Automotive Fastener Market by Product Type (Threaded), by Fastener Type (Nuts, Bolts), by Material (Aluminum, Iron), by Classification (Permanent), by Application (Engine), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2019 to 2027)

Automotive Fastener Market Size, Share, Trends, Growth, Analysis, Research


The Global Automotive Fastener Market is projected to reach around USD 32.5 billion by 2027 at a CAGR of around 4.4%.

A fastener is a mechanical device that is used to join or hold two or more objects and parts in the vehicle. The main function is to avoid separation and to connect the vehicle parts and prevent leakage. Materials such as stainless steel, iron, aluminum, brass, nickel, plastic, and others are used to make automotive fasteners. They are classified into three categories such as permanent, semi-permanent and non-permanent fasteners. To improve the corrosion resistance for metal fasteners and leakage in joints, variety of coatings are used such as cadmium, zinc, chromate, bluing, and phosphate.


Market Driver:

  • Rise in Demand of Electronic Systems

Electrification is growing in the automotive industry as manufacturers are focusing more on developing innovative solutions which provide better connectivity solution. The rise in demand for electric and autonomous vehicles has boosted the demand for electronic systems which needs a vast set of fasteners for qualitative manufacturing. Fasteners play an important role in electric vehicles (EV) as they are used in EV battery casing, charging units, infrastructure equipment, in-car entertainment systems, and others.  

Thus, the rise in demand for electronic systems is expected to drive the automotive fastener market growth during the forecast period.


  • Increasing Demand for Lightweight Vehicles

Automotive manufacturers are focusing on designing small and compact engines that will result in an overall weight reduction of vehicles and will also help to reduce CO2 emission and increase fuel efficiency.  This provides an opportunity for fastener manufacturers to develop complex, specially engineered fasteners, and fasteners made from materials such as aluminum and magnesium which are lighter and can maintain the performance and quality under high heat levels.

Thus, increasing demand for lightweight vehicles is anticipated to boost the market growth during the forecast period.


Market Restraint:

  • Use of Adhesives as an Alternative for Mechanical Fastener

Adhesive fastener is replacing the traditional methods used such as bolts, nuts, rivets, welds, screws and other mechanical fasteners for joining parts in the vehicle. Using adhesive fastener benefits manufacturers in a reduction of assembly time needed by labor reduces material and production cost. Additionally, it provides easy disassembling of parts. For instance, the BONDMASTER company has designed a line of structural bonding adhesives that can replace rivets, screws, and welding. Materials like stainless steel, aluminum, copper, brass as well as combinations of metals and other substrates, including glass and plastics can be bonded with these adhesives.

Thus, the use of adhesives as an alternative for mechanical fasteners is a restraining factor for automotive Fastener market growth during the forecast period.


Automotive Fastener market: Key segments

  • Based on Product Type: Threaded Fastener and Non-Threaded Fastener.
  • Based on Fastener Type: Nuts, Bolts & Screws, Washers, Rivets, Concrete Anchors, Inserts, Threaded Rod, Retaining Rings and Others.
  • Based on Material: Stainless Steel, Aluminum, Iron, Nickel, Brass, Bronze, Plastic and Others.
  • Based on Classification: Permanent Fastener, Semi-Permanent Fastener and Non-Permanent Fastener.
  • Based on Application: Engine, Chassis, Interior Trim, Steering, Automotive Electronics, Front/Rear Axle, Transmission, and Others.
  • Based on Region Covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.


Automotive Fastener MARKET: Report SCOPE

The report on the automotive Fastener market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.



Report Features


Historical/Estimated/Forecasted Market Size Years


Base Year for Market Calculation


Forecasted Period

2020-2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million), Volume (Units)

Segments Included

 Product Type, Fastener Type, Material, Classification, and Application

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South Africa

KEY Companies Covered

  • THE PHILLIPS SCREW COMPANY (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Shanghai Prime Machinery Co.,Ltd.
  • Bulten AB
  • Stanley Black & Decker, Inc.
  • SFS Group
  • Sundram Fasteners Limited
  • Adolf Würth GmbH & Co. KG
  • Westfield Fasteners Limited
  • Fontana Finanziaria S.p.A.,
  • Other Key Companies


Automotive Fastener MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research


Automotive Fastener Market, by Product Type

  • Threaded Fastener
  • Non-Threaded Fastener

Automotive Fastener Market, by Fastener Type

  • Nuts
  • Bolts & Screws
  • Washers
  • Rivets
  • Concrete Anchors
  • Inserts
  • Threaded Rod
  • Retaining Rings
  • Others

Automotive Fastener Market, by Material

  • Stainless Steel
  • Aluminum
  • Iron
  • Nickel
  • Brass
  • Bronze
  • Plastic
  • Others


Automotive Fastener Market, by Classification

  • Permanent Fastener
  • Semi-Permanent Fastener
  • Non-Permanent Fastener


Automotive Fastener Market, by Application

  • Engine
  • Chassis
  • Interior Trim
  • Steering
  • Automotive Electronics
  • Front/Rear Axle
  • Transmission
  • Others


Automotive Fastener Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Norway
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America


Key Questions answered by the report

  • What are the prominent developments affecting the market globally and its growth?
  • What will be the impact of the developments in the market on the industry and the market players in the future?
  • What are the evolving variations of the market worldwide?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the world?
  • How are the key players leveraging in the present market scenario globally?

Report Audience

  • Automotive Fastener Market Providers
  • Automotive Fastener Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Automotive Fastener Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms


    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
    1. Introduction
    2. Drivers
      1. Rise in Demand of Electronic Systems
      2. Increasing Demand for Lightweight Vehicles
    3. Restraint
      1. Use of Adhesives as an Alternative for Mechanical Fasteners 
    4. Opportunities
      1. Growing Adoption of Electric, Autonomous, and Semi-Autonomous Vehicles
    5. Challenges
      1. Corrosion of Metals Used
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. AUTOMOTIVE FASTENER MARKET BY PRODUCT TYPE, Market Size in USD Million and Units (2019-2027)
    1. Introduction
    2. Threaded Fastener
    3. Non-Threaded Fastener
  7. AUTOMOTIVE FASTENER MARKET BY FASTENER TYPE, Market Size in USD Million and Units (2019-2027)
    1. Introduction
    2. Nuts
    3. Bolts & Screws
    4. Washers
    5. Rivets
    6. Concrete Anchors
    7. Inserts
    8. Threaded Rod
    9. Retaining Rings
    10. Others
  8. AUTOMOTIVE FASTENER MARKET BY MATERIAL, Market Size in USD Million and Units (2019-2027)
    1. Introduction
    2. Stainless Steel
    3. Aluminum
    4. Iron
    5. Nickel
    6. Brass
    7. Bronze
    8. Plastic
    9. Others
  9. AUTOMOTIVE FASTENER MARKET BY CLASSIFICATION, Market Size in USD Million and Units (2019-2027)
    1. Introduction
    2. Permanent Fastener
    3. Semi-Permanent Fastener
    4. Non-Permanent Fastener
  10. AUTOMOTIVE FASTENER MARKET BY APPLICATION, Market Size in USD Million and Units (2019-2027)
    1. Introduction
    2. Engine
    3. Chassis
    4. Interior Trim
    5. Steering
    6. Automotive Electronics
    7. Front/Rear Axle
    8. Transmission
    9. Others


  1. AUTOMOTIVE FASTENER MARKET BY REGION, Market Size in USD Million and Units (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Norway
      7. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Shanghai Prime Machinery Co.,Ltd.
    3. Bulten AB
    4. Stanley Black & Decker, Inc.
    5. SFS Group
    6. MEIDOH Co.,LTD.
    7. Sundram Fasteners Limited
    8. Adolf Würth GmbH & Co. KG
    9. Westfield Fasteners Limited
    10. Fontana Finanziaria S.p.A.,
    11. Other Key Companies
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain


Rep Id : AT 054

Published : February, 2020


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