Passenger Car Fasteners Market - Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Vehicle Type, By Fastner Type, By Material Type, By Region & Competition, 2021-2031F

Description

The Global Passenger Car Fasteners Market will grow from USD 26.37 Billion in 2025 to USD 37.51 Billion by 2031 at a 6.05% CAGR. Passenger car fasteners are specialized mechanical hardware components, such as nuts, bolts, screws, and rivets, engineered to securely join vehicle parts while withstanding high levels of vibration and stress.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 26.37 Billion
Market Size 2031	USD 37.51 Billion
CAGR 2026-2031	6.05%
Fastest Growing Segment	SUV
Largest Market	Asia Pacific

Key Market Drivers

The accelerated adoption of electric and hybrid vehicles is a primary catalyst reshaping the Global Passenger Car Fasteners Market. As automotive manufacturers transition from internal combustion engines to electrified powertrains, there is a distinct shift in demand toward specialized joining components designed to secure heavy battery packs, inverters, and high-voltage electrical systems. These applications require high-strength, insulated, and corrosion-resistant fasteners that can maintain integrity under unique thermal and mechanical stresses.

Key Market Challenges

Volatility in raw material costs, particularly for steel and aluminum, represents a primary obstacle to the stable expansion of the passenger car fasteners market. As these components are predominantly manufactured from metal alloys, sudden spikes in commodity prices directly increase production expenditures for suppliers. This unpredictability creates a difficult environment for manufacturers who typically operate on tight margins. When input costs rise unexpectedly, producers struggle to maintain competitive pricing structures without absorbing significant financial losses or attempting to pass costs onto automotive original equipment manufacturers, which strains business relationships.

Key Market Trends

The integration of RFID and sensor-enabled smart fasteners is transforming automotive supply chains by enabling digital traceability and automated inventory management. These intelligent systems allow manufacturers to track component usage in real-time and streamline replenishment, significantly reducing operational downtime. By embedding digital intelligence into assembly lines, suppliers are converting standard hardware into data-generating assets that optimize logistics and ensure process transparency.

Key Market Players

Bulten AB
Shanghai Tianbao Fastener Manufacturing company Limited
Westfield Fasteners Limited
The Phillips Screw Company
KOVA Fasteners Private Limited
KAMAX Holding GmbH & Co. KG
LISI Group
Illinois Tool Works Inc.
The SFS Group AG
Nifco Inc.

Report Scope:

In this report, the Global Passenger Car Fasteners Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Passenger Car Fasteners Market, By Vehicle Type:

SUV
Sedan
Hatchback
MUV

Passenger Car Fasteners Market, By Fastner Type:

Threaded and Non Threaded

Passenger Car Fasteners Market, By Material Type:

Iron
Steel
Aluminum
Brass
Plastic

Passenger Car Fasteners Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Passenger Car Fasteners Market.

Available Customizations:

Global Passenger Car Fasteners Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Passenger Car Fasteners Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Vehicle Type (SUV, Sedan, Hatchback, MUV)
- 5.2.2. By Fastner Type (Threaded and Non Threaded)
- 5.2.3. By Material Type (Iron, Steel, Aluminum, Brass, Plastic)
- 5.2.4. By Region
- 5.2.5. By Company (2025)
5.3. Market Map

6. North America Passenger Car Fasteners Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Vehicle Type
- 6.2.2. By Fastner Type
- 6.2.3. By Material Type
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Passenger Car Fasteners Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Vehicle Type
    - 6.3.1.2.2. By Fastner Type
    - 6.3.1.2.3. By Material Type
- 6.3.2. Canada Passenger Car Fasteners Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Vehicle Type
    - 6.3.2.2.2. By Fastner Type
    - 6.3.2.2.3. By Material Type
- 6.3.3. Mexico Passenger Car Fasteners Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Vehicle Type
    - 6.3.3.2.2. By Fastner Type
    - 6.3.3.2.3. By Material Type

7. Europe Passenger Car Fasteners Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Vehicle Type
- 7.2.2. By Fastner Type
- 7.2.3. By Material Type
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Passenger Car Fasteners Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Vehicle Type
    - 7.3.1.2.2. By Fastner Type
    - 7.3.1.2.3. By Material Type
- 7.3.2. France Passenger Car Fasteners Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Vehicle Type
    - 7.3.2.2.2. By Fastner Type
    - 7.3.2.2.3. By Material Type
- 7.3.3. United Kingdom Passenger Car Fasteners Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Vehicle Type
    - 7.3.3.2.2. By Fastner Type
    - 7.3.3.2.3. By Material Type
- 7.3.4. Italy Passenger Car Fasteners Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Vehicle Type
    - 7.3.4.2.2. By Fastner Type
    - 7.3.4.2.3. By Material Type
- 7.3.5. Spain Passenger Car Fasteners Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Vehicle Type
    - 7.3.5.2.2. By Fastner Type
    - 7.3.5.2.3. By Material Type

8. Asia Pacific Passenger Car Fasteners Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Vehicle Type
- 8.2.2. By Fastner Type
- 8.2.3. By Material Type
- 8.2.4. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Passenger Car Fasteners Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Vehicle Type
    - 8.3.1.2.2. By Fastner Type
    - 8.3.1.2.3. By Material Type
- 8.3.2. India Passenger Car Fasteners Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Vehicle Type
    - 8.3.2.2.2. By Fastner Type
    - 8.3.2.2.3. By Material Type
- 8.3.3. Japan Passenger Car Fasteners Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Vehicle Type
    - 8.3.3.2.2. By Fastner Type
    - 8.3.3.2.3. By Material Type
- 8.3.4. South Korea Passenger Car Fasteners Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Vehicle Type
    - 8.3.4.2.2. By Fastner Type
    - 8.3.4.2.3. By Material Type
- 8.3.5. Australia Passenger Car Fasteners Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Vehicle Type
    - 8.3.5.2.2. By Fastner Type
    - 8.3.5.2.3. By Material Type

9. Middle East & Africa Passenger Car Fasteners Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Vehicle Type
- 9.2.2. By Fastner Type
- 9.2.3. By Material Type
- 9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Passenger Car Fasteners Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Vehicle Type
    - 9.3.1.2.2. By Fastner Type
    - 9.3.1.2.3. By Material Type
- 9.3.2. UAE Passenger Car Fasteners Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Vehicle Type
    - 9.3.2.2.2. By Fastner Type
    - 9.3.2.2.3. By Material Type
- 9.3.3. South Africa Passenger Car Fasteners Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Vehicle Type
    - 9.3.3.2.2. By Fastner Type
    - 9.3.3.2.3. By Material Type

10. South America Passenger Car Fasteners Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Vehicle Type
- 10.2.2. By Fastner Type
- 10.2.3. By Material Type
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Passenger Car Fasteners Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Vehicle Type
    - 10.3.1.2.2. By Fastner Type
    - 10.3.1.2.3. By Material Type
- 10.3.2. Colombia Passenger Car Fasteners Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Vehicle Type
    - 10.3.2.2.2. By Fastner Type
    - 10.3.2.2.3. By Material Type
- 10.3.3. Argentina Passenger Car Fasteners Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Vehicle Type
    - 10.3.3.2.2. By Fastner Type
    - 10.3.3.2.3. By Material Type

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Passenger Car Fasteners Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Bulten AB
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Shanghai Tianbao Fastener Manufacturing company Limited
15.3. Westfield Fasteners Limited
15.4. The Phillips Screw Company
15.5. KOVA Fasteners Private Limited
15.6. KAMAX Holding GmbH & Co. KG
15.7. LISI Group
15.8. Illinois Tool Works Inc.
15.9. The SFS Group AG
15.10. Nifco Inc.