Automotive Fasteners Market Size, Share and Trends 2025 to 2034

Automotive Fasteners Market Size and Forecast 2025 to 2034

The global automotive fasteners market size was calculated at USD 30.20 billion in 2024 and is predicted to reach around USD 46.12 billion by 2034, expanding at a CAGR of 4.33% from 2025 to 2034. The rising consumer demand leading to increased manufacturing of vehicles, expansion of manufacturing facilities, growing use of electronics for safety and entertainment purposes in automobiles and technological advancements in research and development are fuelling the growth of automotive fasteners market.

Automotive Fasteners Market Key Takeways

• Asia Pacific dominated the global market with the largest market share of 38% in 2024.
• North America is projected to expand at the fastest CAGR during the forecast period.
• By product, the threaded segment contributed the highest market share of 67% in 2024.
• By product, the non-threaded segment is expected to grow at a significant CAGR from 2025 to 2034.
• By material, the plastic segment captured the biggest market share in 2024.
• By material, the stainless-steel segments is estimated to be the fastest-growing segment during the forecast period.
• By characteristics, the removable fasteners segment has held the largest market share in 2024.
• By characteristics, The semi-permanent fasteners segment is predicted to grow with CAGR during the forecast period.

Integration of Artificial Intelligence in Automotive Industry

AI integration in automotive fasteners industry can help in transforming manufacturing processes by automating production lines, in predictive maintenance, real-time monitoring, quality control and assurance, for product designing, customization, supply chain optimization and for testing real-world applications thereby enhancing the accuracy, reliability and efficacy with reduced costs contributing to the overall consumer and vehicle safety.

Asia Pacific Automotive Fasteners Market Size and Growth 2025 to 2034

The Asia Pacific automotive fasteners market size was exhibited at USD 11.52 billion in 2024 and is projected to be worth around USD 17.91 billion by 2034, growing at a CAGR of 4.51% from 2025 to 2034.

Asia-Pacific dominated the automotive fasteners market in 2024. The need for vehicles that are safer and more fuel efficient is driving the growth of the automotive fasteners market in the region. In addition, the government regulatory framework for light weight automobiles has resulted in technological developments in the region. China accounted 55% market share of the total global production of automotive fasteners in 2020.

North America is expected to develop at the fastest rate during the forecast period. As the number of vehicles on the road grows, so does the need for replacement parts. Moreover, the presence of major automotive and automobile manufacturers in this region as well as the availability of advanced technology allows automotive fasteners to thrive in this region.

Market Overview

The automotive fasteners market is expected to rise as a result of factors such as increased vehicle production, more usage of electronics in vehicles, and a shift towards lighter vehicles. Furthermore, the key market players are moving away from standard fasteners and toward customized fasteners, which fuel the growth of the automotive fasteners market.

The thriving vehicle industry as well as the critical relevance of fasteners in automobiles is important factors boosting the growth of the automotive fasteners market. Another factor driving the expansion of the automotive fasteners market is technological advancements and developments in fastener durability and quality. The easily changeable nature of automotive fasteners makes it convenient for end users to acquire fasteners for their automobiles, boosting the automotive fasteners market growth. The alternatives to automotive fasteners like as clutching and assembling parts, on the other hand, may slow the growth of the automotive fasteners market.

The mechanical innovations as well as improvements in the quality of fasteners are expected to raise market demand. Furthermore, the growing demand for lighter automobiles and their stability is driving a preference for automotive fasteners over welding, resulting in the growth of the global automotive fasteners market over the forecast period.

Automotive Fasteners Market Growth Factors

• Advancements in manufacturing capabilities with streamlined workflows.
• Active involvement in research and development for producing superior quality fasteners.
• Increased sales and purchase of automotive vehicles especially, electric vehicles across the globe.
• Rising disposable incomes .
• Increased usage of technology in new generation of automobiles.
• Expansion of automotive fasteners manufacturing facilities to improve distribution supply.

Report Scope of the Automotive Fasteners Market

Product Insights

The threaded segment dominated the automotive fasteners market with revenue share of 67% in 2024. The bolts with a head on one end and a nut on the other end are known as threaded automotive fasteners. These fasteners are frequently put into a hole and attached with the help of nuts.

The non-threaded segment is fastest growing segment of the automotive fasteners market in 2024. The non-threaded fasteners lack internal threading to hold it together with other parts. The different ways for securing mechanical components are demonstrated by these fasteners.

Material Insights

The plastic segment dominated the automotive fasteners market in 2024. The plastic fasteners are utilized in applications that need consideration of thermal, optical, environmental, and electrical qualities during the manufacturing process.

The stainless-steel segment, on the other hand, is predicted to develop at the quickest rate in the future years. Depending on the use in the automotive sector, stainless-steel is the most commonly used material for automotive fasteners.

Characteristics Insights

The removable fasteners segment dominated the automotive fasteners market in 2024. The removable automotive fasteners are used to link two parts, but they may be easily detached without causing damage to the fasteners or the part.

The semi-permanent fasteners segment is fastest growing segment of the automotive fasteners market in 2024. The semi-permanent automotive fasteners are meant to attach two parts; however, when the parts are disconnected, the fasteners or the part are frequently damaged.

Automotive Fasteners Market Companies

• Bulten AB
• KAMAX
• Sundram Fasteners
• Stanley Black & Decker
• Shanghai Prime Machinery Company
• SFS Group
• Lisi Group
• The Philips Screw Company
• KOVA Fasteners Private Limited
• Westfield Fasteners Limited

Latest Announcements

• In May 2024, AMK Products Inc., a leading distributor of wholesale and bulk automotive fasteners proudly celebrated its 34th anniversary. Max Kotlowski, Founder of AMK Products said that, “When I started AMK Products 34 years ago, I had a simple goal: to provide the automotive restoration niche with the best fasteners and components available. Today, I am proud to see how far we have come and the impact we have made in the industry. Our success is a testament to the hard work, unrelenting focus on quality and dedication of our entire team.

Recent Developments

• In December 2024, Nedschroef, a company owned by Shanghai Electric declared the commencement of construction of its second automotive fastener factory situated in Tarragona, Spain. This facility will enhance Nedschroef’s capacity for providing advanced fastening solutions across Europe.
• In May 2024, Auto Fasteners Ltd., a global supplier of fasteners and metal engineered components based in UK signed a 10 years lease for taking a 15,000 square feet space at a new industrial scheme which will act as a warehouse, assembly, quality inspection and office space for the company thereby supporting its expansion.

Segments Covered in the Report

By Product

• Threaded
• Nuts Screws
• Rivets
• Studs
• Non-threaded
• Snap Rings
• Clip

By Application

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

By Characteristics

• Removable Fasteners
• Permanent Fasteners
• Semi-permanent Fasteners

By Material

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

By Electric Vehicle Type

• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-in Hybrid Electric Vehicle (PHEV)

By Vehicle Type

• Passenger Car
• Hatchback
• Sedan
• Luxury
• Light Commercial Vehicle
• Heavy Commercial Vehicle

By Distribution

• Automotive OEM
• Aftermarket

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa