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:
- India fasteners market is witnessing steady growth driven by the high rate of growth in industries such as automotive, construction, manufacturing, and electronics.
- Basically, the high growth rate in the development of infrastructure such as roads, railways, bridges, airports, and smart cities is firmly driving the demand for high-strength fasteners in structural applications.
- Besides, the automotive industry is also a large consumer base for fasteners, with the boost of increased vehicle production, electrical vehicles, and the need for lighter, fuel-efficient components.
- Additionally, government initiatives like "Make in India," Production Linked Incentive (PLI) scheme, and foreign direct investment (FDI) inflows are promoting domestic production, directly boosting demand for industrial fasteners.
- Also, with the growing emphasis on exports and supply chain global integration, manufacturers are improving product quality and international standards compliance.
- Also, apart from this, the aerospace, telecom, white goods, and construction equipment sectors are relying more on high-performance and specialty fasteners for durability and operating efficiency.
- In addition, the move towards pre-engineered buildings and modular construction is also influencing the use of high-tensile and specialized fasteners, which are more load-carrying and easier to assemble.
- The growing automation and precision engineering drive within the manufacturing segment is also influencing demand for advanced fastener solutions.
- Apart from that, advances in consumer electronics and appliances are leading to a demand for smaller and application-specific fasteners with high bonding quality and nice appearance.
- At the same time, manufacturers are investing in sophisticated coating technologies to produce corrosion-resistant and environmentally friendly fasteners suited to diverse industrial environments.
- Along with that, the evolution of organized distribution channels and web platforms is simplifying procurement and improving availability across geographies, like tier 3 and tier 2 cities.
- Further, growing awareness for the importance of quality fastening solutions in safety-critical applications is revolutionizing customer preference towards branded and certified products.
- Furthermore, the advent of intelligent fasteners with sensors and tracing capabilities for predictive maintenance and quality control is gaining momentum.
- On the whole, a combination of industrial expansion, infrastructure growth, rising exports, government incentives, and shifting technology trends is driving the vibrant growth of the Indian fasteners market and making it a crucial cog in the country's manufacturing and construction 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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