Global sales of automotive fasteners were reported at USD 23,757.1 million in 2020. Demand for automotive fasteners is anticipated to reach USD 30,756.4 million in 2025. Over the assessment period (2025 to 2035), the market is projected to expand at a CAGR of 5.3% and attain value of USD 51,548.9 million by the end of 2035.
Automotive fasteners are components used to join and secure parts in vehicles, including screws, bolts, nuts, and clips. They ensure structural integrity, safety, and performance, with various coatings for durability.
Automotive fasteners are typically made from materials like steel, stainless steel, aluminum, and plastic. Steel is commonly used for strength and durability, while stainless steel provides corrosion resistance, ideal for harsh environments. Aluminum offers lightweight properties, often used in vehicle bodies to reduce weight.
Plastic fasteners are used for interior components. These materials enhance fastener performance, offering benefits such as resistance to wear, corrosion, and vibration, as well as contributing to overall vehicle safety, longevity, and fuel efficiency.
| Attributes | Key Insights |
|---|---|
| Market Value, 2025 | USD 30,756.4 million |
| Market Value, 2035 | USD 51,548.9 million |
| Value CAGR (2025 to 2035) | 5.3% |
Automotive fasteners are essential for securing components, maintaining structural integrity, and ensuring safety. They are used in critical applications such as attaching engine parts, body panels, and suspension systems. High-strength fasteners like bolts and nuts are typically used in areas subject to stress and vibration, while lighter materials like aluminum are preferred in less demanding sections.
The price of automotive fasteners varies depending on factors such as material, coating, and precision. Basic fasteners, like standard bolts, range from USD 0.05 to USD 0.50, while specialized fasteners designed for high-performance or safety-critical applications can cost between USD 1 and USD 5 or more, reflecting their advanced design and material quality.
Passivated coatings are widely used in automotive fasteners to enhance corrosion resistance, especially in harsh environmental conditions. These coatings are applied to fasteners such as bolts and nuts used in high-stress areas of vehicles. The passivation process improves the longevity and durability of fasteners by creating a protective oxide layer.
OEMs (Original Equipment Manufacturers) typically prefer passivated coatings due to the stringent quality and durability standards required for new vehicle production. These coatings are ideal for fasteners in engine compartments, suspension systems, and structural parts, where long-term performance is critical. As OEMs prioritize vehicle longevity and safety, the use of passivated-coated fasteners ensures that vehicles meet reliability expectations.
The widespread use of passivated coatings in OEM applications supports the fastener’s resistance to wear, rust, and corrosion, ultimately contributing to vehicle durability. Therefore, the demand for passivated-coated fasteners within the OEM channel is driven by the need for quality, reliability, and performance.
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The table below presents the annual growth rates of the global automotive fastener market from 2025 to 2035. With a base year of 2024 extending to 2025, the report explores how the market's growth trajectory develops from the first half of the year (January to June, H1) to the second half (July to December, H2). This analysis offers stakeholders a comprehensive view of the industry’s performance, focusing on key developments and shifts that may shape the market moving forward.
The market is expected to grow at a CAGR of 5.3% from 2025 to 2035. In H2, the growth rate is anticipated to increase slightly.
| Particular | Value CAGR |
|---|---|
| H1 2024 | 5.0% (2024 to 2034) |
| H2 2024 | 5.2% (2024 to 2034) |
| H1 2025 | 5.3% (2025 to 2035) |
| H2 2025 | 5.5% (2025 to 2035) |
From H1 2025 to H2 2025, the CAGR is expected to show a modest increase, moving from 5.3% in the first half to 5.5% in the second half. In H1, the sector is expected to see an increase of 30 BPS, with a further 30 BPS rise in the second half. This semi-annual update highlights the automotive fasteners market's growth potential, driven by technological innovations and increased demand for lightweight, durable materials.
Growing vehicle production is boosting sales of automotive fasteners
Growing global vehicle production, which reached 93 million units in 2023, is significantly driving the demand for automotive fasteners. These components are essential for vehicle assembly, ensuring structural stability and safety in both traditional and electric vehicles (EVs).
The industry's shift toward lightweight materials, such as aluminum and carbon fiber, has spurred the development of advanced fasteners made from high-strength alloys. These materials help reduce vehicle weight while maintaining durability and safety standards. Moreover, electric vehicles, with their complex battery systems, require specialized fasteners designed for thermal management, vibration resistance, and high-voltage safety.
In response to growing demand, manufacturers are adopting automated production technologies, including robotic assembly systems, to enhance precision and scalability. Additionally, research into corrosion-resistant coatings and sustainable fasteners is gaining traction, reflecting the industry’s push for innovation and long-term performance.
Expansion of Automotive Manufacturing Plants Fuels Growth in Fastener Market
The expansion of automotive manufacturing plants has a direct impact on the fastener market. As car manufacturers ramp up production, especially with the shift towards electric and autonomous vehicles, the demand for fasteners has significantly increased. For example, Hyundai Motor Group’s new facility in Georgia aims to produce 300,000 electric vehicles annually, creating substantial demand for automotive fasteners.
In terms of usage, an average vehicle consists of 2,000 to 3,000 fasteners, with each fastener playing a critical role in ensuring structural integrity and safety. These fasteners are used in critical components such as the engine, body panels, exhaust systems, and suspension.
Additionally, as vehicles become more complex, there is a growing need for specialized fasteners. This includes high-performance materials like aluminum alloys and stainless steel to meet the strength and weight requirements of modern designs. This trend is particularly evident in electric vehicles, where lightweight, high-strength fasteners are crucial to enhance efficiency and range.
Thriving Service & Repair Centers Accelerate Growth in Automotive Fastener Market
The thriving automotive service and repair industry is accelerating growth in the automotive fastener market. In the USA, there are approximately 176,000 automotive repair centers, contributing to a consistent demand for fasteners used in maintenance and repairs. As vehicles age, the need for repair services grows, leading to an increased need for fasteners like bolts, nuts, screws, and washers.
Service centers help fuel this demand by performing routine maintenance, part replacements, and extensive repairs on engines, body panels, and transmission systems. These services rely heavily on fasteners for secure assembly and efficient functioning of components. For instance, routine brake system repairs, suspension work, and engine overhauls all require significant fastener usage.
With an average of 250,000 new vehicles being serviced annually per major repair chain, the demand for fasteners in repairs continues to rise, especially with the growing complexity of modern vehicles that require specialized high-strength fasteners. This is supporting the ongoing growth of the fastener market.
Growing Demand for Custom Vehicle Modifications Drives Fastener Market Expansion
The growing demand for custom vehicle modifications is significantly driving the expansion of the automotive fasteners market. As consumers increasingly seek personalized vehicles, automakers and aftermarket companies are focusing on enhancing vehicle aesthetics, functionality, and performance through custom modifications. This includes alterations to body parts, interior features, and the addition of accessories, all of which require specialized fasteners for secure and durable installations.
For instance, Araymond, with a strong presence in the automotive sector, provides fasteners designed to secure customized components in electric vehicles, where design and technology integration are key. As more consumers demand individualized vehicles, both OEMs and aftermarket suppliers are investing in innovations to support the rapid growth of vehicle customization, further fueling the market for advanced, high-performance fasteners.
From 2020 to 2024, the global automotive fasteners market experienced steady growth, driven by the increasing demand for lightweight, durable, and high-performance materials in vehicle manufacturing. The automotive industry's shift towards electric vehicles (EVs) and advancements in autonomous driving technologies accelerated the need for specialized fasteners designed for new battery systems, electric drivetrains, and complex sensor integrations.
Innovations in materials, such as high-strength steel, aluminum, and composites, enabled the production of fasteners that support the lighter and more energy-efficient vehicles. Additionally, the trend toward vehicle customization, along with rising consumer demand for aftermarket modifications, further contributed to the market's growth.
Looking ahead to 2025 to 2035, the automotive fasteners market is expected to grow rapidly, driven by ongoing advancements in vehicle design, stricter safety standards, and the rise of electric and autonomous vehicles. As vehicle designs become more complex, the demand for advanced, high-performance fasteners that ensure reliability, durability, and ease of assembly will continue to rise, particularly in emerging markets with growing automotive production.
Tier-1 companies account for around 20-30% of the overall market with a product revenue from the automotive fasteners market of more than USD 30 million. Ying Feng Fastening Systems (China) Co., Ltd., baier & michels GmbH & Co. KG., MK Fasteners, KOVA Fasteners Pvt. Ltd., and other players.
Tier-2 and other companies such as Aoyama Automotive Fasteners Czech, s. r. o., Astec Tubes and other players are projected to account for 70-80% of the overall market with the estimated revenue under the range of USD 30 million through the sales of automotive fasteners.
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The section below covers the industry analysis for automotive fasteners in different countries. The demand analysis on key countries in several regions of the globe, including North America, Latin America, East Asia, South Asia Pacific, Western Europe, Eastern Europe, Middle East and Africa is provided. This data helps investors to keenly observe and go through the recent trends and examine them in an ordered manner.
| Countries | Value CAGR (2025 to 2035) |
|---|---|
| The USA | 5.5% |
| China | 6.0% |
| Germany | 4.8% |
| Japan | 4.5% |
| India | 5.9% |
In the USA, the growing trend of vehicle personalization is significantly driving the demand for automotive fasteners. Consumers are increasingly seeking custom features such as personalized interiors, unique body kits, and enhanced performance parts, all of which require specialized fasteners. The rise in aftermarket modifications, particularly in the performance and luxury vehicle segments, has resulted in a steady increase in the need for high-strength, durable fasteners.
Companies like Araymond and Bulten have been adapting to these needs by developing innovative fastening solutions that cater to a variety of custom modifications. The USA automotive manufacturers are expanding their options for vehicle customization, with brands like Ford and General Motors offering more tailored choices for their customers. This trend is expected to grow as consumers continue to prioritize individuality in their vehicles, creating sustained demand for advanced automotive fasteners that support these modifications.
The expansion of automotive manufacturing in China is driving significant demand for automotive fasteners. As both domestic and international automakers ramp up production to meet the growing demand for a wide range of vehicles, from compact cars to commercial vehicles, the need for fasteners is increasing. In 2024, China’s vehicle production reached 27.5 million units, up by 4.3% compared to the previous year, according to the China Association of Automobile Manufacturers (CAAM).
This expansion is supported by government policies that encourage both local and foreign manufacturers to scale up their operations. With a broader variety of vehicle models being produced, fasteners are required to secure various components, such as body panels, engine parts, and interior features.
The automotive fasteners market in Germany is experiencing significant growth, driven by advancements in manufacturing and increasing demand for high-performance components. Germany, home to some of the world’s leading automotive manufacturers, is witnessing a shift towards lightweight materials like aluminum and composites in vehicle production. This shift demands specialized fasteners capable of handling the unique stress and temperature requirements of these materials.
Innovations such as high-strength steel and coated fasteners are essential to ensure durability and corrosion resistance, particularly in harsh conditions. According to study, Germany holds a significant share of the European automotive fasteners market, with continued growth projected due to the country's focus on precision engineering.
Furthermore, the rise of electric vehicles (EVs) has led to new fasteners designs, especially in battery and structural components. These developments underscore the growing demand for advanced automotive fasteners, positioning Germany as a leader in fasteners technology within the automotive sector.
The section explains the growth of the leading segments in the industry. In terms of material, iron will likely dominate and generate a share of around 40% in 2024.
Based on the product type, threaded is projected to hold a major share of 60% in 2024. The analysis would enable potential clients to make effective business decisions for investment purposes.
| Segment | Iron ( Material) |
|---|---|
| Value Share (2024) | 40% |
Iron materials are the leading choice in the automotive fasteners market due to their exceptional strength, cost-effectiveness, and versatility. Their high tensile strength makes iron fasteners ideal for securing critical components in vehicles, from engines to suspension systems, ensuring they can withstand harsh conditions and heavy loads.
The affordability of iron compared to alternatives like aluminum and titanium makes it the go-to material for mass production, particularly in cost-conscious automotive manufacturing. Iron fasteners also offer durability and resistance to wear, which is essential for parts exposed to friction, heat, and vibration. Additionally, iron’s ability to be alloyed with other metals, such as carbon and chromium, enhances its resistance to corrosion, crucial for components exposed to moisture, road salts, and chemicals.
| Segment | Threaded (Product Type) |
|---|---|
| Value Share (2024) | 60% |
Threaded fasteners dominate the automotive fasteners market, with approximately 50-55% of total fasteners consumption attributed to their use in vehicles. For instance, modern passenger cars require over 2,000 threaded fasteners for assembly, ensuring strength and reliability in critical areas like the powertrain, chassis, and suspension. Heat-treated bolts for high-temperature engine applications and self-tapping screws for lightweight composites, have further increased their appeal.
Zinc-aluminum coatings are now standard for enhanced corrosion resistance, particularly in vehicles operating in harsh conditions. Threaded fasteners also streamline automated assembly lines, reducing production time and costs. These factors, combined with their versatility and superior performance, solidify their preference over non-threaded alternatives in automotive design and manufacturing.
Technological advancements in the automotive fasteners market are driving precision, durability, and adaptability. The development of lightweight fasteners, particularly aluminum and titanium alloys, is gaining traction to support the growing use of lightweight materials in vehicle manufacturing. High-strength fasteners, such as Grade 10.9 and 12.9 bolts, are increasingly used in critical applications like engines and suspension systems to withstand extreme loads and vibrations.
Innovations like self-locking nuts and micro-thread screws are improving assembly efficiency and safety, especially in high-stress components. Coated fasteners with zinc-flake or PTFE coatings offer enhanced corrosion resistance, making them essential for vehicles exposed to harsh environments. The trend toward automated manufacturing has also led to the adoption of pre-assembled fasteners systems, reducing assembly time and costs. These advancements are strengthening the role of high-performance fasteners in modern automotive engineering.
Recent Industry Developments
The material is further categorized into iron, aluminium, brass, nickel, stainless steel and plastic.
The characteristic is classified into removal, semi-permanent and permanent.
The product type is classified into threaded and non-threaded.
The coating is classified into passivated coating, cadmium coating and dry film lube coating.
The distribution channel is classified into OEM and aftermarket.
Regions considered in the study include North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and the Middle East and Africa.
The automotive fasteners was valued at USD 29,208.4 million in 2024.
The demand for automotive fasteners is set to reach USD 30,756.4 million in 2025.
The automotive fastener is driven by rising adoption of coated fasteners with corrosion resistance for harsh environment and increasing demand for high-tension fasteners in engine and suspension system for durability.
The automotive fasteners demand is projected to reach USD 51,548.9 million in 2035.
The iron are expected to lead during the forecasted period due to demand for high strength, ease of mass production for wide range of automotive application.
| Base Year Market Value (2023) | USD 93.9 billion |
|---|---|
| Projected Year Market Value (2033) | USD 414.5 billion |
| CAGR (2023 to 2033) | 16% |
| Market Size 2022 | USD 7,270.6 Million |
|---|---|
| Market Size 2032 | USD 11,399.6 Million |
| Value CAGR (2022 to 2032) | 4.6% |
| Market Size (2022) | USD 151.7 Million |
|---|---|
| Market Size (2032) | USD 604.8 Million |
| Value CAGR (2022 to 2032) | 14.80% |
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