Automotive Fastener Market Size, Share, Trends, Growth & Forecast 2034

Automotive Fastener Industry Perspective:

What will be the global automotive fastener market size during the forecast period?

The global automotive fastener market size was worth around USD 25.78 billion in 2024 and is predicted to grow to around USD 46.21 billion by 2034, with a compound annual growth rate (CAGR) of roughly 4.33% between 2025 and 2034.

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Key Insights:

• As per the analysis shared by our research analyst, the global automotive fastener market is estimated to grow annually at a CAGR of around 4.33% over the forecast period (2025-2034)
• In terms of revenue, the global automotive fastener market size was valued at around USD 25.78 billion in 2024 and is projected to reach USD 46.21 billion by 2034.
• The automotive fastener market is projected to grow at a significant rate due to the be driven by the rising government support reported in the automotive sector.
• Based on the product, the threaded segment is growing at a high rate and will continue to dominate the global market, as per industry projections
• Based on the characteristics, the removable fasteners segment is anticipated to command the largest market share
• Based on region, the Asia-Pacific is projected to dominate the global market during the forecast period

Automotive Fastener Market: Overview

Automotive fasteners are essential components of a vehicle. They are used for assembling different parts of a vehicle and ensuring their optimal performance. Automotive fasteners are categorized into different types depending on the materials used for production, intended functions, and overall make-up. However, broadly, automotive fasteners are divided into two forms: plastic and metal. Each variant offers different functionalities and advantages. The most commonly used automotive fasteners include nuts, bolts, and screws. The demand for automotive fasteners is expected to continue growing during the forecast period. The rising production rate of modern automobiles will promote industry expansion.

Additionally, growing applications of lightweight commercial vehicles along with innovation in fastener design & production will aid industry expansion in the coming years. The market players may face growth limitations due to disruptions in the supply chain of raw materials or final goods. Additionally, intense competition and a lack of skilled professionals may further inhibit the industry’s overall growth trends.

Automotive Fastener Market: Dynamics

Growth Drivers

How will increasing government support influence the automotive fastener market growth rate?

The global automotive fastener market is expected to be driven by rising government support reported in the automotive sector. In the last few years, global demand for modern automobiles has increased at an unprecedented rate. The automotive sector is one of the fastest-growing industries worldwide. Affordable government policies have been at the forefront of increasing investments across the global automobile landscape. For instance, in October 2025, reports emerged suggesting that South Africa had signed deals with car companies from India and China to upgrade the region’s semi-knocked-down (SKD) vehicle assembly operations.

In addition, a growing number of economies are offering tax incentives and subsidies to attract domestic and international investment in the automotive sector. In December 2025, Germany and Italy signed a new joint decision to weaken the European Union’s de facto ban on new combustion engine cars from 2035. The plan currently demands allowing highly efficient internal combustion engines powered by low- and zero-emission fuels to be sold after 2035 as well. Such government-backed initiatives in favor of the automotive sector are expected to work in favor of the market.

Restraints

Supply chain disruptions and geopolitical volatility are expected to impact market revenue in the long run

The global automotive fastener market is projected to be restricted due to the supply chain disruptions reported in the industry. Automotive fasteners such as nuts and bolts are made of steel, aluminum, and other supply-chain-dependent raw materials. The changes in availability and pricing of these elements can have a significant impact on the final production value of fasteners used in the automotive sector. In addition to this, changing geopolitical relationships, intensifying trade barriers, and increased taxes on the export and import of critical automotive components will further impact market expansion during the forecast period.

Opportunities

What opportunities will modern vehicles offer to the automotive fastener market?

The global automotive fastener industry is expected to generate growth opportunities due to the rising introduction of new cars in the market. It includes the introduction of electric & hybrid vehicles, self-driving cars, next-generation performance vehicles, and performance automobiles, to name a few. The global automotive sector is evolving rapidly, offering tremendous growth opportunities for companies operating in the automotive fastener segment. Modern vehicles demand innovation in fastener technology, driving improved revenue in industry-based research & development (R&D).

Rising demand for lightweight commercial vehicles will pave new ways for extended growth in the industry

Automotive fastener producers have excellent growth opportunities driven by the growing demand for lightweight commercial vehicles. These automobile solutions are designed to keep up with the growing demand in the thriving logistics and e-commerce industries. Moreover, lightweight vehicles are more compliant with regulatory emission standards across the globe. They also deliver higher fuel efficiency and are a preferred option in the transportation sector as compared to other variants. The accelerated demand for lighter, commercial-grade automobiles is likely to open new expansion possibilities for the industry players.

Challenges

How will low-quality products challenge the expansion of the automotive fastener market?

The global automotive fastener market is projected to be challenged by the growing sales of low-quality or counterfeit products in the industry. These items are made of poor-grade raw materials and lack precision manufacturing. In addition, the use of ineffective automotive fasteners poses a safety risk to the environment and passengers. The unregulated sale of counterfeit products leads to diminished revenue for the industry players.

Automotive Fastener Market: Report Scope

Automotive Fastener Market: Segmentation

The global automotive fastener market is segmented based on product, application, characteristics, material, vehicle type, distribution channel, and region.

Why will the threaded segment lead the automotive fastener market?

Based on product, the global market segments are non-threaded and threaded. In 2024, the highest growth was listed in the threaded segment due to widespread adoption of the product across the automotive landscape. They are used in chassis & suspension systems, engine & transmission solutions, and interior components of a vehicle. The threaded segment will continue to witness high revenue during the forecast period

Based on application, the global industry is divided into chassis engine, steering, transmission, interior trim, front/rear axle, wiring harness, and others.

Why will the removable fasteners segment emerge as dominant in the automotive fastener industry?

Based on characteristics, the global automotive fastener market is segmented into semi-permanent fasteners, permanent fasteners, and removable fasteners. According to industry research, the removable fasteners segment was the highest revenue generator in 2024. The rising demand for removable fasteners in the aftermarket services and among OEMs is helping the segment deliver unprecedented revenue.

Based on material, the global industry is fragmented into nickel, iron, stainless steel, plastic, brass, bronze, and others.

What position will the passenger car segment hold in the automotive fastener market?

Based on vehicle type, the global market is divided into heavy commercial vehicles, light commercial vehicles, and passenger cars. In 2024, the highest CAGR was observed in the passenger car segment due to the high production volumes of affordable cars. Additionally, the growing use of modern fastening components to improve vehicle safety has further helped sustain the segment's growth.

Based on distribution channel, the global market is fragmented into aftermarket and automotive original equipment manufacturers (OEM).

Automotive Fastener Market: Regional Analysis

Why will Asia-Pacific continue to dominate the automotive fastener market during the projection period?

The global automotive fastener market is projected to be led by Asia-Pacific during the forecast period. It is anticipated to deliver a CAGR of more than 5% in the coming years. In recent years, the Asia-Pacific region has seen increasing investment in its automotive production sector, with several car companies developing assembly plants in countries such as India and China. In December 2025, EP Manufacturing Berhad, a Malaysian automotive parts manufacturer, announced it had secured a deal to assemble G6 and X9 electric vehicle models for Chinese automaker Xpeng. The assembly of the vehicles will take place at the facility located in Malacca state.

What share of revenue will North America hold in the automotive fastener industry?

North America is set to emerge as the second-highest revenue generator with a CAGR of 3.51% during the projection period. The growing number of vehicle users across North America, the increasing demand for pre-owned cars, the expansion of fleet vehicles, and strict automobile safety standards are primary reasons for the improved regional demand. Additionally, growing use of smart technologies for faster production and surging demand for electric & self-driving cars will fuel higher innovation in the region.

Automotive Fastener Market: Competitive Analysis

The global automotive fastener market is led by players like:

• Stanley Engineered Fastening
• Sundram Fasteners
• ITW Automotive
• SFS Group
• Bosch Rexroth
• PennEngineering
• Boltun Corporation
• Fontana Gruppo
• Aoyama Seisakusho
• Bulten
• MeiraGTx
• LISI Automotive
• Norma Group
• KAMAX
• Nifco

Automotive Fastener Market: Key Market Trends

Increased demand for lightweight but high-strength materials

A significant shift in the automotive fastener industry has been observed, driven by growing demand for lightweight materials with higher strength. These materials, such as engineered plastics, can improve fuel efficiency and deliver higher occupant safety. They also offer improved resistance to supply chain disruptions.

Expansion into new markets

The companies operating in the automotive fastener sector are increasingly working on global expansion. They are focusing on penetrating emerging markets such as Latin America, Africa, and Asia-Pacific to ensure safety against changing geopolitical ties with mature markets.

The global automotive fastener market is segmented as follows:

By Product

• Non-Threaded
• Threaded

By Application

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

By Characteristics

• Semi-Permanent Fasteners
• Permanent Fasteners
• Removable Fasteners

By Material

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

By Vehicle Type

• Heavy Commercial Vehicle
• Light Commercial Vehicle
• Passenger Car

By Distribution Channel

• Aftermarket
• Automotive Original Equipment Manufacturers (OEM)

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa