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Market Insights - Industry Research Report
  • Published Date : August 2023
  • Report ID : 5787
  • Pages : 178
  • Industries : Automotive and Transportation
  • Formats :

Structural Bolts Market

Structural Bolts Market Size, Share & Trends Analysis Report By Product Type (A325, A490 & Others), By Application (Construction, Shipbuilding, Power Plants, Transportation & Others), By Region- Global and Regional Industry Overview, Premium Insights, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030
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Structural Bolts Market size was valued at USD 813.47 Million in 2023 and is projected to reach USD 1152.29 Million by 2030, growing at a CAGR of 5.1% from 2023 to 2030.

Structural Bolts Overview

When it comes to steel-to-steel applications, structural bolts are the go-to option. These bolts have heavy hex heads, which provide a larger bearing surface than standard hex bolts. Additionally, they have larger unthreaded shanks compared to hex cap screws of similar lengths.

Massive, heavy-duty hex bolts specifically made for use in large structures are known as structural bolts. This bolt’s goal or function is to withstand the load or tension of structural connections made of steel and steel. When assembling structural members, structural bolts are made to be utilized with nuts. A single-size socket can be used on the bolt head and the nut since the front side of a heavy hex structural bolt is found to be the same size as a heavy hex nut with the same minimal diameter. To eliminate the threads from the connection’s shear planes, structural bolts have lower thread lengths. These are constructed by ASTM (American Society for Testing Materials) regulations because of their frequent use in heavy construction, and they are always used with a nut and tough washer. They include a chamfered thread tip and a flat, washer-faced bearing surface.

Market Dynamics
  • The demand for new office and residential buildings is rising, and government infrastructure spending is advancing the construction sector. To ensure safe and long-lasting buildings, the construction industry demands strength and precision. These factors are causing the global market to expand.
  • Bolts, nuts, rivets, screws, wires, washers, and guides are examples of structural hardware for aircraft. Technical development, higher R&D spending in the defense industry, and improved commercial aircraft production capacity are the main factors driving the aerospace fasteners market. Due to the increased number of flights and people worldwide, the global market is growing, which ultimately drives up product demand.
  • Market expansion is constrained by the rising use of tapes and adhesives in place of metal fasteners in NVH and bonding applications. The development of substitutes like welding and component clinching has mostly hurt the automobile fastening industry. Changeable economies and variations in automotive sales are impeding the expansion of the worldwide market.
  • The market demand is being driven by improvements in bolt quality and durability. For end users, it is significantly simpler because of how quickly bolts can be changed on autos. Additionally, the growing preference for more stable, lightweight cars would boost the need for automotive bolts rather than welding, providing a better potential for the global market.
Segmentation

Segment by Type

  • A325
  • A490
  • Others

Segment by Application

  1. Construction
  2. Shipbuilding
  3. Power Plants
  4. Transportation
  5. Others

Production by Region

  1. North America
  2. Europe
  3. China
  4. Japan
  5. India

Consumption by Region

  1. North America
    1. The U.S.
    2. Canada
  2. Europe
    1. Germany
    2. France
    3. The U.K.
    4. Italy
    5. Russia
  3. Asia-Pacific
    1. China
    2. Japan
    3. South Korea
    4. India
    5. Australia
    6. China Taiwan
    7. Indonesia
    8. Thailand
    9. Malaysia
    10. Philippines
    11. Vietnam
  4. Latin America, Middle East & Africa
    1. Mexico
    2. Brazil
    3. Turkey
    4. GCC Countries
Regional Analysis

The Asia-Pacific region holds the biggest market share at approximately 40%, while Europe and North America both have a share of about 50%. The largest product segment is A325, accounting for over 50% of the market. Transportation is the largest application, followed by Construction, Shipbuilding, and Power Plants.

The demand for bolts is anticipated to be hampered by the rising need for adhesives and pressure-sensitive tapes in bonding and NVH applications in heavy machinery equipment. The threat of substitution is anticipated to be curbed over the projected period, however, due to the restricted replacement scope for the aforementioned materials’ ability to provide impact resistance in heavy-duty applications.

Bolts come in a variety of materials, including metal, plastic, and both. The usage of metal-based fasteners in high-strength applications has caused them to dominate the global market. Stainless steel, aluminum, carbon steel, nickel, silicon, bronze, alloy steel, copper, brass, and titanium are some of the basic materials used to make these items.

Key Players

Some of the major players in the Global Structural Bolt industry are Fontana Gruppo, KAMAX, Infasco, and Nucor Fastener. Together, the top four manufacturers account for more than 10% of the market share.

The major key players in the global structural bolts market are:

  1. Fontana Gruppo
  2. KAMAX
  3. Infasco
  4. Nucor Fastener
  5. Wurth Group
  6. Stanley
  7. LISI Group
  8. Cooper & Turner
  9. Lejeune Bolt
  10. Gem-Year
  11. Tianbao Fastener
  12. Arconic (Alcoa)
  13. Marmon
  14. Atlantic Bolt
  15. Sundram Fasteners
Structural Bolts Market Report Scope
Report AttributeDetails
Market Size Value in 2023USD 813.47 million
Revenue Forecast in 2030USD 1152.29 million
Growth RateCAGR of 5.1% from 2023 to 2030
Base Year for Estimation2022
Historical Data2017 – 2022
Forecast Period2023 – 2030
Quantitative UnitsRevenue in USD million and CAGR from 2023 to 2030
Report CoverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments CoveredProduct, application, and region
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Country ScopeU.S.; U.K.; Germany; India; China; Brazil; South Africa
Key Companies ProfiledFontana Gruppo, KAMAX, Infasco, Nucor Fastener, Wurth Group, Stanley, LISI Group, Cooper & Turner, Lejeune Bolt, Gem-Year, Araymond, Tianbao Fastener, Arconic (Alcoa), CISER, Marmon, Atlantic Bolt, Sundram Fasteners, Karamtara, All-Pro Fasteners, TR Fastenings, SBM, Portland Bolt
The Structural Bolts market report covers below items:
Chapter 1: Product Basic Information (Definition, Type, and Application)
 Chapter 2: Manufacturers’ Competition Patterns
 Chapter 3: Production Region Distribution and Analysis
 Chapter 4: Country-Level Sales Analysis
 Chapter 5: Product Type Analysis
 Chapter 6: Product Application Analysis
 Chapter 7: Manufacturers’ Outline
 Chapter 8: Industry Chain, Market Channel, and Customer Analysis
 Chapter 9: Market Opportunities and Challenges
 Chapter 10: Market Conclusions Chapter 11: Research Methodology and Data Source
Frequently Asked Questions
The global Structural bolts market size was estimated at USD 774 million in 2022 and is expected to reach USD 813.47 billion in 2023.
The global Structural bolts market is expected to grow at a compounded annual growth rate of 5.1% from 2020 to 2028 to reach USD 1152.29 billion in 2030.
In 2022, Asia Pacific dominated the Structural bolts market with a share of 40%, in terms of revenue. Increased rate of urbanization and industrialization in Asia Pacific, due to a rise in disposable income, is expected to propel the number of construction activities in the region, thereby, driving the market.
Some key players operating in the Structural bolts market include Fontana Gruppo, KAMAX, Infasco, Nucor Fastener, Wurth Group, Stanley, LISI Group, Cooper & Turner, Lejeune Bolt, Gem-Year, Araymond, Tianbao Fastener, Arconic (Alcoa), CISER, Marmon, Atlantic Bolt, Sundram Fasteners, Karamtara, All-Pro Fasteners, TR Fastenings, SBM, Portland Bolt
  
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