INDUSTRY OUTLOOK

Market Size & Growth

The Indian fasteners market was valued at ~₹35,000 crore in FY2024 and is projected to grow at 6–8% CAGR over the next 5 years.

Precision fasteners (automotive, aerospace, electronics, solar, defence) form a premium sub-segment, expected to grow faster at ~10–12% CAGR due to rising demand for high strength, corrosion resistant, custom fasteners.

Key Demand Drivers

Automotive & EV Industry: OEM and Tier 1 suppliers are adopting lightweight, high strength fasteners for EV platforms and safety components.

Renewable Energy & Solar: Surge in solar power installations (target 500 GW by 2030) drives demand for specialized fasteners that withstand extreme environments.

Electronics & Engineering: Miniaturization trends and high precision assembly in consumer electronics and industrial equipment fuel demand for micro fasteners.

Defence & Aerospace: Government’s “Make in India” initiative and indigenization policies boost domestic sourcing of aerospace grade fasteners.

Key Trends

Shift towards high tensile alloys, stainless steel, titanium fasteners.

Automation & precision machining adoption to meet international tolerance levels.

Demand for surface treatments (zinc nickel, Dacromet) for corrosion resistance.

Growth in exports: Indian fasteners gaining traction in US, EU automotive markets due to cost competitiveness and quality upgrades.

Summary

Medium term outlook (FY24–FY29):

Revenue growth: 8–10% CAGR for precision fastener OEMs.

Margins: Expected improvement by 100–150 bps as scale increases and raw material volatility stabilizes.

Capex: Steady investments in CNC, cold forging, and coating facilities.

Policy support via PLI schemes for auto components and solar hardware localization further bolsters sector prospects.

Latest shareholding pattern of Bolzen and Mutter Ltd.