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市场调查报告书
商品编码
1856109
工业用扣件的印度市场评估:各原料,各产品,各最终用途产业,各地区,机会及预测,2019年~2033年India Industrial Fasteners Market Assessment, By Raw Material, By Product, By End-use Industry, By Region, Opportunities and Forecast, FY2019-FY2033F |
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预计印度工业紧固件市场规模将从 2025 年的 60.8 亿美元增长至 2033 年的 100.4 亿美元,在预测期(2026-2033 年)内复合年增长率 (CAGR) 为 6.31%。推动印度工业紧固件市场成长的关键因素包括建筑活动的增加、汽车生产需求的成长以及工业机械的整体扩张。住宅和商业项目的蓬勃发展以及政府的智慧城市计划,都带动了建筑业的成长,从而对各种紧固件的需求不断增加。透过政府的各项举措,包括 "印度製造" 计划,大规模的基础设施建设正在推动道路、桥樑和城市发展,从而带动紧固件的需求成长。
此外,汽车产业正在加速汽车生产,最终将发展为电动车,这将进一步增加对紧固件的需求。由于 "自力更生印度" 倡议的实施,製造业的扩张也促进了这一增长,航空航天和电子等多个行业对紧固件的需求量很大。
2024年8月,Sundram Fasteners宣布将投资4,200万至4,800万美元用于新项目,目标是实现电动车零件和非汽车领域的强劲成长。该公司电动车订单积压已从2.5亿美元增至4.25亿美元,并计划在未来两到三年内将风电收入扩大到6,020万美元。
以上公司排名并非基于市场占有率,可能会根据研究过程中获得的资讯而有所变动。
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.
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.
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.
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.