Automotive Fasteners Market Growth Analysis, Scope And Key Trends 2025 To 2034


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What Is the Forecast Market Size and Growth Rate of the Automotive Fasteners Market by Region?
The automotive fasteners market size has grown marginally in recent years. It will grow from $28.23 billion in 2024 to $28.55 billion in 2025 at a compound annual growth rate (CAGR) of 1.1%. The growth in the historic period can be attributed to increased automobiles production, increased demand for commercial vehicles, and strong economic growth in emerging markets.

The automotive fasteners market size is expected to see steady growth in the next few years. It will grow to $31.17 billion in 2029 at a compound annual growth rate (CAGR) of 2.2%. The growth in the forecast period can be attributed to increasing demand for electric vehicles and supportive government regulations. Major trends in the forecast period include launching self-clinching fasteners, developing new technological solutions, launching lightweight carbon fiber fasteners, launching new, innovative products, and undergoing partnerships and collaborations.

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Which Factors Are Driving Growth in the Automotive Fasteners Market?
The increasing demand for electric vehicles is expected to propel the growth of the automotive fasteners market going forward. Electric vehicles refer to vehicles that have been either partially or fully powered by electricity. EV general infrastructure equipment and battery casings require high-quality fastenings to provide security settings. For instance, in April 2024, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, nearly 14 million new electric cars were registered globally in 2023. Electric car sales in 2023 rose by 3.5 million units compared to 2022, reflecting a 35% year-on-year growth. Therefore, the rise of electric vehicles will drive the growth of the automotive fasteners market.

Which Are the Leading Segments in the Automotive Fasteners Market by Revenue?
The automotive fastenersmarket covered in this report is segmented –

1) By Product: Threaded, Non-Threaded
2) By Material Type: Iron, Steel, Aluminium, Brass, Plastic, Other Material Types
3) By Propulsion: IC (Internal Combustion) Engine Vehicles, Electric Vehicles, Hybrid And Alternative Fuel Vehicles
4) By Application: Engine, Chassis, Transmission, Steering, Front Or Rear Axle, Interior Trim, Other Applications

Subsegments:
1) By Threaded: Bolts, Nuts, Screws, Studs
2) By Non-Threaded: Washers, Rivets, Clips, Pins

What Are the Notable Trends in the Automotive Fasteners Market by Product, Application, and Region?
Companies in the market are focusing on launching new, innovative products to improve their product offerings and to stay competitive in the market. For instance, in July 2022, Henkel, a Germany-based chemical and consumer goods company, introduced a new product, Loctite DRI 2250-W, a medium to high-strength pre-applied thread locker for high-speed, sustainable automotive applications. The product offers high-speed throughput, high-temperature resistance, and sustainability advantages of a water-based material.

Who Are the Industry Leaders in the Automotive Fasteners Market?
Major companies operating in the automotive fasteners market include Illinois Tool Works Inc, KAMAX Holding GmbH & Co. KG, Lisi S.A., Stanley Black & Decker, Bulten AB, Nifco Inc, PennEngineering, Sundram Fasteners Limited, The SFS Group AG, Agrati, KOVA Fasteners Pvt. Ltd., Deepak Fasteners Limited (DFL), TorqBolt Inc., Jyoti Engineering (Jyoti), Boltport Fasteners (BPF), Kaloti Group of Companies, Ananka Fasteners Manufacturers, Caliber Enterprises (India), Yijin Hardware Co., Ltd, Shanghai Jianxin Hardware Co., Ltd, Jiaxing Qimu Trading Co., Ltd., Handan Zhongpin Fasteners Manufacturing Co., Ltd, Tianjin Fine Fasteners Co., Ltd, Tucker GmbH, Keller & Kalmbach GmbH, GWR Fasteners Limited, Kebrell Nuts & Bolts Ltd, FASTENEX, S.L., Rivit s.r.l., Bontempi Vibo, TR VIC Italy, Fiera srl, Zavod Signal, Ideal-Plast LLC, LitPromGarant –NN LLC, Proftruba LLC, Coba Automotive Rus LLC, Spring Alians LLC, Ural Spring Plant, Nedschroef, Zwick Roell Group, Belenus of Brazil S / A, METALAC, Fastener SRL, BULONERA BAF SRL, AI-Rashed Fasteners, Prince Fasteners Manufacturing Co Ltd, Petrofast Middle East FZC, Asia Bolts Industries LLC, EJOT Middle East, TripleFast Middle East, Kuban Karare, Phillips screw company, Westfield Fasteners Limited

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What Are the Regional Opportunities for Investment in the Automotive Fasteners Market?
Asia-Pacific was the largest region in the automotive fasteners market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive fasteners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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