Global Bolts Market Report and Forecast 2024-2032

Global Bolts Market Size

The global bolts market reached around USD 37.90 billion in 2023. The market is projected to grow at a CAGR of 4.6% between 2024 and 2032 to reach nearly USD 56.81 billion by 2032.

Global Bolts Market Outlook

• Nearly 2.5 million burglaries happen annually worldwide. 66% of these are break-ins.

• Almost 2-3rds of all burglaries happen during daytime. 

• 85% of all home invasions are conducted by non-professional robbers.

Global Bolts Market Growth

High-strength bolts are expected to witness a surge in demand from the automotive industry, as the emergence of electric vehicles necessitates the need for miniaturisation of electronic components that reduce the weight of the vehicle and enhance its energy efficiency. By 2030, nearly 40% of overall vehicle sales worldwide are expected to become EVs. In 2023, every ¼ vehicle sold worldwide was an EV, with Norway (90%) and China (40%) leading the global sales of EVs. This is expected to contribute to market expansion in the coming years.

As per the FBI’s UCR (Uniform Crime Reporting Program) 2019, nearly 3,062 burglaries happen daily in the United States. A property crime is committed every 4.4 seconds but only 14% of them can be solved due to lack of evidence. An average burglary costs nearly USD 2,692 to the homeowner. In 2022, the average value of stolen items overall was USD 463,576,405,747, with goods worth nearly $97,386 stolen during the daytime. Nearly 42% of burglars break in through household windows. Houston (14,664), Seattle (9,692), and Las Vegas (7,822) witnessed the highest incidence of burglaries in 2021. Nearly 75% of the American population does not have a home security system to prevent these break-ins. The reliance on sturdy bolts to improve household safety is expected to drive the market growth.

Global Bolts Industry Segmentation

Global Bolts Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Half Screw Bolt

• Full Screw Bolt

Market Breakup by Material

• Metal

• Plastic

Market Breakup by End Use

• Automotive

• Aerospace

• Construction

• Industrial Machinery

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Bolts Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-2032, Latin America is expected to grow at a CAGR of 5%, due to the increasing demand for security and surveillance webcams for ensuring public security.

Leading Companies in the Global Bolts Market

Major market players are expected to automate the process of fixing and fastening bolts to improve the accuracy and reliability of operations. Self-sealing nuts are also enhancing the lifespan of bolts due to their watertight nature.

• B&G Manufacturing Co. Inc.

• Boltport Fasteners LLP

• Brunner Manufacturing Co., Inc.

• KD Fasteners, Inc.

• F. REYHER Nchfg. GmbH & Co. KG

• Fabory Poland Spzoo

• Keller & Kalmbach GmbH

• Avighan A.B Steels

• Cooper Turner Beck Group

• Fastenal Company

• Others

Key Highlights of the Report