Global Automotive Fasteners Market

Automotive Fasteners Market Size, Share, Growth Analysis, By Product(Threaded (Nuts Screws, Rivets), By Application(Engine, Chassis), By Characteristics(Removable Fasteners, Permanent Fasteners), By Material(Stainless Steel, Bronze), By Electric Vehicle Type(Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV)), By Vehicle Type(Passenger Car (Hatchback, Sedan), By Distribution channel(Automotive OEM, Aftermarket) - Industry Forecast 2024-2031


Report ID: SQMIG15B2031 | Region: Global | Published Date: February, 2024
Pages: 246 | Tables: 210 | Figures: 80

Automotive Fasteners Market Insights

Automotive Fasteners Market size was valued at USD 21 billion in 2019 and is poised to grow from USD 21.4 billion in 2023 to USD 24.88 billion by 2031, growing at a CAGR of 1.9% in the forecast period (2024-2031).

The growing prevalence of vehicle sales and production might be related to the expansion of the worldwide automotive fastener market. Due to the rise of urbanisation, consumers' purchasing power has greatly increased in recent years, and they have begun to change their lifestyle. This has increased demand for passenger cars, which in turn fuels the expansion of the automotive fastener market. Furthermore, significant technological developments in the area of automobile fasteners have been made possible by the development of technology. The manufacturing of automobile fasteners has seen tremendous expansion due to cutting edge technology and the usage of superior materials.

Furthermore, another aspect supporting the expansion of the automotive fastener market is the viability of replacing automotive fasteners in automobiles. The global market for automotive fasteners is, nevertheless, experiencing some limitations and difficulties. The welding and clenching procedure is preventing market expansion. Additionally, the market will experience certain unfavourable trends as alternatives to automotive fasteners develop. Additionally, little to no product distinction has been achieved due to the increased market rivalry. These limitations are what are slowing the market's expansion.

US Car Rental Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 21 billion

Largest Segment

Threaded (Nuts Screws, Rivets, Studs)

Fastest Growth

Threaded (Nuts Screws, Rivets, Studs)

Growth Rate

1.9% CAGR

Global Automotive Fasteners Market ($ Bn)
Country Share for North America Region (%)
Global Automotive Fasteners Market By Application ($ Bn)
Global Automotive Fasteners Market By Application (%)

To get more reports on the above market click here to Buy The Report

Automotive Fasteners Market Segmental Analysis

Global Automotive Fasteners Market is segmented based on the Product, Application, Characteristics, Material, Electric Vehicle Type, Vehicle Type, Distribution, and region. Based on Product the market is segmented into Threaded (Nuts Screws, Rivets, Studs), Non-threaded (Snap rings, Clip). Based on the Application, it is segmented into Engine, Chassis, Transmission, Steering, Front/rear Axle, Interior Trim, Wire Harnessing, Others. Based on the Characteristics, it is segmented into Removable Fasteners, Permanent Fasteners, Semi-permanent Fasteners. Based on the Material, it is segmented into Stainless Steel, Bronze, Iron, Nickel, Aluminium, Brass, Plastic. Based on the Electric Vehicle Type, it is segmented into Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV). Based on the Vehicle Type, it is segmented into Passenger Car (Hatchback, Sedan, Luxury), Light Commercial Vehicle, Heavy Commercial Vehicle. Based on the Distribution channel, it is segmented into Automotive OEM, Aftermarket. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Automotive Fasteners Market Analysis by Product Type

The threaded market segment held a 66% sales share in the automotive fasteners industry. Threaded automotive fasteners are bolts that have nuts on both ends and a head on one end. Most often, a hole is used to insert these fasteners, and nuts are used to secure them. In 2021, the automotive fasteners market will increase at its quickest rate in the non-threaded segment. The lack of internal threading in the non-threaded fasteners prevents it from being joined to other components. These fasteners exhibit the many techniques for securing mechanical components.

Automotive Fasteners Market Analysis by Material

The automotive fasteners industry was largely controlled by plastic in 2021. In order to manufacture the plastic fasteners, it is necessary to take into account their thermal, optical, environmental, and electrical properties. Contrarily, it is anticipated that the stainless-steel segment will expand at the fastest rate during the next few years. The most frequently utilised material for automotive fasteners, depending on the usage, is stainless steel.

Global Automotive Fasteners Market By Application, 2023 (%)

To get detailed analysis on other segments, Request For Free Sample Report

Automotive Fasteners Market Regional Insights

The fastest rate of growth is anticipated in North America during the forecast period. The requirement for replacement parts increases as more automobiles are put on the road. Additionally, this region is able to support the growth of automotive fasteners due to the existence of significant automotive and car manufacturers as well as the accessibility of cutting-edge technologies.

With increasing auto sales in regions like New Zealand, Australia, India, China, Japan, South Korea, and Indonesia, Asia-Pacific is predicted to open up opportunities for the fasteners market. The increased demand for vehicles with better safety and fuel efficiency is driving growth in the automotive fasteners market. The region has also seen technological improvements in the production of lightweight and long-lasting goods as a result of government restrictions for lightweight automobiles. The demand for automotive fasteners is being held back over the projection period by the high cost and low awareness of automotive components.

Global Automotive Fasteners Market By Region, 2024-2031
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Automotive Fasteners Market Dynamics

Automotive Fasteners Market Drivers

Demand for Stainless Steel for Automotive Manufacturing will Bolster Market Demand

  • The benefits of automobiles and public transportation as answers to our increasing mobility needs have come under more attention as a result of changing lifestyles and the expansion of the service sector. When choosing a material for a technical solution, social, economic, and environmental factors are taken into account. The development of electric vehicles has seen significant investment from the automobile industry. The usage of electric vehicles to minimise fuel consumption and conserve foreign exchange reserves is being promoted by numerous governments from various nations and regulatory organisations globally. Electric mobility is the best option for short- and medium-distance individual transportation because it provides high levels of comfort, is simple to operate, and does away with the need for a conventional vehicle.

Automotive Fasteners Market Restraints

High Capital Requirements to Hinder Market Growth

  • The mechanical or electrical systems in automobiles are intricate. Their creation and maintenance are labour and capital-intensive due to the hundreds of moving parts they contain. Automotive fasteners make sure that the auto vehicle is in one state without any imbalances in various attached components/parts for optimum seasonal performance.

Request Free Customization of this report to help us to meet your business objectives.

Automotive Fasteners Market Competitive Landscape

The global automotive fasteners market is made up of a variety of international and local service providers who are constantly developing to strengthen their market position. The growing demand for stainless steel for the manufacture of automobiles and the rising sales of electric cars are the main drivers of market expansion. However, it is anticipated that during the projection period, high capital needs may restrain market expansion. To maintain their market position on a global scale, automobile fastener manufacturers compete on the basis of product technology, efficacy, and reliability. In order to hold their market share and acquire a competitive edge, automotive fastener producers must offer goods or services that meet the demands of the sector, those of their clients, and cutting-edge technology. Vendors are concentrating on advancing their technologies, their products, and their expansion into developing nations.

Automotive Fasteners Market Top Player's Company Profiles

  • Illinois Tool Works Inc.
  • Araymond
  • Bulten AB
  • Shanghai Prime Machinery Co. Ltd.
  • Bollhoff Group
  • Stanley Black & Decker, Inc.
  • Fontana Gruppo S.r.l.
  • Meidoh Co., Ltd.
  • KAMAX Holding GmbH & Co. KG
  • Westfield Fasteners Limited
  • STANLEY Engineered Fastening
  • Acument Global Technologies Inc.
  • LISI Group
  • Nippon Industrial Fasteners Company
  • Meira Oy
  • Sundram Fasteners Limited
  • Shanghai Nanshi Fastener Co., Ltd.
  • MW Industries, Inc.
  • Shenzhen Jingbang Hardware Electronic Co., Ltd.
  • Würth Group

Automotive Fasteners Market Recent Developments

  • In April 2022, the purchase of Rosersberg, Sweden-based J-KEM International ("J-KEM") by Atotech Deutschland GmbH has been announced. The printed circuit board and general metal finishing industries use high-quality chemical materials and techniques from J-KEM, a market leader on a global scale. Atotech has been able to expand its market and fuel its growth in the foreseeable future thanks to J-strong KEM's customer contacts and technological capabilities.
  • In July 2022, through its subsidiary PSM Fasteners Taiwan Ltd., Bulten AB officially opened a new production plant in Taipei, Taiwan. Through this advancement, the business improved its standing as a leading global provider of fastener solutions and established frameworks for controlling upcoming expansion.

Automotive Fasteners Key Market Trends

  • The market's dominant segment in the threaded fastener category, and this trend is expected to continue during the forecast period. Threaded fasteners are unique items of hardware that have either internal or external linings that are commonly referred to as threads. These have numerous uses in the assembling and disassembling of various sections and elements of any vehicle. Bolts, nuts, and washers are the most prevalent types of these fasteners. Nuts will experience the fastest growth among these threaded fasteners, with significant growth projected through 2026. In order to hold many pieces together, nuts are often used in conjunction with bolts and washers on vehicles. By grouping their inner linings, these fasteners stay and connect together. Moreover, during the forecasted period, the increased demand for light-weight automobiles would present profitable prospects for market participants. Additionally, as manufacturers switch from using standard fasteners to using customised fasteners, this new development will increase market demand.

Automotive Fasteners Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global automotive fasteners market analysis, Automotive fasteners are mechanical parts that link or connect two or more joints and parts of a vehicle. The materials used to create fasteners include stainless steel, nickel, aluminium, and other metals. The usage of lightweight components in vehicles is estimated to expand due to the increased demand for lightweight automobiles brought on by the implementation of strict emission rules around the world, which is anticipated to drive the worldwide automotive fasteners market. The growth of small and medium-sized businesses engaged in the manufacture of automotive parts across the globe is anticipated to drive the market for automotive fasteners.

Report Metric Details
Market size value in 2023 USD 21 billion
Market size value in 2031 USD 24.88 billion
Growth Rate 1.9%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Threaded (Nuts Screws, Rivets, Studs), Non-threaded (Snap rings, Clip)
  • Application
    • Engine, Chassis, Transmission, Steering, Front/rear Axle, Interior Trim, Wire Harnessing, Others
  • Characteristics
    • Removable Fasteners, Permanent Fasteners, Semi-permanent Fasteners
  • Material
    • Stainless Steel, Bronze, Iron, Nickel, Aluminium, Brass, Plastic
  • Electric Vehicle Type
    • Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV)
  • Vehicle Type
    • Passenger Car (Hatchback, Sedan, Luxury), Light Commercial Vehicle, Heavy Commercial Vehicle
  • Distribution channel
    • Automotive OEM, Aftermarket
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Illinois Tool Works Inc.
  • Araymond
  • Bulten AB
  • Shanghai Prime Machinery Co. Ltd.
  • Bollhoff Group
  • Stanley Black & Decker, Inc.
  • Fontana Gruppo S.r.l.
  • Meidoh Co., Ltd.
  • KAMAX Holding GmbH & Co. KG
  • Westfield Fasteners Limited
  • STANLEY Engineered Fastening
  • Acument Global Technologies Inc.
  • LISI Group
  • Nippon Industrial Fasteners Company
  • Meira Oy
  • Sundram Fasteners Limited
  • Shanghai Nanshi Fastener Co., Ltd.
  • MW Industries, Inc.
  • Shenzhen Jingbang Hardware Electronic Co., Ltd.
  • Würth Group
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Automotive Fasteners Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Automotive Fasteners Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Automotive Fasteners Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Fasteners Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Fasteners Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Automotive Fasteners Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Automotive Fasteners Market size was valued at USD 21 billion in 2019 and is poised to grow from USD 21.4 billion in 2023 to USD 24.88 billion by 2031, growing at a CAGR of 1.9% in the forecast period (2024-2031).

The automotive fasteners market is made up of a variety of international and local service providers who are constantly developing to strengthen their market position. The growing demand for stainless steel for the manufacture of automobiles and the rising sales of electric cars are the main drivers of market expansion. However, it is anticipated that during the projection period, high capital needs may restrain market expansion. To maintain their market position on a scale, automobile fastener manufacturers compete on the basis of product technology, efficacy, and reliability. In order to hold their market share and acquire a competitive edge, automotive fastener producers must offer goods or services that meet the demands of the sector, those of their clients, and cutting-edge technology. Vendors are concentrating on advancing their technologies, their products, and their expansion into developing nations. 'Illinois Tool Works Inc.', 'Araymond', 'Bulten AB', 'Shanghai Prime Machinery Co. Ltd.', 'Bollhoff Group', 'Stanley Black & Decker, Inc.', 'Fontana Gruppo S.r.l.', 'Meidoh Co., Ltd.', 'KAMAX Holding GmbH & Co. KG', 'Westfield Fasteners Limited', 'STANLEY Engineered Fastening', 'Acument Technologies Inc.', 'LISI Group', 'Nippon Industrial Fasteners Company', 'Meira Oy', 'Sundram Fasteners Limited', 'Shanghai Nanshi Fastener Co., Ltd.', 'MW Industries, Inc.', 'Shenzhen Jingbang Hardware Electronic Co., Ltd.', 'Würth Group'

The benefits of automobiles and public transportation as answers to our increasing mobility needs have come under more attention as a result of changing lifestyles and the expansion of the service sector. When choosing a material for a technical solution, social, economic, and environmental factors are taken into account. The development of electric vehicles has seen significant investment from the automobile industry. The usage of electric vehicles to minimise fuel consumption and conserve foreign exchange reserves is being promoted by numerous governments from various nations and regulatory organisations globally. Electric mobility is the best option for short- and medium-distance individual transportation because it provides high levels of comfort, is simple to operate, and does away with the need for a conventional vehicle.

The market's dominant segment in the threaded fastener category, and this trend is expected to continue during the forecast period. Threaded fasteners are unique items of hardware that have either internal or external linings that are commonly referred to as threads. These have numerous uses in the assembling and disassembling of various sections and elements of any vehicle. Bolts, nuts, and washers are the most prevalent types of these fasteners. Nuts will experience the fastest growth among these threaded fasteners, with significant growth projected through 2026. In order to hold many pieces together, nuts are often used in conjunction with bolts and washers on vehicles. By grouping their inner linings, these fasteners stay and connect together. Moreover, during the forecasted period, the increased demand for light-weight automobiles would present profitable prospects for market participants. Additionally, as manufacturers switch from using standard fasteners to using customised fasteners, this new development will increase market demand.

The fastest rate of growth is anticipated in North America during the forecast period. The requirement for replacement parts increases as more automobiles are put on the road. Additionally, this region is able to support the growth of automotive fasteners due to the existence of significant automotive and car manufacturers as well as the accessibility of cutting-edge technologies.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Automotive Fasteners Market

Product ID: SQMIG15B2031

$5,300
BUY NOW GET FREE SAMPLE