Press release
Automotive Fastener Market to Reach USD 28.7 Billion by 2030 , says Stratview Research
Stratview Research
The primary growth driver is the steady rise in global vehicle production. This structurally increases demand because every vehicle requires thousands of fasteners across body, chassis, and powertrain assemblies, creating consistent and scalable consumption. Automotive production directly determines fastener demand volumes.
Every additional vehicle produced proportionally increases fastener demand across multiple assemblies.
"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."
The report covers detailed segmentation across vehicle type, powertrain type, material type, threading type, application type, fastener type, and region. It evaluates demand patterns, growth opportunities, and competitive dynamics. The study is strategically relevant for OEMs, component manufacturers, and investors aligning with evolving automotive production and electrification trends.
"Request a free sample report: https://www.stratviewresearch.com/Request-Sample/439/Automotive-Fastener-Market.html#form"
Market Statistics
• Market size: USD 25.1 billion (2024)
• Forecast value: USD 28.7 billion (2030)
• CAGR: 1.9%
• Forecast period: 2025-2030
• Base year: 2024
• Total number of segments: 7
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
Vehicle Type
• Light Vehicles
• Commercial Vehicles
Powertrain Type
• ICE Vehicles
• HEV
• BEV
Material Type
• Metal Fasteners
• Plastic Fasteners
Threading Type
• Threaded Fasteners
• Non-Threaded Fasteners
Application Type
• Body-in-White
• Engine & Powertrain
• Chassis
• Interior
• Exterior
• Other Application Types
Fastener Type
• Clips
• Nuts
• Bolts
• Screws
• Rivets
• Others
Region
• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Segment Analysis
Light vehicles are expected to be the demand generator in the vehicle type segment due to their high production volumes globally. Rising motorization rates and increasing passenger vehicle output directly increase fastener consumption per production cycle, strengthening long-term supplier demand visibility.
Battery electric vehicles are projected to create significant demand within the powertrain segment as electrification expands globally. Despite simplified architectures, the scaling of EV production introduces new fastening requirements in battery systems and electronic components, reshaping supplier portfolios.
Metal fasteners dominate the material segment due to their superior strength, durability, and resistance to heat and corrosion. Their compatibility with structural applications and cost-effectiveness ensures continued preference across critical automotive assemblies, reinforcing their central role in manufacturing strategies.
Threaded fasteners lead and grow faster within the threading segment because they provide reliable, removable joints across multiple vehicle systems. Their ease of assembly, maintenance, and reuse increases operational efficiency for OEMs, supporting sustained adoption.
Body-in-white remains the dominant application as it forms the structural base of vehicles and requires a high volume of fasteners for strength and crash performance. Increasing safety regulations and lightweight design trends further elevate demand for advanced fastening solutions in this segment.
Rivets hold the largest share in the fastener type segment due to growing adoption of automated assembly systems and lightweight joining technologies. Their effectiveness in modern vehicle architectures supports widespread use across structural components, aligning with evolving manufacturing processes.
Regional Insights
Asia-Pacific is the dominant region in the automotive fastener market due to its position as the global automotive manufacturing hub. High vehicle production volumes, strong OEM presence, and a well-established supply chain ecosystem drive sustained demand for fasteners across vehicle categories.
Market Drivers
• Rising global vehicle production increases fastener consumption as each vehicle requires thousands of fastening components across multiple systems.
• Increasing motorization rates expand vehicle ownership, directly boosting OEM production volumes and associated fastener demand.
• Development of advanced lightweight materials requires specialized fasteners to maintain structural integrity while reducing vehicle weight.
• Expansion of electric vehicles introduces new fastening requirements in battery systems and electronic architectures.
• Stringent vehicle safety regulations mandate high-strength and reliable fastening solutions, increasing demand for advanced fasteners.
Top Companies in the Market
• ITW
• Aoyama Seisakusho Co., Ltd.
• Nifco Inc.
• Shanghai Prime Machinery Co., Ltd.
• Stanley Black & Decker, Inc.
• Kamax Group
• Lisi Automotive
FAQs
1. What is the current market size and forecast for automotive fasteners?
The automotive fastener market was valued at USD 25.1 billion in 2024 and is expected to reach USD 28.7 billion by 2030. Growth is steady with a CAGR of 1.9% during 2025-2030.
2. What is the primary factor driving demand in the automotive fastener market?
Rising global vehicle production is the core driver. Each vehicle requires thousands of fasteners, making production volumes directly proportional to market demand.
3. Which region dominates the automotive fastener market?
Asia-Pacific leads the market due to its strong automotive manufacturing base. The presence of major OEMs and high vehicle output sustains regional demand.
4. Which segments offer the strongest growth opportunities?
Light vehicles, battery electric vehicles, and threaded fasteners are key growth areas. These segments align with increasing production volumes and evolving vehicle architectures.
5. What are the key challenges affecting market growth?
Simplified EV architectures reduce the number of fasteners per vehicle, moderating growth. Additionally, alternative joining technologies such as adhesives and welding are reducing dependence on traditional fasteners.
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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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