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The Fasteners Market in Italy

The Fasteners Market in Italy

The Fasteners Market in Italy

The Overview

Italy’s manufacturing sector is the second largest in the eurozone after Germany and sixth in the world, based on measurements of Manufacturing Value Added. It is the world’s eighth largest exporter, with EU countries accounting for nearly two-thirds of its trade.

Machinery & electrical equipment and semi-finished products account for more than half of manufacturing revenues, with other consumer goods, transport equipment and high-tech products also significant.

The value of Made in Italy-branded products has seen significant growth to US$205 billion.

Manufacturing in Italy is expected to receive a boost from the Industrial National Plan 4.0 for 2017-20 unveiled in 2016 by the Ministry of Economic Development. This foresees transforming the sector by merging digital technology and conventional industry, promoting private investment through government incentives and stimulating research & development.

Source: CBI Ministry of Foreign Affairs



  • Italian industrial fastener demand is set to rise by 2.3% annually from 2020 to 2025, reaching $2.3 billion, making it the third largest market in Europe after Germany and France, a study by the Freedonia Group shows. Out of this total, standard fastener sales will be worth $2 billion by 2025, with externally threaded fasteners accounting for the biggest chunk of this at $1.3 billion.
  • Gains in the aerospace equipment market has allowed for solid growth in Italian sales of aerospace-grade fasteners, predicted to rise by 24% from 2020 to 2025 or 4.8% annually, to reach $260 million.
  • A similar trend can be seen globally, with the industrial fasteners market set to expand by 20% over the period 2020 to 2025, or 4% annually, to total US$99.5 billion by 2025. Europe will account for approximately one fifth of this, with sales forecast to reach $26 billion by 2025, compared to $22.7 billion in 2020.
  • The global market for aerospace fasteners is expected to increase at a faster compound annual growth rate (CAGR) rate of 7.6% between 2017 to 2024, with significant growth forecast in Europe.
  • As a major exporter, Italian fastener shipments are forecast to rise by 2.8% per year over the period 2020 to 2025, to reach $3.7 billion, making Italy the fifth largest exporter in the world. The biggest foreign markets are Germany, France, Spain, Poland, and the UK. It ranks as the second largest producer in Europe, holding a 20% share in the European market, after Germany.

*Sources: CBI Market Intelligence and The Freedonia Group

Italian industrial fastener demand by sector

  • Driven by growth in the machinery sector, sales of fasteners used in Italian machinery production are set to climb by 10% from 2020 to 2025, to reach $720 million. It remains the largest market for fasteners in Italy.
  • In second place, comes sales of fasteners used in maintenance and repair operations, up 8.7% by 2025 to total $375 million. Sales of fasteners used in fabricated metal products are in third place, rising by 9% to reach $370 million by 2025.
  • Fasteners used in motor vehicle production are in fourth place at $305 million, with demand increasing by 9% over the period. Whilst the fastener market for electrical and electronic equipment will be worth $190 million in 2025, up by 12% on 2020 levels.
  • In fifth place, comes demand for fasteners used in aerospace equipment at $175 million, climbing by as much as 30% as a result of the favourable market outlook. Finally, construction fastener sales will rise by 15% over the period to reach $75 million. 

*Source:  Global Industrial Fasteners Report by Product and Market, 9th Edition, Freedonia Group

Key fastener market trends

  • A key trend in the Italian fasteners market, and worldwide, is the development of lightweight fasteners and speciality fasteners. Aerospace has been the largest sector for these products, made mainly with alloy steel, titanium, aluminium, and the outlook for aerospace-grade fasteners is positive.
  • Most fasteners are made of steel, but increasing demand for plastic ones from the automotive and aerospace industries due to their lightweight, low cost, and superior corrosion resistance are expected to help drive growth over the period 2019 to 2025. They are gaining penetration in the fast growing electric cars market, up 38.2% in 2018 for electrically chargeable vehicles in Europe and by 35.6% for hybrid electric vehicles. Plug-in electric car sales rose by 34% in Italy in March 2019 year-on-year and it remained the biggest market for natural gas and liquefied petroleum gas-powered cars.
  • With the challenge being to cut emissions and to produce in an environmentally-friendly way, the number of electric cars produced in Europe is set to rise from three quarters of a million in 2019 or 4% of the market to over 4 million or 22% of the market in 2025. A lot of it will be located in Germany, France, Spain, UK and Italy.

    *Source: European Automobile Manufacturers Association

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