Automotive Fastener Market Growth Analysis | 2025-2030

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in Automotive Fasteners Market 

• The annual demand for automotive fasteners was USD 25.1 billion in 2024 and is expected to reach USD 26.1 billion in 2025, up 3.7% than the value in 2024.
• During the forecast period (2025-2030), the automotive fasteners market is expected to grow at a CAGR of 1.9%. The annual demand will reach USD 28.7 billion in 2030.
• During 2025-2030, the automotive fasteners industry is expected to generate a cumulative sales opportunity of USD 164.7 billion.

High-Growth Market Segments: 

• Asia-Pacific is expected to maintain its reign in the market over the forecast period.
• By vehicle type, Light vehicles (LV) are expected to be the demand generator for fasteners in the coming years.
• By powertrain type, Battery electric vehicles are expected to create a massive demand for fasteners in the years to come.
• By material type, Metal is anticipated to contribute to the largest share of the automotive fastener market.
• By threading type, Threaded types of fasteners will see a surge in demand in the years to come.
• By application type, Body-in-white is the most widely used application in the market and is projected to maintain its dominant position in the future.
• By fastener type, Rivet is the largest fastener type in the market.

Market Statistics 

Have a look at the sales opportunities presented by the automotive fasteners market in terms of growth and market forecast.

Market Dynamics

Introduction:

Automotive fasteners are essential components used for joining parts and accessories in vehicles. They are available in various designs and materials (key materials include titanium, stainless steel, aluminum, high-strength alloys, plastic, etc.). They must possess exceptional mechanical properties, including high-stress resistance, corrosion resistance, and vibration resistance, to maintain the structural integrity of the vehicles. Key applications of fasteners include engine & powertrain, suspension & steering systems, body, interior, exterior, braking, electric modules, fuel systems, exhaust systems, etc.

Coatings play a key role in automotive fasteners, enhancing durability, providing resistance to environmental factors, and ensuring reliability in critical applications. The key coating types include zinc plating, black oxide, phosphate coating, cadmium plating, and organic or epoxy coatings.

The development of innovative fasteners with enhanced performance characteristics is increasing owing to advancements in electric vehicles, lightweight, and sustainability in the automotive industry.

Market Drivers

• The key drivers of the automotive fastener market are the rising production of passenger and commercial vehicles globally, an increase in motorization rate, the development of advanced lightweight materials and unique fasteners for fuel efficiency and safety, customization and modular vehicle designs create a need for more fasteners, expansion in EV, and stringent safety regulations which includes advanced and high-strength fasteners for securing components.

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Key Trends Shaping the Market

• Increased utilization of lightweight materials for manufacturing fasteners, such as advanced plastics and composite materials, to reduce vehicle weight and increase fuel efficiency.  
• Development of high-strength fasteners that can withstand high stress and offer enhanced durability. High-strength fasteners are essential for critical applications, ensuring vehicle safety and reliability.
• Development of universal and versatile fasteners that can be used across various applications within a vehicle.

Segment Analysis

By Vehicle Type

“Light vehicles (LV) are anticipated to drive the highest demand for automotive fasteners during the forecast period.”

• The automotive fastener market is segmented into LV and M&HCV. Despite using fewer fasteners than their medium and heavy counterparts, light vehicles are projected to drive the highest demand in the forecasted period.
• LV (light vehicle) includes passenger cars and LCVs (light commercial vehicles). Increasing motorization rate and higher production of passenger cars and LCVs are the key factors behind its dominance.

By Material Type

“Metal is expected to remain the dominant material type of the market during the forecast period.”

• In terms of material type, the market is segmented into metal fasteners and plastic fasteners.
• Metal is the most preferred material type in the market owing to its advantages, such as high tensile strength, resistance to rust and heat, shockproof, recyclable, versatility, compatibility with coatings, cost-effectiveness, high machinability, and resistance to wear and tear.
• Plastic is expected to remain the fastest-growing material type during the forecast period owing to its properties, such as lightweight, cost-efficient production, corrosion resistance, excellent electrical insulation, design flexibility, and eco-friendly innovations.

By Threading Type

“Threaded fasteners are projected to maintain their dominance and experience faster growth in the market throughout the forecast period.”

• In terms of threading type, the market is segmented into threaded and non-threaded fasteners.
• Threaded fasteners provide reliable and easily removable joints, and hence, they are applicable in many automobile parts, ensuring their continued demand and growth.
• Threaded fastener’s ability to be easily assembled, disassembled, and reused for repairs or maintenance contributes to their widespread use and market expansion.

By Application Type

“Body-in-white is the widely used application in the automotive fastener market and is expected to retain its dominant position in the forecasted period.”

• In terms of application type, the market is segmented into body in white, engine & powertrain, chassis, interiors, exteriors, and others.
• Body-in-white is the base of a car and needs many fasteners to provide strength and stiffness to the structure. Thus, the demand for this segment remains high.
• Vehicle bodies are subjected to stringent safety regulations, which include fasteners for securing components. Trends towards lightweight car body construction also require specialized fasteners. The fasteners used for the body in the white application must be adapted to these new designs and performance specifications.

By Fastener Type

“Rivets represent the largest fastener type, whereas nuts hold the second leading position in the market.”

• In terms of fastener type, the market is segmented into clips, nuts, bolts, screws, rivets, and others.
• Rivets hold the dominant position in the market. Technological advancements within assembly methods, including self-piercing rivets and automated riveting systems, drive the demand for rivets in modern automotive assembly processes.
• Nuts hold the second dominant position in the market. Nuts play a crucial role in automotive fasteners owing to their versatility, cost-effectiveness, strength, and adaptability to various materials and applications. Key applications of nuts include engines, suspension, chassis, interior components, and body assemblies. They are compatible with bolts, screws, and threaded studs, making them versatile fasteners.

Regional Insights

“The Asia-Pacific is expected to remain the largest market for automotive fasteners during the forecast period.”

• The market is segmented by region into North America, Europe, Asia-Pacific, and the Rest of the World.
• Asia-Pacific is the manufacturing hub of the automotive industry. It significantly contributes to the global production of both light and heavy vehicles, which drives the demand for automotive fasteners. The region is home to key automotive manufacturers such as Toyota, Honda, Hyundai, Kia, Tata Motors, and Nissan.
• China is the largest country in the global and Asia-Pacific fasteners market, owing to its status as the largest automotive manufacturer. It offers cost-effective production, technological advancements, a rising vehicle fleet, and a strong push toward electric vehicles.
• Europe and North America are also projected to generate sizeable demand for automotive fasteners during the forecast period. The USA, Germany, France, and the UK are key markets for automotive fasteners due to their innovation, manufacturing excellence, and strong automotive industry.

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Competitive Landscape

The market is highly fragmented, with the presence of over 150 players. Most of the major players compete in some of the governing factors, including price, service offerings, regional presence, etc. Leading players manufacture fasteners for the automotive industry and serve a wide range of other industries, such as aerospace, electronics, medical, construction, etc. The following are the key players in the automotive fastener market:

Here is the list of the Top Players (Based on Dominance):

• ITW
• Aoyama Seisakusho Co., Ltd.
• Nifco Inc.
• Shanghai Prime Machinery Co., Ltd.
• Stanley Black & Decker, Inc.
• Kamax Group
• Lisi Automotive

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation 

This report studies the market, covering a period of 15 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The automotive fastener market is segmented into the following categories:

Automotive Fastener Market, by Vehicle Type

• Light Vehicles
• Commercial Vehicles

Automotive Fastener Market, by Powertrain Type

• ICE Vehicles
• HEV
• BEV

Automotive Fastener Market, by Material Type

• Metal Fasteners
• Plastic Fasteners

Automotive Fastener Market, by Threading Type

• Threaded Fasteners
• Non-Threaded Fasteners

Automotive Fastener Market, by Application Type

• Body-in-White
• Engine & Powertrain
• Chassis
• Interior
• Exterior
• Other Application Types

Automotive Fastener Market, by Fastener Type

• Clips
• Nuts
• Bolts
• Screws
• Rivets
• Others

Automotive Fastener Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s automotive fasteners market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

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