Automotive Fasteners Market Report 2026

The automotive fasteners market size has grown steadily in recent years. It will grow from $28.55 billion in 2025 to $29.18 billion in 2026 at a compound annual growth rate (CAGR) of 2.2%. The growth in the historic period can be attributed to expansion of global automotive production, increased use of modular vehicle assemblies, rising safety and durability standards, widespread adoption of steel-based fasteners, growth of internal combustion engine vehicles.

The automotive fasteners market size is expected to see steady growth in the next few years. It will grow to $31.86 billion in 2030 at a compound annual growth rate (CAGR) of 2.2%. The growth in the forecast period can be attributed to increasing production of electric and hybrid vehicles, rising demand for aluminum and composite fasteners, expansion of automated vehicle assembly lines, growing focus on vehicle lightweighting, increasing adoption of advanced fastening technologies. Major trends in the forecast period include increasing demand for lightweight fastening solutions, rising adoption of high-strength and corrosion-resistant fasteners, growing use of fasteners for electric vehicle platforms, expansion of precision fastening in automotive assembly, enhanced focus on vibration-resistant designs.

The increasing demand for electric vehicles is expected to propel the growth of the automotive fasteners market going forward. Electric vehicles (EVs) are vehicles that are partially or fully powered by electricity and rely on advanced structural designs, battery systems, and lightweight components. EV infrastructure equipment, battery packs, power electronics, and vehicle body structures require high-quality fasteners to ensure mechanical strength, safety, and long-term durability under thermal and vibration stress. As EV production scales globally, the need for specialized fasteners that support lightweighting, corrosion resistance, and high load-bearing performance is rising. For instance, in April 2024, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, nearly 14 million new electric cars were registered worldwide in 2023. Electric car sales increased by 3.5 million units compared to 2022, representing a 35% year-on-year growth. Therefore, the rapid expansion of electric vehicle adoption is driving the growth of the automotive fasteners market.

Major companies operating in the automotive fasteners market are focusing on technological advancements such as high-performance plastic fasteners to address the growing demand for lightweight, durable, and reliable fastening solutions in automotive and electric vehicle applications. High-performance plastic screws are engineered polymer-based fasteners designed to deliver superior strength, chemical resistance, and thermal stability compared with conventional plastic fasteners. Unlike traditional metal fasteners, these screws are lightweight, corrosion-resistant, electrically non-conductive, and capable of maintaining performance in high-temperature and high-stress environments, making them well-suited for modern vehicle architectures and EV assemblies. For instance, in April 2024, TR Fastenings Ltd., a UK-based manufacturer of fastening solutions, launched the Plas-Tech 30-20 screws as part of its Plas-Tech range. Developed by its global engineering teams, these screws feature an optimized thread profile for improved engagement across a wide range of plastics, deliver enhanced fixation strength by displacing material during installation, and support customized engineering solutions for automotive and industrial applications, improving reliability and assembly efficiency compared with conventional plastic fasteners.

In June 2024, Novastone Capital, a Switzerland-based investment firm, acquired Mecavit for an undisclosed amount. Through this acquisition, Novastone Capital aims to invest in and support Mecavit’s growth while preserving its reputation for quality and reliability in automotive fastener manufacturing. Mecavit is an Italy-based fastener manufacturer specializing in high-precision special fasteners, particularly screws made from carbon steel and hardened steels, serving automotive and industrial customers. This acquisition strengthens Mecavit’s position in the automotive fasteners market and supports continued innovation to meet evolving vehicle manufacturing requirements.

Major companies operating in the automotive fasteners market are Illinois Tool Works Inc, KAMAX Holding GmbH & Co. KG, Lisi S.A., Stanley Black & Decker, Bulten AB, Nifco Inc, PennEngineering, Sundram Fasteners Limited, The SFS Group AG, Agrati, KOVA Fasteners Pvt. Ltd., Deepak Fasteners Limited (DFL), TorqBolt Inc., Jyoti Engineering (Jyoti), Boltport Fasteners (BPF), Ananka Fasteners Manufacturers, Yijin Hardware Co., Ltd, Shanghai Jianxin Hardware Co., Ltd, Handan Zhongpin Fasteners Manufacturing Co., Ltd, Tianjin Fine Fasteners Co., Ltd, GWR Fasteners Limited, Kebrell Nuts & Bolts Ltd, FASTENEX, S.L., Rivit s.r.l., Coba Automotive Rus LLC, Nedschroef, Fastener SRL, BULONERA BAF SRL, AI-Rashed Fasteners, Prince Fasteners Manufacturing Co Ltd, Asia Bolts Industries LLC, EJOT Middle East, TripleFast Middle East, Phillips screw company, Westfield Fasteners Limited.

Asia-Pacific was the largest region in the automotive fasteners market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive fasteners market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive fasteners market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automotive fasteners market consists of sales of nuts, washers, concrete anchors, threaded rods, bolt, rivets, screws, and retaining rings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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