Automotive Fasteners Market to Reach USD 28.7B by 2030: Key Insights & Drivers

Fasteners might be small, but their role in vehicle assembly, performance, safety, and durability is huge. The global automotive fasteners market is valued at USD 25.1 billion in 2024 and is forecasted to reach USD 28.7 billion by 2030. This reflects a CAGR of around 1.9-2.2% over 2025-2030.

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Drivers

• Electric & lightweight vehicle design: As EVs displace ICE vehicles in many markets, demands for specialized fasteners in battery assembly, high voltage components, lightweight materials rise. OEMs must carefully choose fasteners that meet mechanical, thermal, electrical, and corrosion requirements.

• Strict safety & regulatory standards: Crashworthiness, body stiffness, durability, environmental exposure (corrosion, vibration) impose tight requirements on fasteners. High-strength fasteners, better coatings, precise thread tolerances are needed.

• Customization, modularization & styling: More vehicle platforms are modular, more body styles, more aftermarket / accessories – all increase fastener variety, quantity, and complexity. Custom trim pieces, interior assemblies, etc., require specific fasteners.

• Rising vehicle production in emerging markets: Asia-Pacific leads, but growth in countries like India, Southeast Asia, Latin America means more demand. Cost pressures and local manufacturing also shape fastener choices.

Trends

• Plastic/composite fasteners gaining share: Though metals are still dominant, plastic or composite fasteners are increasingly used where weight savings, corrosion resistance, or design flexibility are needed.

• Enhanced coatings & surface treatments: To resist corrosion, improve fatigue life, reduce weight, there’s increasing use of specialized coatings (epoxy, zinc, etc.), as well as treatments that improve performance in harsh environments.

• Greater demand from EV / battery components: EVs require robust fasteners for battery modules, pack enclosures, thermal management, wiring. These often need special materials, designs, insulation, etc.

• Body-in-White remains critical, but other applications growing: While BIW is still the biggest user of fasteners, demand from interior, interiors/exteriors, chassis, engine & powertrain etc. is also rising with complexity and features.

Conclusion

The automotive fasteners market is one of essential, foundational markets in automotive supply chain. While its projected growth is moderate (from USD 25.1B in 2024 to nearly USD 28.7B by 2030), there's ample opportunity in servicing evolving demands: EVs, lightweight materials, higher safety standards, new applications (battery, interior, exterior styling).

To capture value, companies should focus on innovation (materials, coatings), quality and reliability, meeting standards, cost efficiency, supply chain localization (especially in Asia-Pacific), and creating fastener solutions tailored to evolving automotive architectures. Those who can anticipate requirements from EVs, customize for weight/safety/assembly ease, and maintain cost competitiveness are likely to lead in this relatively stable but critical sector.