Summary

Automotive Fasteners Market Summary

The global automotive fasteners market size was estimated at USD 21.61 billion in 2024 and is projected to reach USD 35.73 billion by 2033, growing at a CAGR of 5.8% from 2025 to 2033. The automotive fasteners industry is gaining momentum, driven by increasing electric vehicle (EV) production and the growing use of plastics and composites in vehicle interiors and electrical systems.

Expanding vehicle production in Asia Pacific and re-shoring trends in North America are further supporting demand. The rising adoption of modular vehicle architectures is also contributing to the increased need for advanced fastening solutions. The development of smart and self-locking fasteners tailored for autonomous and connected vehicles presents significant opportunities for manufacturers to innovate and differentiate. However, maintaining fastening integrity in multi-material vehicle designs remains a key challenge due to varying thermal and mechanical properties.

According to the India Brand Equity Foundation, the Indian EV battery market is projected to grow from USD 16.77 billion in 2023 to USD 27.70 billion by 2028, underscoring the scale of electrification in the country. India has outlined aggressive EV adoption targets by 2030, including 30% penetration in private cars and up to 80% in two-wheelers and three-wheelers. This shift is being accelerated by the 'Make in India' initiative, which promotes full-scale domestic EV production.

As OEMs worldwide prepare to launch a diverse range of EV models in 2025, the automotive fasteners segment is expected to witness rising demand for application-specific solutions. EVs require more fasteners per vehicle due to modular battery packs, thermal management systems, and high-voltage wiring assemblies. Moreover, the push for lightweighting to offset battery weight is increasing the adoption of advanced materials such as aluminum and composites, driving demand for compatible fasteners with enhanced corrosion resistance, mechanical integrity, and electrical insulation properties.

As automakers shift toward lightweight, durable, and aesthetically versatile materials to improve fuel efficiency and design flexibility, traditional metal fasteners are often unsuitable. This has led to the growing adoption of engineered fasteners designed specifically for plastic and composite assemblies, offering controlled installation torque, thermal expansion compatibility, and vibration resistance. For instance, interior components such as instrument panels, center consoles, and seat structures are now predominantly built using glass fiber-reinforced plastics (GFRP) and polymer blends, requiring fasteners that prevent cracking or loosening under thermal cycling. Similarly, electronic housings and connectors demand non-conductive, high-precision fastening to ensure reliability and safety.

In APAC, countries including China, India, and Southeast Asian nations are experiencing robust growth in automotive manufacturing due to rising domestic demand, supportive government policies, and expanding EV infrastructure. For example, India’s vehicle production exceeded 26 million units in FY2023-24, supported by investments from global OEMs and component suppliers. Meanwhile, North America is witnessing a strong re-shoring movement, with automakers and Tier-1 suppliers expanding local production to mitigate supply chain risks and comply with USMCA regional content rules. These shifts are creating higher demand for locally sourced, high-performance fasteners tailored for diverse vehicle platforms, including EVs and hybrid models.

The development of smart and self-locking fasteners presents a significant opportunity in the market, particularly with the rise of autonomous and connected vehicles. These advanced fasteners are equipped with features such as embedded sensors, torque monitoring, and remote locking capabilities, enabling real-time diagnostics, predictive maintenance, and enhanced safety. As vehicle electronics and Advanced Driver Assistance Systems (ADAS) become more complex, the reliability of mechanical joints becomes critical. Smart fasteners can alert systems to loosening or failure risks, reducing maintenance costs and enhancing overall system integrity. For instance, companies are investing in sensor-enabled bolting solutions that support vehicle-to-infrastructure (V2I) communication, aligning with the broader shift toward intelligent transportation systems.

Maintaining fastening integrity in multi-material vehicle designs poses a major challenge in the automotive fasteners market. As OEMs increasingly adopt lightweight materials such as aluminum, carbon fiber, magnesium alloys, and advanced plastics to improve fuel efficiency and reduce emissions, ensuring reliable fastening becomes more complex. Different thermal expansion rates, surface hardness, and galvanic corrosion risks between dissimilar materials can lead to joint failure, loosening, or stress concentration. Traditional fasteners may not provide sufficient clamping force or may degrade the integrity of softer substrates. This challenge necessitates the development of application-specific fastening solutions with features including differential thread profiles, thermal compensation, and insulating coatings to preserve joint reliability across dynamic operating conditions.

Global Automotive Fasteners Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global automotive fasteners market report based on product type, material, application, vehicle type, and region:

• Product Type Outlook (Revenue, USD Million, 2021 - 2033)
• Threaded Fasteners
• Non-threaded Fasteners
• Material Outlook (Revenue, USD Million, 2021 - 2033)
• Metal
• Plastic/Composite
• Hybrid
• Application Outlook (Revenue, USD Million, 2021 - 2033)
• Powertrain & Chassis
• Body & Trim
• Electrical & Fluid Connectors
• Vehicle Type Outlook (Revenue, USD Million, 2021 - 2033)
• ICE & Commercial Vehicles
• EV & Lightweight Vehicles
• Regional Outlook (Revenue, USD Million, 2021 - 2033)
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
• Asia Pacific
o China
o India
o Japan
o Australia
o South Korea
• Latin America
o Brazil
• Middle East & Africa (MEA)
o UAE
o Kingdom of Saudi Arabia (KSA)
o South Africa

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Table of Contents

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.2.1. Information Procurement
1.3. Information or Data Analysis
1.4. Methodology
1.5. Research Scope and Assumptions
1.6. Market Formulation & Validation
1.7. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Automotive Fasteners Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. Automotive Fasteners Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic landscape
3.3.2.3. Social Landscape
3.3.2.4. Technological landscape
3.3.2.5. Environmental Landscape
3.3.2.6. Legal landscape
Chapter 4. Automotive Fasteners Market: Product Type Estimates & Trend Analysis
4.1. Segment Dashboard
4.1.1. Automotive Fasteners Market: Product Type Movement Analysis, 2024 & 2033 (USD Million)
4.2. Threaded Fasteners
4.2.1. Threaded Fasteners Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
4.3. Non-threaded Fasteners
4.3.1. Non-threaded Fasteners Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 5. Automotive Fasteners Market: Material Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Automotive Fasteners Market: Material Movement Analysis, 2024 & 2033 (USD Million)
5.3. Metal
5.3.1. Metal Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
5.4. Plastic/Composite
5.4.1. Plastic/Composite Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
5.5. Hybrid
5.5.1. Hybrid Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 6. Automotive Fasteners Market: Application Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. Automotive Fasteners Market: Application Movement Analysis, 2024 & 2033 (USD Million)
6.3. Powertrain & Chassis
6.3.1. Powertrain & Chassis Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
6.4. Body & Trim
6.4.1. Body & Trim Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
6.5. Electrical & Fluid Connectors
6.5.1. Electrical & Fluid Connectors Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 7. Automotive Fasteners Market: Vehicle Type Estimates & Trend Analysis
7.1. Segment Dashboard
7.2. Automotive Fasteners Market: Vehicle Type Movement Analysis, 2024 & 2033 (USD Million)
7.3. ICE & Commercial Vehicles
7.3.1. ICE & Commercial Vehicles Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
7.4. EV & Lightweight Vehicles
7.4.1. EV & Lightweight Vehicles Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 8. Automotive Fasteners Market: Regional Estimates & Trend Analysis
8.1. Automotive Fasteners Market Share, By Region, 2024 & 2033 (USD Million)
8.2. North America
8.2.1. North America Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.2.2. U.S.
8.2.2.1. U.S. Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.2.3. Canada
8.2.3.1. Canada Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.2.4. Mexico
8.2.4.1. Mexico Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.3. Europe
8.3.1. Europe Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.3.2. UK
8.3.2.1. UK Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.3.3. Germany
8.3.3.1. Germany Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.3.4. France
8.3.4.1. Italy Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.4. Asia Pacific
8.4.1. Asia Pacific Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.4.2. China
8.4.2.1. China Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.4.3. Japan
8.4.3.1. Japan Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.4.4. India
8.4.4.1. India Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.4.5. South Korea
8.4.5.1. South Korea Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.4.6. Australia
8.4.6.1. Australia Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.5. Latin America
8.5.1. Latin America Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.5.2. Brazil
8.5.2.1. Brazil Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.6. Middle East and Africa
8.6.1. Middle East and Africa Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.6.2. UAE
8.6.2.1. UAE Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.6.3. KSA
8.6.3.1. KSA Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
8.6.4. South Africa
8.6.4.1. South Africa Automotive Fasteners Market Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 9. Competitive Landscape
9.1. Company Categorization
9.2. Company Market Positioning
9.3. Company Heat Map Analysis
9.4. Company Profiles/Listing
9.4.1. Illinois Tool Works Inc.
9.4.1.1. Participant’s Overview
9.4.1.2. Financial Performance
9.4.1.3. Product Benchmarking
9.4.1.4. Strategic Initiatives
9.4.2. Stanley Black & Decker, Inc.
9.4.2.1. Participant’s Overview
9.4.2.2. Financial Performance
9.4.2.3. Product Benchmarking
9.4.2.4. Strategic Initiatives
9.4.3. Würth Group
9.4.3.1. Participant’s Overview
9.4.3.2. Financial Performance
9.4.3.3. Product Benchmarking
9.4.3.4. Strategic Initiatives
9.4.4. ARaymond Network (ARaymond)
9.4.4.1. Participant’s Overview
9.4.4.2. Financial Performance
9.4.4.3. Product Benchmarking
9.4.4.4. Strategic Initiatives
9.4.5. Norma Group SE
9.4.5.1. Participant’s Overview
9.4.5.2. Financial Performance
9.4.5.3. Product Benchmarking
9.4.5.4. Strategic Initiatives
9.4.6. Bulten AB
9.4.6.1. Participant’s Overview
9.4.6.2. Financial Performance
9.4.6.3. Product Benchmarking
9.4.6.4. Strategic Initiatives
9.4.7. KAMAX Holding GmbH & Co. KG
9.4.7.1. Participant’s Overview
9.4.7.2. Financial Performance
9.4.7.3. Product Benchmarking
9.4.7.4. Strategic Initiatives
9.4.8. LISI Automotive (LISI Group)
9.4.8.1. Participant’s Overview
9.4.8.2. Financial Performance
9.4.8.3. Product Benchmarking
9.4.8.4. Strategic Initiatives
9.4.9. Bossard Holding AG (Bossard Group)
9.4.9.1. Participant’s Overview
9.4.9.2. Financial Performance
9.4.9.3. Product Benchmarking
9.4.9.4. Strategic Initiatives
9.4.10. Sundram Fasteners Limited
9.4.10.1. Participant’s Overview
9.4.10.2. Financial Performance
9.4.10.3. Product Benchmarking
9.4.10.4. Strategic Initiatives