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Industrial Lightweight Construction Fasteners Market Dynamics: Impact of Electric Vehicles

 The global industrial lightweight construction fasteners market size was estimated at USD 1.16 billion in 2024 and is projected to reach USD 1.96 billion by 2033, growing at a CAGR of 6.2% from 2025 to 2033. The demand for Industrial Lightweight Construction (ILC) fasteners is rising due to the growing adoption of lightweight materials across key industries such as automotive, aerospace, electronics, and industrial machinery.

 

With increasing global pressure to reduce carbon emissions and enhance energy efficiency, manufacturers are shifting from traditional heavy metals to composites, aluminum, and high-strength plastics. This transition requires specialized fasteners that can effectively secure lightweight components without compromising structural integrity, thereby boosting the demand for advanced fastening solutions.

 

Several key drivers are propelling the growth of the ILC fasteners industry. The rapid expansion of electric vehicles (EVs), where every gram of weight impacts battery performance and range, is significantly increasing the demand for lightweight, durable fasteners. Additionally, the aerospace industry’s ongoing efforts to improve fuel efficiency and reduce material weight are pushing the development of high-performance fastening systems. Government regulations concerning vehicle emissions, energy consumption in construction, and green manufacturing practices are further encouraging the adoption of lightweight construction techniques, supporting market expansion.

 

Key Market Trends & Insights

  • Asia Pacific dominated the industrial lightweight construction fasteners market, holding the largest revenue share of 42.5% in 2024.
  • By product, the self-drilling screws segment is expected to grow at the fastest CAGR of 6.7% over the forecast period.
  • By roofing system, the sandwich panel roof segment is projected to see the fastest CAGR of 6.7% during the forecast period.
  • By wall system, the wall with sandwich panels segment is anticipated to experience the fastest CAGR of 6.7% over the forecast period.
  • By end use, the energy & utilities segment (solar and green roofs) is expected to grow at the fastest CAGR of 6.7% during the forecast period.

 

Order a free sample PDF of the Industrial Lightweight Construction Fasteners Market Intelligence Study, published by Grand View Research.

 

Market Size & Forecast

  • 2024 Market Size: USD 1.16 Billion
  • 2033 Projected Market Size: USD 1.96 Billion
  • CAGR (2025-2033): 6.2%
  • Asia Pacific: Largest market in 2024

 

Key Companies & Market Share Insights

The ILC fasteners market features prominent players such as Hilti Group, Stanley Black & Decker, Arconic Corporation, Bulten AB, Nifco Inc., Illinois Tool Works (ITW), LISI Group, TR Fastenings, Bossard Group, and PennEngineering. These companies actively adopt strategies such as continuous product innovation, regional expansion, and strategic collaborations to cement their competitive advantage. Additionally, there is a growing emphasis on designing application-specific, corrosion-resistant, and high-strength fasteners compatible with advanced lightweight materials used in automotive, aerospace, and industrial sectors.

 

Moreover, top players engage in targeted mergers and acquisitions to diversify their technological capabilities and enhance their global presence. For instance, in March 2024, PennEngineering acquired a German-based specialty fastener manufacturer focused on lightweight composite fastening systems, enabling the company to strengthen its footprint in the European automotive market. This acquisition aligns with PennEngineering's commitment to providing next-generation fastening technologies optimized for hybrid and electric vehicle platforms, where weight reduction and assembly efficiency are critical.

 

Key Players

  • Hilti Group
  • Stanley Black & Decker
  • Arconic Corporation
  • Bulten AB
  • Nifco Inc.
  • Illinois Tool Works (ITW)
  • LISI Group
  • TR Fastenings
  • Bossard Group
  • PennEngineering

 

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

 

Conclusion

The industrial lightweight construction fasteners market is on an upward trajectory, driven by the increasing adoption of lightweight materials in various industries, including automotive and aerospace. With a projected market size expansion and a strong CAGR, the ongoing shift towards sustainable practices and regulatory support for lightweight construction techniques create significant opportunities for manufacturers. As demand grows, companies that focus on innovation, strategic partnerships, and enhancing their technological capabilities will likely capture a larger share of this evolving market. The ongoing developments in electric vehicles and energy-efficient solutions will further propel growth, positioning the industrial lightweight construction fasteners market for a robust future.

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