India Industrial Fasteners Market Assessment, By Raw Material [Metal and Alloys, Plastic], By Product [Externally Threaded, Internally Threaded, Non-Threaded], By End-use Industry [Automotive, Construction, Aerospace, Others], By Region, Opportunities and Forecast, FY2019-FY2033F

India industrial fasteners market is projected to witness a CAGR of 6.31% during the forecast period FY2026-FY2033, growing from USD 6.08 billion in FY2025 to USD 10.04 billion in FY2033. The growth of the Indian industrial fasteners market is driven by several key factors, such as increasing construction activities, a rise in automotive production demands, and the overall expansion of industrial machinery. The boom in residential and commercial projects and government smart city initiatives are the results of the increase in the construction sector, which requires a variety of fasteners. Significant infrastructure development, with the help of the government through initiatives including Make in India, has given an impetus toward building roads, bridges, and urban development, thereby augmenting the demand for fasteners.

In addition, the automobile industry, also experiencing a boost, with increased production of vehicles and eventually electric cars, has spiralled demand for fasteners. Contributing to this growth is the expansion of the manufacturing sector, driven by the self-reliance initiative of Atmanirbhar Bharat, as diverse industries, aerospace, and electronics, have high demands for fasteners.

In August 2024, Sundram Fasteners announced it would invest USD 42–48 million in new projects, targeting robust growth in the EV component and non-auto segments. The company’s EV order book rose from USD 250 million to USD 425 million, and it aims to expand wind energy revenues to USD 60.2 million in coming 2–3 years.

Growing EV Developments Boost India's Industrial Fasteners Market Demand

Rising automotive production and the rapid shift towards electric vehicles (EVs) are significantly driving the demand for industrial fasteners in India. With increasing vehicle output, manufacturers require high-quality bolts, screws, nuts, and other fastening solutions to ensure safety, reliability, and durability in modern vehicles. Government initiatives such as the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme and state-level EV policies have further accelerated EV adoption, directly contributing to the need for advanced and lightweight fasteners suited for new mobility platforms. The demand is also fueled by investments in EV infrastructure, growing R&D in lightweight materials, and the automotive sector’s push towards higher efficiency and sustainability. Automakers and component suppliers are increasingly focusing on innovative fastening systems that meet the stringent requirements of EV batteries, drivetrains, and electronic systems, as well as the rising preference for eco-friendly manufacturing practices.

In May 2025, Sterling Tools Limited further enhanced SGEM’s infrastructure with a new Dyno facility, an expanded EV campus, and SAP implementation. The company also advanced collaborations in magnetics (with Hyundai/Kia), relays, and magnet-free motors, underlining its strategic push towards EV systems. Such developments emphasize the need for high-performance fastening solutions to support the evolving automotive ecosystem..

Technological Advancements Propel the India Industrial Fasteners Market Growth

Advancements in technology are playing a significant role in boosting the growth industrial fasteners market in India. As industries progress, there is a rising demand for innovative fastening solutions that can meet modern engineering requirements. Advances in materials science have ensured the development of high-strength and lightweight fasteners that are essential for applications in sectors such as automotive, aerospace, and construction. The performance enhancement along with better durability and corrosion resistance of the new materials increases the attraction to the manufacturers. A great driving factor is the aspect of automation in the manufacturing process. While companies implement superior manufacturing techniques such as robotics and CNC (computer numerical control) machining, they need more precise engineered fasteners. Overall, industrial fasteners have improved in terms of quality and performance due to technology but are also making the manufacturers innovative in adapting to a rapidly changing Indian industrial domain.

For instance, in August 2024, Bossard AG showcased a live demonstration of its cutting-edge fastening technology, Ultrasonic Measuring Equipment, and Junker’s Vibration Testing Machine at the 2024 International Manufacturing Technology Show (IMTS).

Dominance of the Automotive Industry in India Industrial Fasteners Market

The dominance of the automotive industry boosts the growth and development of the industrial fasteners market in India. India has transformed into one of the fastest-growing automotive markets in the world, emerging as a vehicle manufacturing base, creating considerable demand for various fasteners needed in vehicle assembly and components.

The automobile industry necessitates numerous fasteners for its structural integrity, safety, and operational capability, such as bolts, nuts, screws, and rivets. Vehicle volumes provided greater momentum to produce fasteners, mainly due to an increase in consumer demand and government initiatives for promoting electric vehicles or EVs.

For instance, in November 2024, STL’s subsidiary Sterling Tech-Mobility partnered with GLVAC Yuantong (Kunshan, China) to manufacture HVDC contactors and relays for EVs in India, with a USD 4.82 million facility in Bengaluru projected to generate USD 30.1 million in business by FY2030.

North India Dominates India Industrial Fasteners Market Share

North India plays a significant role in influencing the Indian industrial fasteners market and holds a significant percentage of the market share. It has a robust manufacturing infrastructure, skilled labor force, and strategic geographical location supporting production and distribution. One key reason behind North India's dominance is the proximity of major automotive and industrial hubs, especially in states such as Haryana, Punjab, and Uttar Pradesh. The area accommodates multiple automotive manufacturers and suppliers, thus multiplying the demand for various fasteners needed for vehicle assembly. As the Indian automobile market is expanding, the demand for fasteners is also rising in tandem. Thus, North India is emerging as a major supplier. Research and development activities are also presently happening in North India for fasteners, and this wave of innovation is aiding the creation of high-performance fasteners with specialized requirements meeting strict industry benchmarks. So, it makes the region more attractive to different industries such as construction, aerospace, and electronics.

For instance, in June 2024, Super Screws Pvt. Ltd., a fastener company based in Haryana, has announced a memorandum of understanding (MoU) with Mitsuchi Corporation from Japan. This partnership aims to create a joint venture focused on the manufacturing and sale of specialized cold-forged parts in India.

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Future Market Scenario (FY2026E-FY2033F)

• The expansion of the automotive industry, particularly with the rise of electric vehicles (EVs) and advancements in vehicle manufacturing, will sustain the demand for high-quality fasteners.
• Ongoing infrastructure projects and government initiatives such as Smart Cities will further boost the demand for fasteners in construction.
• The development of high-strength and lightweight materials will lead to the creation of advanced fasteners that meet modern engineering demands.
• Increased automation in production processes will enhance efficiency and precision, allowing manufacturers to meet growing quality standards.

Report Scope

“India Industrial Fasteners Market Assessment, Opportunities and Forecast, FY2019-FY2033F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of India industrial fasteners market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between FY2026 and FY2033. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Report Attribute	Details
Base Year of the Analysis	FY2025
Historical Period	FY2019-FY2024
Forecast Period	FY2026-FY2033
Projected Growth Rate	CAGR of 6.31% between FY2026 and FY2033
Revenue Forecast in FY2033	USD 10.04 billion
Segments Covered	Raw Material, Product, End-use Industry
Regions Covered	North, East, South, West and Central
Key Companies Profile	Deepak Fasteners Limited, Sundram Fasteners Limited, Sterling Tools Limited, Caparo Engineering India Limited, LPS Bossard Private Limited, Super Screws Private Limited, Pooja Forge Limited, A. V. Fasteners Private Limited, Precision Industrial Fasteners (India) Private Limited, KOVA Fasteners Private Limited
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfill your precise research needs
Delivery Format	PDF and Excel through email (subject to the license purchased)

In the report, the India industrial fasteners market has been segmented into the following categories: 

• By Raw Material
  • Metal and Alloys
  • Plastic
• By Product
  • Externally Threaded
  • Internally Threaded
  • Non-Threaded
• By End-use Industry
  • Automotive
  • Construction
  • Aerospace
  • Others
• By Region
  • North
  • East
  • South
  • West and Central

Key Players Landscape and Outlook

The Indian market for industrial fasteners is promising, with immense potential for growth within forecasting years due to increased demand from various industries, such as the automotive, construction, and manufacturing industries. Major players will invest time researching and developing innovative fastener solutions that abide by shifting industry standards and best sustainability practices. Many manufacturers will look to expand their product lines and enter new markets, domestic and international, to pursue growth opportunities. In addition, as customers and industries become more environmentally conscious, companies are increasingly embracing sustainable practices, such as using ecologically friendly materials and processes, to appeal to consumers and industries alike. Digital technology in manufacturing and supply chain management will further increase the efficiency of operations and enhance customer engagement. India industrial fasteners market is highly dynamic regarding its competitive nature; the prime participants are well-positioned based on the industry trend and have adapted themselves regarding market demand, leading to the major trends such as innovational expansion or mergers along with acquisitions, a higher quality rating, and increased sustainability. It would help them dominate their position well and contribute accordingly towards the overall extension of the industry.

For instance, in November 2024, Sterling Tools Limited, India’s second-largest automotive fastener manufacturer, announced a partnership with Kunshan GLVAC Yuantong New Energy Technology Co., Ltd. This collaboration aims to localize the production of advanced High Voltage Direct Current (HVDC) contactors and relays in India.

Key Players Operating in India Industrial Fasteners Market are:

• Deepak Fasteners Limited
• Sundram Fasteners Limited
• Sterling Tools Limited
• Caparo Engineering India Limited
• LPS Bossard Private Limited
• Super Screws Private Limited
• Pooja Forge Limited
• V. Fasteners Private Limited
• Precision Industrial Fasteners (India) Private Limited
• KOVA Fasteners Private Limited

Markets and Data report answer the following questions:

• What is the current and future market size of the product/service in question globally or specific to different countries?
• How are the markets divided into different product/service segments and the market size and growth of each segment?
• What is the market potential of different product segments and their investment case?
• How are the markets predicted to develop in the future and what factors will drive or inhibit growth?
• What is the business environment and regulatory landscape specific to the product/service?

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