Press release
Electric Vehicle (EV) Fasteners Market to Reach USD 20.0 Billion by 2030, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/3903/electric-vehicle-ev-fasteners-market.html
Market Statistics
• Market size: USD 9.3 billion in 2024
• Forecast value: USD 20.0 billion by 2030
• CAGR: 11.6%
• Forecast period: 2025-2030
• Base year: 2024
• Total number of segments: 7
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
EV Fasteners Market, by Vehicle Type
• LV
• M&HCV
EV Fasteners Market, by EV Type
• BEV
• Hybrid
EV Fasteners Market, by Material Type
• Metal Fasteners
• Plastic Fasteners
EV Fasteners Market, by Threading Type
• Threaded Fasteners
• Non-Threaded Fasteners
EV Fasteners Market, by Application Type
• Body in White
• Engine & Powertrain
• Chassis
• Interior
• Exterior
• Other Applications
EV Fasteners Market, by Fastener Type
• Clips
• Nuts
• Bolts
• Screws
• Rivets
• Other Fasteners
EV Fasteners Market, by Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Segment Analysis
By vehicle type, light vehicles are expected to remain the dominant segment due to higher production volumes of passenger cars and light commercial vehicles compared to medium and heavy commercial vehicles. Increasing motorization and strong EV adoption in passenger vehicles are driving fastener consumption, encouraging suppliers to focus on high-volume automotive programs.
By EV type, hybrid vehicles are expected to remain dominant due to their complex component structures and higher production levels compared to fully electric vehicles in several markets. Their need for fastening across both electric and conventional subsystems increases fastener demand, encouraging manufacturers to develop products tailored to hybrid vehicle architectures.
By material type, metal fasteners are expected to remain dominant due to their high tensile strength, durability, thermal resistance, and structural reliability. Plastic fasteners are expected to grow faster due to their lightweight characteristics and corrosion resistance supporting vehicle efficiency improvements, encouraging suppliers to expand material innovation strategies.
By threading type, threaded fasteners are expected to remain dominant and also grow the fastest due to their ability to provide secure yet removable joints required across multiple EV assemblies. Their reusability and ease of maintenance are supporting widespread adoption, encouraging manufacturers to expand threaded fastener product lines.
By application type, body in white is expected to remain dominant due to the large number of fasteners required to maintain structural rigidity and safety compliance of the vehicle frame. Increasing focus on lightweight body structures is further increasing the need for specialized fastening technologies, encouraging companies to invest in advanced fastening solutions.
By fastener type, rivets are expected to remain dominant due to growing adoption of automated riveting systems and self-piercing rivet technologies in modern EV assembly processes. Their ability to join lightweight materials efficiently is supporting their adoption, encouraging companies to strengthen their rivet technology portfolios.
Regional Insights
Asia-Pacific is expected to remain the dominant region due to strong EV production volumes, the presence of major EV manufacturers, and supportive government policies. Countries such as China, Japan, and South Korea are major contributors due to strong automotive manufacturing ecosystems and EV investments, making the region critical for supplier expansion strategies.
North America is expected to be the fastest-growing region due to increasing EV adoption, strong automotive innovation, and expanding EV manufacturing investments. Growth in domestic EV production is expected to create new sourcing opportunities for fastener manufacturers looking to expand their regional footprint.
Market Drivers
• Increasing EV production by global automakers requiring high-performance fastening systems for structural assembly
• Growing environmental regulations encouraging EV adoption and increasing component demand
• Rising use of lightweight materials by automotive OEMs requiring advanced fastening solutions
• Expansion of EV charging and mobility infrastructure supporting overall EV ecosystem growth
• Technological advancements in automated vehicle assembly by major automotive manufacturers
Competitive Landscape
Top Companies in the Market
• ITW
• Aoyama Seisakusho Co., Ltd.
• Stanley Black & Decker, Inc.
• Shanghai Prime Machinery Co., Ltd.
• LISI Automotive
• Bulten AB
FAQs
1. How big is the EV fasteners market expected to become by 2030 for automotive suppliers?
The market is projected to reach USD 20.0 billion by 2030, driven by strong EV production growth.
2. Which EV segment is currently generating the highest fastener demand from OEMs?
Light vehicles generate the highest demand due to large production volumes of passenger EVs and light commercial vehicles.
3. Which EV type should fastener manufacturers focus on for long-term contracts?
Hybrid EVs currently dominate due to their complex structures and higher production volumes in multiple regions.
4. Which application area consumes the highest volume of EV fasteners?
Body in white applications consume the most fasteners due to structural requirements and safety regulations.
5. Which region currently offers the largest business opportunity for EV fastener suppliers?
Asia-Pacific remains the largest opportunity due to strong EV production and manufacturing investments.
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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