities Mission, and National Infrastructure Pipeline are creating a sustained pipeline of projects, ensuring consistent consumption of industrial fasteners across diverse applications.
Rise in Renewable Energy Installations
The growing focus on renewable energy, especially solar and wind projects, is creating new avenues for the industrial fasteners market in India. Wind turbine installations, solar panel mounting structures, and related infrastructure require fasteners capable of withstanding extreme environmental conditions and offering long-term durability. For instance, companies like SNK System supply high-strength fasteners coated with proprietary JR2000®+ zinc-nickel technology, providing over 3,000 hours of corrosion resistance in salt spray tests-crucial for solar installations exposed to harsh weather conditions. As India aggressively pursues its renewable energy targets under programs like the National Solar Mission, the demand for corrosion-resistant, high-tensile fasteners is set to rise sharply. Furthermore, the emphasis on energy transition and sustainability goals from both public and private sectors is driving innovation in fastening technologies tailored to green energy projects.
Technological Advancements and Industrial Automation
Advancements in fastening technologies and the growing adoption of industrial automation are reshaping the market landscape. Manufacturers are increasingly introducing high-performance fasteners with advanced coatings, improved tensile strength, and better fatigue resistance to meet evolving application needs. The rise of smart manufacturing practices, particularly Industry 4.0 initiatives, is leading to a greater emphasis on precision fasteners suited for automated assembly lines. Moreover, the use of lightweight materials, such as composites and high-strength alloys in modern manufacturing, demands customized fastening solutions, encouraging continuous innovation and supporting market expansion across various industries.
Market Trends:
Growing Preference for Stainless Steel and Specialty Fasteners
A prominent trend in the India industrial fasteners market is the rising preference for stainless steel and specialty fasteners across critical sectors. For instance, Viraj Profiles Pvt. Ltd, a leading stainless steel fastener manufacturer, produces over 20,000 SKUs of stainless steel fasteners, exporting more than 100+ tonnes to India in the last seven years and serving customers in over 35 countries. Industries such as petrochemicals, marine, and food processing increasingly demand fasteners that offer superior corrosion resistance and longer service life. Stainless steel fasteners, particularly grades like 304 and 316, are gaining traction due to their ability to withstand harsh environmental conditions without compromising strength. The shift toward specialty alloys, including titanium and Inconel fasteners, is also noticeable in high-performance applications where extreme temperatures and pressures are involved, reflecting a move toward higher-value products in the market.
Emergence of Customized and Application-Specific Fasteners
Customization is emerging as a major trend within the Indian industrial fasteners landscape. End-users now require fastening solutions tailored to specific designs, loads, and environmental challenges, especially in industries like automotive, electronics, and renewable energy. For instance, companies like Pooja Forge Limited emphasize their capability to deliver special fasteners in diverse shapes, sizes, and grades to meet industry-specific requirements, ensuring reliability even in the most challenging environments. Manufacturers are increasingly offering application-specific fasteners designed for lightweight assemblies, anti-vibration properties, and quick installation processes. This trend is particularly prominent in the electric vehicle (EV) segment, where specialized fasteners are needed to secure battery packs, motors, and lightweight body components. The demand for customized fastening solutions is encouraging collaboration between OEMs and fastener manufacturers, fostering innovation and value-added offerings.
Integration of Smart Fasteners and IoT-Enabled Solutions
The integration of smart technologies into fastening systems is a developing trend reshaping the market. Smart fasteners equipped with sensors for load detection, torque monitoring, and real-time feedback are becoming increasingly relevant in critical applications such as aerospace, railways, and industrial automation. These fasteners enable predictive maintenance, enhance safety, and reduce downtime by providing valuable performance data. Although still at a nascent stage in India compared to Western markets, growing awareness about Industry 4.0, coupled with the push toward digital transformation, is expected to accelerate the adoption of IoT-enabled fastening solutions over the next few years.
Expansion of E-Commerce and Digital Distribution Channels
The digitalization of procurement processes is influencing how industrial fasteners are sold and distributed in India. E-commerce platforms and specialized B2B portals are playing a growing role in offering easy access to a wide variety of fasteners for small and medium-sized enterprises (SMEs) and large industries alike. This shift is helping to streamline the supply chain, reduce lead times, and improve product availability across the country. Companies are investing in digital catalogs, online configurators, and inventory management systems to cater to evolving buyer behavior. The trend toward online procurement is expected to become even stronger as industries prioritize convenience, transparency, and competitive pricing in their sourcing strategies.
Market Challenges Analysis:
Intense Competition from Low-Cost Imports
Indian fastener manufacturers face significant pressure from low-cost producers in countries like China and Taiwan. For instance, in 2024, India’s total global imports of steel fasteners reached USD 1.1 billion, with China alone supplying fasteners worth USD 306 million, followed by Japan at USD 127 million and South Korea at USD 111 million. These competitors benefit from economies of scale and lower labor costs, enabling them to offer products at more competitive prices. This price disparity challenges domestic producers, particularly in price-sensitive sectors such as automotive and construction, making it difficult to maintain market share and profitability
Raw Material Price Volatility
The industrial fasteners industry is heavily dependent on raw materials like steel and aluminum. Fluctuations in the prices of these materials, driven by global demand shifts and geopolitical factors, directly impact production costs. This volatility complicates financial planning and can erode profit margins, especially for small and medium-sized enterprises that lack the leverage to negotiate favorable terms with suppliers.
Prevalence of Counterfeit and Substandard Products
The market is challenged by the infiltration of counterfeit and substandard fasteners, which compromise safety and reliability. These inferior products can lead to structural failures in critical applications, such as in automotive and aerospace industries, posing significant risks. The presence of such products undermines consumer confidence and tarnishes the reputation of legitimate manufacturers.
Supply Chain Disruptions
The industry is susceptible to supply chain disruptions, including delays in raw material procurement and logistics challenges. Such disruptions can lead to production halts and delayed deliveries, affecting customer satisfaction and increasing operational costs. The COVID-19 pandemic has further highlighted the vulnerabilities in the supply chain, emphasizing the need for more resilient and diversified sourcing strategies.
Stringent Regulatory Compliance
Compliance with diverse and stringent regulatory standards, both domestic and international, poses a significant challenge. Manufacturers must navigate complex certification processes and quality assurance protocols to meet the requirements of various industries. Non-compliance can result in market access barriers and potential legal ramifications, necessitating continuous investment in quality management systems
Market Opportunities:
The India industrial fasteners market presents significant growth opportunities driven by the country’s ongoing industrialization, infrastructure development, and increasing integration into global supply chains. With initiatives such as “Make in India,” “Atmanirbhar Bharat,” and the National Infrastructure Pipeline (NIP), the government is actively encouraging domestic manufacturing and large-scale construction projects. These programs are generating robust demand for high-quality, durable fasteners across sectors such as automotive, railways, aerospace, renewable energy, and construction. Furthermore, the expansion of manufacturing capabilities under the Production-Linked Incentive (PLI) schemes is creating opportunities for fastener manufacturers to cater to both domestic and export markets. As companies strive to localize their supply chains and reduce dependence on imports, domestic fastener production stands to benefit significantly.
Another key opportunity lies in the increasing demand for advanced and customized fastening solutions across emerging sectors. The rapid growth of electric vehicles (EVs), renewable energy installations, and industrial automation is creating a need for specialized fasteners with properties such as lightweight composition, corrosion resistance, and high load-bearing capacity. Additionally, the gradual adoption of smart manufacturing practices and Industry 4.0 technologies opens avenues for the development of intelligent fastening systems that offer real-time performance monitoring. As India’s SMEs embrace digital transformation and technological upgrades, fastener manufacturers focusing on innovation, product differentiation, and smart solutions will be well-positioned to capture new market segments and strengthen their competitive advantage both nationally and internationally.
Market Segmentation Analysis:
The India industrial fasteners market is segmented based on type, application, and material, reflecting the diverse needs of end-use industries.
By type, bolts account for the largest share owing to their extensive use in construction, automotive, and heavy machinery applications where high tensile strength is crucial. Nuts and screws closely follow, with screws witnessing growing adoption due to their versatility and ease of use across varied assembly processes. Rivets, particularly in aerospace and construction sectors, are gaining importance for permanent fastening solutions, while the “Others” segment, including washers and anchors, continues to support specialized requirements.
By application, the automotive sector dominates the market, driven by the country’s expanding vehicle production and rising penetration of electric vehicles. The construction segment is experiencing strong demand, supported by large-scale infrastructure projects across urban and semi-urban regions. The aerospace industry, although smaller in size, is showing significant potential with the growth of indigenous aircraft manufacturing and defense initiatives. Meanwhile, the machinery sector relies heavily on high-strength fasteners for industrial equipment, and the “Others” category includes applications in consumer electronics and renewable energy projects.
By material, metal fasteners hold the majority share due to their superior strength, durability, and wide-ranging industrial applicability. However, plastic fasteners are emerging as a fast-growing segment, particularly in automotive interiors, electronics, and lightweight construction components where corrosion resistance and weight reduction are critical. The evolving demand for specialized materials across industries continues to drive innovation and diversification within the Indian fasteners market.
Segmentation:
By Type Segment:
Bolts
Nuts
Screws
Rivets
Others
By Application Segment:
Automotive
Aerospace
Construction
Machinery
Others
By Material Segment:
Metal Fasteners
Plastic Fasteners
Regional Analysis:
The India industrial fasteners market exhibits significant regional variation, driven by the distribution of manufacturing hubs, infrastructure development, and sector-specific demand across the country.
North India
North India holds a substantial share of the industrial fasteners market, owing to its robust manufacturing infrastructure and strategic geographical location. States like Haryana, Punjab, and Uttar Pradesh host numerous automotive and industrial hubs, fostering high demand for fasteners in vehicle assembly and machinery manufacturing. The presence of skilled labor and proximity to key markets further enhance the region’s prominence in the fasteners industry.
West India
West India, particularly Maharashtra and Gujarat, is a significant contributor to the industrial fasteners market. Maharashtra’s capital, Mumbai, serves as a major commercial center, while Gujarat’s strong industrial base supports sectors like construction, automotive, and heavy engineering. The region’s well-established infrastructure and investment-friendly policies attract numerous fastener manufacturers and end-users.
South India
South India, encompassing states like Tamil Nadu, Karnataka, and Andhra Pradesh, plays a vital role in the industrial fasteners market. Tamil Nadu, with its capital Chennai, is a hub for automotive and electronics manufacturing, driving demand for specialized fasteners. Karnataka’s focus on aerospace and defense industries further contributes to the region’s fastener consumption.
East and Northeast India
East and Northeast India currently hold a smaller share of the industrial fasteners market. However, ongoing infrastructure projects and government initiatives aimed at industrial development are expected to boost demand in these regions. States like West Bengal and Assam are witnessing gradual growth in manufacturing activities, which may lead to increased consumption of industrial fasteners in the coming years.
Key Player Analysis:
Nifco Inc.
Shanghai Prime Machinery Co. Ltd.
Meidoh Co. Ltd.
Sundram Fasteners Limited
Agrati Group
HIL Ltd.
Bhansali Fasteners
Zhejiang Huantai Fastener Co., Ltd.
Kyocera Corporation
Nippon Industrial Fasteners Company (Nifco)
Competitive Analysis:
The India industrial fasteners market is highly competitive, characterized by the presence of both large multinational corporations and numerous small and medium-sized domestic players. Leading companies such as Sundram Fasteners Limited, LPS Bossard Private Limited, and Sterling Tools Limited maintain strong market positions through diversified product portfolios, technological innovation, and robust distribution networks. International players like Böllhoff India and Hilti India further intensify competition by offering advanced fastening solutions for specialized applications. Price competitiveness, product quality, and customization capabilities are key factors influencing market share. Many domestic manufacturers are investing in automation, capacity expansion, and strategic collaborations to enhance their competitiveness in both local and export markets. Additionally, the growing demand for specialized and high-performance fasteners is prompting companies to focus on research and development initiatives. As customer expectations evolve, market players are increasingly emphasizing product innovation, operational efficiency, and after-sales support to sustain and expand their market presence.
Recent Developments:
In January 2024, Meidoh Co. Ltd., a leading automotive fastener manufacturer, acquired Pilgrim Screw Corporation, a prominent aerospace fastener producer based in the United States. This acquisition marks Meidoh’s diversification into the aerospace sector, expanding its product offerings and global reach. The move is expected to strengthen Meidoh’s position as a world-class fastener manufacturer.
In March 2024, HIL Ltd., part of the CK Birla Group, signed an agreement to acquire Crestia Polytech and its subsidiaries, including the Topline brand, for ₹265 crores. This acquisition significantly enhances HIL’s presence in the pipes and fittings segment, nearly doubling its revenue and tripling its production capacity, especially in Eastern India. The move also grants HIL access to patented technologies in electrofusion fittings and water tanks, strengthening its position in infrastructure and government projects.
Market Concentration & Characteristics:
The India industrial fasteners market exhibits moderate market concentration, with a mix of established organized players and a significant presence of small and medium-sized enterprises (SMEs). Leading companies dominate the high-end and specialized segments, while the unorganized sector caters largely to low-cost, volume-driven demands. The market is highly fragmented, resulting in intense price competition, particularly in commoditized product categories. Characteristics of the industry include a strong reliance on automotive, construction, and heavy engineering sectors, with growing diversification into renewable energy and electronics applications. The shift toward lightweight, corrosion-resistant, and customized fastening solutions is reshaping product development strategies. Moreover, the increasing adoption of automation and digital technologies in manufacturing processes is gradually elevating operational efficiencies. As demand patterns evolve, the market is witnessing a transition from standard fasteners to high-performance and application-specific products, enhancing overall value addition and competitiveness within the Indian industrial landscape.
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The research report offers an in-depth analysis based on Type, Application and Material. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.
Future Outlook:
Increasing vehicle production and electric mobility adoption will drive demand for lightweight and high-performance fasteners.
Expanding infrastructure projects under government initiatives will sustain strong growth in construction-grade fasteners.
Rising investments in aerospace and defense sectors will boost requirements for specialized and precision fastening solutions.
The shift toward renewable energy, particularly solar and wind, will create new opportunities for corrosion-resistant fasteners.
Growth in industrial automation and Industry 4.0 adoption will enhance demand for smart and customized fasteners.
Expansion of manufacturing hubs in Tier II and Tier III cities will broaden regional market opportunities.
Technological advancements in materials, such as composites and specialty alloys, will reshape product innovation.
Increased emphasis on exports and India’s integration into global supply chains will open new international markets.
Greater adoption of e-commerce and digital procurement platforms will transform traditional distribution models.
Rising focus on sustainability and eco-friendly manufacturing practices will influence product development strategies.
CHAPTER NO. 1 : INTRODUCTION 19
1.1.1. Report Description 19 Purpose of the Report 19 USP & Key Offerings 19
1.1.2. Key Benefits for Stakeholders 19
1.1.3. Target Audience 20
1.1.4. Report Scope 20 CHAPTER NO. 2 : EXECUTIVE SUMMARY 21
2.1. Industrial Fasteners Market Snapshot 21
2.1.1. India Industrial Fasteners Market, 2018 – 2032 (USD Million) 22 CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 23
3.1. Russia-Ukraine and Israel-Palestine War Impacts 23 CHAPTER NO. 4 : INDUSTRIAL FASTENERS MARKET – INDUSTRY ANALYSIS 24
4.1. Introduction 24
4.2. Market Drivers 25
4.2.1. Rising demand in the automotive and aerospace sectors 25
4.2.2. Growth in infrastructure and construction projects globally 26
4.3. Market Restraints 27
4.3.1. Fluctuations in raw material prices affecting manufacturing costs 27
4.4. Market Opportunities 28
4.4.1. Increasing adoption of lightweight and high-performance fasteners in industrial applications 28
4.5. Porter’s Five Forces Analysis 29
4.6. Buying Criteria 30 CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 31
5.1. Import Analysis by India 31
5.1.1. India Industrial Fasteners Market Import Volume/Revenue, By India, 2018 – 2023 31
5.2. Export Analysis by India 32
5.2.1. India Industrial Fasteners Market Export Volume/Revenue, By India, 2018 – 2023 32 CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 33
6.1. Demand Analysis by India 33
6.1.1. India Industrial Fasteners Market Demand Volume/Revenue, By India, 2018 – 2023 33
6.2. Supply Analysis by India 34
6.2.1. India Industrial Fasteners Market Supply Volume/Revenue, By India, 2018 – 2023 34 CHAPTER NO. 7 : PRODUCTION ANALYSIS 35
7.1. Production Analysis by India 35
7.1.1. India Industrial Fasteners Market Production Volume/Revenue, By India, 2018 – 2023 35 CHAPTER NO. 8 : PRICE ANALYSIS 36
8.1. Price Analysis by Type 36
8.1.1. India Industrial Fasteners Market Price, By Type, 2018 – 2023 36
8.1.2. India Type Market Price, By Type, 2018 – 2023 36 CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 37
9.1. Key Raw Materials and Suppliers 37
9.2. Key Raw Materials Price Trend 37 CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 38
10.1. Manufacturing Cost Analysis 38
10.2. Manufacturing Process 38 CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 39
11.1. Company Market Share Analysis – 2023 39
11.2. Value Chain Analysis 39
11.2.1. India Industrial Fasteners Market: Company Market Share, by Volume, 2023 40
11.2.2. India Industrial Fasteners Market: Company Market Share, by Revenue, 2023 41
11.2.3. India Industrial Fasteners Market: Top 6 Company Market Share, by Revenue, 2023 41
11.2.4. India Industrial Fasteners Market: Top 3 Company Market Share, by Revenue, 2023 42
11.3. India Industrial Fasteners Market Company Volume Market Share, 2023 43
11.4. India Industrial Fasteners Market Company Revenue Market Share, 2023 44
11.5. Company Assessment Metrics, 2023 44
11.5.1. Stars 44
11.5.2. Emerging Leaders 44
11.5.3. Pervasive Players 44
11.5.4. Participants 44
11.6. Start-ups /SMEs Assessment Metrics, 2023 44
11.6.1. Progressive Companies 44
11.6.2. Responsive Companies 45
11.6.3. Dynamic Companies 45
11.6.4. Starting Blocks 45
11.7. Strategic Developments 46
11.7.1. Acquisitions & Mergers 46 New Product Launch 46 India Expansion 46
11.8. Key Players Product Matrix 47 CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 48
12.1. PESTEL 48
12.1.1. Political Factors 48
12.1.2. Economic Factors 48
12.1.3. Social Factors 48
12.1.4. Technological Factors 48
12.1.5. Environmental Factors 48
12.1.6. Legal Factors 48
12.2. Adjacent Market Analysis 48 CHAPTER NO. 13 : INDUSTRIAL FASTENERS MARKET – BY TYPE SEGMENT ANALYSIS 49
13.1. Industrial Fasteners Market Overview, by Type Segment 49
13.1.1. Industrial Fasteners Market Revenue Share, By Type, 2023 & 2032 50
13.1.2. Industrial Fasteners Market Attractiveness Analysis, By Type 51
13.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 51
13.1.4. Industrial Fasteners Market Revenue, By Type, 2018, 2023, 2027 & 2032 52
13.2. Bolts 53
13.3. Nuts 54
13.4. Screws 55
13.5. Rivets 56
13.6. Others 57 CHAPTER NO. 14 : INDUSTRIAL FASTENERS MARKET – BY APPLICATION SEGMENT ANALYSIS 58
14.1. Industrial Fasteners Market Overview, by Application Segment 58
14.1.1. Industrial Fasteners Market Revenue Share, By Application, 2023 & 2032 59
14.1.2. Industrial Fasteners Market Attractiveness Analysis, By Application 60
14.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 60
14.1.4. Industrial Fasteners Market Revenue, By Application, 2018, 2023, 2027 & 2032 61
14.2. Automotive 62
14.3. Aerospace 63
14.4. Construction 64
14.5. Machinery 65
14.6. Others 66 CHAPTER NO. 15 : INDUSTRIAL FASTENERS MARKET – BY MATERIAL SEGMENT ANALYSIS 67
15.1. Industrial Fasteners Market Overview, by Material Segment 67
15.1.1. Industrial Fasteners Market Revenue Share, By Material, 2023 & 2032 68
15.1.2. Industrial Fasteners Market Attractiveness Analysis, By Material 69
15.1.3. Incremental Revenue Growth Opportunity, by Material, 2024 – 2032 69
15.1.4. Industrial Fasteners Market Revenue, By Material, 2018, 2023, 2027 & 2032 70
15.2. Metal Fasteners 71
15.3. Plastic Fasteners 72 CHAPTER NO. 16 : INDUSTRIAL FASTENERS MARKET – INDIA ANALYSIS 73
16.1. Type 73
16.1.1. India Industrial Fasteners Market Revenue, By Type, 2018 – 2023 (USD Million) Error! Bookmark not defined.
16.2. India Industrial Fasteners Market Revenue, By Type, 2024 – 2032 (USD Million) Error! Bookmark not defined.
16.3. Application Error! Bookmark not defined.
16.3.1. India Industrial Fasteners Market Revenue, By Application, 2018 – 2023 (USD Million) Error! Bookmark not defined.
16.3.2. India Industrial Fasteners Market Revenue, By Application, 2024 – 2032 (USD Million) Error! Bookmark not defined.
16.4. Material Error! Bookmark not defined.
16.4.1. India Industrial Fasteners Market Revenue, By Material, 2018 – 2023 (USD Million) Error! Bookmark not defined.
16.4.2. India Industrial Fasteners Market Revenue, By Material, 2024 – 2032 (USD Million) Error! Bookmark not defined. CHAPTER NO. 17 : COMPANY PROFILES ERROR! BOOKMARK NOT DEFINED.
17.1. Nifco Inc. Error! Bookmark not defined.
17.1.1. Company Overview Error! Bookmark not defined.
17.1.2. Product Portfolio Error! Bookmark not defined.
17.1.3. Swot Analysis 76
17.1.4. Business Strategy 77
17.1.5. Financial Overview 77
17.2. Shanghai Prime Machinery Co. Ltd. 78
17.3. Meidoh Co. Ltd. 78
17.4. Sundram Fasteners Limited 78
17.5. Agrati Group 78
17.6. HIL Ltd. 78
17.7. Bhansali Fasteners 78
17.8. Zhejiang Huantai Fastener Co., Ltd. 78
17.9. Kyocera Corporation 78
17.10. Nippon Industrial Fasteners Company (Nifco) 78
List of Figures
FIG NO. 1. India Industrial Fasteners Market Revenue, 2018 – 2032 (USD Million) 22
FIG NO. 2. Porter’s Five Forces Analysis for India Industrial Fasteners Market 29
FIG NO. 3. India Industrial Fasteners Market Import Volume/Revenue, By India, 2018 – 2023 31
FIG NO. 4. India Industrial Fasteners Market Export Volume/Revenue, By India, 2018 – 2023 32
FIG NO. 5. India Industrial Fasteners Market Demand Volume/Revenue, By India, 2018 – 2023 33
FIG NO. 6. India Industrial Fasteners Market Supply Volume/Revenue, By India, 2018 – 2023 34
FIG NO. 7. India Industrial Fasteners Market Production Volume/Revenue, By India, 2018 – 2023 35
FIG NO. 8. India Industrial Fasteners Market Price, By Type, 2018 – 2023 36
FIG NO. 9. Raw Materials Price Trend Analysis, 2018 – 2023 37
FIG NO. 10. Manufacturing Cost Analysis 38
FIG NO. 11. Manufacturing Process 38
FIG NO. 12. Value Chain Analysis for India Industrial Fasteners Market 39
FIG NO. 13. Company Share Analysis, 2023 40
FIG NO. 14. Company Share Analysis, 2023 41
FIG NO. 15. Company Share Analysis, 2023 41
FIG NO. 16. Company Share Analysis, 2023 42
FIG NO. 17. Industrial Fasteners Market – Company Volume Market Share, 2023 43
FIG NO. 18. Industrial Fasteners Market – Company Revenue Market Share, 2023 44
FIG NO. 19. Industrial Fasteners Market Revenue Share, By Type, 2023 & 2032 50
FIG NO. 20. Market Attractiveness Analysis, By Type 51
FIG NO. 21. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 51
FIG NO. 22. Industrial Fasteners Market Revenue, By Type, 2018, 2023, 2027 & 2032 52
FIG NO. 23. India Industrial Fasteners Market for Bolts, Revenue (USD Million) 2018 – 2032 53
FIG NO. 24. India Industrial Fasteners Market for Nuts, Revenue (USD Million) 2018 – 2032 54
FIG NO. 25. India Industrial Fasteners Market for Screws, Revenue (USD Million) 2018 – 2032 55
FIG NO. 26. India Industrial Fasteners Market for Rivets, Revenue (USD Million) 2018 – 2032 56
FIG NO. 27. India Industrial Fasteners Market for Others, Revenue (USD Million) 2018 – 2032 57
FIG NO. 28. Industrial Fasteners Market Revenue Share, By Application, 2023 & 2032 59
FIG NO. 29. Market Attractiveness Analysis, By Application 60
FIG NO. 30. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 60
FIG NO. 31. Industrial Fasteners Market Revenue, By Application, 2018, 2023, 2027 & 2032 61
FIG NO. 32. India Industrial Fasteners Market for Automotive, Revenue (USD Million) 2018 – 2032 62
FIG NO. 33. India Industrial Fasteners Market for Aerospace, Revenue (USD Million) 2018 – 2032 63
FIG NO. 34. India Industrial Fasteners Market for Construction, Revenue (USD Million) 2018 – 2032 64
FIG NO. 35. India Industrial Fasteners Market for Machinery, Revenue (USD Million) 2018 – 2032 65
FIG NO. 36. India Industrial Fasteners Market for Others, Revenue (USD Million) 2018 – 2032 66
FIG NO. 37. Industrial Fasteners Market Revenue Share, By Material, 2023 & 2032 68
FIG NO. 38. Market Attractiveness Analysis, By Material 69
FIG NO. 39. Incremental Revenue Growth Opportunity by Material, 2024 – 2032 69
FIG NO. 40. Industrial Fasteners Market Revenue, By Material, 2018, 2023, 2027 & 2032 70
FIG NO. 41. India Industrial Fasteners Market for Metal Fasteners, Revenue (USD Million) 2018 – 2032 71
FIG NO. 42. India Industrial Fasteners Market for Plastic Fasteners, Revenue (USD Million) 2018 – 2032 72
List of Tables
TABLE NO. 1. : India Industrial Fasteners Market: Snapshot 21
TABLE NO. 2. : Drivers for the Industrial Fasteners Market: Impact Analysis 25
TABLE NO. 3. : Restraints for the Industrial Fasteners Market: Impact Analysis 27
TABLE NO. 4. : India Industrial Fasteners Market Revenue, By Type, 2018 – 2023 36
TABLE NO. 5. : Key Raw Materials & Suppliers 37
TABLE NO. 6. : India Industrial Fasteners Market Revenue, By Type, 2018 – 2023 (USD Million) 73
TABLE NO. 7. : India Industrial Fasteners Market Revenue, By Type, 2024 – 2032 (USD Million) 73
TABLE NO. 8. : India Industrial Fasteners Market Revenue, By Application, 2018 – 2023 (USD Million) 74
TABLE NO. 9. : India Industrial Fasteners Market Revenue, By Application, 2024 – 2032 (USD Million) 74
TABLE NO. 10. : India Industrial Fasteners Market Revenue, By Material, 2018 – 2023 (USD Million) 75
TABLE NO. 11. : India Industrial Fasteners Market Revenue, By Material, 2024 – 2032 (USD Million) 75
Frequently Asked Questions:
What is the current size of the India Industrial Fasteners Market?
The India Industrial Fasteners Market is projected to grow from USD 2,902.77 million in 2024 to USD 5,447.28 million by 2032, registering a CAGR of 8.19% during the forecast period.
What factors are driving the growth of the India Industrial Fasteners Market?
Key drivers include rising vehicle production, the adoption of electric vehicles, government-led infrastructure initiatives, renewable energy expansion, and increasing investments in the defense and aerospace sectors.
What are the key segments within the India Industrial Fasteners Market?
The market is segmented by type (bolts, nuts, screws, rivets, others), application (automotive, aerospace, construction, machinery, others), and material (metal fasteners and plastic fasteners).
What are some challenges faced by the India Industrial Fasteners Market?
Challenges include raw material price volatility, intense price competition among fragmented players, and the pressure to continuously innovate for specialized applications.
Who are the major players in the India Industrial Fasteners Market?
Leading companies include Sundram Fasteners Limited, LPS Bossard Private Limited, Sterling Tools Limited, Böllhoff India, and Hilti India, among others.
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