Procurement Market Intelligence Report
Industrial Fasteners
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Industrial Fasteners Global Overview
Definition
Summary
Metal fasteners for industrial use are customized or mass-produced for a particular industry, project or customer. Key buyers include industrial manufacturers, automobile manufacturers and construction companies.
This Report Includes:
- Screws
- Nails
- Rivets
- Nuts
- Bolts
Not in this Report:
- Plastic Fasteners
- Adhesives
Global Industrial Fasteners Procurement Trends
Discover the top international trends affecting procurement in the global Industrial Fasteners market.
Warning Trends
Increased tariffs on copper imports take effect
- On August 1, the Trump administration implemented 50.0% tariffs on imported copper. Chile and Canada will be most impacted by these tariffs, as they account for a combined 87.0% of all copper imports in the United States.
- However, these tariffs are less sweeping than initially expected, only applying to semi-finished copper products, while excluding high-purity refined copper and copper input materials, such as ore and concentrate. As leading importers, such as Chile and Canada, have both high copper mining and refining capacities, they will likely avoid most of these tariffs by either exporting the copper in its unrefined form or refining the copper before exporting it to the United States
- These copper tariff exemptions limit the impact on the electronics and electrical equipment sectors because these applications require refined copper due to its optimal conductive properties.
- Thus, the prices of metal alloys that include copper, consumer products made from copper, tools, plumbing, corrosion-resistant alloys, and construction materials made from copper are forecast to rise by an average of 39.2%, according to the Yale Budget Lab.
Manufacturing component prices to rise in response to elevated tariffs
- The Trump administration’s reciprocal tariffs, which apply broad tariffs to all imports from most nations, are set to take effect on August 7 after the rates were finalized on August 1.
- However, these tariff increases exempt steel and aluminum products, which already face a flat tariff rate of 50.0% regardless of source country, except for the United Kingdom, as of mid-June.
- The tariffs on steel and aluminum are set to increase domestic prices for these metals by 37.6%, translating to similar price increases for manufacturing components made from these materials, such as springs, non-electric wire and cable, or fasteners.
- Nonmetallic manufacturing components, such as those made from plastic and other materials, are likely to see significant price increases when the reciprocal tariffs go into effect, with the Yale Budget Lab projecting an 11.0% average price increase for plastic and rubber goods.
- As tariff policy continues to evolve, this story will be continuously updated to reflect the impacts.
United States announces new tariffs on all imported steel
- In February 2025, the United States announced 25.0% tariffs on all imported steel with no exemptions or exceptions. The tariffs took effect on March 12, 2025. On June 4th, these tariffs were increased further to 50%. These tariffs were not impacted by a recent court decision that temporarily suspended duties on certain goods as they were implemented under Section 232 of the Trade Expansion Act.
- Previously, countries such as Canada, Mexico, and Brazil, the top exporters of steel to the United States, had exemptions from tariffs. These have now been removed and all imported steel, regardless of origin, will be subject to the 50.0% tariff. However, on May 8th, the US announced an agreement with the United Kingdom to remove all levies on steel exported from the UK.
- When tariffs on steel imports were introduced in March 2018, they contributed to an increase in the price of steel and steel products. According to the Bureau of Labor Statistics, the price of steel-milled products increased by 10.2% in the year after the tariffs were implemented. This market heavily relies on steel as an input and may be impacted by this policy.
Global Industrial Fasteners Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 Europe | 42,315 |
| #2 China | 33,165 |
| #3 India | 24,055 |
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2
Geography Drilldown - US & Europe
Average Cost of Industrial Fasteners
United States
2026 Market Pricing$0.05 to $XXX.XX
per unitEurope
Average Price
Prices in the Industrial Fasteners market range from $0.05 to $XXX.XX, depending on Product Type, Material Composition & Size, Level of Customization, Order Size and Fastener Size. For example, lower prices are associated with Interchangeable fasteners ($0.05 to $30.00 per unit), whereas higher prices are associated with Niche fasteners ($5.00 to $112 per unit).
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Industrial Fasteners Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Industrial Fasteners market, prices in the US have grown 5.0% from 2022 to 2025. Meanwhile, the recent three-year CAGR for Europe is +2.3%.
United States (2022-2025)
Europe (2022-2025)
Compound Annual Growth Rate
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Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Industrial Fasteners
Total cost of ownership is Low in the Industrial Fasteners market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Delays may raise the total cost of ownership unexpectedly.
Negotiated Before
Transportation
Implementation
Billed During
Fuel
Maintenance
Unforeseen
Delays
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -3.2 in the United States. Buyer power is most positively impacted by Forecast Price Trend. It is most negatively impacted by Market Share Concentration. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Europe
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as High, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Aluminum Manufacturers
- Iron & Steel Manufacturers
- Steel Rolling & Drawing Operators
2nd
Tier Suppliers
- Coal & Natural Gas Power Providers
- Iron Ore Miners
- Iron & Steel Manufacturers
Biggest Industrial Fasteners Suppliers in the US by Revenue
The largest Industrial Fasteners vendors by revenue in the US are Howmet Aerospace Inc, PrimeSource Building Products Inc. and Precision Castparts Corp. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Precision Castparts Corp | Global | Portland, OR | >10,000 | 5-10 | ||||
| Howmet Aerospace Inc | US | 5-10 | ||||||
| Home Depot, inc. | International | ATLANTA | >10,000 | < 5 | ||||
| Lowes Companies Inc. | International | MOORESVILLE | >10,000 | < 5 | ||||
| Nucor Corporation | Global | CHARLOTTE, NC | >10,000 | < 5 | ||||
| W.W. Grainger, Inc. | Global | LAKE FOREST | >10,000 | < 5 | ||||
| Illinois Tool Works Inc. | Global | GLENVIEW | >10,000 | < 5 | ||||
| Fastenal Company | Global | WINONA, MN | >10,000 | < 5 | ||||
| Dorman Products, Inc. | International | COLMAR, PA | 1,001-10,000 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Industrial Fasteners market is 4.6% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Purchases. The cost trend for this component is rising, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Financial risk among suppliers is low because industrial fasteners have widespread use in many different industries and applications. Given this low financial risk, particularly among the top four suppliers, buyers are able to maintain some confidence that a prospective supplier will not go into bankruptcy when negotiating long-term contracts.
The wide variety of products manufactured, rising imports and the diversity of fastener buyers all contribute to market fragmentation, which spurs price competition and enables buyers to pursue the best prices and contract terms, particularly with regard to generic metal fasteners.
The ubiquitous nature of industrial fasteners supports a base level of demand for suppliers. As a result, steadier demand from other buyers and industries will offset future demand volatility from one buyer or industry.
Industrial fastener suppliers face a high level of risk from their supply chain, which stems primarily from their reliance on ferrous and nonferrous metals, particularly steel. These key inputs are subject to price fluctuations and supply shortages due to rising global demand, exchange rates, and other factors.
The United States is a net importer of fasteners, meaning it imports more fasteners than it exports, which implies that US buyers' procurement strategies may need to account for factors like global supplier relationships, currency exchange volatility, and compliance with international trade regulations and tariffs.
Supplier Information
Howmet Aerospace Inc
Howmet Aerospace Inc is a private company operating globally in the manufacturing sector. The company's offerings include industrial fasteners. Founded in 2020, the company is currently headquartered in Pittsburgh, Pennsylvania, United States of America with an estimated employee count of over 10,000. Subscribe to learn more
Precision Castparts Corp
Precision Castparts Corp is a private company operating globally in the manufacturing sector. The company's offerings include oil & gas casing & tubing, metal casting services, industrial fasteners, rivets and metal forming services. Founded in 1953, the company is currently headquartered in Portland, Oregon,... Subscribe to learn more
Dorman Products, Inc.
Dorman Products, Inc. is a public company operating internationally in the manufacturing sector. The company's offerings include catalytic converters and industrial fasteners. Founded in 1918, the company is currently headquartered in COLMAR, Pennsylvania, United States of America with an estimated 3786 employees.... Subscribe to learn more
Fastenal Company
Fastenal Company is a public company operating globally in the manufacturing, manufacturing, manufacturing and professional, scientific and technical services sectors. The company's offerings include hydraulic oil, metal cutting tools, flexible intermediate bulk containers, hydraulic hose & tube fittings,... Subscribe to learn more
Federal Screw Works
Federal Screw Works is a private company operating nationally in the manufacturing sector. The company's offerings include industrial fasteners. Founded in 1917, the company is currently headquartered in Romulus, Michigan, United States of America with an estimated 375 employees. Subscribe to learn more
Fontana Finanziaria S.P.A.
Fontana Finanziaria S.P.A. is a private company operating globally in the manufacturing sector. The company's offerings include industrial fasteners and rivets. Founded in 1980, the company is currently headquartered in Lombardia, Aarhus, Italy with an estimated 5500 employees. Subscribe to learn more
Home Depot, inc.
Home Depot, Inc. is a home improvement retailer offering building materials, home improvement products, lawn and garden products, décor products, and related services under national and proprietary brands. Its proprietary brands include, among others, HDX®, Husky®, Hampton Bay®, Home Decorators Collection®,... Subscribe to learn more
Illinois Tool Works Inc.
Illinois Tool Works Inc. is a global manufacturer of a diversified range of industrial products and equipment. It produces plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses; food equipment, such as warewashing, cooking, and food processing equipment... Subscribe to learn more
Lowes Companies Inc.
Lowe's Companies, Inc. is a home improvement retailer for maintenance, repair, remodeling, and decorating markets. Its product portfolio includes appliances, seasonal & outdoor living, lumber, lawn & garden, kitchen & bath, hardware, building materials, millwork, paint, rough plumbing, tools, electrical, Subscribe to learn more
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Procurement Management KPIs for the Industrial Fasteners Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Defect Density and On-Time Delivery (OTD). Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Volume and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Defect Density |
|
Number of units Number of defective units |
The defect density represents the share of defective products a company produces. The defect density can be used to determine whether manufacturing, assembly or quality assurance processes require improvement. This KPI can help buyers guard against their fasteners failing or not meeting specifications. |
| On-Time Delivery (OTD) |
|
Number of deliveries Number of on-time deliveries |
On-time delivery is often critical for many construction projects. Late deliveries may cause delays for buyers’ projects. Buyers should assess their project timeline and needs to determine the importance of this KPI. The on-time delivery rate can be used to determine the likelihood of a delayed delivery. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Value-Added Services
Do you offer any complementary products or services with my purchase?
What additional products or services do you offer that are separate from the purchase of this equipment?
Experience and Expertise
What is the benefit of working with your company compared with another supplier?
With what industry do you have the most experience?
Shipping
If I am located in a different region, do you anticipate any difficulties in delivering the product?
What is the typical on-time delivery rate?
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Industrial Fasteners RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should describe the size of their organization, their location and provide some information about their operations.
Buyers should include information about their organization type, such as if they are a construction company, industrial manufacturer or automobile manufacturer.
Statement Of Need
Buyers should include as much information as possible about the specifications of the fasteners, including brand, size, shape, type, material composition and any other pertinent product information.
Buyers should include a full list of required equipment needed because many vendors offer a range of related products in this space.
Project Budget
Buyers should include as much information as possible about the total scope of the project. If buyers require a constant supply of industrial fasteners, this should also be included.
Buyers should include information about the payment schedule (i.e., if it is incremental or done at the completion of the project).
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Our Reports include:
- Opportunity assessment
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- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
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- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
