Automotive Fasteners Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Automotive Fastener Industry Bolts & Nuts Suppliers and the Market is Segmented On the Basis of Fastener Type (Threaded and Non-Threaded), by Vehicle Type (Passenger Cars and Commercial Vehicles), by Vehicle Propulsion Type (IC Engine Vehicles and Electric Vehicles), by Function (Detachable and Non-Detachable), Material Type (Iron, Steel, Aluminum, Brass, Plastic), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers the Market Size and Forecast in Value (USD) for all the Above Segments.

Automotive Fasteners Market Size

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Automotive Fasteners Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 60.38 Billion
Market Size (2029) USD 74.22 Billion
CAGR (2024 - 2029) 4.13 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific

Major Players

Automotive Fasteners Market

*Disclaimer: Major Players sorted in no particular order


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Automotive Fasteners Market Analysis

The Automotive Fasteners Market size is estimated at USD 60.38 billion in 2024, and is expected to reach USD 74.22 billion by 2029, growing at a CAGR of 4.13% during the forecast period (2024-2029).

Currently, the Automotive fasteners market is valued at USD 60.38 billion and is expected to reach USD 74.22 billion over the next five years, registering a solid CAGR of 4.13% during the forecast period.

The COVID-19 pandemic had hindered the growth of automotive industry across the world. Asia-pacific, being the largest exporter of automotive fasteners was deeply affected during the crisis. The disruptions in supply chain activities, the interruption in large-scale manufacturing, and restrictions on travel, resulted in slowdown of market.

Although soon after Q1 of 2021, market has recovered knowingly well owing to ease in supply chain capabilities with a decrease in infection rate of COVID-19 virus. In addition, production capabilities has also been improved which showcase immense growth potential in market.

The market witnessed steady recovery on backs of various factors including growing vehicle production, shifting focus toward lightweight vehicles, and the increasing use of electronics in vehicles. Moreover, manufacturers are also shifting from standard fasteners to customized fasteners, and this new development will also drive this market.

Vehicle maintenance companies and MRO service provider are key nodes involved in automotive fasteners business elevting the demand. With increase in aftermarket maintenance and service actives for commercial and passengers vehicles, demand for automotive fasteners shall also witness surge in the coming assessment period.

Furthermore, mechanical advancements and enhancement in quality and sturdiness of fasteners is another element anticipated to boost demand in the market. In addition, the surging demand for reduced weight of vehicles and its stability to boost inclination towards automotive fasteners over welding to create growth opportunities in the market.

Asia-Pacific is estimated to be the largest market for automotive fasteners followed by Europe during the forecast period owing to their large production and sales of vehicles. The manufacturers are shifting from standard parts to customized parts, which likely to drive the demand for customized fasteners in the Asia-Pacific region.

Automotive Fasteners Market Trends

Vehicle Sales to Fuel Iron Fastener Demand

Worldwide car sales grew to around 67.2 million automobiles in 2022, up from around 66.7 million units in 2021. In 2020 and 2021, a faltering global economy caused the industry to experience a downward trend. In 2022, COVID-19 and the Russian war in Ukraine contributed to shortages in the automotive semiconductor market and additional supply chain disruptions. Despite these challenges, 2023 sales growth is anticipated.

Factors such as growing vehicle production and major countries across regions opting for several government initiatives promoting e-mobility coupled with the manufacturing of vehicles across the country. However, the impact of the pandemic market has resulted in slow growth. Further, fastener manufacturers are aiming for key mobility partners like BMW, Volkswagen, Opel, Fiat, etc. for maintaining a strong supply of their fasteners during production.

The most usual kind of these fasteners is nuts, washers, and bolts. Among these, nuts will be the fastest-growing threaded fasteners registering significant growth through 2028 forecast period. Nuts are used in vehicle conjunctions in combination with bolts and sometimes with washers to fasten several parts collectively. These fasteners stay and adjoin together by grouping of their inner linings.

Further, increased demand for metal-to-metal fastening in vehicles has elevated the demand for detachable fasteners. This is attributed to the ease and flexibility offered by this fastener during their installation while attaching two metal pieces in vehicles. Moreover, this has helped automakers as well who are facing challenges with loosed bolts and fasteners fitting in the vehicles. These fasteners allow them to repair and replace the fitting in order to provide perfect fitting over the parts/components.

Moreover, growing demand for vehicles to provide lucrative opportunities for market players during forecast period. In addition, as manufacturers are also shifting from standard fasteners to customized fasteners, this new development to drive demand in market coupled with vehicles sales.

Automotive Fasteners Market: Global Passenger Car Sales, in Million Units, 2019-2022

Asia-Pacific to Exhibit the Highest Growth Rate During the Forecast Period

Asia-Pacific is projected to account for a notable share of the automotive fasteners market due to an increase in sale of vehicles across the region. Rising demand for fuel-efficient vehicles across Asia Pacific is likely to drive the automotive fasteners market in the region. Increase in aftermarket sale of vehicles fasteners across the regions also to boost demand for the automotive fasteners market across the region.

The market growth in this region is also attributed to surging production of vehicles and increasing aftermarket sale of vehicle fasteners. Japan, China, and India are booming in the market due to presence of automobile giants like Toyota, Suzuki, Mahindra & Mahindra, Isuzu, Dongfeng, SAIC Motor, and TATA Motors.

Asia-Pacific has been the driving the demand for automotive fasteners on the rocks of economies of agglomeration. With presence of almost all top automotive manufacturer and service providers, region is supplying immense growth potential for new entrant as well.

India is one of the major automobile exporters, and strong export growth is expected in the near future seeing its present mobility expansion projects. The automotive sector received a cumulative FDI inflow of approximately USD 30.78 Million between April 2000 and September 2021. The Government of India expects the automotive sector to attract USD 810 Million in domestic and foreign investment by 2023.

During FY 2021-2022, In total, 3,069,499 passenger vehicles were sold overall, an increase from 2,711,457 in India. Comparing April 2021 to March 2022, Passenger Car sales fell from 1,541,866 to 1,467,056 units, while Utility Vehicle sales rose from 1,060,750 to 1,489,178 units. Company are witness potnetial order from the key OEM across India for the supply of parts and components inclding fasteners. For instnace:

  • In January 2023, Chennai, India based largest fastener manufacturer Sundram has bagged an order worth USD 250 million from an EV OEM under six year long pruchase order.

Additionally, the advancing government guidelines for use of reduced vehicle weight has led to the improvements in technologies for producing durable and lightweight components in the region. Therefore, all these aforementioned factors likely to contribute for overall development of the market in Asia-Pacific region during the forecast period.

Automotive Fasteners Market - Growth Rate (%) By Region (2023 - 2028)

Automotive Fasteners Industry Overview

The market for automotive fasteners is a highly competitive market with few players such as Bossard Group, Stanley Black & Decker Inc., KAMAX Holding GmbH & Co., etc. dominating the market. These companies collectively account for a major share of this market.

The players in the market have adopted various strategies to diversify their presence globally and increase their market shares. The companies should focus on introducing more innovative products, mainly lightweight fasteners as the demand for lightweight vehicles is increasing worldwide. Players are carrying out strategic mergers and acquisitions in order to extend their market foothold. For instance:

  • In March 2022, Birmingham Fastener & Supply Company Inc. acquired K-T Bolt Manufacturing, Inc. Through this acquisition, the company strengthened Birmingham Fastener's product offering and manufacturing diversity.

Automotive Fasteners Market Leaders

  1. Bossard Group

  2. Stanley Black & Decker Inc.

  3. KAMAX Holding GmbH & Co.

  4. LISI Group

  5. Indiana Automotive Fasteners Inc. (Aoyama Seisakusho Co., Ltd.)

*Disclaimer: Major Players sorted in no particular order

Automotive Fasteners Market Concentration
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Automotive Fasteners Market News

  • In September 2022, BultenAB and Polestar collaborated to develop a climate-neutral electric car by the year 2030. In this collaboration, BultenAB will supply climate-neutral and highly functional fasteners.
  • In April 2022, Birmingham Fastener & Supply Company Inc. acquired Champion Sales and Manufacturing, Inc., one of the leading rubber gasket companies based in Magnolia, Texas. Through this acquisition, Birmingham Fastener & Supply Company Inc. enhances its product offering and manufacturing diversity across Texas.

Automotive Fasteners Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

      1. 4.1.1 Vehicle Sales to Fuel Fastener Demand

      2. 4.1.2 Others

    2. 4.2 Market Restraints

      1. 4.2.1 Increasing Electric Vehicle Sales to Hinder the Growth

      2. 4.2.2 Others

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size in Value USD Million)

    1. 5.1 Fastener Type

      1. 5.1.1 Threaded

      2. 5.1.2 Non-Threaded

    2. 5.2 Vehicle Type

      1. 5.2.1 Commercial Vehicles

      2. 5.2.2 Passenger Cars

    3. 5.3 Propulsion

      1. 5.3.1 IC Engine Vehicles

      2. 5.3.2 Electric Vehicles

    4. 5.4 Function Type

      1. 5.4.1 Detachable

      2. 5.4.2 Non-Detachable

    5. 5.5 Material Type

      1. 5.5.1 Iron

      2. 5.5.2 Steel

      3. 5.5.3 Aluminum

      4. 5.5.4 Brass

      5. 5.5.5 Plastic

    6. 5.6 Geography

      1. 5.6.1 North America

        1. United States

        2. Canada

        3. Rest of North America

      2. 5.6.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      3. 5.6.3 Asia-Pacific

        1. India

        2. China

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      4. 5.6.4 Rest of the World

        1. South America

        2. Middle-East and Africa


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles*

      1. 6.2.1 Bulten AB

      2. 6.2.2 Shanghai Tianbao Fastener Manufacturing company Limited

      3. 6.2.3 Westfield Fasteners Limited

      4. 6.2.4 The Phillips Screw Company

      5. 6.2.5 KOVA Fasteners Private Limited

      6. 6.2.6 KAMAX Holding GmbH & Co. KG

      7. 6.2.7 LISI Group

      8. 6.2.8 Illinois Tool Works Inc.

      9. 6.2.9 The SFS Group AG

      10. 6.2.10 Nifco Inc.

      11. 6.2.11 Jiangsu Xing Chang Jiang International Co., Ltd.

      12. 6.2.12 Bossard Group

      13. 6.2.13 Stanley Black & Decker Inc.

      14. 6.2.14 Indiana Automotive Fasteners Inc. (Aoyama Seisakusho Co., Ltd.)

      15. 6.2.15


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Automotive Fasteners Industry Segmentation

Automotive fasteners include nuts, bolts, screws, retainers, spring clips, and washers. The main types of automotive fasteners are nuts, bolts, and washers.

The Report Covers Global Automotive Fastener Industry Bolts & Nuts Suppliers and the Market is segmented on the basis of Fastener type (Threaded and Non-Threaded), by Vehicle type (Passenger Cars and Commercial Vehicles), by Vehicle Propulsion type (IC Engine Vehicles and Electric Vehicles), by Function (Detachable and Non-Detachable), Material type (Iron, Steel, Aluminum, Brass, Plastic), and Geography (North America, Europe, Asia-Pacific, and Rest of the world).

The market size and forecasts for the market are provided in terms of value (USD) for all the above segments.

Fastener Type
Vehicle Type
Commercial Vehicles
Passenger Cars
IC Engine Vehicles
Electric Vehicles
Function Type
Material Type
North America
United States
Rest of North America
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle-East and Africa
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Automotive Fasteners Market Research FAQs

The Automotive Fasteners Market size is expected to reach USD 60.38 billion in 2024 and grow at a CAGR of 4.13% to reach USD 74.22 billion by 2029.

In 2024, the Automotive Fasteners Market size is expected to reach USD 60.38 billion.

Bossard Group, Stanley Black & Decker Inc., KAMAX Holding GmbH & Co., LISI Group and Indiana Automotive Fasteners Inc. (Aoyama Seisakusho Co., Ltd.) are the major companies operating in the Automotive Fasteners Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia-Pacific accounts for the largest market share in Automotive Fasteners Market.

In 2023, the Automotive Fasteners Market size was estimated at USD 57.89 billion. The report covers the Automotive Fasteners Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Fasteners Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Automotive Fasteners Industry Report

Statistics for the 2024 Automotive Fasteners market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Fasteners analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Automotive Fasteners Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)