Automotive Fasteners Market Size | Trends, Growth & Industry Outlook 2025

Q: What is the overall size of the automotive fasteners market?

The automotive fasteners market is projected to reach USD 36.7 billion by 2031.

Q: Which materials are most commonly used in automotive fasteners?

Steel, aluminum, plastic, and composite materials are widely used based on application and vehicle type.

Q: What are the main applications of automotive fasteners?

They are used in engine components, chassis, interior trim, powertrain, and electrical systems assembly.

Q: What is the CAGR of the automotive fasteners market during the forecast period?

The automotive fasteners market is expected to grow at a CAGR of 5.5% during coming years.

Q: How is electrification impacting the fasteners market?

Electrification is increasing the demand for insulated, vibration-resistant, and lightweight fasteners tailored for EV platforms.

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Code: MTA5221

Publication Date: Jul 2025

How big is the automotive fasteners market?

According to 6Wresearch internal database and industry insights, Global automotive fasteners market was valued at approximately USD 25.2 billion in 2024 and is projected to reach USD 36.7 billion by 2031.

The market is expected to grow at a CAGR of 5.5% during the forecast period. This growth is driven by rising vehicle production, the growing complexity of automotive components, and increased demand for lightweight and high-performance fasteners in electric and hybrid vehicles.

Key Growth Factors of the Automotive Fasteners Market

Increasing automobile manufacturing in Latin America and Asia-Pacific
Growing need for lightweight materials in the construction of vehicles
Vehicle safety and structural integrity are receiving more attention.
Advances in fastener materials and surface coatings
OEM switch to modular platforms and precision-engineered assemblies
Growth in hybrid and electric cars necessitates the use of specific fasteners.

Automotive Fasteners Market Trends

The market is witnessing a shift toward plastic and composite fasteners to reduce vehicle weight. Demand for customized and application-specific fasteners is on the rise, particularly for EVs and luxury cars. Automated fastening systems are being adopted for improved productivity in assembly lines. Additionally, corrosion-resistant and reusable fasteners are gaining popularity in aftermarket servicing.

Emerging Developments in the Automotive Fasteners Market

Smart fasteners with embedded sensors for torque and stress monitoring are under development. Bi-metallic fasteners for improved durability in high-stress areas are gaining traction. There is a focus on developing fasteners compatible with lightweight body panels and thermoplastics. AI and robotics are increasingly being integrated into fastening process automation in high-volume manufacturing plants.