Europe Industrial Fasteners Market

Major Europe Industrial Fasteners Market Drivers

The Europe industrial fasteners market is expected to grow due to different key drivers including innovations in the aerospace and automotive industries, an increasing need for hybrid fasteners, and growing investment in the construction sector. The automotive industry extensively uses different types of nuts and bolts. This market is rising due to the growing demand for lightweight and advanced fastening solutions. For instance, Germany, a leading car manufacturer across Europe, relies on industrial fasteners within its automotive sector. Bossard focuses on producing bolts tailored to the demand of automakers, concentrating on weight reduction, corrosion resistance, and high tensile strength. Leveraging advanced materials including high-strength steel and titanium, the company produces high-quality fasteners particularly designed for the automotive industry. These fasteners are advancing vehicle performance, overall quality, and durability which increased the demand for fasteners across Europe and led the Europe industrial fasteners market growth in the forecast period. 

Hybrid fasteners, comprised of plastic, metal, and composites, have attained popularity in different industries, including automotive, construction, and aerospace. Their lightweight and high-performance characteristics make them prevalent and in demand. In European aerospace, hybrid fasteners are extensively used to minimize aircraft weight and advance fuel effectiveness, highlighting their importance in improving technology and performance within the aviation sector. European aerospace leader Airbus incorporates hybrid fasteners into constructing its A350 XWB aircraft. These fasteners offer exceptional resistance to the required conditions witnessed throughout the flight. As a result, there is a significant potential for market growth, propelled by the adoption of improved fastening solutions that improve aircraft performance, reliability, and durability. 

In addition, companies involved in fastener manufacturing demand heavy capital investment because of the large production volumes and strict testing and labeling specifications. Different players are making different growth strategies for huge production and increased distribution of industrial fasteners, including studs, rivets, screws, bolts, and nuts. These companies allocate significant resources towards research and development activities, leading to dynamic market conditions characterized by continuous production development and technological innovations within the market.

Moreover, Germany, Russia, France, and Italy emerge as the foremost countries across the European industrial fasteners markets. The projected growth of industrial fasteners is expected to gain high momentum, specifically following the UK’s departure from the EU during 2020. The automotive sector stands out as the primary driver of revenue within the regional industrial fasteners market. As per the European Automobile Manufacturers Association the European automotive industry exports high-quality products labelled ‘Made in Europe,’ resulting in a trade surplus of USD 85.50 billion for the EU. In addition, EU investment in automotive research and development increased by 6.1% to reach USD 70.37 billion. 

European automakers including Renault, Ford, Benz, and others are increasing investments in the production of durable and lightweight cars. This strategic focus is projected to propel a faster expansion in need for automotive fasteners in Europe. The transport policies and activities within the EU’s Member States have been liberalized, facilitating smoother functions. As per the IATA, there is an estimated annual growth of 5% in global air travel over the coming two decades. In 2006, the European Common Aviation Area was established, including 36 countries, and introducing an integrated aviation market.

Europe includes different countries including Germany, the UK, France, Italy, and many more, and is observing increased investment from companies including Dassault Aviation S.A., Airbus, and others. This rise in investment is propelled by the increasing demand for advanced and lightweight military aircraft. In addition, governments across the country are fostering cooperation to support this industry’s development. 

Top Market Players

Various notable players operating in the market include Fontana Gruppo, ARaymond Industrial, Stanley Black & Decker Inc., Marmon Holdings Inc (Berkshire Hathaway), Nifco Inc., Illinois Tool Works, Agrati Group, LISI Group, TriMas Aerospace among others.

Segments covered in the Report:

The Europe Industrial Fasteners Market has been segmented on the basis of Raw material, Product, Application. Based on the raw material, the market is segmented into plastic fasteners and metal fasteners. Based on the product, the market is segmented into externally threaded fasteners, non-threaded fasteners, internally threaded fasteners and aerospace grade fasteners. Based on the application, the market is segmented into aerospace, automotive, lawns & gardens, industrial machinery, building & construction, furniture, plumbing products, home appliances, motors & pumps and others.

Market Segmentation

Europe Industrial Fasteners Market by Raw Material

• • Plastic Fasteners
  • Metal Fasteners

Europe Industrial Fasteners Market by Product

• • Internally Threaded Fasteners
  • Externally Threaded Fasteners
  • Aerospace Grade Fasteners
  • Non-Threaded Fasteners

Europe Industrial Fasteners Market by Application

• • Aerospace
  • Automotive
  • Industrial Machinery
  • Building & Construction
  • Lawns & Gardens
  • Home Appliances
  • Furniture
  • Motors & Pumps
  • Plumbing Products
  • Others

Europe Industrial Fasteners Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ARaymond Industrial
  • Marmon Holdings Inc (Berkshire Hathaway)
  • Fontana Gruppo
  • Illinois Tool Works
  • Stanley Black & Decker Inc.
  • LISI Group
  • Nifco Inc.
  • Agrati Group
  • TriMas Aerospace