The Business Research Company’s report on the Bolts Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the bolts market further?
The rising number of construction activities is expected to propel the growth of the bolts market going forward. Construction activities encompass a wide range of operations and procedures that need resources and time to construct buildings, structures, and infrastructure facilities. Construction bolts, including structural bolts and anchor bolts, are used in a wide range of construction applications, including securing beams to columns or walls, attaching joists to ledgers, fastening deck boards, and forming secure foundations for bridges or buildings. For instance, in March 2023, according to a recent statistical report published by the United States Census Bureau, a US-based agency of the U.S. Federal Statistical System, total construction spending in the United States was $1.54 trillion in November 2020, and it grew to $1.84 trillion in November 2022, reflecting a 16.3% rise. Furthermore, in September 2024, according to Trading Economics, it will be a comprehensive platform that provides extensive economic data and analysis for over 196 countries. In the United States, housing starts rose to 1,356 thousand units in August 2024, up from 1,237 thousand units in July. By the end of the current quarter, housing starts are projected to reach 1,470 thousand units. Therefore, the rise in construction activities will drive the growth of the bolts market.
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What are the key factors influencing the forecasted market size of the bolts industry?
The bolts market size has grown steadily in recent years. It will grow from $48.03 billion in 2024 to $50.12 billion in 2025 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to construction and infrastructure development, manufacturing and industrial expansion, automotive production growth, oil and gas exploration and production, infrastructure repair and maintenance
The bolts market size is expected to see strong growth in the next few years. It will grow to $62.91 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to global urbanization trends, renewable energy projects, electric vehicle (EV) manufacturing, infrastructure resilience and upgradation, expanding aerospace and defense activities. Major trends in the forecast period include adoption of industry 4.0 in manufacturing, rising eco-friendly bolting solutions, increasing focus on bolt testing and certification, globalization and supply chain resilience.
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Who are the leading competitors in the bolts market?
Major companies operating in the bolts market include Nippon Steel, Arconic Corporation, KAMAX Holding GmbH & Co. KG., Acument Intellectual Properties LLC, Keller & Kalmbach GmbH, Reyher Nchfg. GmbH & Co. KG., Fabory Group, Fastenal Company, US Bolt Manufacturing Inc., Easylink Industrial Co. Ltd., Brunner Manufacturing Co. Inc., Elgin Fastener Group LLC, Dokka Fasteners AS, Fastco Industries Inc., Rockford Fastener Inc., Big Bolt Nut, Leland Industries Inc., Jignesh Steel, Hague Fasteners, Kpf Co.Ltd., B&G Manufacturing Co. Inc., Hanger Bolt & Stud Co., BTM Manufacturing, Chicago Nut & Bolt Inc., National Bolt & Nut Corporation, AB Steel Inc., KD Fasteners Inc., Würth Industrie Service GmbH & Co. KG., Ifastgroupe
Which emerging trends are set to transform the bolts market landscape?
Technological advancements are the key trends gaining popularity in the bolts market. Companies operating in the bolt market are launching new product to sustain their position in the market. For instance, in April 2023, Lindapter International, a UK-based construction company, launched Hollo-Bolt plug in tool. The Hollo-Bolt plug-in tool is created to make the installation of Hollo-Bolt fasteners easier, especially in structural applications involving hollow sections with one-sided access. It enables users to tighten Hollo-Bolts quickly and effectively, ensuring a strong connection without the need for welding or extra components. This tool enhances installation speed and convenience, making it ideal for large construction projects and high-pressure settings.
How do different geographies compare in terms of market share and growth potential in the bolts market?
Asia-Pacific was the largest region in the bolts market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bolts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which major segments of the bolts market are experiencing the fastest growth?
The bolts market covered in this report is segmented –
1) By Type: Half Screw Bolt, Full Screw Bolt
2) By Material: Metal, Plastic, Other Materials
3) By Grade: Grade 5.8, Grade 8.8, Grade 10.9, Grade 12.9, Other Grades
4) By End-User: Automotive, Aerospace, Construction, Industry Machinery, Other End-Users
Subsegments:
1) By Half Screw Bolt: Hex Half Screw Bolts, Socket Half Screw Bolts, Other Half Screw Bolt Variants
2) By Full Screw Bolt: Hex Full Screw Bolts, Socket Full Screw Bolts, Other Full Screw Bolt Variants
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How is the bolts market defined, and what are its core characteristics?
Bolts refer to a long metal piece with chiseled threading used to connect objects that screws into a nut which provides a significant amount of gripping power. They are used in conjunction with a nut to connect two components and in the development of mass-produced items and steel structures.
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