2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

Which Major Market Drivers Are Expected to Boost the Growth Potential of the Bolts Market?

The bolts market is predicted to grow due to the increasing number of construction operations. These activities cover a spectrum of tasks and processes that consume time and resources to erect buildings, structures, and infrastructure facilities. Bolts used in construction, like structural and anchor bolts, find applications in various areas such as anchoring beams to columns or walls, fastening joists to ledgers, securing deck boards, and establishing firm bases for buildings or bridges. In a statistical report by the United States Census Bureau published in March 2023, the total spending on construction in the U.S stood at $1.54 trillion in November 2020 and escalated to $1.84 trillion in November 2022, marking a 16.3% increase. In addition, Trading Economics forecasted in September 2024 that there will be extensive economic data and analysis available for over 196 countries. In the U.S, there was an increase in housing starts from 1,237 thousand units in July to 1,356 thousand units in August 2024. It’s expected that by the end of the current quarter, housing starts will elevate to 1,470 thousand units. Consequently, the increase in construction activities is anticipated to spur the growth of the bolts market.

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How Has the Bolts Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?

The market size for bolts has been experiencing a steady increase over the past few years. It is projected to rise from $48.03 billion in 2024 to $50.12 billion in 2025, marking a compound annual growth rate (CAGR) of 4.4%. The growth noted in the historic phase can be linked to the developments in construction and infrastructure, enlargement of manufacturing and industrial sectors, surge in automotive production, and the exploration and production of oil and gas, along with infrastructure repair and upkeep.

Anticipations suggest a robust surge in the bolts market size, as it’s projected to expand to $62.91 billion by 2029, advancing at a compound annual growth rate (CAGR) of 5.8%. This growth in the specified period can be associated with global urbanization patterns, the inception of renewable energy projects, production of electric vehicles (EV), infrastructure resiliency and enhancements, in addition to the growing aerospace and defense activities. Large-scale trends expected during this period would involve the uptake of industry 4.0 in the manufacturing sector, a rising demand for eco-conscious bolting solutions, increased emphasis on bolt testing and certification, along with globalization and robustness in the supply chain.

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What Are the Key Market Innovations in theBolts Market Over the Coming Years?

The key trends emerging in the bolts market are driven by technological innovations. Firms in this sector are launching new offerings to maintain their presence in the market. For instance, Lindapter International, a UK-based construction firm, introduced the Hollo-Bolt plug-in tool in April 2023. This tool is designed to simplify the installation of Hollo-Bolt fasteners in structural applications, particularly in hollow sections accessible from one side. It allows users to tighten Hollo-Bolts effectively and quickly, securing a robust connection without the need for additional parts or welding. This tool boosts the speed and convenience of installation, making it perfect for large-scale construction tasks and high-pressure environments.

Who Are the Top Companies Driving Innovation and Growth in theBolts 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

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Which Key Market Segments Comprise the Bolts Market and Drive Its Revenue Growth?

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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Which Regions Are Emerging as Leaders 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.

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