South Korea Industrial Fasteners Market Size, Share, and COVID-19 Impact Analysis, By Type (Bolts, Nuts, Screws, Washers, Rivets, and Others), By Raw Material (Metal and Plastic), and South Korea Industrial Fasteners Market Insights, Industry Trend, Forecasts to 2035

South Korea Industrial Fasteners Market Insights Forecasts to 2035

• The South Korea Industrial Fasteners Market Size was Estimated at USD 5,137.4 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.17% from 2025 to 2035
• The South Korea Industrial Fasteners Market Size is Expected to Reach USD 8,949.0 Million by 2035

According to a research report published by Spherical Insights and Consulting, The South Korea Industrial Fasteners Market Size is anticipated to reach USD 8,949.0 Million by 2035, growing at a CAGR of 5.17% from 2025 to 2035. A few the major factors propelling the market are the growth of the manufacturing sector, the increase in infrastructure development projects, such as energy facilities, transportation networks, and construction projects, as well as the growing trend of specialization and customization.

Market Overview

The South Korean industrial fasteners market encompasses the production, distribution, and consumption of fastening components necessary for part assembly and security across a range of industries are all included in the South Korean industrial fasteners market. These parts, which are essential to industries like electronics, automotive, aerospace, construction, and industrial machinery, include bolts, nuts, screws, washers, rivets, and specialty fasteners. Additionally, the growing demand from the automotive, aerospace, and construction industries is driving substantial growth opportunities in the South Korean industrial fasteners market. The demand for advanced fasteners is anticipated to rise as South Korea maintains its position as a leader in the automotive industry, especially with the growing popularity of electric vehicles (EVs). Manufacturers that specialize in corrosion-resistant and lightweight fastening solutions have a unique opportunity as EVs require lightweight, high-strength fasteners to maximize energy efficiency. The aerospace sector, which is renowned for its exacting performance requirements, offers significant growth potential as well, especially for long-lasting and highly precise fasteners used in aircraft components. The demand for strong fastening solutions will increase as South Korea makes more investments in infrastructure development, such as large-scale building projects and energy facilities, opening up long-term prospects for producers.

Report Coverage

This research report categorizes the market for the South Korea industrial fasteners market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea industrial fasteners market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea industrial fasteners market.

Driving Factors

The important driver driving the expansion of the industrial fasteners market in South Korea is technological advancements in fastener manufacturing. High-performance fasteners that satisfy the exacting requirements of numerous industries have been produced as such of the development of advanced materials, automation, and precision manufacturing. Fasteners with increased strength, resistance to corrosion, and reduced weight are being made from new materials like titanium, composites, and lightweight alloys. These developments meet the changing demands of sectors where efficiency and performance are critical, such as electronics, automotive, and aerospace. The market for industrial fasteners will continue to grow as a consequence of these technological advancements as manufacturers continue to demand more precision and quicker production processes.

Restraining Factors

Some of the main problems facing the South Korean industrial fasteners market is the volatility of raw material prices. The price of metals like steel, aluminum, and titanium, which are commonly used in the production of fasteners, can be impacted by geopolitical factors, changes in demand, and interruptions in the global supply chain. These differences could impact the overall cost of manufacturing fasteners, forcing manufacturers to adjust their pricing strategies or pay the additional costs. The price volatility of raw materials can also hinder profitability, particularly for smaller producers who may struggle to maintain competitive prices in an unstable market.

Market Segmentation

The South Korea Industrial Fasteners Market share is classified into type and raw material.

• The bolts segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea industrial fasteners market is segmented by type into bolts, nuts, screws, washers, rivets, and others. Among these, the bolts segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Screws are frequently used in electronics and machinery, while bolts are crucial in construction and automotive applications because they offer structural components a secure way to be fastened. Because they can provide sturdy, long-lasting fastenings in high-stress situations, rivets are especially common in aerospace applications. Although they make up a smaller portion of the market, other fastener types like washers and pins also contribute.

• The metal segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea industrial fasteners market is segmented by raw material into metal and plastic. Among these, the metal segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. As they are strong, long-lasting, and resistant to corrosion, metal fasteners are used extensively in a variety of industries, including machinery, construction, automotive, and aerospace.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea industrial fasteners market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• GS Bolt Co. Ltd.
• HASM Co. Ltd.
• Hilti Corporation
• Hwashin Bolt Ind. Co. Ltd.
• MISUMI Corporation

Recent Developments:

• In February 2025, Novarc Technologies and Miller Electric Mfg. LLC, a fully-owned subsidiary of Illinois Tool Works (ITW), announced a strategic alliance. The goal of this partnership was to develop AI-powered welding solutions under the Miller® Copilot™ line to increase precision, address labor shortages, and boost productivity in sectors like heavy equipment manufacturing and shipbuilding.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Industrial Fasteners Market based on the below-mentioned segments:

South Korea Industrial Fasteners Market, By Type

• Bolts
• Nuts
• Screws
• Washers
• Rivets
• Others

South Korea Industrial Fasteners Market, By Raw Material

• Metal
• Plastic