The industrial fastener market in North America is poised for significant growth, with an estimated value of $3.55 billion in 2024. Over the next decade, the market is expected to experience a solid compound annual growth rate (CAGR) of 5.4%, reaching $6.01 billion by 2034.
Industrial fasteners are essential components used to mechanically attach or secure two or more objects together. These fasteners, including tamper-proof varieties, are crucial in industries such as construction, automotive, aerospace, and energy. The term “industrial fastener” encompasses a wide range of devices tailored for specialized applications, available in various shapes, sizes, and materials to meet different needs.
The growth in the industrial fastener market is largely driven by expanding infrastructure projects and a resurgence in manufacturing activities. As infrastructure development—spanning road construction, building projects, and energy installations—continues to rise, the demand for fasteners, which play an integral role in assembling and securing components, is also increasing.
Additionally, the adoption of advanced fasteners in emerging sectors and the growing popularity of online sales channels are opening up new opportunities. With continued demand from multiple industries, the industrial fastener market in North America is expected to maintain a positive trajectory throughout the next decade.
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