Asia Pacific Industrial Fasteners Market, Sector / Industry Report & Analysis, 2018-2025 (Includes Business Impact of COVID-19)

  • TBI708362
  • August 10, 2019
  • Global
  • 132 pages
  • HCCResearch
                                              Abstract, Snapshot, Market Analysis & Market Definition: Asia Pacific Industrial Fasteners Market, Sector / Industry Report & Analysis, 2018-2025 Market

The Asia Pacific industrial fasteners market size was estimated at USD 31.22 billion in 2017. The product plays a vital role in most major industries, including automotive, aerospace, shipbuilding, and industrial machinery. Rapid growth of these industries on account of increasing mechanization in residential and industrial construction is expected to propel product demand.
The market is undergoing a transition from manufacturing standard metal products to producing superior quality plastic and specialty fasteners to meet rising demand for application-specific products. Fluctuating raw material prices, intense market competition, and subsequent price war are expected to hamper profit margins for industry players.

India is one of top 20 industrial fastener-importing countries in the world, accounting for a share of 1.5% in global imports.Major players from developed countries like U.S., Germany, U.K., and France are inclined toward investing in India owing to favorable market conditions, untapped customer base, and lucrative opportunities.
Asia Pacific has been a key exporter, with China, Taiwan, and Japan emerging as leading manufacturing countries. The market presents low barriers to new entrants in terms of technology and raw material supply. However, these players face the challenge of sustaining in a highly competitive environment formed by well-established existing players with a large customer base.
Selection of appropriate raw material is an essential factor for manufacturers, as the product needs to comply with standards including SAE, JIS, ISO, ASTM, and ASME. Furthermore, players are prone to compensation for accidents attributable to fasteners, especially in automotive and aerospace applications. Thus, product quality is an essential factor for industry players.
Miniature fasteners is one of the latest trends in the industry. Compact designs, structural requirement, installed hardware, and restriction in area available are factors that favor this trend. Smaller sized products fit easily in the area and facilitate the equipment to work effectively particularly in electronics, aerospace, and marine applications.

Market Segmentation, Outlook & Viewpoint: Asia Pacific Industrial Fasteners Market, Sector / Industry Report & Analysis, 2018-2025 Market

This report forecasts revenue and volume growth at regional and country levels, and provides an analysis on latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the Asia Pacific industrial fasteners market report based on raw material, product, application, and country:

Raw Material Outlook (Revenue, USD Million, 2014 - 2025)



Product Outlook (Revenue, USD Million, 2014 - 2025)

Externally threaded

Internally threaded

Non threaded

Aerospace grade

Application Outlook (Revenue, USD Million, 2014 - 2025)




Industrial Machinery

Home Appliances

Lawn and Garden

Motors and Pumps


Plumbing Products


Key Players, Recent Developments & Regional Insights: Asia Pacific Industrial Fasteners Market, Sector / Industry Report & Analysis, 2018-2025 Market

Externally threaded products, including bolts and screws, accounted for 54.2% of the overall market in 2017. These products are considered a fundamental component in several structural and non-structural applications and high demand for automotive, electronics, shipbuilding, railway, and heavy equipment manufacturing industries.
Internally threaded fasteners primarily include nuts and inserts. These products are generally used in combination with bolts in order to stack two or more parts of the structure together. Commercially, there are several product types available in the market, such as cap nuts, hex finish nuts, flange serrated nuts, square nuts, T-nuts, tri-groove nuts, and wing nuts.
Non-threaded fasteners include pins, washers, rivets, hooks, grommets, O-rings, and cable ties. This segment is likely to expand at a CAGR of 4.0% over the projected period. They are primarily used for cable management and wire harnessing in automotive and construction applications. The segment is expected witness high demand owing to the products’ low cost and light weight.
Aerospace grade fasteners are classified as a separate grade from their industrial counterparts owing to their high quality, performance, raw material, price, and other technical specifications. The aerospace maintenance, repair and overhaul (MRO) segment primarily determines demand for these fasteners in Asia Pacific as the region has a limited aircraft manufacturing base compared to its maintenance capabilities.
Application Insights
In 2017, the automotive application accounted 34.6% of the overall market.In the automotive industry, it is used for bonding and noise, vibration, and harshness (NVH) control. Plastic, especially nylon fasteners, are expected to witness highest growth in this application on account of lightweight, high corrosion resistance, high thermal, and electrical insulation properties.
Aerospace is expected to be the fastest-growing application segment in the Asia Pacific industrial fasteners market over the forecast period. The most commonly used raw materials for manufacturing these products include stainless steel, alloy steel, Ti-alloys, and aluminum alloys. At present, titanium and aluminum alloy dominate the market for aerospace grade fasteners.

The home appliances segment was valued at USD 2.38 billion in 2017. Plastic hose clamps, screws and bolts, O-rings and grommets are becoming popular choices for manufacturing appliances such as washing machines, tumble dryers, and dishwashers on account of their corrosion resistance and durability.
Bolts, nuts, and nails are the most widely products for construction applications. Product selection in construction depends on the surface it is going to bind/attach together. Metal rivets offer significantly higher strength against concrete construction.

Country Insights

Demand for automotive fasteners in India is expected to expand at a CAGR of 6.0% over the forecast period. The Government of India has announced “Automotive Mission Plan 2016-2026 (AMP 2026)” to foster the growth of its automobile industry, which in turn, is expected to have a positive impact on the market for automotive fasteners over the forecast period.
Product demand in Japan for industrial machinery was valued at USD 1.04 billion in 2017. The country comprises over 200 industrial machinery manufacturers, including world famous brands such as Okuma, DMG Mori Seiki, Fanuc, and Yamazaki Mazak, driving product demand in the country.
Indonesia is one of the major importers of fasteners in the world, with key imports coming from Thailand, Taiwan, Japan, and Singapore. Import revenue is much higher than exports from the economy, indicating a high local demand for industrial fasteners in the country.
Product demand in Thailand is likely to rise on account of growth of end-use industries such as automotive, construction, and industrial equipment. Small and medium-scale product manufacturers in the country usually fulfill demand within the country. However, inadequate capacities of industry players have resulted in high imports in recent years.
Asia Pacific Industrial Fasteners Market Share Insights
Major manufacturers are often engaged in long-term contracts with users, hampering market penetration of new players. Prominent suppliers are focusing on achieving optimal operational costs, maximizing efficiency of production facilities, attaining shortened lead times, and enhancing quality of products to maintain their dominance in the market.
A major percentage of manufacturers based in Asia is involved in manufacturing standard fasteners, which are widely accepted by end-use industries, particularly industrial machinery and construction. However, these players often face challenges when the consumer demands application-specific products, thus impacting their market share in the international market.

Key Insights Covered: Global Asia Pacific Industrial Fasteners Market, Sector / Industry Report & Analysis, 2018-2025 Market
1.  Market size (sales, revenue and growth rate) of Asia Pacific Industrial Fasteners Market, Sector / Industry Report & Analysis, 2018-2025 industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Asia Pacific Industrial Fasteners Market, Sector / Industry Report & Analysis, 2018-2025 industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Asia Pacific Industrial Fasteners Market, Sector / Industry Report & Analysis, 2018-2025 industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Asia Pacific Industrial Fasteners Market, Sector / Industry Report & Analysis, 2018-2025 industry.

Research Methodology: Asia Pacific Industrial Fasteners Market, Sector / Industry Report & Analysis, 2018-2025 Market
  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.

Table of contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
1.4 List of AbbreviationsChapter 2 Executive SummaryChapter 3 Global Industrial Fasteners Market Scenario
3.1 Product overview
3.2 Asia Pacific industrial fasteners market trends
3.3 Macroeconomic factors in the key industrial fastener markets
    3.3.1 U.S.
    3.3.2 Europe
    3.3.3 China
    3.3.4 India
    3.3.5 Japan
    3.3.6 Other Asian Countries
3.4 Global industrial fasteners market: Imports & exports trade analysis
3.5 Market snapshotChapter 4 Market 
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