Automotive Fasteners Market Size, Share, and Growth Forecast for 2025 - 2032

Automotive Fasteners Market Size and Share Analysis

The global automotive fasteners market is estimated to reach a size of US$ 24.67 Bn in 2025. It is predicted to rise at a CAGR of 5.9% through the assessment period to attain a value of US$ 36.85 Bn by 2032.

Improvements in lightweight technology, incorporation of electronics into cars, and high vehicle manufacturing rate are set to propel the global automotive fastener industry. Demand for lightweight fasteners, especially in passenger vehicles, is increasing due to strict government regulations on fuel efficiency and emissions. For instance, manufacturers are adopting plastic and aluminum fasteners for interior trims to reduce vehicle weight and enhance performance.

In 2024, market players like Stanley Black & Decker and Bulten AB initiated working on cutting-edge fastening solutions for electric cars, supported by government grants and incentives. Fasteners play a vital part in contemporary vehicle design. Asia Pacific, which is dominated by China and India, is a key development hub supported by increased automotive production and rising disposable incomes.

Key Highlights of the Market

• The global increase in vehicle production is causing a surging demand for various types of automotive fasteners and assembly components.
• Growing use of lightweight materials in vehicles necessitates the creation of specialized fastening solutions for aluminum, composites, and plastics.
• Production of electric vehicles necessitates the development of new fastener designs specifically for battery systems and electrical components.

• Integration of automation in automotive assembly processes impacts fastener designs for robotic installation compatibility.
• In 2025, threaded fasteners are estimated to attain a market share of 66.8% due to their use in the auto industry.
• Based on vehicle type, the passenger cars segment is projected to account for a market share of 48.3% in 2025 due to their high popularity among commuters.
• North America is estimated to attain a market share of 28.3% in 2025, owing to the upsurge in EV production.  
• Asia Pacific is anticipated to hold a market share of 37.9% in 2025 with rising vehicle production in emerging countries.

Market Attributes	Key Insights
Automotive Fasteners Market Size (2025E)	US$ 24.67 Bn
Projected Market Value (2032F)	US$ 36.85 Bn
Global Market Growth Rate (CAGR 2025 to 2032)	5.9%
Historical Market Growth Rate (CAGR 2019 to 2023)	6.2%

Rising EV Production in North America to Propel Need for Modernized Products

North America is predicted to experience significant growth in the automotive fasteners market, accounting for 28.3% of share in 2025. The region is estimated to record a CAGR of 4.9% from 2025 to 2032. For instance,

• Growth in vehicle production is driven by leading automotive manufacturers like General Motors, Ford, and Tesla, who increased electric vehicle production to over 1.6 million units in 2024, thereby increasing demand for lightweight and specialized fasteners.

Unique technologies, such as smart fasteners with embedded sensors, are transforming the market for electric vehicles (EVs) and autonomous vehicles. Companies like Illinois Tool Works and Stanley Black & Decker are investing in innovations, while government incentives like the U.S. Inflation Reduction Act support domestic manufacturing.

Asia Pacific to See Innovations in Automotive Industry through 2032

Asia Pacific is projected to dominate on the global scale in 2025, holding a market share of 37.9% in 2025. The region is likely to register a CAGR of 4.8% from 2025 to 2032, driven by increasing localization efforts and sustainability initiatives in the automotive sector.

The automotive industry's dominance is due to rapid growth in China, Japan, and India, which collectively account for a significant portion of global vehicle production. For example,

• China's automotive output, which exceeded 26.8 million units in 2024, continues to propel demand for fasteners, with companies like Zhejiang Aozhan Hardware Manufacturing leading in production.
• Government programs like the ‘Make in India’ campaign, which encourage the production of automotive components domestically, support developments of India’s automobile sector.

The need for lightweight and specialized fasteners is increasing due to the region's rapid expansion in electric car production, which is being pushed by BYD and Tata Motors. Regional growth is also being aided by Denso Corporation's latest modular car designs, sophisticated manufacturing processes, and investments in research and development. 

Trend of Vehicle Customization to Foster Demand for Threaded Fasteners

In 2025, the threaded segment is set to lead the global market, accounting for 66.8% of the total share. The popularity of threaded fasteners is due to their versatility and widespread use in critical automotive applications like engine assembly, drivetrain systems, and structural components. Key manufacturers like Bulten AB and Stanley Black & Decker are driving developments in threaded fasteners for the auto industry. For instance,

• In 2024, Stanley introduced high-strength bolts designed specifically for electric vehicle (EV) platforms, addressing the industry’s shift toward lightweight and energy-efficient vehicles.

The worldwide trend toward electric vehicles and greater vehicle personalization is projected to keep the threaded fastener category at the top of the automotive fasteners market.

Rising Sales of Passenger Cars to Propel Developments in Engine Components

The automotive fasteners market is projected to be dominated by the passenger cars category in 2025, with a 48.3% worldwide share. Urbanization, increased demand, and disposable income in emerging nations are likely to be the main drivers of the development.

The need for specialty fasteners has increased due to the automobile industry's move to lightweight materials like steel and aluminum. Governments worldwide are implementing strict regulations on fuel efficiency and emissions, urging automakers to use novel fastening solutions for lightweight construction. For example,

• In order to meet environmental and legal standards, ZF Friedrichshafen AG stated that it will begin developing novel lightweight fasteners for electric and hybrid cars in May 2024.
• Illinois Tool Works Inc. is enhancing passenger car fastening solutions, a market segment set to continue rising due to evolving vehicle designs and global electric vehicle adoption.

Market Introduction and Trend Analysis

Demand for automotive fasteners is rising owing to increasing car production and improvements in assembly technology. The adoption of lightweight materials like aluminum and composites aligns with stringent safety and fuel-efficiency standards. For example,

• Stanley Engineered Fastening introduced aerodynamic fastening solutions in 2024 to enhance fuel efficiency.
• The rise of electric vehicles boosted demand for specialized fasteners, as seen in Tesla's integration of lightweight aluminum fasteners in its Model Y production.
• Smart fasteners embedded with sensors, such as those developed by ITW (Illinois Tool Works), are gaining traction, offering real-time structural monitoring and maintenance alerts.

Modular vehicle designs and customization trends are driving growth of the aftermarket business, which, in turn, is increasing demand for adaptable fastening solutions. The engine is the most common application for automotive fasteners, accounting for 23.4% of the market in 2025.

Regionalization of supply chains in North America and Europe is driving localized production. This is because companies like Bulten AB are focusing on reducing lead times and aligning with sustainable manufacturing practices.

Historical Growth and Course Ahead

The global automotive fasteners market recorded a CAGR of 6.2% in the historical period from 2019 to 2023. The need for lightweight, strong, and high-performing materials in the production of automobiles drove the market's consistent growth in the observed period.

Demand for specialized fasteners for new battery systems, electric drivetrains, and intricate sensor integrations has increased due to the move toward electric vehicles and autonomous driving technologies. Innovations in materials such as composites, aluminum, and high-strength steel have made it possible to produce fasteners for automobiles that are lighter and use less energy.

The industry is anticipated to surge quickly owing to improvements in vehicle design, more stringent safety regulations, as well as increasing popularity of electric and driverless cars. Demand for fastening systems is estimated to record a considerable CAGR of 5.9% during the forecast period between 2025 and 2032.

Market Growth Drivers

Surging Production of Electric Vehicles to Fuel Modernization in Industry  

Increasing production of electric vehicles (EVs) necessitates the use of specialized fastener designs for battery systems and electrical components, ensuring efficient and lightweight security. For example,

• As reported by the International Energy Agency (IEA), in 2024, global EV sales reached over 10 million units, an increase from previous years.
• It prompted manufacturers to innovate in fastener designs for thermal management, insulation, and structural stability in high-voltage environments.

• Leading companies like Bulten AB and Avery Dennison Corporation are focusing on creating fasteners tailored for EV applications.
• Bulten introduced unique aluminum fasteners in June 2024, which can reduce vehicle weight and improve efficiency.
• PennEngineering has developed innovative fastening solutions for EV battery enclosures, enhancing durability and vibration resistance, in line with the rising demand for high-performance fasteners in the EV industry.

Improvements in Materials Science to Augment Demand

Specialized fastening solutions for aluminum, composites, and plastics are becoming immensely popular as the automotive industry moves toward lightweight materials to increase fuel efficiency and lower emissions. For instance,

• Based on the industry analysis, aluminum and composites made key contributions to the US$ 105 Bn worldwide demand for lightweight materials for automotive applications in 2024.

Corrosion resistance, structural integrity, and material compatibility are addressed by specialized fasteners made for certain materials. Companies like Stanley Engineered Fastening, Bulten AB, and PennEngineering have developed innovative solutions for fastening composite materials, aluminum, and lightweight plastic components using self-clinching fasteners. This development in fastening technology is driving innovation and ensuring robust, reliable, and efficient assembly processes in the automotive industry.

Market Restraining Factors

Disruptions in Supply Chain May Hamper the Industry

The automotive fasteners market is grappling with rising raw material costs, supply chain disruptions, and stringent regulations, prompting manufacturers to explore alternative materials and innovative solutions. For instance,

• In April 2024, a 12% rise in raw steel prices impacted manufacturing budgets, prompting companies like Stanley Black & Decker to explore lightweight, cost-effective materials like high-strength plastics and composites.
• Bulten AB announced extended sourcing partnerships in March 2024 to address supply chain disruptions caused by global events like the Russia-Ukraine conflict and post-pandemic recovery challenges.

Companies are embracing sustainable materials and processes due to evolving regulations on carbon footprints and recyclability, highlighting the industry's commitment to innovation and resilience.

Key Market Opportunities

Manufacturers to Benefit from Integrating AI in Production Processes 

The automotive industry is leveraging AI to enhance manufacturing processes, resulting in increased efficiency, accuracy, and cost savings, while minimizing human error and downtime. For instance,

• Tesla's Gigafactories employ AI-powered robotics to streamline electric vehicle production, ensuring consistent quality.
• BMW adopted AI for real-time quality control in March 2024, enhancing predictive maintenance and minimizing unplanned outages by detecting potential machinery issues with precision.

NVIDIA facilitates virtual testing for autonomous cars, and AI is essential for product design and customization. This is because it allows manufacturers to refine designs and replicate real-world applications. For instance,

• AI transforms the production and performance of automobiles, and by 2024, the global automotive market is projected to be worth US$ 6 Bn. It also improves supply chain efficiency and inventory control.

Surging Modification of Vehicles to Present Lucrative Prospects

The customer base for automotive fasteners is developing due to the rising demand for customized vehicle modifications, which call for cutting-edge fastening solutions to accommodate distinctive designs and high-performance requirements.

• In June 2024, ARaymond, a fastening system company, announced its investment in innovative fasteners for custom automotive projects, including quick-assembly systems for lightweight materials.

Specialized fasteners are in high demand in the aftermarket industry for a variety of modifications, including improved interior trims and aerodynamic components.

• Bulten AB introduced eco-friendly fasteners in February 2024, catering to the customization trend and sustainability goals. With over 60% of North America’s vehicle owners opting for modifications in 2024, the custom automotive fasteners market is set to experience sustained growth.

Competitive Landscape for the Automotive Fasteners Market

The automotive fastener industry is seeing technical breakthroughs that improve accuracy, durability, and flexibility. Aluminum and titanium alloys are examples of lightweight fasteners that are becoming increasingly popular because of their low weight. Critical applications such as engines and suspension systems are using high-strength fasteners, such as Grade 10.9 and 12.9 bolts.

Micro-thread screws and self-locking nuts are two innovations that are increasing the safety and efficiency of assembly. Zinc-flake or PTFE-coated fasteners provide improved resistance to corrosion. Pre-assembled fastener systems have become immensely popular due to automated production processes, which lowers assembly costs and time.

Recent Industry Developments

• In December 2024, VOC Automotive opened its Black Pearl VOC outlet in Coimbatore, offering an 18-Point Vehicle Health Checkup at unbeatable prices, aiming to improve the riding experience for customers.
• In June 2024, Sundram Fasteners Ltd secured US$ 463 Th worth of EV orders in India, extending manufacturing capacity, renewable energy, and renewable energy products.
• In May 2024, IperionX and Vegas Fastener Manufacturing partnered to develop titanium alloy fasteners and precision components for the U.S. Army Ground Vehicle Systems Center, focusing on critical sectors like aerospace, naval, oil & gas, and power generation.
• In March 2023, Stemco introduced the Auto-Torq axle fastener, a comprehensive solution for wheel end installation, reducing complexity and enhancing efficiency, while lowering bearing wear for longer service life.

Automotive Fasteners Market Report Scope

Attributes	Details
Forecast Period	2025 to 2032
Historical Data Available for	2019 to 2023
Market Analysis	US$ Billion for Value
Key Regions Covered	North America Europe East Asia South Asia and Oceania Middle East and Africa Latin America
Key Market Segments Covered	Product Application Characteristics Material Type Vehicle Type Region
Key Companies Profiled in the Report	Bulten AB KAMAX  Sundram Fasteners  Stanley Black & Decker  Shanghai Prime Machinery Company SFS Group  Lisi Group  Meidoh Co.  Nipman Fasteners  Piolax  Westfield Fasteners  Fontana Gruppo  Bollhoff  Nedshroef  Nifco Group Boltun Corporation  Chanshu City Standard Parts  Wurth Group  Simmonds Marshall Others
Report Coverage	Market Forecast and Trends Company Share Analysis Competitive Intelligence DROT Analysis Market Dynamics and Challenges Strategic Growth Initiatives
Customization and Pricing	Available upon request

Automotive Fasteners Market Segmentation

By Product      

• Threaded
• Non-threaded 

By Application

• Engine
• Chassis
• Transmission
• Steering
• Front/Rear Axle
• Interior Trim
• Others

By Characteristics

• Removable Fasteners
• Permanent Fasteners
• Semi-permanent Fasteners

By Material Type

• Stainless Steel
• Iron
• Bronze
• Nickel
• Aluminum
• Brass
• Plastic

By Vehicle Type

• Passenger Cars (PCs)
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)

By Region

• North America
• Europe
• East Asia
• South Asia and Oceania
• Latin America
• Middle East and Africa

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