Automotive Fasteners Market – Global Industry Size, Share, Trends Opportunity, and Forecast Segmented By Fastener type (Threaded and Non-Threaded), by Vehicle type (Passenger Cars and Commercial Vehicles), by Material type (Iron, Steel, Aluminum, Brass, Plastic), By Region and By Competition. 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 31.84 Billion
CAGR (2026-2031)	7.27%
Fastest Growing Segment	Passenger Cars
Largest Market	Asia Pacific
Market Size (2031)	USD 48.51 Billion

Market Overview

The Global Automotive Fasteners Market will grow from USD 31.84 Billion in 2025 to USD 48.51 Billion by 2031 at a 7.27% CAGR. Automotive fasteners are mechanical devices, including screws, nuts, bolts, washers, and clips, designed to securely join and retain various vehicle components to ensure structural integrity and safety. The primary drivers supporting the growth of this market include the consistent increase in global vehicle manufacturing volumes and the imperative for lightweighting strategies to meet strict fuel efficiency and emission standards. Furthermore, the structural shift toward electric mobility requires distinct fastening solutions for battery packs and electronic control units, providing a sustained source of demand that differs from temporary industry fads.

According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2024, global motor vehicle production reached 92.5 million units. This high volume of manufacturing underscores the immense scale of component requirements; however, the market faces a significant challenge regarding the volatility of raw material prices. Fluctuations in the cost of steel and aluminum can unpredictably escalate production expenses and compress profit margins, serving as a potential impediment to stable market expansion.

Key Market Drivers

The rapid expansion of the electric and hybrid vehicle market is fundamentally reshaping the demand profile for automotive fasteners, shifting the focus from standard mechanical joining to specialized, high-performance solutions. Unlike internal combustion engines, electric powertrains require distinct fastening components for battery packs, copper busbars, and electronic control units that must withstand high voltages and resist electrochemical corrosion. This structural transition provides a sustained growth avenue, as the procurement of these specialized insulated and non-magnetic fasteners directly tracks the volume of electrification. According to the International Energy Agency, April 2024, in the 'Global EV Outlook 2024', electric car sales reached almost 14 million in 2023, a surge that necessitates a proportional scaling of these critical, EV-specific fastening technologies.

Concurrently, stringent emission standards driving vehicle lightweighting initiatives are compelling manufacturers to adopt mixed-material assemblies, necessitating the joining of dissimilar materials such as aluminum, carbon fiber, and high-strength steel. Traditional welding is often incompatible with these combinations, thereby accelerating the adoption of mechanical fasteners like self-piercing rivets and flow-drill screws which ensure structural rigidity without adding excessive mass. Highlighting the regulatory success of these engineering shifts, the U.S. Environmental Protection Agency, December 2023, in the '2023 Automotive Trends Report', noted that real-world CO2 emissions for new vehicles fell to a record low of 337 grams per mile, a milestone achieved largely through material innovation. The scale of this requirement is further amplified by regional manufacturing output; according to the China Association of Automobile Manufacturers, in 2024, annual automobile production in China exceeded 30 million units, creating immense localized demand for these advanced lightweighting fasteners.

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Key Market Challenges

The volatility of raw material prices, particularly for steel and aluminum, poses a substantial barrier to the stability and expansion of the Global Automotive Fasteners Market. Manufacturers heavily rely on steady input costs to maintain profit margins and competitive pricing structures for long-term OEM contracts. When material costs fluctuate unpredictably, it creates a difficult manufacturing environment where production expenses escalate rapidly, directly eroding financial performance. This instability forces companies to absorb rising costs or risk losing price-sensitive contracts, effectively stalling investment in new capacity and hampering overall market growth.

The impact of this uncertain cost environment is evident in the stagnation of material consumption rates, which limits the sector's upward momentum. According to the World Steel Association, in 2025, global steel demand was projected to remain flat compared to the previous year, reaching approximately 1,749 million tonnes. This lack of growth in the primary feedstock for fasteners underscores how persistent cost volatility and economic headwinds directly counteract the market's potential, neutralizing the opportunities that might otherwise arise from baseline vehicle production volumes.

Key Market Trends

The adoption of lightweight plastic and polymer composite fasteners is accelerating as manufacturers seek to reduce vehicle weight beyond traditional body-in-white structures. Unlike metal counterparts, these advanced polymer solutions, including cable channels and fluid connectors, offer significant mass reduction and superior noise, vibration, and harshness (NVH) damping properties essential for electric vehicle interiors. This shift towards non-metallic engineered components is substantiated by the financial resilience of major sector players. According to the LISI Group, February 2025, in the '2024 Annual Results', the LISI Automotive division generated €579.7 million in revenue, underscoring the sustained high-volume demand for these specialized clipping and fastening systems despite broader contractions in global vehicle production.

Simultaneously, the market is witnessing a critical implementation of eco-friendly zinc-flake and nano-ceramic coatings to replace hazardous hexavalent chromium finishes. These sustainable surface treatments provide exceptional corrosion resistance without the risk of hydrogen embrittlement, a fatal flaw in high-tensile steel fasteners used in battery packs and chassis assemblies. Leading players are increasingly integrating these green technologies into their full-service portfolios to align with stringent environmental regulations such as REACH. Validating the scale of this technological transition, according to the Böllhoff Group, May 2025, in the 'Annual Report 2024', the company reported sales of €754 million, reflecting the robust industrial reliance on such specialized, environmentally compliant joining technologies even amidst a volatile economic landscape.

Segmental Insights

Based on recent market research, the Passenger Car segment is identified as the fastest-growing category within the Global Automotive Fasteners Market. This rapid expansion is primarily driven by the surging global production of vehicles and a paradigmatic shift toward Electric Vehicles (EVs), which require specialized, high-precision fasteners for battery packs and electronic control units. Furthermore, stringent mandates from regulatory bodies such as the U.S. Environmental Protection Agency (EPA) and the European Commission regarding fuel efficiency and carbon emissions are compelling manufacturers to adopt lightweight materials like aluminum and composites. This transition necessitates the use of advanced, lightweight fastening solutions to maintain structural integrity while reducing overall vehicle weight, thereby fueling significant demand within the passenger vehicle sector.

Regional Insights

Asia Pacific dominates the global automotive fasteners market due to the high concentration of vehicle manufacturing in China, Japan, and India. The region benefits from established automotive supply chains and the expanding operations of major original equipment manufacturers. Rising consumer demand for passenger vehicles and commercial transport directly drives the consumption of mechanical fastening components. Furthermore, the increasing production of electric vehicles in these economies sustains the need for diverse fastener types. This consistent industrial activity and localized production capacity secure the region's leading position in the international market.

Recent Developments

• In July 2024, NORMA Group secured a significant contract to supply lightweight tubes for the battery thermal management systems of a new electric vehicle platform. The agreement, valued at more than EUR 30 million, involved equipping small to medium-sized electric passenger cars with thermoplastic elastomer tubes designed to ensure efficient cooling and thermal regulation. The company announced that deliveries for this project would commence in December 2026, with an expected annual volume of around 1.4 million tubes. This development highlighted the company's ongoing commitment to supporting the automotive industry's transition toward low-emission vehicle architectures.
• In April 2024, TR Fastenings launched the Plas-Tech 30-20® screw range, a new product line specifically engineered for fastening into plastic materials. These screws were developed with a unique thread profile featuring a twenty percent finer pitch and a lower flank angle compared to conventional designs, which improved axial resistance and reduced material displacement. The launch addressed the increasing requirement for reliable fastening solutions in lightweight automotive applications, as well as in the electronics and infrastructure sectors. The new screws allowed manufacturers to achieve higher joint strength and improved performance when assembling various types of plastic components.
• In April 2024, Sterling Tools Limited, a prominent automotive fastener manufacturer, entered into a Memorandum of Understanding with South Korea’s Yongin Electronics Co., Ltd. This strategic partnership was established to set up a new greenfield manufacturing facility in India dedicated to the production of electric vehicle components. The collaboration aimed to leverage Yongin's technological expertise to manufacture magnetic components and other critical parts for the EV ecosystem. The agreement was projected to generate business worth approximately INR 250 crore over five years, marking a significant diversification for the fastener company into the electric mobility sector.
• In January 2024, PennEngineering announced the acquisition of Sherex Fastening Solutions, a global leader in the design and manufacture of blind rivet nuts and associated fastening systems. This strategic expansion was intended to strengthen the company’s global footprint and enhance its portfolio of engineered fastening technologies. Sherex, headquartered in Buffalo, New York, brought significant application expertise and production capabilities that complemented PennEngineering's existing ATLAS product line. The acquisition positioned the company to better serve the automotive and industrial markets by offering a more comprehensive range of high-quality riveting and fastening solutions to customers worldwide.

Key Market Players

• Bulten AB
• Shanghai Tianbao Fastener Manufacturing company Limited
• Westfield Fasteners Limited
• The Phillips Screw Company
• KOVA Fasteners Private Limited
• KAMAX Holding GmbH & Co. KG
• LISI Group
• Illinois Tool Works Inc.
• The SFS Group AG
• Nifco Inc.

By Fastener type	By Region
Threaded and Non-Threaded	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Automotive Fasteners Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Automotive Fasteners Market, By Fastener type:

• Threaded and Non-Threaded

• Automotive Fasteners Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE