PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1927691
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1927691
The automotive fasteners market size was valued at US$ 21,540.20 Million in 2024, expanding at a CAGR of 5.76% from 2025 to 2032.
Automotive fasteners are mechanical components used to join and secure vehicle parts, ensuring structural integrity, safety, and durability across assemblies. Rising vehicle production, light weighting initiatives, and increasing adoption of electric vehicles (EVs) are driving demand for advanced automotive fasteners. Opportunities exist in developing high-strength, corrosion-resistant, and lightweight fasteners made from aluminum, composites, and specialty alloys to support EV platforms and fuel-efficient designs. A prominent trend is the shift toward customized and modular fasteners that simplify assembly while improving vibration resistance and reliability. However, challenges such as fluctuating raw material prices, strict regulatory standards, and performance degradation under extreme loads and thermal cycling limit adoption in highly demanding applications, such as heavy-duty and long-lifecycle vehicles.
Automotive Fasteners Market- Market Dynamics
Increasing vehicle production and electrification across passenger and commercial segments
The rising production of passenger and commercial vehicles, including electric vehicles (EVs), is significantly driving demand for automotive fasteners, which are essential for ensuring structural integrity, safety, and durability across vehicle assemblies. As automakers increasingly focus on lightweight designs, modular architectures, and advanced safety features, the need for high-performance fasteners capable of withstanding vibration, thermal stress, and mechanical loads has intensified. Automotive fasteners play a critical role in securing powertrain components, chassis systems, battery packs, and interior modules, enabling efficient assembly and long-term reliability. The growing shift toward EVs further amplifies demand, as battery enclosures and electric drivetrains require specialized fasteners with high strength, corrosion resistance, and thermal stability. Moreover, increasing vehicle ownership continues to support market growth. For instance, data published by the Society of Indian Automobile Manufacturers (SIAM) in 2024 indicated that India's total vehicle production exceeded 25 million units, highlighting sustained demand for reliable and high-quality automotive fasteners across the manufacturing ecosystem.
The Global Automotive Fasteners Market is segmented on the basis of Material, Fastener Type, Electric Vehicle Type, Application, and Region.
Based on market adoption, performance requirements, and cost considerations, iron holds the highest priority in the automotive fasteners market due to its widespread use in chassis, engine, and structural applications, supported by strength, availability, and cost efficiency. Stainless steel follows, driven by its superior corrosion resistance and durability, particularly in exhaust, underbody, and exterior components. Aluminum ranks next as automakers focus on light weighting to improve fuel efficiency and EV range. Brass and copper occupy mid-level priority, mainly used in electrical and electronic applications where conductivity is essential. Plastic fasteners are gaining importance for interior and non-load-bearing components due to weight reduction and design flexibility. Titanium and nickel fasteners have limited but critical usage in high-performance and high-temperature applications due to their high cost. Bronze remains niche, primarily used in specialized wear-resistant applications.
Based on usage volume and functional importance, threaded fasteners hold the highest priority in the automotive fasteners market, as they are extensively used across engine, chassis, suspension, and body assemblies. Within this category, nuts and screws dominate due to ease of installation, serviceability, and strong load-bearing capability, followed by studs, which are critical for high-stress and alignment-sensitive applications. Rivets rank next, driven by growing adoption in lightweight body structures and EV battery enclosures. Non-threaded fasteners occupy a moderate priority, with clips widely used for interior panels and trim components, while snap rings serve specialized retaining functions in transmissions and drivetrains. Specialty and safety-critical fasteners represent a high-value segment, gaining priority due to stringent safety regulations, particularly in braking systems, steering assemblies, and electric vehicle battery modules.
Automotive Fasteners Market- Geographical Insights
The global automotive fasteners market exhibits distinct regional dynamics, with the Asia Pacific emerging as the dominant contributor to demand. In 2024, Asia Pacific accounted for the largest share of the market, driven by high vehicle production volumes in China, India, Japan, and South Korea, rapid electrification, and strong localization of automotive component supply chains. China's substantial output of EVs and conventional vehicles underpins robust demand for both traditional and advanced fastening solutions. North America represents a significant secondary market, supported by reshoring initiatives, a strong OEM base, and rising EV production, with the United States showing solid growth in lightweight and smart fastener adoption. Europe maintains a sizeable share, propelled by stringent safety and emission standards requiring precision-engineered components. Smaller yet growing markets include Latin America, the Middle East, and Africa, where expanding automotive sales and infrastructure investments are increasing fastener uptake. Strategic collaborations and expansions reflect these regional trends; for example, Sterling Tools Ltd. signed a memorandum of understanding with South Korea's Yongin Electronics in 2024 to co-develop EV components in India, and major Tier-1 suppliers continue to pursue joint ventures to strengthen regional footprints and technological capabilities.
Automotive Fasteners Market- Country Insights
China and India stand out as key country markets in the automotive fasteners industry, driven by high vehicle production volumes, rapid electrification, and increasing localization of supply chains. China leads with robust demand for standard and specialty fasteners, supported by its large OEM base and significant electric vehicle output, resulting in higher projected growth rates compared with developed economies. India similarly shows strong expansion due to rising passenger vehicle and two-wheeler manufacturing platforms and government initiatives to bolster domestic component production. In developed markets, the United States remains a major consumer of advanced fastening solutions, influenced by reshoring trends and growing aftermarket demand for lightweight and high-performance fasteners, while Germany's established automotive ecosystem underpins demand for precision-engineered components. Strategic moves reflect these country-level dynamics; for instance, Swiss investment firm Novastone Capital acquired Mecavit to strengthen its fastener manufacturing footprint, and automotive fastener maker Nifco agreed to acquire Germany's KAMAX to expand its global presence and product portfolio.
The automotive fasteners market is highly competitive, with several multinational conglomerates and specialized suppliers vying for market share through technological innovation, expanded product portfolios, and strategic partnerships. Leading players include Illinois Tool Works Inc., Stanley Black & Decker, Wurth Group, ARaymond Network, Bulten AB, KAMAX Holding, LISI Automotive, Bossard Holding, and Sundram Fasteners Limited, each catering to OEM and aftermarket demand for high-strength, lightweight, and corrosion-resistant fastening solutions. These companies are investing in advanced fastening systems tailored for electric vehicle platforms and automated assembly processes to maintain competitiveness and address evolving automotive requirements. Recent consolidation and collaboration activity has further shaped the landscape; for example, Fontana Gruppo acquired a majority stake in Right Tight Fasteners (RTF) to strengthen its presence in Asia and global supply chains, and Novastone Capital's acquisition of Mecavit aimed to enhance investment and production capacity in automotive fastener manufacturing. Additionally, material partnerships such as Ascend Performance Materials teaming with ITW Global Fasteners to pilot traceability solutions underscore the sector's focus on innovation and sustainability.
In April 2024, TR Fastenings launched its new Plas-Tech 30-20(R) screw range, featuring an optimized thread profile for superior performance in plastic applications. The product offers finer pitch, higher joint strength, improved vibration resistance, and enhanced reusability compared with conventional thread-forming screws, expanding the company's Plas-Tech(R) portfolio.
In January 2025, Bossard Group unveiled next-generation automotive fastening solutions designed for modern vehicle production, including advanced composite and plastic fasteners, automated assembly-ready designs, and robust permanent solutions for electric vehicles, enhancing performance, durability, and adaptability across applications.