Global Rapid Diagnostics Market
September 29, 2025
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Key Market Insights
The global automotive fasteners market size wa+s valued at USD 24.08 billion in 2024. The market is projected to grow from USD 25.42 billion in 2025 to USD 37.01 billion by 2031, exhibiting a CAGR of 5.657% during the forecast period. Asia Pacific dominated the global market with a share of 47.91% in 2024.
Automotive fasteners are essential components used to secure different parts of a vehicle, helping to prevent movement, ensure leak-proof joints, and facilitate load transfer. These fasteners include bolts, nuts, screws, retainers, spring clips, and washers—each tailored to meet specific automotive needs. Depending on their application, they can be manufactured from either metal or plastic. They are also categorized by type and function, such as threaded vs. non-threaded and permanent vs. removable. The rising production and demand for both passenger and commercial vehicles are anticipated to drive the growth of Global Automotive Fasteners market.
Automotive Fasteners Market Trends
Increasing Use of Lightweight Fasteners in Vehicle Manufacturing
In recent years, the automotive industry has been increasingly focusing on weight reduction to improve fuel efficiency, enhance performance, and meet strict emission regulations. As a result, there has been a growing shift toward the use of lightweight fasteners, especially in electric vehicles (EVs) and fuel-efficient models. These fasteners are often made from advanced materials such as aluminum, titanium, and engineered plastics, replacing traditional steel components.
Lightweight fasteners play a crucial role in reducing overall vehicle weight without compromising structural integrity or safety. This trend is gaining momentum in Global Automotive Fasteners Market as automakers aim to meet sustainability targets and enhance vehicle range—particularly in electric and hybrid vehicles. For instance, several automotive OEMs are investing in the research and development of innovative fastening solutions that support modular construction and easy assembly.
Moreover, the rise of EVs and advanced automotive technologies like autonomous driving and connected vehicles has led to the integration of more electronic components, all of which require secure, high-precision fasteners. This surge in demand is expected to drive Global Automotive Fasteners market forward. For example, in 2023, Bulten AB expanded its range of lightweight fasteners by introducing new aluminum-based products tailored for EV platforms, targeting key OEMs in Europe and Asia. Such developments are anticipated to further boost global automotive fasteners market during the forecast period.
Automotive Fasteners Market Growth Factors
Rising Demand for Lightweight, High-Performance Fasteners will drive the market growth
The global automotive fasteners market is witnessing steady growth due to the increasing emphasis on vehicle efficiency, safety, and sustainability. Automakers are progressively shifting toward lightweight and corrosion-resistant fasteners to meet evolving emission norms and enhance overall vehicle performance. These fasteners are crucial for reducing vehicle weight, improving fuel economy, and ensuring structural integrity, especially in electric and hybrid vehicles.
With the rise in electric vehicle production and the trend toward modular vehicle platforms, the demand for precision-engineered fasteners has significantly increased. These components support advanced manufacturing techniques and allow for faster, more efficient vehicle assembly. Additionally, the development of smart fasteners equipped with sensors for monitoring tension and load is gaining traction, offering enhanced safety and maintenance benefits.
For example, in September 2023, Sundram Fasteners Limited announced the development of a new line of high-strength, lightweight fasteners designed specifically for electric vehicle platforms in collaboration with leading OEMs in Europe and North America. This innovation is expected to meet the growing need for compact, durable, and reliable fastening solutions in next-generation vehicles.
Automotive Fasteners Market Restraining Factors
Fluctuating Raw Material Prices and Stringent Industry Standards May Limit Market Growth
Despite positive trends, the automotive fasteners market faces challenges such as volatile raw material prices, including steel, aluminum, and specialty alloys, which significantly affect production costs. Frequent fluctuations in global metal markets can disrupt the supply chain and increase the cost of fasteners for OEMs and suppliers.
Moreover, the stringent quality standards and testing requirements in the automotive industry can increase time-to-market and R&D expenses, especially for fasteners intended for safety-critical applications. Small and medium-scale manufacturers often struggle to invest in advanced machinery and testing infrastructure, limiting their participation in high-value contracts.
Additionally, the shift toward adhesive bonding and welding technologies in vehicle manufacturing, particularly in EVs, presents a potential threat to traditional mechanical fasteners in certain applications. To address these concerns, companies are investing in material innovation and cost-effective manufacturing techniques.
Segmental Analysis:
By Product Type:
Threaded Fasteners to Dominate the Market Owing to High Strength and Versatility
Based on product type, the Global Automotive Fasteners market is segmented into Threaded and Non-threaded fasteners. The threaded fasteners segment is expected to account for the largest market share due to their widespread use across various automotive components, such as engines, transmissions, chassis systems, and suspension parts.
The non-threaded fasteners segment, which includes rivets, clips, pins, and washers, is also witnessing steady growth. These are primarily used in interior trim, body panels, and other lightweight applications where quick installation and aesthetic value are essential. Their cost-effectiveness, lightweight design, and ease of integration with automated assembly lines are anticipated to drive adoption.
By Material:
Metal Fasteners to Lead the Market Due to Superior Strength and Durability
Based on material, the Global Automotive Fasteners market is categorized into Metal and Plastic/Polymer fasteners. The metal fasteners segment is expected to dominate the market owing to their superior mechanical strength, heat resistance, and long service life.
The plastic/polymer fasteners segment is gaining traction due to the growing trend of vehicle lightweighting. These fasteners are typically used in non-load-bearing applications such as interior trims, dashboards, electrical wiring, and bumper components. They offer benefits like corrosion resistance, lower cost, and ease of manufacturing.
By Installation Type:
Removable Fasteners to Hold a Major Share Due to Ease of Maintenance and Reusability
Based on installation type, the Global Automotive Fasteners market is divided into Removable Fasteners and Permanent Fasteners. The removable fasteners segment is projected to hold the larger share of the market due to their flexibility, reusability, and ease of maintenance.
The permanent fasteners segment, which includes rivets, welding fasteners, and adhesive-bonded parts, is also expected to grow steadily. These fasteners are primarily used in applications where long-term reliability and structural integrity are critical. While they do not allow disassembly without damage, they provide enhanced vibration resistance and are often lighter in weight.
By Vehicle Type:
Passenger Vehicles Segment to Dominate Due to High Production Volume and Versatile Fastener Applications
Based on vehicle type, the Global Automotive Fasteners market is segmented into Passenger Vehicles, Commercial Vehicles, and Electric Vehicles. The passenger vehicles segment is expected to dominate the market due to the consistently high global production and sales of sedans, SUVs, and hatchbacks. Fasteners used in this segment serve a wide range of applications—from powertrain and suspension systems to interior trims and infotainment components.
The commercial vehicles segment is also witnessing strong growth, driven by the expansion of logistics, construction, and industrial activities. Heavy-duty vehicles require high-strength fasteners capable of withstanding extreme stress and load conditions. With increasing global trade and infrastructure development, demand for durable fasteners in trucks, vans, and buses is set to rise steadily.
By Application:
Engine Segment to Lead Due to High Demand for Precision and Durability
Based on application, the Global Automotive Fasteners market is categorized into Engine, Transmission, Exhaust Systems, Steering and Suspension, and Others. The engine segment is anticipated to hold the largest market share owing to the critical role fasteners play in maintaining engine integrity, performance, and safety. The increasing complexity of modern engines, including turbocharged and hybrid systems, is expected to further boost the demand for advanced fasteners in this segment.
The transmission segment also holds a significant share, as fasteners used in gear systems, clutches, and torque converters must provide tight sealing and withstand repetitive motion. Precision-engineered fasteners are essential in ensuring smooth power delivery and vehicle performance.
The exhaust systems segment requires fasteners that can withstand high temperatures, corrosion, and thermal cycling. The growing focus on emissions control and lightweight exhaust systems is likely to propel demand for specialized fastening solutions in this area.
By Distribution Channel:
Offline Channel to Maintain Dominance Due to Strong OEM and Aftermarket Networks
Based on distribution channel, Global Automotive Fasteners market is bifurcated into Online and Offline. The offline segment is projected to dominate the market, supported by long-standing relationships between manufacturers, OEMs, and authorized distributors. Most automotive fasteners are sold in bulk through traditional supply chains to ensure timely delivery, quality assurance, and technical support—especially for large-scale production and aftermarket servicing.
The online segment, though smaller, is expected to grow at a faster pace due to the rising penetration of e-commerce platforms and digital procurement systems. The convenience of browsing catalogs, comparing specifications, and ordering smaller quantities makes online channels increasingly popular among small-scale workshops, DIY users, and aftermarket service providers.
Regional insights
The Global Automotive Fasteners Market is analysed across North America, Europe, Asia-pacific, South America and Middle East and Africa.
Asia Pacific currently holds the largest share in the global automotive fasteners market. This dominance is primarily due to the presence of major automotive manufacturing hubs such as China, Japan, India, and South Korea. These countries contribute significantly to global vehicle production, creating consistent demand for automotive fasteners across OEM and aftermarket channels. Additionally, the rise in vehicle exports, growing domestic consumption, and increasing investments in electric vehicle production are further fueling regional growth. China, in particular, leads the market with a strong supplier base and cost-effective manufacturing. India is also emerging as a high-growth country, driven by rapid industrialization, infrastructure development, and expanding automotive assembly operations.
Europe holds the second-largest Global Automotive Fasteners market share, supported by the presence of well-established automotive giants such as Volkswagen, BMW, Daimler, and Renault. These companies rely on precision-engineered fasteners to meet stringent safety, efficiency, and performance standards. Furthermore, Europe’s push towards sustainable and lightweight vehicles has increased the demand for advanced fastening solutions made from composite and corrosion-resistant materials. Innovations in electric mobility and growing investments in EV manufacturing are also contributing to the fasteners market growth across the region.
North America is projected to witness steady growth over the forecast period. The region’s strong aftermarket sector, presence of major automakers like General Motors, Ford, and Tesla, and increasing demand for high-performance vehicles are major factors driving the market. Additionally, technological advancements in automotive design and rising adoption of electric and hybrid vehicles are creating new opportunities for specialized fastener applications. Supportive trade policies and domestic manufacturing initiatives are further bolstering regional expansion.
Key companies in Automotive fasteners market:
Companies Focus on Innovation, Expansion, and Strategic Partnerships to Strengthen Market Position
Leading companies in the automotive fasteners market include Illinois Tool Works Inc., Böllhoff Group, and Stanley Black & Decker, Inc. These players are focusing on product innovation, global expansion, and strategic partnerships with OEMs to maintain a competitive edge and cater to the evolving automotive industry demands.
For instance, Illinois Tool Works Inc. (ITW) continues to invest in R&D and advanced fastening solutions, particularly for electric vehicles, lightweight structures, and modular assembly systems. Similarly, other players are strengthening their supply chain networks and developing new fastening technologies to meet the automotive industry’s demand for safety, durability, and lightweight performance.
Major Companies in Automotive fasteners market include:
Key industry developments
Segmentation: