Automotive Fastener Market Size, Share, Trends, Growth Outlook

Automotive Fastener Market is estimated to increase at a growth rate of 3.9% CAGR over the forecast period from 2024 to 2030.

The global Automotive Fastener Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Fastener (Threaded, Non-Threaded), By Function (Detachable, Non-Detachable), By Material (Iron, Steel, Aluminum, Brass, Plastic), By Vehicle (Commercial Vehicles, Passenger Cars), By Propulsion (IC Engine Vehicles, Electric Vehicles).

An Introduction to Global Automotive Fastener Market, 2024

The automotive fastener market is experiencing notable growth in 2024, driven by the demand for reliable, high-performance fastening solutions in vehicle manufacturing, assembly, and aftermarket repair applications. Fasteners are essential components used to join, secure, and hold various parts and components together in automotive vehicles, ensuring structural integrity, safety, and functionality. With the increasing complexity of vehicle designs, lightweight materials, and advanced manufacturing processes, automotive manufacturers and suppliers are relying on fasteners to provide strong, durable connections that withstand the stresses and demands of everyday driving conditions. Moreover, advancements in fastener materials, coatings, and designs are enhancing corrosion resistance, vibration resistance, and ease of installation, while meeting stringent quality and safety standards set by the automotive industry. As vehicle manufacturers strive to improve assembly efficiency, reduce production costs, and enhance vehicle performance, the automotive fastener market continues to innovate, offering a wide range of fastening solutions that meet the evolving needs and challenges of the automotive industry.

Automotive Fastener Competitive Landscape

The global Automotive Fastener market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Automotive Fastener Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Automotive Fastener Market Industry include- Bossard Group, Bulten AB, Illinois Tool Works Inc, Indiana Automotive Fasteners Inc, Jiangsu Xing Chang Jiang International Co. Ltd, KAMAX Holding GmbH & Co. KG, KOVA Fasteners Private Ltd, LISI Group, Nifco Inc, Shanghai Tianbao Fastener Manufacturing Company Ltd, Stanley Black & Decker Inc, The Phillips Screw Company, The SFS Group AG, Westfield Fasteners Ltd.

Automotive Fastener Market Trend: Increasing Demand for Lightweight and High-Strength Materials

A prominent trend in the Automotive Fastener Market is the increasing demand for lightweight and high-strength materials in vehicle manufacturing. As automotive OEMs strive to improve fuel efficiency and reduce vehicle weight, there is a growing preference for materials such as aluminum, magnesium, and advanced composites in vehicle construction. These lightweight materials offer benefits such as improved fuel economy, enhanced performance, and reduced emissions. Consequently, there is a corresponding demand for fasteners capable of securely joining these materials while maintaining structural integrity and reliability. Manufacturers in the Automotive Fastener Market are responding to this trend by developing innovative fastening solutions specifically designed for lightweight materials, including specialized rivets, adhesives, and advanced joining techniques, driving market growth and innovation.

Automotive Fastener Market Driver: Expansion of Electric and Hybrid Vehicle Production

A key driver propelling the Automotive Fastener Market is the expansion of electric and hybrid vehicle production. With the global automotive industry transitioning towards electrification to reduce emissions and comply with regulatory standards, there is a significant increase in the production of electric vehicles (EVs) and hybrid vehicles. These vehicles incorporate unique components and assemblies, including battery packs, electric motors, and power electronics, which require specialized fasteners to ensure proper assembly and performance. Additionally, the higher torque and vibration levels associated with electric powertrains necessitate fasteners capable of withstanding greater stress and fatigue. As the demand for electric and hybrid vehicles continues to grow, the Automotive Fastener Market is experiencing increased demand for specialized fasteners tailored to the unique requirements of electrified vehicles, driving market expansion and opportunity.

Automotive Fastener Market Opportunity: Development of Smart and Connected Fastening Solutions

An opportunity within the Automotive Fastener Market lies in the development of smart and connected fastening solutions. With the advent of Industry 4.0 and the Internet of Things (IoT) technologies, there is potential to integrate sensors, RFID tags, and wireless connectivity into fasteners to enable real-time monitoring and control of assembly processes. Smart fastening solutions can provide valuable data on torque, tension, and assembly status, allowing manufacturers to ensure proper fastener installation, detect assembly errors, and optimize production efficiency. Additionally, connected fasteners can facilitate predictive maintenance and condition monitoring, alerting operators to potential fastener failures or degradation before they occur. By investing in the development of smart and connected fastening solutions, manufacturers can offer innovative solutions that improve assembly quality, reduce downtime, and enhance overall vehicle reliability, creating new opportunities for growth and market differentiation in the Automotive Fastener Market.

Automotive Fastener Market Segmentation

By Fastener
Threaded
Non-Threaded
By Function
Detachable
Non-Detachable
By Material
Iron
Steel
Aluminum
Brass
Plastic
By Vehicle
Commercial Vehicles
Passenger Cars
By Propulsion
IC Engine Vehicles
Electric VehiclesGeographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Automotive Fastener Companies

Bossard Group
Bulten AB
Illinois Tool Works Inc
Indiana Automotive Fasteners Inc
Jiangsu Xing Chang Jiang International Co. Ltd
KAMAX Holding GmbH & Co. KG
KOVA Fasteners Private Ltd
LISI Group
Nifco Inc
Shanghai Tianbao Fastener Manufacturing Company Ltd
Stanley Black & Decker Inc
The Phillips Screw Company
The SFS Group AG
Westfield Fasteners Ltd
*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Automotive Fastener Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Automotive Fastener Market Size Outlook, $ Million, 2021 to 2030
3.2 Automotive Fastener Market Outlook by Type, $ Million, 2021 to 2030
3.3 Automotive Fastener Market Outlook by Product, $ Million, 2021 to 2030
3.4 Automotive Fastener Market Outlook by Application, $ Million, 2021 to 2030
3.5 Automotive Fastener Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Automotive Fastener Industry
4.2 Key Market Trends in Automotive Fastener Industry
4.3 Potential Opportunities in Automotive Fastener Industry
4.4 Key Challenges in Automotive Fastener Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Automotive Fastener Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Automotive Fastener Market Outlook by Segments
7.1 Automotive Fastener Market Outlook by Segments, $ Million, 2021- 2030
By Fastener
Threaded
Non-Threaded
By Function
Detachable
Non-Detachable
By Material
Iron
Steel
Aluminum
Brass
Plastic
By Vehicle
Commercial Vehicles
Passenger Cars
By Propulsion
IC Engine Vehicles
Electric Vehicles

8 North America Automotive Fastener Market Analysis and Outlook To 2030
8.1 Introduction to North America Automotive Fastener Markets in 2024
8.2 North America Automotive Fastener Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Automotive Fastener Market size Outlook by Segments, 2021-2030
By Fastener
Threaded
Non-Threaded
By Function
Detachable
Non-Detachable
By Material
Iron
Steel
Aluminum
Brass
Plastic
By Vehicle
Commercial Vehicles
Passenger Cars
By Propulsion
IC Engine Vehicles
Electric Vehicles

9 Europe Automotive Fastener Market Analysis and Outlook To 2030
9.1 Introduction to Europe Automotive Fastener Markets in 2024
9.2 Europe Automotive Fastener Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Automotive Fastener Market Size Outlook by Segments, 2021-2030
By Fastener
Threaded
Non-Threaded
By Function
Detachable
Non-Detachable
By Material
Iron
Steel
Aluminum
Brass
Plastic
By Vehicle
Commercial Vehicles
Passenger Cars
By Propulsion
IC Engine Vehicles
Electric Vehicles

10 Asia Pacific Automotive Fastener Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Automotive Fastener Markets in 2024
10.2 Asia Pacific Automotive Fastener Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Automotive Fastener Market size Outlook by Segments, 2021-2030
By Fastener
Threaded
Non-Threaded
By Function
Detachable
Non-Detachable
By Material
Iron
Steel
Aluminum
Brass
Plastic
By Vehicle
Commercial Vehicles
Passenger Cars
By Propulsion
IC Engine Vehicles
Electric Vehicles

11 South America Automotive Fastener Market Analysis and Outlook To 2030
11.1 Introduction to South America Automotive Fastener Markets in 2024
11.2 South America Automotive Fastener Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Automotive Fastener Market size Outlook by Segments, 2021-2030
By Fastener
Threaded
Non-Threaded
By Function
Detachable
Non-Detachable
By Material
Iron
Steel
Aluminum
Brass
Plastic
By Vehicle
Commercial Vehicles
Passenger Cars
By Propulsion
IC Engine Vehicles
Electric Vehicles

12 Middle East and Africa Automotive Fastener Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Automotive Fastener Markets in 2024
12.2 Middle East and Africa Automotive Fastener Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Automotive Fastener Market size Outlook by Segments, 2021-2030
By Fastener
Threaded
Non-Threaded
By Function
Detachable
Non-Detachable
By Material
Iron
Steel
Aluminum
Brass
Plastic
By Vehicle
Commercial Vehicles
Passenger Cars
By Propulsion
IC Engine Vehicles
Electric Vehicles

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Bossard Group
Bulten AB
Illinois Tool Works Inc
Indiana Automotive Fasteners Inc
Jiangsu Xing Chang Jiang International Co. Ltd
KAMAX Holding GmbH & Co. KG
KOVA Fasteners Private Ltd
LISI Group
Nifco Inc
Shanghai Tianbao Fastener Manufacturing Company Ltd
Stanley Black & Decker Inc
The Phillips Screw Company
The SFS Group AG
Westfield Fasteners Ltd

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Fastener
Threaded
Non-Threaded
By Function
Detachable
Non-Detachable
By Material
Iron
Steel
Aluminum
Brass
Plastic
By Vehicle
Commercial Vehicles
Passenger Cars
By Propulsion
IC Engine Vehicles
Electric Vehicles