Fasteners Market - India
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 10.73 Billion
Market Size in 2033: USD 16.25 Billion
Market Growth Rate (CAGR) 2025-2033: 4.72%
According to IMARC Group's report titled "India Fasteners Market Report and Forecast 2025-2033," the market reached USD 10.73 billion in 2024. Looking forward, IMARC Group expects the market to reach USD 16.25 billion by 2033, exhibiting a growth rate (CAGR) of 4.72% during 2025-2033.
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India Fasteners Market Trends and Drivers:
- The fasteners market in India is experiencing a stable growth, and the highest growth is being delivered by industries such as automotive, construction, manufacturing, and electronics.
- Basically, the intense infrastructure development activities like roads, railways, bridges, airports, and smart cities are promoting the demand for high-strength fasteners in structural applications very strongly.
- Further, the car industry is also a huge consumer of fasteners, with the additional advantage of added vehicle production, electric cars, and demand for light and fuel-efficient parts.
- Further, initiatives such as "Make in India," Production Linked Incentive (PLI) scheme, and foreign direct investment inflow are encouraging domestic manufacturing, which further stimulates the demand for industrial fasteners.
- Furthermore, with the increasing focus on exports and global supply chain integration, producers are enhancing product quality and international standards compliance.
- In addition to this, the aerospace, telecom, white goods, and construction equipment industries are increasingly using high-performance and specialty fasteners for durability and operational efficiency.
- Apart from this, the trend of pre-fabricated buildings and modular construction is also driving demand for high-tensile and specialized fasteners, which have greater load-carrying capacity and ease of assembly.
- The trend of automation and precision engineering in the manufacturing industry is also influencing demand for innovative fastener solutions.
- Other than that, consumer electronics and appliance expansion is driving demand for application-specific and compact fasteners with high bonding strength and superior appearance.
- Simultaneously, manufacturers are investing in new generation coating technologies to generate corrosion-resistant and environmentally friendly fasteners that are appropriate for diversified industrial environments.
- Additionally, the development of organized distribution channels and web sites is simplifying procurement and enhancing availability geographically in tier 3 and tier 2 cities.
- Moreover, increasing awareness regarding the significance of quality fastening solutions in safety-critical applications is altering customer preference towards branded and certified products.
- Apart from this, the introduction of smart fasteners equipped with sensors and traceability features for predictive maintenance and quality inspection is gaining traction increasingly.
- In total, a mixture of industrial growth, infrastructural development, export growth, governmental efforts, and changing technology trends is propelling the vibrant expansion of the Indian fasteners industry and making it an essential wheel in the nation's manufacturing and building sector.
India Fasteners Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India fasteners market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Product Insights:
- Internally Threaded
- Non Threaded
- Externally Threaded
Sales Channel Insights:
End Use Insights:
- Automotive
- Building and Construction
- Aerospace
- Machinery
- Electronics
- Others
Regional Insights:
- North India
- South India
- East India
- West India
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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