PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1793683
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1793683
Global Passenger Car Fasteners Market to Reach US$17.2 Billion by 2030
The global market for Passenger Car Fasteners estimated at US$14.4 Billion in the year 2024, is expected to reach US$17.2 Billion by 2030, growing at a CAGR of 3.0% over the analysis period 2024-2030. SUV, one of the segments analyzed in the report, is expected to record a 4.1% CAGR and reach US$7.8 Billion by the end of the analysis period. Growth in the Sedan segment is estimated at 2.0% CAGR over the analysis period.
The U.S. Market is Estimated at US$3.9 Billion While China is Forecast to Grow at 5.9% CAGR
The Passenger Car Fasteners market in the U.S. is estimated at US$3.9 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.1% and 2.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.
Global Passenger Car Fasteners Market - Key Trends & Drivers Summarized
Why Are Fasteners Indispensable in Passenger Car Manufacturing and Assembly?
Fasteners are critical components in the structural and functional integrity of passenger cars, ensuring secure assembly of parts across the body, powertrain, chassis, interior, and electrical systems. These include bolts, nuts, screws, rivets, washers, clips, and specialty locking devices-each tailored to meet specific torque, load, and vibration resistance requirements. Whether it's the mounting of engine parts or fastening of safety-critical systems like airbags or suspensions, fasteners directly impact vehicle performance, reliability, and safety.
As vehicle architectures become more complex and lightweighting becomes a key priority, the selection and application of automotive fasteners are evolving. The rising number of electronic components and modular assemblies is also increasing the use of precision fasteners that can withstand thermal cycling, moisture, and mechanical stress. In every car, hundreds of fasteners are strategically deployed, making them essential to both manufacturing workflows and end-use performance.
How Are Materials and Design Innovations Transforming Automotive Fasteners?
Fastener design is advancing to support new manufacturing goals, including weight reduction, corrosion resistance, and process efficiency. While steel continues to dominate due to its strength and cost-effectiveness, there is growing use of aluminum, titanium, and high-performance polymer-based fasteners, especially in electric vehicles (EVs) and lightweight body panels. These materials help reduce vehicle mass while maintaining required mechanical strength.
Coating technologies have also improved to enhance corrosion resistance and extend fastener life. Zinc flake coatings, organic lubricants, and anti-seize finishes are increasingly used in underbody and engine compartment fasteners. For critical load-bearing components, manufacturers are deploying high-strength grades with controlled yield ratios and fatigue resistance. In interiors and dashboards, plastic fasteners and push-type clips are widely used to simplify assembly and disassembly while minimizing noise and vibration. The growing demand for modular assembly also drives interest in captive fasteners and quick-release systems.
Where Is Market Demand Growing and Which Segments Are Leading Adoption?
Demand is rising globally in response to automotive production recovery, EV expansion, and lightweight vehicle design trends. Asia-Pacific leads in fastener volume, driven by large-scale manufacturing in China, India, Japan, and South Korea. Europe and North America remain key markets for specialized fasteners, particularly in safety systems, engine components, and high-performance segments. As vehicle electrification progresses, OEMs are developing new fastening strategies for battery enclosures, thermal management systems, and lightweight electronic housing.
Electric and hybrid vehicles are a growing segment, requiring specialized fasteners that offer high electrical insulation, thermal stability, and resistance to electromagnetic interference. Premium and sports car segments also contribute to demand for high-precision, high-strength fasteners in aluminum or titanium. Tier-1 automotive suppliers and OEMs are increasingly collaborating with fastener manufacturers to co-develop application-specific solutions tailored to new drivetrains, composite body structures, and crash energy management systems.
Growth in the Passenger Car Fasteners market is driven by several factors…
Growth in the passenger car fasteners market is driven by factors such as increasing vehicle production volumes, rising complexity of automotive assemblies, and demand for lightweight and high-performance materials. Electrification trends are introducing new fastening requirements for battery modules, power electronics, and charging infrastructure components. Regulatory pressure on vehicle weight and emissions is pushing the use of aluminum and polymer fasteners in body and chassis systems.
Advancements in corrosion protection, torque-tension performance, and pre-applied adhesives are enhancing fastener reliability and assembly efficiency. The shift toward modular vehicle platforms and increased use of advanced materials like composites and high-strength steels also necessitate specialized fastening techniques. As OEMs seek cost-effective, standardized, and sustainable fastening solutions, innovation in material science, automation compatibility, and process-integrated fasteners will continue to shape long-term market demand.
SCOPE OF STUDY:
The report analyzes the Passenger Car Fasteners market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Vehicle Type (SUV, Sedan, Hatchback, MUV); Fastener Type (Threaded Fastener, Non-Threaded Fastener); Material (Iron Material, Steel Material, Aluminum Material, Brass Material, Plastic Material)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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