Product Code: ETC13243219 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Automotive Fastener Market was valued at USD 24.6 Billion in 2024 and is expected to reach USD 39.3 Billion by 2031, growing at a compound annual growth rate of 13.10% during the forecast period (2025-2031).
The Global Automotive Fastener Market is witnessing steady growth driven by the increasing production and sales of vehicles worldwide. Automotive fasteners are essential components used in vehicle assembly, providing structural integrity and durability. Factors such as technological advancements in fastener materials, the rise in electric vehicle production, and the focus on lightweight materials to improve fuel efficiency are contributing to market expansion. Additionally, the growing aftermarket for automotive fasteners is bolstering market growth. Key players in the global automotive fastener market include Arconic, Bulten AB, Illinois Tool Works Inc., LISI Group, and Stanley Black & Decker, among others. The market is characterized by intense competition, innovation, and a strong focus on product quality and performance to meet the evolving demands of the automotive industry.
The Global Automotive Fastener Market is experiencing a shift towards lightweight and high-strength fasteners to meet the growing demand for fuel-efficient vehicles. Increasing production of electric vehicles is also driving the market, as these vehicles require specialized fasteners for their unique components. Additionally, the trend towards vehicle customization and personalization is creating opportunities for fastener manufacturers to offer a wide range of designs and finishes. With the automotive industry focusing on sustainability, there is a rising demand for environmentally-friendly fasteners made from recycled materials. Furthermore, the adoption of advanced technologies such as additive manufacturing is revolutionizing the production of fasteners, offering cost-effective and efficient solutions. Overall, the Global Automotive Fastener Market is poised for growth driven by innovation, sustainability, and technological advancements.
The Global Automotive Fastener Market faces challenges such as intense competition among market players leading to price pressures, fluctuating raw material prices impacting profit margins, and the need for continuous innovation to meet the evolving demand for lightweight and high-strength fasteners. Additionally, the complexity of supply chains and the requirement for adherence to stringent quality standards further add to the challenges faced by automotive fastener manufacturers. Moreover, the shift towards electric vehicles and the integration of advanced technologies in automotive manufacturing processes introduce new challenges related to the development of specialized fasteners to meet the specific requirements of these vehicles. Overall, staying competitive in the Global Automotive Fastener Market necessitates a proactive approach towards addressing these challenges through strategic planning and innovation.
The Global Automotive Fastener Market is primarily driven by the increasing production and sales of vehicles worldwide. With the growing demand for passenger cars, commercial vehicles, and electric vehicles, there is a corresponding need for fasteners to assemble various components within these vehicles. Additionally, stringent regulations related to vehicle safety and emissions have led to the development of lightweight materials in automotive manufacturing, thereby increasing the demand for specialized fasteners. The emphasis on fuel efficiency and reducing vehicle weight also plays a significant role in driving innovation in fastener technology. Furthermore, the trend towards electric and autonomous vehicles is expected to further boost the market for automotive fasteners as these vehicles require unique fastening solutions to accommodate their specific design requirements.
Government policies concerning the Global Automotive Fastener Market primarily focus on regulations related to product safety, quality standards, and environmental sustainability. These policies often require manufacturers to adhere to specific guidelines for material sourcing, production processes, and waste management to ensure the safety and reliability of fasteners used in automobiles. Additionally, government initiatives promoting the use of eco-friendly materials and energy-efficient manufacturing practices are influencing the market landscape. Regulations addressing trade practices, import/export tariffs, and intellectual property rights also impact the automotive fastener market, shaping competition and market dynamics. Overall, government policies play a crucial role in shaping the automotive fastener market by ensuring compliance with industry standards, promoting innovation, and fostering sustainable practices within the sector.
The Global Automotive Fastener Market is poised for steady growth in the coming years due to increasing vehicle production, technological advancements, and the growing demand for lightweight materials in automotive manufacturing. The market is expected to benefit from the rising trend of electric vehicles and the need for fasteners that can withstand harsh environmental conditions and ensure safety. Additionally, the focus on sustainability and energy efficiency in the automotive industry is likely to drive the demand for innovative fastening solutions. With key players investing in research and development to enhance product performance and durability, the automotive fastener market is projected to expand significantly, catering to the evolving needs of the automotive sector globally.
In the Global Automotive Fastener Market, Asia is expected to dominate in terms of market share due to the presence of major automotive manufacturing hubs in countries like China, Japan, and South Korea. North America is anticipated to showcase steady growth driven by technological advancements and the presence of key automotive players. Europe is projected to witness significant demand for automotive fasteners owing to the strong automotive industry in countries like Germany and France. In the Middle East and Africa region, the market is expected to grow steadily due to increasing investments in the automotive sector. Latin America is likely to experience moderate growth with the rising demand for automobiles in countries like Brazil and Mexico. Overall, the global automotive fastener market is poised for growth across all regions with varying degrees of opportunities and challenges.
Global Automotive Fastener Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Automotive Fastener Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Automotive Fastener Market Revenues & Volume, 2021 & 2031F |
3.3 Global Automotive Fastener Market - Industry Life Cycle |
3.4 Global Automotive Fastener Market - Porter's Five Forces |
3.5 Global Automotive Fastener Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Automotive Fastener Market Revenues & Volume Share, By Fastener Type, 2021 & 2031F |
3.7 Global Automotive Fastener Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.8 Global Automotive Fastener Market Revenues & Volume Share, By Vehicle Propulsion Type, 2021 & 2031F |
3.9 Global Automotive Fastener Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.10 Global Automotive Fastener Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
4 Global Automotive Fastener Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Automotive Fastener Market Trends |
6 Global Automotive Fastener Market, 2021 - 2031 |
6.1 Global Automotive Fastener Market, Revenues & Volume, By Fastener Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Automotive Fastener Market, Revenues & Volume, By Threaded, 2021 - 2031 |
6.1.3 Global Automotive Fastener Market, Revenues & Volume, By Non-Threaded, 2021 - 2031 |
6.2 Global Automotive Fastener Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Automotive Fastener Market, Revenues & Volume, By Passenger Cars, 2021 - 2031 |
6.2.3 Global Automotive Fastener Market, Revenues & Volume, By Commercial Vehicles, 2021 - 2031 |
6.3 Global Automotive Fastener Market, Revenues & Volume, By Vehicle Propulsion Type, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Automotive Fastener Market, Revenues & Volume, By IC Engine Vehicles, 2021 - 2031 |
6.3.3 Global Automotive Fastener Market, Revenues & Volume, By Electric Vehicles, 2021 - 2031 |
6.4 Global Automotive Fastener Market, Revenues & Volume, By Function, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Automotive Fastener Market, Revenues & Volume, By Detachable, 2021 - 2031 |
6.4.3 Global Automotive Fastener Market, Revenues & Volume, By Non-Detachable, 2021 - 2031 |
6.5 Global Automotive Fastener Market, Revenues & Volume, By Material Type, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Automotive Fastener Market, Revenues & Volume, By Iron, 2021 - 2031 |
6.5.3 Global Automotive Fastener Market, Revenues & Volume, By Steel, 2021 - 2031 |
6.5.4 Global Automotive Fastener Market, Revenues & Volume, By Aluminum, 2021 - 2031 |
6.5.5 Global Automotive Fastener Market, Revenues & Volume, By Brass, 2021 - 2031 |
6.5.6 Global Automotive Fastener Market, Revenues & Volume, By Plastic, 2021 - 2031 |
7 North America Automotive Fastener Market, Overview & Analysis |
7.1 North America Automotive Fastener Market Revenues & Volume, 2021 - 2031 |
7.2 North America Automotive Fastener Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Automotive Fastener Market, Revenues & Volume, By Fastener Type, 2021 - 2031 |
7.4 North America Automotive Fastener Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
7.5 North America Automotive Fastener Market, Revenues & Volume, By Vehicle Propulsion Type, 2021 - 2031 |
7.6 North America Automotive Fastener Market, Revenues & Volume, By Function, 2021 - 2031 |
7.7 North America Automotive Fastener Market, Revenues & Volume, By Material Type, 2021 - 2031 |
8 Latin America (LATAM) Automotive Fastener Market, Overview & Analysis |
8.1 Latin America (LATAM) Automotive Fastener Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Automotive Fastener Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Automotive Fastener Market, Revenues & Volume, By Fastener Type, 2021 - 2031 |
8.4 Latin America (LATAM) Automotive Fastener Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
8.5 Latin America (LATAM) Automotive Fastener Market, Revenues & Volume, By Vehicle Propulsion Type, 2021 - 2031 |
8.6 Latin America (LATAM) Automotive Fastener Market, Revenues & Volume, By Function, 2021 - 2031 |
8.7 Latin America (LATAM) Automotive Fastener Market, Revenues & Volume, By Material Type, 2021 - 2031 |
9 Asia Automotive Fastener Market, Overview & Analysis |
9.1 Asia Automotive Fastener Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Automotive Fastener Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Automotive Fastener Market, Revenues & Volume, By Fastener Type, 2021 - 2031 |
9.4 Asia Automotive Fastener Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
9.5 Asia Automotive Fastener Market, Revenues & Volume, By Vehicle Propulsion Type, 2021 - 2031 |
9.6 Asia Automotive Fastener Market, Revenues & Volume, By Function, 2021 - 2031 |
9.7 Asia Automotive Fastener Market, Revenues & Volume, By Material Type, 2021 - 2031 |
10 Africa Automotive Fastener Market, Overview & Analysis |
10.1 Africa Automotive Fastener Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Automotive Fastener Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Automotive Fastener Market, Revenues & Volume, By Fastener Type, 2021 - 2031 |
10.4 Africa Automotive Fastener Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
10.5 Africa Automotive Fastener Market, Revenues & Volume, By Vehicle Propulsion Type, 2021 - 2031 |
10.6 Africa Automotive Fastener Market, Revenues & Volume, By Function, 2021 - 2031 |
10.7 Africa Automotive Fastener Market, Revenues & Volume, By Material Type, 2021 - 2031 |
11 Europe Automotive Fastener Market, Overview & Analysis |
11.1 Europe Automotive Fastener Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Automotive Fastener Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Automotive Fastener Market, Revenues & Volume, By Fastener Type, 2021 - 2031 |
11.4 Europe Automotive Fastener Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
11.5 Europe Automotive Fastener Market, Revenues & Volume, By Vehicle Propulsion Type, 2021 - 2031 |
11.6 Europe Automotive Fastener Market, Revenues & Volume, By Function, 2021 - 2031 |
11.7 Europe Automotive Fastener Market, Revenues & Volume, By Material Type, 2021 - 2031 |
12 Middle East Automotive Fastener Market, Overview & Analysis |
12.1 Middle East Automotive Fastener Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Automotive Fastener Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Automotive Fastener Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Automotive Fastener Market, Revenues & Volume, By Fastener Type, 2021 - 2031 |
12.4 Middle East Automotive Fastener Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
12.5 Middle East Automotive Fastener Market, Revenues & Volume, By Vehicle Propulsion Type, 2021 - 2031 |
12.6 Middle East Automotive Fastener Market, Revenues & Volume, By Function, 2021 - 2031 |
12.7 Middle East Automotive Fastener Market, Revenues & Volume, By Material Type, 2021 - 2031 |
13 Global Automotive Fastener Market Key Performance Indicators |
14 Global Automotive Fastener Market - Export/Import By Countries Assessment |
15 Global Automotive Fastener Market - Opportunity Assessment |
15.1 Global Automotive Fastener Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Automotive Fastener Market Opportunity Assessment, By Fastener Type, 2021 & 2031F |
15.3 Global Automotive Fastener Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
15.4 Global Automotive Fastener Market Opportunity Assessment, By Vehicle Propulsion Type, 2021 & 2031F |
15.5 Global Automotive Fastener Market Opportunity Assessment, By Function, 2021 & 2031F |
15.6 Global Automotive Fastener Market Opportunity Assessment, By Material Type, 2021 & 2031F |
16 Global Automotive Fastener Market - Competitive Landscape |
16.1 Global Automotive Fastener Market Revenue Share, By Companies, 2024 |
16.2 Global Automotive Fastener Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |