What Has Been The Evolution of the Bolts Market in Recent Years?
The bolts market has seen considerable growth due to a variety of factors.
•The market size for bolts has consistently expanded over the past few years. The market is expected to increase from $48.03 billion in 2024 up to $50.12 billion in 2025, boasting a compound annual growth rate (CAGR) of 4.4%.
This progression during the historic phase can be linked to factors like construction and infrastructure development, expansion in manufacturing and industry, rising automobile production, oil and gas exploration and production, as well as infrastructure repair and maintenance.
What Is the Forecasted Market Size and Growth Rate for The Bolts Market?
The bolts market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of bolts is forecasted to experience robust expansion in the coming years. The market value is predicted to escalate to $62.91 billion by 2029, with a compound annual growth rate (CAGR) of 5.8%.
The factors contributing to this growth are increasing global urbanization, heightened renewable energy projects, electric vehicle (EV) production, overhauling and enhancing infrastructure, and broadened aerospace and defense activities. The key trends include the integration of industry 4.0 in manufacturing processes, increasing adoption of environmentally sustainable bolting solutions, a rising emphasis on bolt testing and certification, and the resilience and globalization of supply chains.
What Factors Are Driving Growth In The Bolts Market?
The bolts market is poised to experience an upswing, stimulated by an increase in construction activities. These activities include a myriad of processes and operations that require time and resources to construct infrastructure, buildings, and other structures. Construction bolts such as anchor bolts and structural bolts are utilized in a plethora of construction tasks, ranging from attaching beams to columns or walls, fastening deck boards, securing joists to ledgers, and establishing strong bases for buildings or bridges. For example, a recent statistical report from the United States Census Bureau, a US-based division of the U.S. Federal Statistical System, indicated that total construction expenditure in the United States escalated from $1.54 trillion in November 2020 to $1.84 trillion in November 2022, a surge of 16.3%. Moreover, in September 2024, as reported by Trading Economics, a platform known for providing comprehensive economic data and insights for over 196 countries, housing starts in the United States amplified to 1,356 thousand units in August 2024, from 1,237 thousand units in July. The number of housing starts is expected to ascend to 1,470 thousand units by the end of the ongoing quarter. The escalation in construction activities, therefore, will push the bolts market towards growth.
What Are The Main Segments Of The Global Bolts Market?
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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What Emerging Trends Are Influencing The Growth Of The Bolts Market?
The rise in technological improvements is a prevailing pattern observed in the bolts market. Firms in the bolt market are debuting fresh products to maintain their market standing. For instance, in April 2023, Lindapter International, a construction corporation based in the UK, introduced the Hollo-Bolt plug-in tool. This tool, designed to simplify the installation of Hollo-Bolt fasteners, is particularly useful in structural uses involving hollow sections with access only from one side. It allows for the efficient and fast tightening of Hollo-Bolts, securing a robust connection without requiring welding or additional parts. This tool elevates the speed and ease of installation, making it perfect for large-scale construction tasks and high-pressure environments.
Who Are the Key Players 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
What Is The Most Dominant Region 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.
