Screw Nuts Market Research Report – Recent Trends, Growth Opportunities, and Market Size and Share Global Forecast Analysis – 2024 - 2033

Screw Nuts Market Size Research Report – In a Glance

As per the Research report on global Screw Nuts market, the market is projected to foresee a CAGR of 21.8% between 2024-2033, and further generate a market size of USD 29.9 billion by the end of 2033. In the year 2023, the market size was valued at USD 14.7 billion.

• The global Screw Nuts market is projected to grow on account of the Industrial Automation and Machinery Sector Expansion.
• In Japan, the Screw Nuts market growth can be attributed to the Advancements in Material and Technology.
• KDMI analyst’s growth analysis foresees Fluctuating Raw Material Prices to challenge the market growth.
• The Asia Pacific Screw Nuts market is projected to dominate the global market.

Screw Nuts Market Analysis

Screw nuts are fasteners used in correlation with bolts or threaded rods to secure components at a place through a threaded connection. They are manufactured in various shapes and sizes, often hexagonal or square. They are essential in construction, manufacturing, and mechanical applications where secure and adjustable fastening is required. The growth of the global Screw Nuts market is expected to expand due to its increasing requirement in Industrial Automation and Machinery sectors. As these industries have increased their reliance on automated systems and machinery, there is a rise in demand for components like screw nuts, which are essential for assembly and operation. The adoption rates of advanced screw nuts in key industries like automotive, electronics, aerospace, and construction has increased significantly, driving the market potential in various sectors. Illinois Tool Works Inc., Stanley Black & Decker, Inc., and Fastenal Company are some of the significant parties in the global market for Screw Nuts.

Analyst’s Observation on Japan Screw Nuts Market Research

In Japan, the market growth for Screw Nuts can be attributed to the Advancements in Material and Technology. Innovations in lightweight alloys, corrosion-resistant coatings, and precise manufacturing techniques enhance the performance and durability of screw nuts. These advancements lead to the rising demands in industries. Industries such as automotive, electronics, and construction, where reliability and efficiency in fastening solutions are crucial. These technological progresses fuel the market growth by offering solutions that improve productivity and product quality. The implementation of advanced materials and technologies has improved product performance or reduced costs for manufacturers by 34%, driving the market growth. Nitto Seiko Co., Ltd., Meidoh Co., Ltd., and Sakamura Corporation are some of the significant parties in the market for Screw Nuts in Japan.

Screw Nuts Market Growth Drivers and Challenges

Rising construction and infrastructure development:

As economies grow, there is a parallel increase in construction projects such as residential buildings, commercial complexes, and infrastructure like roads and bridges. Fasteners, such as screw nuts, bolts, etc., play a crucial role in these projects, supporting structural integrity and safety. Driven by the need for reliable and efficient assembly solutions the screw nuts market grows.

Fluctuating raw material prices:

Variations in the costs of metals and alloys used in manufacturing of screw nuts can affect the production expenses and pricing strategies, potentially affecting profit margins and market stability.

Screw Nuts Market Segmentation

Our experts at KD Market Insights have segmented the global Screw Nuts market research report as:

Screw Nuts Market Regional Synopsis

The Asia Pacific Screw Nuts market is majorly driven by rapid industrialization and population growth. As countries in this region are undergoing significant economic development and urbanization, there is an increase in the rate of manufacturing activities and infrastructure projects. These sectors heavily rely on screw nuts for machinery assembly and construction applications. Moreover, the growing population drives demand for housing and consumer goods, further boosting the market for fasteners essential in various industrial and residential settings. The Infrastructure Sector in Asia Pacific Market size is estimated at USD 1.33 trillion in 2024, growing at a CAGR of 6.59% during the forecast period, driving the market growth.

As per our analysts at KD Market Insights, the following five players lead the Asia Pacific Screw Nuts market growth:

• Shanghai Tianbao Fastener
• Yuxing
• JIBIAO
• ChangHu
• FuQiang

Screw Nuts Market Competitive Landscape

Some of the key players who top the global Screw Nuts market share:

• Shanghai Tianbao Fastener
• Yuxing
• JIBIAO
• ChangHu
• FuQiang
• QiKang
• HengCheng
• Yichunlai
• Peerless Hardware
• Vikrant Fasteners
• Midwest Acorn Nut
• Buckeye Fasteners

Screw Nuts Market Recent Developments

• Peerless, Inc. recently announced the acquisition of Hi-Temp Fabrication Inc, an operation that specializes in the fabrication and distribution of non-metallic materials; adding a wide variety of insulation products and laboratory work surfaces to its product mix.
• MEIDOH Co., Ltd. stated that it has acquired Pilgrim Aerospace Fasteners, a company known for producing screws, bolts, rivets, and clevis pins for the aerospace industry.

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Screw Nuts Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Type
      2. By Application
      3. By Region
5. Market Segmentation by Type
   1. Stainless Steel
   2.  Alloy Steel
   3.  Carbon Steel
   4. Others
6. Market Segmentation by Application
   1. Automotive
   2.  Electronic
   3.  Construction & MRO
   4.  Others
7. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Type and Application
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
8. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1. Shanghai Tianbao Fastener
      2. Yuxing
      3. JIBIAO
      4. ChangHu
      5. FuQiang
      6. QiKang
      7. HengCheng
      8. Yichunlai
      9. Peerless Hardware
      10. Vikrant Fasteners
      11. Midwest Acorn Nut
      12. Buckeye Fasteners
9. Strategic Recommendations
10. Appendix
    1. List of Tables
    2. List of Figures
11. References