The global market for Automotive Fasteners was valued at US$18.7 Billion in 2024 and is projected to reach US$25.0 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The automotive fastener market is characterized by continuous innovation aimed at improving manufacturing efficiency and vehicle performance. Automation in production processes, such as the use of robotics and computer-aided design (CAD), has led to more precise and reliable fastener solutions. Additionally, the push for sustainability has prompted manufacturers to develop eco-friendly fastening systems that reduce waste and support recycling efforts. Customization has also become a significant trend, with manufacturers offering tailored fasteners designed to meet the specific needs of different vehicle models and applications. The market is highly competitive, with key players investing heavily in research and development to introduce new products that offer superior performance and cost-effectiveness. Moreover, stringent government regulations related to vehicle safety and emissions are propelling the adoption of advanced fasteners that contribute to overall vehicle efficiency and safety.
The growth in the automotive fastener market is driven by several factors, including the rising production of electric vehicles (EVs), which require specialized fasteners to accommodate unique design and safety requirements. The increasing focus on lightweighting to improve fuel efficiency and reduce emissions has led to a higher demand for fasteners made from advanced materials like titanium and composites. Technological advancements, such as the integration of smart fasteners equipped with sensors for real-time monitoring of tension and integrity, are also fueling market growth. Additionally, the expansion of the automotive industry in emerging markets, where vehicle ownership is rising, is contributing to increased demand for fasteners. Consumer preferences for enhanced vehicle performance and safety features are driving the development of high-performance fasteners that ensure robust and reliable connections. Furthermore, the trend towards vehicle customization and the growing aftermarket for automotive parts are creating new opportunities for fastener manufacturers to supply a diverse range of products tailored to specific consumer needs.
Global Automotive Fasteners Market - Key Trends & Drivers Summarized
Automotive fasteners, an integral component of vehicle manufacturing, play a crucial role in ensuring the structural integrity and functionality of automobiles. These fasteners, which include bolts, nuts, screws, and rivets, are used to join various parts of a vehicle, such as the engine, chassis, and interior components. The selection of fasteners is based on factors like material compatibility, strength, and resistance to environmental factors such as corrosion and vibration. The industry has seen significant advancements with the introduction of high-performance materials like stainless steel, aluminum, and advanced polymers, which offer enhanced durability and reduced weight. The increasing complexity of modern vehicles, incorporating advanced electronics and lightweight materials, has driven the development of specialized fasteners that meet stringent safety and performance standards.The automotive fastener market is characterized by continuous innovation aimed at improving manufacturing efficiency and vehicle performance. Automation in production processes, such as the use of robotics and computer-aided design (CAD), has led to more precise and reliable fastener solutions. Additionally, the push for sustainability has prompted manufacturers to develop eco-friendly fastening systems that reduce waste and support recycling efforts. Customization has also become a significant trend, with manufacturers offering tailored fasteners designed to meet the specific needs of different vehicle models and applications. The market is highly competitive, with key players investing heavily in research and development to introduce new products that offer superior performance and cost-effectiveness. Moreover, stringent government regulations related to vehicle safety and emissions are propelling the adoption of advanced fasteners that contribute to overall vehicle efficiency and safety.
The growth in the automotive fastener market is driven by several factors, including the rising production of electric vehicles (EVs), which require specialized fasteners to accommodate unique design and safety requirements. The increasing focus on lightweighting to improve fuel efficiency and reduce emissions has led to a higher demand for fasteners made from advanced materials like titanium and composites. Technological advancements, such as the integration of smart fasteners equipped with sensors for real-time monitoring of tension and integrity, are also fueling market growth. Additionally, the expansion of the automotive industry in emerging markets, where vehicle ownership is rising, is contributing to increased demand for fasteners. Consumer preferences for enhanced vehicle performance and safety features are driving the development of high-performance fasteners that ensure robust and reliable connections. Furthermore, the trend towards vehicle customization and the growing aftermarket for automotive parts are creating new opportunities for fastener manufacturers to supply a diverse range of products tailored to specific consumer needs.
Scope of the Study
The report analyzes the Automotive Fasteners market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Type (Removable, Permanent, Semi-Permanent); Product (Threaded Fastener, Non-Threaded Fastener); Material Type (Steel, Plastic, Other Material Types); and Application (Passenger Cars, Commercial Vehicles).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Removable Fasteners segment, which is expected to reach US$15.1 Billion by 2030 with a CAGR of a 5.5%. The Permanent Fasteners segment is also set to grow at 4.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $3.0 Billion in 2024, and China, forecasted to grow at an impressive 7.3% CAGR to reach $6.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Avery Dennison Corporation, APM Automotive Holdings Bhd., Bharat Forge Ltd., Acument Global Technologies, Inc., Adolf Wurth Gmbh & Co. KG (Wurth Group) and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Automotive Fasteners Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automotive Fasteners Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Automotive Fasteners Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 117 major companies featured in this Automotive Fasteners market report include:
- Avery Dennison Corporation
- APM Automotive Holdings Bhd.
- Bharat Forge Ltd.
- Acument Global Technologies, Inc.
- Adolf Wurth Gmbh & Co. KG (Wurth Group)
- AVK Industrial Products
- Arconic, Inc.
- ATF, Inc.
- Avibank Mfg., Inc.
- Aoyama Seisakusho Co., Ltd.
- A. Agrati SpA
- Armour Screw Company
- Avdel (India) Pvt. Ltd.
- Abbott Interfast LLC
- A & G Fasteners Pty Ltd.
Table of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Avery Dennison Corporation
- APM Automotive Holdings Bhd.
- Bharat Forge Ltd.
- Acument Global Technologies, Inc.
- Adolf Wurth Gmbh & Co. KG (Wurth Group)
- AVK Industrial Products
- Arconic, Inc.
- ATF, Inc.
- Avibank Mfg., Inc.
- Aoyama Seisakusho Co., Ltd.
- A. Agrati SpA
- Armour Screw Company
- Avdel (India) Pvt. Ltd.
- Abbott Interfast LLC
- A & G Fasteners Pty Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 606 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 18.7 Billion |
| Forecasted Market Value ( USD | $ 25 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
