Automotive Fasteners Market Playbook, Growth Opportunities and Trends

Automotive Fasteners Market Size, Trends, Share and Innovations

The automotive fasteners market is projected to reach USD 96.42 billion by 2034, growing from USD 65.22 billion in 2025, at a CAGR of 4.44% during the forecast period from 2025 to 2034.

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Introduction

The automotive fasteners market is a crucial sector of the automotive industry. This industry deals in manufacturing and distribution of fasteners used in the automotive sector. There are several types of fasteners developed in this sector comprising of bolts, nuts, screws, washers, rivets and some others. These fasteners are manufactured using various materials consisting of steel, aluminum, plastic, titanium, copper and some others. It finds applications in numerous automotive components including body structure, chassis, engine components, transmission, interior and some others. The growing use of fasteners in passenger vehicles has boosted the market expansion. This market is expected to rise significantly with the growth of the EV sector in different parts of the world.

• According to the Statbase, around 1049831 passenger vehicles were sold in Australia in 2021 that increased to 1216780 in 2023. (Source: Statbase)

Highlights of the Automotive Fasteners Market

• North America held the largest share of the automotive fasteners market.
• Asia Pacific is expected to grow with the fastest CAGR during the forecast period.
• By application, the engine components segment held the largest share of the market.
• By application, the body structure segment is anticipated to rise with a significant CAGR during the forecast period.
• By materials, the steel segment dominated this industry.
• By materials, the aluminum segment is predicted to rise with a considerable CAGR during the forecast period.
• By end use, the passenger vehicles segment led the industry.
• By end use, the two-wheeler segment is projected to grow with a notable CAGR during the forecast period.

Key Metrics and Overview

What are the Trends of Automotive Fasteners Market in 2025?

The major trends of automotive fasteners market include rising investment in aluminum industry, growing sales of EVs and rapid adoption of self-clinching fasteners.

• Rising Investment in Aluminum Industry

Several public companies are investing heavily in aluminum industry to cater the needs of the end-users. For instance, in March 2025, Hindalco Industries Ltd announced to invest around US$ 5.21 billion. This investment is done for enhancing the manufacturing capacity of aluminum in India. (Source: Recycling Today)

• Growing Sales of EVs

The sales of EVs have increased due to numerous government initiatives along with growing prices of gasoline. With the rising demand for EVs, the demand for fasteners has increased rapidly due to their applications in body structures and powertrain components. According to the International Energy Agency, around 6500000 PHEVs were sold globally in 2024. (Source: International Energy Agency (IEA))

• Rapid Adoption of Self-Clinching Fasteners

The use of self-clinching nuts and studs for attaching brackets or panels in vehicle frames is an ongoing trend in the industry. For instance, in January 2025, TR Fastenings launched a new range of self-clinching fasteners. These fasteners find several applications in the automotive sector (Source: TR Fastenings Ltd)

Application Insights

The engine components segment held the largest share of the market. The rising use of washers for preventing leaks and distributing pressure in automotive engines has boosted the market expansion. Additionally, the growing application of fasteners for securing various engine parts such as cylinder heads, engine blocks, pistons and some others is playing a crucial role in shaping the industrial landscape. Moreover, the rapid adoption of quick-release latches and springs for joining several engine components is expected to propel the growth of the automotive fasteners market.

• In August 2023, Accu launched captive washers. These washers find numerous applications in automotive engines. (Source: Design World)

The body structure segment is anticipated to rise with a significant CAGR during the forecast period. The growing use of screws for joining body panels and chassis in automotive has boosted the market expansion. Also, surge in demand for advanced fasteners for securing numerous components such as wheels, bumpers, interior trim and some others is likely to shape the industry in a positive direction. Moreover, the increasing adoption of plastic fasteners and self-clinching fasteners in doors handles is likely to boost the growth of the automotive fasteners market.

Materials Insights

The steel segment dominated this industry. The growing use of steel bolts in vehicles for joining engine components and body panels has driven the market expansion. Additionally, numerous government initiatives aimed at developing the steel manufacturing sector is playing a crucial role in shaping the industry in a positive direction. Moreover, numerous advantages of steel-based fasteners including high strength, cost-effectiveness, durability and some others has boosted the growth of the automotive fasteners market.

• In November 2024, PRW Power launched a new range of head fasteners. These fasteners are manufactured using steel and finds application in automotive engines. (Source: LSX Magazine)

The aluminum segment is predicted to rise with a considerable CAGR during the forecast period. The rising use of aluminum fasteners in racing cars has boosted the market expansion. Additionally, technological advancements in aluminum refining coupled with rapid adoption of robotics in aluminum industry is likely to shape the industrial landscape. Moreover, numerous benefits of aluminum fasteners including corrosion resistance, thermal conductivity, electrical conductivity, light-weight and some others is anticipated to propel the growth of the automotive fasteners market.

• In February 2024, SPIROL launched CL6000. CL6000 is an aluminum-based Compression limiters designed for the automotive sector. (Source: SPIROL introduces new Compression Limiters)

End Use Insights

The passenger vehicles segment led the industry. The rapid adoption of electric SUVs in developed nations such as UK, U.S., France, Germany, and some others has boosted the market growth. Also, the growing production of passenger vehicles in several countries such as India and China is playing a significant role in shaping the industrial landscape. Moreover, the increasing use of sustainable fasteners in passenger cars for joining body panels and engine components is driving the growth of the automotive fasteners market.

• In September 2024, Keba Fastenings launched POLYMATE20 and EVOmate. POLYMATE20 and EVOmate are eco-friendly screws that finds several applications in passenger vehicles. (Source: Sustainable Plastics)

The two-wheeler segment is projected to grow with a notable CAGR during the forecast period. The growing sales and production of affordable scooters in mid-income countries such as India, Vietnam, Indonesia and some others has boosted the market expansion. Additionally, the rising adoption of aluminum fasteners in superbikes along with increasing use of hex head bolts for assembling structural components in two-wheelers has played a crucial role in shaping the industry in a positive direction. Moreover, rapid investment by two-wheeler brands for manufacturing electric bikes and e-scooters has further fostered the growth of the automotive fasteners market.

• In February 2025, JRG Automotive acquired two-wheeler functional plastics division of Stanley Engineered Fastening India (SEFI). This acquisition is done to strengthen JRG Automotive’s two-wheeler component manufacturing sector. (Source: Mobility Outlook)

Geographical Insights

North America held the largest share of the automotive fasteners market. The growing demand for luxury cars has increased the demand for aluminum fasteners, thereby driving the market growth. Additionally, numerous government initiatives aimed at developing the EV manufacturing sector coupled with ongoing trend of vehicle modification in the U.S. and Canada has further added to the industrial expansion. Moreover, the presence of several automotive brands such as Buick, Rivian, Tesla, Ford and some others is expected to drive the growth of the automotive fasteners market in this region.

U.S. dominated the market in this region. The market is generally driven by the growing adoption of electric vehicles along with rapid development in titanium industry. Additionally, the presence of several fastener companies such as Stanley Black & Decker, Blue Ribbon Fastener, MacLean-Fogg Component Solutions and some others is projected to drive the market growth.

• In January 2023, Blue Ribbon Fastener announced to open a new warehouse in Dacono, Colorado. This new warehouse is inaugurated to store a wide range of fasteners and other automotive components to cater the needs of the consumers across Western U.S. (Source: Industrial Distribution)

Asia Pacific is expected to grow with the fastest CAGR during the forecast period. The rising adoption of hybrid vehicles in several countries including China, India, Japan and some others has boosted the market expansion. Also, the growing sales of sports bike along with rapid developments in the aluminum industry is likely to shape the industrial landscape. Moreover, the presence of several market players such as Toneji Co.,Ltd., TAKENAKA SEISAKUSHO CO., LTD, Shanghai Prime Machinery Company, Sundram Fasteners, Shinko Bolt, Delta Fitt INC, IWATA BOLT, Tohoku bolt MFG. Co., Ltd and some others is driving the growth of the automotive fasteners market in this region.

• In August 2024, Sundaram Fasteners announced to invest around Rs 400 crores. This investment is done for enhancing the automotive fastener segment across India. (Source: Autocar Professional)

China is the major contributor in this region. The growing production for electric vehicles coupled with availability of essential raw materials has boosted the market growth. Moreover, the presence of various automotive brands such as BYD, XPENG, Dongfeng Motor Corporation, Geely and some others further adds to the industrial expansion.

Industry Leader Announcement

• In March 2025, Marco Sargenti, the CEO of Vimi Fasteners made an announcement stating that, “We have succeeded in reducing both overall dimensions and weight, thus improving the performance of the most iconic supercar powertrains, the goal has been achieved thanks to a deep know-how of products and production processes, combined with a careful and strategic management of the raw materials supply chain.”

Competitive Landscape

The automotive fasteners market is a highly competitive industry with the presence of a various dominating players. Some of the prominent companies in this industry consists of Trinity Structural Towers, Acument Global Technologies, Mecatech SA, Stanley Black and Decker, Nifco Inc, Screws and Bolts Manufacturing Co, Illinois Tool Works Inc, Bulten AB, Rivnuts Ltd, Vossloh AG, Märken, LISI Group, Araymond, Ganter Norm, Fortress Tech and some others. These companies are constantly engaged in manufacturing fasteners and adopting numerous strategies such as launches, business expansions, collaborations, partnerships, joint ventures, acquisitions and some others to maintain their dominance in this market.

• In September 2024, ARaymond launched a new range of automotive fasteners. This new range of fasteners are designed for commercial vehicles. (Source: AutoTechReviews)
• In July 2024, Bossard acquired Dejond Fastening NV. This acquisition is done for developing a new range of automotive nuts. (Source: Bossard Group)

Recent Developments

• In March 2025, Fontana Gruppo acquired Right Tight Fasteners Pvt. Ltd. Through this acquisition, Fontana Gruppo is expected to enhance its fasteners segment output to cater the needs of the automotive sector. (Source: Fontana Gruppo)
• In January 2025, Bossard launched a new range of automotive fasteners. This range of fasteners are designed for the EV industry. (Source: Fastener News)
• In April 2024, TR Fastenings launched Plas-Tech 30-20. Plas-Tech 30-20 is a new range of screws designed for the automotive sector. (Source: TR Fastenings Ltd)

Automotive Fasteners Market Segments

By Application

• Body Structure
• Chassis
• Engine Components
• Transmission
• Interior

By Type

• Bolts
• Nuts
• Screws
• Washers
• Rivets

By Materials

• Steel
• Aluminum
• Plastic
• Titanium
• Copper

By End Use

• Passenger Vehicles
• Commercial Vehicles
• Two-Wheelers

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific
• The Middle East and Africa