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Global Bolts market was valued at US$ 8.29 Bn in 2023, and is expected to exhibit a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030.  

The global bolts market plays a critical role in the fasteners Grade, serving as an essential component in various sectors, including construction, automotive, aerospace, machinery, and infrastructure. Bolts are indispensable for joining and securing multiple components together, ensuring the structural integrity of diverse applications. Several types of bolts are commonly used across industries. Hex bolts, with their six-sided head and threaded shaft, are among the most prevalent. The bolts market is subject to constant changes, advancements, and developments. To obtain the most up-to-date information on this market, it is recommended to refer to current sources and market reports.

Global Bolts Market: Regional Insights

Asia-Pacific is one of the most prominent regions in the global bolts market, driven primarily by the region's robust industrialization, construction activities, and infrastructural developments. Countries like China, Japan, India, South Korea, and Southeast Asian nations have witnessed rapid economic growth, leading to increased demand for bolts in various industries. The automotive and aerospace sectors in the region also contribute to the high consumption of bolts. Additionally, Asia-Pacific is home to several major bolt manufacturers, making it a significant production hub for the global market.

North America, including the United States and Canada, is another major player in the global bolts market. The region's well-established automotive, aerospace, and construction industries drive the demand for bolts and other fasteners. The repair and maintenance of existing infrastructure also contribute to the consumption of bolts in this region. Moreover, advancements in technology and research and development activities play a key role in the manufacturing of specialized and high-performance bolts.

Europe is a prominent market for bolts, with countries like Germany, France, Italy, and the United Kingdom being major contributors to the Grade. The region's strong manufacturing base and well-developed infrastructure support the demand for bolts. European manufacturers often focus on producing high-quality and precision-engineered bolts, catering to diverse industrial needs. Moreover, the region's emphasis on sustainability and adherence to environmental standards has led to the development of eco-friendly bolts and greener manufacturing practices.

Latin America's bolts market is influenced by its construction and automotive industries. Countries like Brazil, Mexico, and Argentina drive the demand for bolts due to ongoing infrastructure development and an expanding automotive sector. However, political and economic fluctuations in the region can impact the overall market dynamics.

The bolts market in the Middle East and Africa is characterized by increasing construction activities, driven by investments in infrastructure, energy, and transportation projects. Countries like Saudi Arabia, the UAE, and South Africa are prominent consumers of bolts in the region. The oil and gas Grade also creates demand for specialized bolts in this area.

Figure 1: Global Bolts Market Share (%), By Region, 2022


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Global Bolts Market: Drivers

Growth of building and construction sector

Bolts made of stainless steel, carbon steel, aluminum, brass, silicon bronze, and mild steel are utilized in several applications in the construction sector such as in the joining of structural elements and installation of materials on surfaces. They are widely used for the construction of structures such as buildings, bridges, tunnels, highways, piers, and railings. High strength and load-bearing capacity are required in the construction Grade, which results in low demand for plastic bolts. Metal bolts are the preferred choice in the construction Grade as they are durable, safe, and help minimize risk of accidents. Growth in the number of new residential, commercial, and infrastructural construction projects in Asia Pacific countries is expected to drive the growth of the bolts market in the coming years. As per reports published by India Brand Equity Foundation (IBEF), the government of India has allocated a budget of USD 1.87 billion to support initiatives such as Housing for All and Smart Cities Mission as per the Union Budget 2021. In addition, the construction sector and infrastructure activities sector received FDI inflows worth USD 25.78 billion and USD 17.22 billion, respectively, between April 2000 and September 2020.

Innovations in the bolting process

Bolts are often installed manually by workers, where they need to handle the bolts with various dimensions cautiously and it must be fed on time into semi-automated fastening tool. This affects the overall productivity of machine and increases the total cos. Moreover, it also leads to Typedamage or inaccuracy. Conventional work process for modern materials exerts cost and time pressure on the OEMs. In order to reduce the operating time, manufacturers are adopting the innovative and automated delivery system, which is engineered to fix parts fast and accurately in the desired area. Manual operations are replaced by the stick of serially connected bolts, which are applied serially in the desired area of application. This helps to reduce the time, efforts, errors and damages and increases the quality along with efficiency of the bolt.

Bolts Market Report Coverage

Report Coverage Details
Base Year: 2023 Market Size in 2023: US$ 8.29 Bn
Historical Data for: 2018 to 2021 Forecast Period: 2023 to 2030
Forecast Period 2023 to 2030 CAGR: 4.7% 2030 Value Projection: US$ 11.44 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East & Africa:  CC Countries, Israel, and Rest of Middle East, South Africa, North Africa, and Central Africa
Segments covered:
  • By Type: Half Screw Bolt, Full Screw Bolt
  • By Grade: GR 5.8, GR 8.8, GR 10.9, GR 12.9, Others
  • By Application: Construction, Petrochemical, Heavy Machinery Equipment, Automotive, Aerospace, Home Appliances, Lawn and Garden, Motors and Pumps,  Furniture, Plumbing Products, Others
Companies covered:

Fabory, Fastenal Company, Würth Industrie Service GmbH & Co. KG, REYHER, KELLER & KALMBACH GmbH, AB STEEL, Brunner Manufacturing Co., Inc. KD FASTENERS, INC., ckford Fastener, Inc., AMARDEEP STEEL, Viha Steel & Forging

Growth Drivers:
  • Growth of building and construction sector 
  • Innovations in the bolting process
Restraints & Challenges:
  • Volatility in Raw Material Prices
  • Dependency on Application Industries

Global Bolts Market: Opportunities

Technological Advancements:

Advancements in bolt manufacturing technologies, including automation and precision engineering, offer opportunities to improve the efficiency and quality of bolt production. Companies investing in research and development can gain a competitive edge by offering high-performance bolts with enhanced features. For instance FastBolt Industries has recently implemented automated manufacturing processes in its production facilities. By leveraging robotics and sophisticated machinery, the company has significantly increased the efficiency of bolt production. The automated systems handle tasks such as material cutting, threading, and quality inspection, reducing manual labor and production time.

Expansion in Emerging Markets:

Rapid industrialization and urbanization in emerging economies present significant growth opportunities for companies in the bolts market. As these regions experience economic development and infrastructural expansion, there is an increasing demand for fasteners, including bolts, to support various industries and construction projects. Companies that establish a strong presence in these emerging markets can tap into the growing demand, expand their customer base, and secure a competitive advantage. For instance Indonesia, as one of the rapidly growing economies in Southeast Asia, is experiencing significant infrastructure development and industrial growth. The government has launched several ambitious projects to improve transportation, construct new buildings, and expand energy and power sectors.

Global Bolts Market: Trends

Adoption of High-Strength Bolts

The adoption of high-strength bolts is a significant trend in the global bolts market, driven by the need for enhanced safety and reliability in various industries. High-strength bolts offer superior load-bearing capacity and tensile strength compared to standard bolts, making them well-suited for critical applications where structural integrity and durability are paramount. Let's further explore this trend and provide an instance to illustrate its impact. For instance Boeing Co.one of the world's leading aerospace manufacturers, known for producing commercial airplanes, defense systems, and space-related technologies. They are a prominent player in the aerospace Grade and have a strong focus on innovation and advanced engineering. Boeing uses high-strength bolts extensively in the assembly of their aircraft. These bolts play a critical role in ensuring the structural integrity and safety of their airplanes. One notable example is Boeing's 787 Dreamliner, a popular wide-body aircraft known for its fuel efficiency and advanced composite materials.

Growing Infrastructure Projects:

The surge in large-scale infrastructure projects worldwide has indeed led to an increased demand for fasteners, including bolts. As countries prioritize modernization and sustainable development, investments in transportation networks, renewable energy installations, and urban development have become paramount. These projects require a vast range of fasteners, such as bolts, to secure and connect various components, ensuring the safety and longevity of the constructed facilities. For example transportation sector, infrastructure projects in the transportation sector, such as the construction of highways, bridges, tunnels, and rail networks, demand a substantial quantity of bolts. Bolts are crucial for assembling steel and concrete structures, ensuring the stability and safety of transportation routes.

Global Bolts Market: Restraints

Volatility in Raw Material Prices:

The volatility in raw material prices poses a significant challenge for bolt manufacturers. The primary materials used in bolt production, such as steel, stainless steel, and non-ferrous alloys, are subject to fluctuations in global commodity markets. Sudden changes in demand and supply, geopolitical tensions, and natural disasters can cause rapid price swings in these raw materials. As a result, bolt manufacturers may face uncertainty in their production costs, making it difficult to plan and budget effectively. When raw material prices increase, manufacturers may be forced to pass on the additional costs to customers, potentially leading to higher prices for bolts.

Counterbalance: The volatility in raw material prices presents a considerable challenge for bolt manufacturers, as it directly impacts their manufacturing costs and profit margins. However, several counterbalancing strategies can be employed to mitigate the effects of these fluctuations. One effective approach is to invest in strategic partnerships and long-term contracts with reliable raw material suppliers. By establishing stable relationships, manufacturers can negotiate favorable pricing and secure a consistent supply of materials, reducing vulnerability to short-term price spikes. Additionally, implementing efficient inventory management practices can provide a buffer against sudden price increases.

Dependency on Application Industries:

The dependency of the bolts market on Application industries can be a significant restraint. The demand for bolts is directly linked to the growth and performance of sectors such as construction, automotive, manufacturing, and others that heavily rely on fasteners for their operations. During economic downturns or periods of Grade slowdowns, these Application sectors may reduce their construction and production activities, leading to a decreased demand for bolts. This reduced demand can adversely affect bolt manufacturers, potentially resulting in excess inventory and declining revenues.

Counterbalance: The dependence of the bolts market on various Application industries, such as construction, automotive, and manufacturing, is indeed a significant restraint. When these industries experience slowdowns or downturns, the demand for bolts is directly affected, leading to potential challenges for bolt manufacturers. However, implementing counterbalancing strategies can help mitigate the impact of Grade fluctuations. One effective approach is to diversify the customer base by exploring opportunities in emerging markets and niche industries that have more stable demand for fasteners. By identifying and targeting these new markets, bolt manufacturers can reduce their reliance on specific sectors and create a more resilient business model.

Figure 2: Global Bolts Market Share (%), By Grade, 2022


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Global Bolts Market: Segmentation

The Global Bolts Market report is segmented into Product, Grade, Application, and by region.

Based on Product, the market is segmented into Half Screw Bolt, Full Screw Bolt

Based on Grade, the market is segmented GR 5.8, GR 8.8, GR 10.9, GR 12.9, Others

Based on Application, the market is segmented into Construction,  Petrochemical,  Heavy Machinery Equipment,  Automotive,  Aerospace,  Home Appliances,  Lawn and Garden,  Motors and Pumps,  Furniture,  Plumbing Products,  Others

Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Global Bolts Market: Key Developments

In January 2021, Keller & Kalmbach Group announced the acquisition of HEMA Schraubenfabrik und Befestigungstechnik GmbH in Schoemberg, Germany. With this acquisition, Keller aimed to enter the production of fasteners and fastening technology and strengthen the company's competitiveness.

In September 2020, Keller & Kalmbach Group announced the acquisition of trading business of Sweden based Fameco Holding AB. The company aimed to expand its business in Scandinavian countries and expand their European footprint.

In 2021, the Würth Group introduced a groundbreaking line of bolts known as the Würth Anti-Corrosion Range. These specially crafted bolts are specifically engineered to provide exceptional protection against corrosion, making them ideal for usage in demanding environments like marine and industrial settings. The assortment comprises a diverse selection of bolt types and sizes, encompassing hex bolts, carriage bolts, and anchor bolts.

In 2020, TR Fastenings made headlines by finalizing the acquisition of Precision Technology Supplies, a renowned distributor of Stainless Steel fasteners based in the UK. This strategic move was undertaken to enhance TR Fastenings' portfolio of products and reinforce its dominant position within the Bolts Market on a global scale.

In 2020, Heyco Products, a US-based manufacturer specializing in molded wire protection products, was acquired by PennEngineering. This strategic move was undertaken with the goal of bolstering PennEngineering's Typerange and solidifying its presence in the worldwide Bolts Market.

Global Bolts Market: Key Companies Insights

Key companies operating in the global Bolts market Fabory, Fastenal Company, Würth Industrie Service GmbH & Co. KG, REYHER, KELLER & KALMBACH GmbH, AB STEEL, Brunner Manufacturing Co., Inc. KD FASTENERS, INC., ckford Fastener, Inc., AMARDEEP STEEL, Viha Steel & Forging

*Definition: The global bolts market refers to the worldwide Grade that deals with the manufacturing, distribution, and sale of bolts. Bolts are a type of fastener used to join two or more components together securely. They are threaded cylindrical rods with a head at one end and a nut at the other, which, when tightened, create a strong and reliable mechanical connection.

Frequently Asked Questions

Global Bolts market is estimated to reach US$ 11.44 Bn by 2030.

Growth of building and construction sector and Innovations in the bolting process are the key factors driving the market.

Volatility in Raw Material Prices and Dependency on Application Industries are the major factors restraining the market.

Key companies operating in the market Fabory, Fastenal Company, Würth Industry Service GmbH & Co. KG, REYHER, KELLER & KALMBACH GmbH, AB STEEL, Brunner Manufacturing Co., Inc. KD FASTENERS, INC., ckford Fastener, Inc., AMARDEEP STEEL, Viha Steel & Forging

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