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.

Non-Structural Stainless Steel Fasteners Market

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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.

Non-Structural Stainless Steel Fasteners Market1

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 Market3

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”).

Non-Structural Stainless Steel Fasteners Market Scope
Market Size in 2023	USD 90.53 Bn.
Market Size in 2030	USD 129.09 Bn.
CAGR (2024-2030)	5.2 %
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segments	By Product Type Screws Bolts Nuts Others
	By Application Decking Siding Trim Others
	By End-Use Industry Construction Manufacturing Automotive Electronics Others
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

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Frequently Asked Questions

1. What are the growth drivers for the Non-Structural Stainless Steel Fasteners market?

Growing Construction Industry are expected to be the major drivers of the market.

2. What is the Challenge for the Non-Structural Stainless Steel Fasteners market growth?

fluctuation price of stainless steel is challenge for the Non-Structural Stainless Steel Fasteners market growth.

3. What is the projected Non-Structural Stainless Steel Fasteners market size & and growth rate of the Market?

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.

4. What segments are covered in the Market report?

The segments covered in the market report are by product, Application and end-Use industry.

1.   Non-Structural Stainless Steel Fasteners Market: Research Methodology
1.1. Research Data
1.1.1.   Primary Data
1.1.2.   Secondary Data
1.2. Market Size Estimation
1.2.1.   Bottom-Up Approach
1.2.2.   Top-Down Approach
1.3. Market Breakdown and Data Triangulation
1.4. Assumptions
2.   Non-Structural Stainless Steel Fasteners Market: Executive Summary
2.1. Market Overview
2.2. Market Size (2023) and Forecast (2024 – 2030) and Y-O-Y%
2.3. Market Size (USD) and Market Share (%) – By Segments and Regions
3.   Non-Structural Stainless Steel Fasteners Market: Competitive Landscape
3.1. Stellar Competition Matrix
3.2. Key Players Benchmarking
3.2.1.   Company Name
3.2.2.   Headquarter
3.2.3.   Product Segment
3.2.4. End-user Segment
3.2.5. Y-O-Y%
3.2.6. Revenue (2023)
3.2.7. Profit Margin
3.2.8. Market Share
3.2.9. Company Locations
3.3. Market Structure
3.3.1.   Market Leaders
3.3.2.   Market Followers
3.3.3.   Emerging Players
3.4. Consolidation of the Market
3.4.1. Strategic Initiatives and Developments
3.4.2. Mergers and Acquisitions
3.4.3. Collaborations and Partnerships
3.4.4. Product Launches and Innovation
4.   Non-Structural Stainless Steel Fasteners Market: Dynamics
4.1. Market Trends by Region
4.1.1. North America
4.1.2. Europe
4.1.3. Asia Pacific
4.1.4. Middle East and Africa
4.1.5. South America
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Challenges
4.6. PORTER’s Five Forces Analysis
4.6.1. Intensity of the Rivalry
4.6.2. Threat of New Entrants
4.6.3. Bargaining Power of Suppliers
4.6.4. Bargaining Power of Buyers
4.6.5. Threat of Substitutes
4.7. PESTLE Analysis
4.7.1. Political Factors
4.7.2. Economic Factors
4.7.3. Social Factors
4.7.4. Technological Factors
4.7.5. Legal Factors
4.7.6. Environmental Factors
4.8. Technological Roadmap
4.9. Value Chain Analysis
4.10. Regulatory Landscape by Region
4.10.1.   North America
4.10.2.   Europe
4.10.3.   Asia Pacific
4.10.4.   Middle East and Africa
4.10.5.   South America
5.   Non-Structural Stainless Steel Fasteners Market Size and Forecast by Segments (by Value USD Million)
5.1. Non-Structural Stainless Steel Fasteners Market Size and Forecast, By Product Type (2023-2030)
5.1.1.   Screws
5.1.2.   Bolts
5.1.3.   Nuts
5.1.4.   Others
5.2. Non-Structural Stainless Steel Fasteners Market Size and Forecast, By Application (2023-2030)
5.2.1.   Decking
5.2.2.   Siding
5.2.3.   Trim
5.2.4.   Others
5.3. Non-Structural Stainless Steel Fasteners Market Size and Forecast, By End-Use Industry (2023-2030)
5.3.1.   Construction
5.3.2.   Manufacturing
5.3.3.   Automotive
5.3.4.   Electronics
5.3.5.   Others
5.4. Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Region (2023-2030)
5.4.1.   North America
5.4.2.   Europe
5.4.3.   Asia Pacific
5.4.4.   Middle East and Africa
5.4.5.   South America
6.   North America Non-Structural Stainless Steel Fasteners Market Size and Forecast (by Value USD Million)
6.1. North America Non-Structural Stainless Steel Fasteners Market Size and Forecast, By Product Type (2023-2030)
6.1.1.   Screws
6.1.2.   Bolts
6.1.3.   Nuts
6.1.4.   Others
6.2. North America Non-Structural Stainless Steel Fasteners Market Size and Forecast, By Application (2023-2030)
6.2.1.   Decking
6.2.2.   Siding
6.2.3.   Trim
6.2.4.   Others
6.3. North America Non-Structural Stainless Steel Fasteners Market Size and Forecast, By End-Use Industry (2023-2030)
6.3.1.   Construction
6.3.2.   Manufacturing
6.3.3.   Automotive
6.3.4.   Electronics
6.3.5.   Others
6.4. North America Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Country (2023-2030)
6.4.1.   United States
6.4.2.   Canada
6.4.3.   Mexico
7.   Europe Non-Structural Stainless Steel Fasteners Market Size and Forecast (by Value USD Million)
7.1. Europe Non-Structural Stainless Steel Fasteners Market Size and Forecast, By Product Type (2023-2030)
7.2. Europe Non-Structural Stainless Steel Fasteners Market Size and Forecast, By Application (2023-2030)
7.3. Europe Non-Structural Stainless Steel Fasteners Market Size and Forecast, By End-Use Industry (2023-2030)
7.4. Europe Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Country (2023-2030)
7.4.1.   UK
7.4.2.   France
7.4.3.   Germany
7.4.4.   Italy
7.4.5.   Spain
7.4.6.   Sweden
7.4.7.   Austria
7.4.8.   Rest of Europe
8.   Asia Pacific Non-Structural Stainless Steel Fasteners Market Size and Forecast (by Value USD Million)
8.1. Asia Pacific Non-Structural Stainless Steel Fasteners Market Size and Forecast, By Product Type (2023-2030)
8.2. Asia Pacific Non-Structural Stainless Steel Fasteners Market Size and Forecast, By Application (2023-2030)
8.3. Asia Pacific Non-Structural Stainless Steel Fasteners Market Size and Forecast, By End-Use Industry (2023-2030)
8.4. Asia Pacific Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Country (2023-2030)
8.4.1.   China
8.4.2.   S Korea
8.4.3.   Japan
8.4.4.   India
8.4.5.   Australia
8.4.6.   Indonesia
8.4.7.   Malaysia
8.4.8.   Vietnam
8.4.9.   Taiwan
8.4.10.   Bangladesh
8.4.11.   Pakistan
8.4.12.   Rest of Asia Pacific
9.   Middle East and Africa Non-Structural Stainless Steel Fasteners Market Size and Forecast (by Value USD Million)
9.1. Middle East and Africa Non-Structural Stainless Steel Fasteners Market Size and Forecast, By Product Type (2023-2030)
9.2. Middle East and Africa Non-Structural Stainless Steel Fasteners Market Size and Forecast, By Application (2023-2030)
9.3. Middle East and Africa Non-Structural Stainless Steel Fasteners Market Size and Forecast, By End-Use Industry (2023-2030)
9.4. Middle East and Africa Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Country (2023-2030)
9.4.1.   South Africa
9.4.2.   GCC
9.4.3.   Egypt
9.4.4.   Nigeria
9.4.5.   Rest of ME&A
10.   South America Non-Structural Stainless Steel Fasteners Market Size and Forecast (by Value USD Million)
10.1. South America Non-Structural Stainless Steel Fasteners Market Size and Forecast, By Product Type (2023-2030)
10.2. South America Non-Structural Stainless Steel Fasteners Market Size and Forecast, By Application (2023-2030)
10.3. South America Non-Structural Stainless Steel Fasteners Market Size and Forecast, By End-Use Industry (2023-2030)
10.4. South America Non-Structural Stainless Steel Fasteners Market Size and Forecast, by Country (2023-2030)
10.4.1.   Brazil
10.4.2.   Argentina
10.4.3.   Rest of South America
11.   Company Profile: Key players
11.1. Stanley Black & Decker, Inc. - United States
11.1.1.   Company Overview
11.1.2.   Product Segment
11.1.2.1.   Product Name
11.1.2.2.   Product Details (Price, Features, etc.)
11.1.3.   Financial Overview
11.1.3.1.   Total Revenue
11.1.3.2.   Segment Revenue
11.1.3.3.   Regional Revenue
11.1.4.   SWOT Analysis
11.1.5.   Strategic Analysis
11.1.6.   Recent Developments
11.2. Illinois Tool Works Inc. -, United States
11.3. Nippon Steel Corporation - Japan
11.4. Penn Engineering & Manufacturing Corp. - United States
11.5. LISI Group - Paris, France
11.6. MW Industries, Inc. - United States
11.7. Nucor Corporation - United States
11.8. Arconic Fastening Systems and Rings
11.9. Nucor Corporation - United States
11.10. Fontana Gruppo - Italy
11.11. Fastenal Company - United States
11.12. KAMAX Holding GmbH & Co. KG - Germany
11.13. Shanghai Prime Machinery Company Limited - China
11.14. NORMA Group SE - Germany
11.15. Gem-Year Industrial Co., Ltd. - Taiwan
12.   Key Findings
13.   Industry Recommendations
13.1. Strategic Recommendations
13.2. Future Outlook