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Non-Structural Stainless Steel Fasteners Market: Global Industry Analysis and Forecast (2024-2030)
The Non-Structural Stainless Steel Fasteners Market size was valued at USD 90.53 Bn. in 2023 and the total Non-Structural Stainless Steel Fasteners revenue is expected to grow at a CAGR of 5.2 % from 2024 to 2030, reaching nearly USD 129.09 Bn. by 2030.
Format : PDF | Report ID : SMR_1756
Non-Structural Stainless Steel Fasteners Market Overview:
Non-structural stainless-steel fasteners are hardware devices used to join or attach two or more objects securely. The fasteners are made from stainless steel, which is a corrosion-resistant and durable material. They are widely used in industries such as automotive, aerospace, construction, electronics, and marine thanks to their excellent strength, reliability, and resistance to extreme temperatures.
The reports provide the latest market developments, potential areas for future growth, and information about the competitive landscape. The Non-Structural Stainless-Steel Fasteners market has experienced remarkable growth, fuelled by growing consumer appreciation for its visually appealing design, enduring durability, and environmentally conscious features. Reports include a detailed assessment of market segments, such as product types, applications, End-use industries, and regions, providing a granular view of the market landscape.
The Non-structural Stainless Steel Fasteners market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Non-structural Stainless Steel Fasteners survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Non-structural Stainless Steel Fasteners industry.
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Non-Structural Stainless Steel Fasteners Market Dynamics:
Non-Structural Stainless Steel Fasteners Market Surges with Construction and Manufacturing Growth
Growing Construction Industry, such as residential, commercial, and infrastructure projects is driving the Non-Structural Stainless Steel Fasteners Market. The material is used in the construction industry because of its diverse properties including corrosion resistance, life-cycle costing benefits, aesthetic finish, non-magnetic, high ductility, high strength, and excellent low and high-temperature advantages. Bridges, skyscrapers, and transit networks are among the many enormous infrastructure projects that are being built in growing economies like China and India. The market for stainless steel fasteners grows as a result of these projects.
The surge in the manufacturing industry is driving the Non-Structural Stainless Steel Fasteners Market. Manufacturers of non-structural stainless-steel fasteners such as bolts, screws, nuts, studs, and rivets require significant capital investments owing to their high production volumes and stringent specifications concerning their testing and labeling.
Navigating Challenges in the Stainless-Steel Fasteners Industry
The economies of the main nations that produce stainless steel, including China, the US, and Europe, are closely related to the stainless-steel sector. Consequently, variations in trade regulations or economic occurrences in the areas cause swings in the price of stainless steel, which has an immediate effect on the expenses associated with producing stainless steel fasteners.
A significant challenge in the complex industry of fasteners is the quality control. It is crucial to ensure that fasteners meet the required specifications and standards for the safety and reliability of the devices. Some factors that contribute to inconsistencies in the performance of fasteners include variability in manufacturing processes, raw material quality, and environmental conditions. The production and fabrication of fasteners in facilities often involve the use of materials and chemicals that cause harmful impacts on the environment. As worldwide environmental regulations become tight on manufacturers, the industry struggles with pressure to reduce their environmental footprint.
Non-Structural Stainless Steel Fasteners Market Segments Analysis:
By End-use industry, the Automotive industry hold the largest share in 2023 for the Non-Structural Stainless Steel Fasteners Market. In the automotive industry, fasteners are used to secure two or more parts in an automobile. As automobiles are often subject to stressful conditions both internally and externally, fasteners play an important role in ensuring car equipment safety. Fasteners used in automobiles are nuts, bolts, and washers. Nuts secure the attachment of bolts and screws to a given surface, and they use interior female threading. Bolts are normally threaded with pins and rods they are characterized by heads and are employed for constructing the wheel. The most common type of fastener used in the automobile industry is the Hex head bolt, closely followed by the hex-headed cap screw and the stud. A stud is a hybrid between a screw and a bolt.
In the automotive industry, the quantity of steel in a car body varies notably. The mid-size car incorporates approximately 900 to 1,400 kilograms (1 to 1.4 metric tons) of steel. The range applies across vehicle types compact cars typically weigh 900 to 1,000 kilograms, and mid-size sedans hover between 1,000 and 1,200 kilograms. In comparison, larger SUVs and trucks encompass 1,200 to 1,400 kilograms or more thanks to their increased dimensions and potentially sturdier construction.
According to the International Organisation of Motor Vehicle Manufacturers, 54,56,857 vehicles were produced in India in 2023 out of which 10,17,818 were commercial vehicles (large, heavy-duty vehicles), while the remaining 4439039 were cars. Some key players in Non-Structural Stainless Steel Fasteners Market such as IQS Directory provides an extensive list of automotive fastener manufacturers and suppliers. Eagle Fastener Corporation has been a leading industrial fastener. Telfast is an importer & manufacturer with a focus on providing industrial fasteners & truck parts at competitive prices.
Non-Structural Stainless Steel Fasteners Market Competitive Analysis:
- In 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.
- In May 2023, Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) announced today that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (“Apollo”), in an all-cash transaction that values the Company at an enterprise value of approximately $5.2 billion. The transaction includes a minority investment from funds managed by affiliates of Irenic Capital Management (“Irenic”).
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Non-Structural Stainless Steel Fasteners Market Scope |
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Market Size in 2023 |
USD 90.53 Bn. |
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Market Size in 2030 |
USD 129.09 Bn. |
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CAGR (2024-2030) |
5.2 % |
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Historic Data |
2018-2022 |
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Base Year |
2023 |
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Forecast Period |
2024-2030 |
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Segments |
By Product Type Screws Bolts Nuts Others |
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By Application Decking Siding Trim Others |
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By End-Use Industry Construction Manufacturing Automotive Electronics Others |
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Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Non-Structural Stainless Steel Fasteners Market:
- Stanley Black & Decker, Inc. - United States
- Illinois Tool Works Inc. -, United States
- Nippon Steel Corporation - Japan
- Penn Engineering & Manufacturing Corp. - United States
- LISI Group - Paris, France
- MW Industries, Inc. - United States
- Nucor Corporation - United States
- Arconic Fastening Systems and Rings
- Nucor Corporation - United States
- Fontana Gruppo - Italy
- Fastenal Company - United States
- KAMAX Holding GmbH & Co. KG - Germany
- Shanghai Prime Machinery Company Limited - China
- NORMA Group SE - Germany
- Gem-Year Industrial Co., Ltd. - Taiwan
Frequently Asked Questions
fluctuation price of stainless steel is challenge for the Non-Structural Stainless Steel Fasteners market growth.
The Market size was valued at USD 90.53 Billion in 2023 and the total Market revenue is expected to grow at a CAGR of5.5.2% from 2024 to 2030, reaching nearly USD 129.09 Billion.
The segments covered in the market report are by product, Application and end-Use industry.
1. Non-Structural Stainless Steel Fasteners Market: Research Methodology
2. Non-Structural Stainless Steel Fasteners Market: Executive Summary
3. Non-Structural Stainless Steel Fasteners Market: Competitive Landscape
4. Potential Areas for Investment
4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1. Market Leaders
4.4.2. Market Followers
4.4.3. Emerging Players
4.5. Consolidation of the Market
5. Non-Structural Stainless Steel Fasteners Market Import Export Landscape
5.1. Import Trends
5.2. Export Trends
5.3. Regulatory Compliance
5.4. Major Export Destinations
5.5. Import-Export Disparities
6. Non-Structural Stainless Steel Fasteners Market: Dynamics
6.1. Market Driver
6.1.1. Increasing Consumer Awareness
6.1.2. Innovation in Product Offerings
6.2. Market Trends by Region
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Middle East and Africa
6.2.5. South America
6.3. Market Drivers by Region
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Middle East and Africa
6.3.5. South America
6.4. Market Restraints
6.5. Market Opportunities
6.6. Market Challenges
6.7. PORTER’s Five Forces Analysis
6.8. PESTLE Analysis
6.9. Technological Roadmap
6.10. Strategies for New Entrants to Penetrate the Market
6.11. Analysis of Government Schemes and Initiatives for the Non-Structural Stainless Steel Fasteners Industry
6.12. Regulatory Landscape by Region
6.12.1. North America
6.12.2. Europe
6.12.3. Asia Pacific
6.12.4. Middle East and Africa
6.12.5. South America
7. Non-Structural Stainless Steel Fasteners Market Size and Forecast by Segments (by Value Units)
7.1. Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Product Type (2023-2030)
7.1.1. Screws
7.1.2. Bolts
7.1.3. Nuts
7.1.4. Others
7.2. Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Application (2023-2030)
7.2.1. Decking
7.2.2. Siding
7.2.3. Trim
7.2.4. Others
7.3. Non-Structural Stainless Steel Fasteners Market Size and Forecast, by End-Use Industry (2023-2030)
7.3.1. Construction
7.3.2. Manufacturing
7.3.3. Automotive
7.3.4. Electronics
7.3.5. Others
7.4. Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Region (2023-2030)
7.4.1. North America
7.4.2. Europe
7.4.3. Asia Pacific
7.4.4. Middle East and Africa
7.4.5. South America
8. North America Non-Structural Stainless Steel Fasteners Market Size and Forecast (by value Units)
8.1. North America Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Product Type (2023-2030)
8.1.1. Screws
8.1.2. Bolts
8.1.3. Nuts
8.1.4. Others
8.2. North America Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Application (2023-2030)
8.2.1. Decking
8.2.2. Siding
8.2.3. Trim
8.2.4. Others
8.3. Non-Structural Stainless Steel Fasteners Market Size and Forecast, by End-Use Industry (2023-2030)
8.3.1. Construction
8.3.2. Manufacturing
8.3.3. Automotive
8.3.4. Electronics
8.3.5. Others
8.4. North America Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Country (2023-2030)
8.4.1. United States
8.4.2. Canada
8.4.3. Mexico
9. Europe Non-Structural Stainless Steel Fasteners Market Size and Forecast (by Value Units)
9.1. Europe Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Product Type (2023-2030)
9.1.1. Screws
9.1.2. Bolts
9.1.3. Nuts
9.1.4. Others
9.2. Europe Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Application (2023-2030)
9.2.1. Decking
9.2.2. Siding
9.2.3. Trim
9.2.4. Others
9.3. Non-Structural Stainless Steel Fasteners Market Size and Forecast, by End-Use Industry (2023-2030)
9.3.1. Construction
9.3.2. Manufacturing
9.3.3. Automotive
9.3.4. Electronics
9.3.5. Others
9.4. Europe Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Country (2023-2030)
9.4.1. UK
9.4.2. France
9.4.3. Germany
9.4.4. Italy
9.4.5. Spain
9.4.6. Sweden
9.4.7. Russia
9.4.8. Rest of Europe
10. Asia Pacific Non-Structural Stainless Steel Fasteners Market Size and Forecast (by Value Units)
10.1. Asia Pacific Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Product Type (2023-2030)
10.1.1. Screws
10.1.2. Bolts
10.1.3. Nuts
10.1.4. Others
10.2. Asia Pacific Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Application (2023-2030)
10.2.1. Decking
10.2.2. Siding
10.2.3. Trim
10.2.4. Others
10.3. Non-Structural Stainless Steel Fasteners Market Size and Forecast, by End-Use Industry (2023-2030)
10.3.1. Construction
10.3.2. Manufacturing
10.3.3. Automotive
10.3.4. Electronics
10.3.5. Others
10.4. Asia Pacific Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Country (2023-2030)
10.4.1. China
10.4.2. S Korea
10.4.3. Japan
10.4.4. India
10.4.5. Australia
10.4.6. ASIAN
10.4.7. Rest of Asia Pacific
11. Middle East and Africa Non-Structural Stainless Steel Fasteners Market Size and Forecast (by Value Units)
11.1. Middle East and Africa Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Product Type (2023-2030)
11.1.1. Screws
11.1.2. Bolts
11.1.3. Nuts
11.1.4. Others
11.2. Middle East and Africa Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Application (2023-2030)
11.2.1. Decking
11.2.2. Siding
11.2.3. Trim
11.2.4. Others
11.3. Non-Structural Stainless Steel Fasteners Market Size and Forecast, by End-Use Industry (2023-2030)
11.3.1. Construction
11.3.2. Manufacturing
11.3.3. Automotive
11.3.4. Electronics
11.3.5. Others
11.4. Middle East and Africa Starch-based bio plastics Market Size and Forecast, by Country (2023-2030)
11.4.1. South Africa
11.4.2. GCC
11.4.3. Egypt
11.4.4. Rest of ME&A
12. South America Starch-based bio plastics Market Size and Forecast (by Value Units)
12.1. South America Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Product Type (2023-2030)
12.1.1. Screws
12.1.2. Bolts
12.1.3. Nuts
12.1.4. Others
12.2. South America Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Application (2023-2030)
12.2.1. Decking
12.2.2. Siding
12.2.3. Trim
12.2.4. Others
12.3. Non-Structural Stainless Steel Fasteners Market Size and Forecast, by End-Use Industry (2023-2030)
12.3.1. Construction
12.3.2. Manufacturing
12.3.3. Automotive
12.3.4. Electronics
12.3.5. Others
12.4. South America Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Country (2023-2030)
12.4.1. Brazil
12.4.2. Argentina
12.4.3. Rest of South America
13. Company Profile: Key players
13.1. Stanley Black & Decker, Inc. - United States
13.1.1. Company Overview
13.1.2. Financial Overview
13.1.3. Business Portfolio
13.1.4. SWOT Analysis
13.1.5. Business Strategy
13.1.6. Recent Developments
13.2. Illinois Tool Works Inc. -, United States
13.3. Nippon Steel Corporation - Japan
13.4. Penn Engineering & Manufacturing Corp. - United States
13.5. LISI Group - Headquarters: Paris, France
13.6. MW Industries, Inc. - United States
13.7. Nucor Corporation - United States
13.8. Arconic Fastening Systems and Rings
13.9. Nucor Corporation - United States
13.10. Fontana Gruppo - Italy
13.11. Fastenal Company - United States
13.12. KAMAX Holding GmbH & Co. KG - Germany
13.13. Shanghai Prime Machinery Company Limited - China
13.14. NORMA Group SE - Germany
13.15. Gem-Year Industrial Co., Ltd. - Taiwan
14. Key Findings
15. Industry Recommendation
