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Pulished Date January, 2021
ID: 10754
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Automotive Fastener Market Segmentation by Product (Threaded, Non-Threaded), By Application (Engine, Chassis, Transmission, Steering, Front/ Rear Axle, Interior Trim, Others), By Characteristics (Removable Fasteners, Permanent Fasteners, Semi-Permanent Fasteners), By Material type (Stainless Steel, Iron, Bronze, Nickel, Aluminium, Brass, Plastic), By Vehicle Type (PC, LCV, HCV), By Electric vehicle type (BEV, HEV, PHEV) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: January, 2021
ID: 10754
Pages: 175

Product Description:

The mechanical parts that allow two or more parts of a vehicle to be joined together are called automotive fasteners. These products do not adhere permanently, which allows mounting or dismounting of vehicle parts without damaging any parts. Various coatings are used to prevent oscillation and seal leakage. The ease of replacement of vehicle fasteners makes it much more useful for end-user buyers to obtain fasteners for their vehicles. Additionally, the increasing demand for vehicle weight reduction and stability will drive the lean towards automotive fasteners over welding, creating growth opportunities for the market.

Market Overview:

The global automotive fasteners market was valued at USD 20.04 billion in 2017 and is expected to reach USD 25.30 billion in 2025, with a CAGR of 2.39% during the forecast period. The global market is expected to experience significant growth in the coming years, due to the shift in focus towards light duty vehicles and the increased use of electronic products such as automobile computers, ignition systems, in-car entertainment systems, and in-car telematics. Furthermore, high automobile production in the world's major economies is also expected to benefit the market during the forecast period. Additionally, the development of better quality materials and advanced automotive technologies that result in more advanced automotive fasteners is certainly driving the market.

Recent Developments:

  • Atotech recently introduced Tridur ZnNi H5.2 to the electroplating market: a black passivate, which is applicable to alkaline and acid zinc-nickel surfaces.
  • Millions, if not billions, of bindings are produced and sold every day around the world. Designed to meet the changing needs of manufacturers, these integral components of our cars, refrigerators, computers and phones are the pillars of our modern existence, without which our life in the 21st century would literally collapse.

Drivers and Restraints of Automotive Fastener Market:


The increase in car production in the world, coupled with a high demand for fuel efficient vehicles, especially in emerging economies, is the main driver of the growth of the global automotive fasteners market. The demand for passenger cars has increased in recent years, due to increased spending capacity by end users and rising urbanization around the world. In 2017, around 70 million passenger cars were sold worldwide, an increase of around 2% compared to 2016. This growing number of motor vehicles is a growth engine for the market. Additionally, the easy fastener replacement makes it convenient for end users, which is expected to further boost the automotive fasteners aftermarket.


The availability of substitutes such as welding and riveting is the main challenge for the growth of the global automotive fastener market. Furthermore, a factor such as the increase in layoffs of unibody car frames is supposed to affect the progress of the market.

Market Segmentation:

By Application

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

Automakers are now focusing on the use of lightweight fasteners in key application areas to reduce vehicle weight. Automakers are primarily focusing on interior trim where the use of plastic and aluminum fasteners is increasing to reduce weight, which will increase the need for fasteners.

By Product

  • Threaded
  • Non-Threaded

At present, threaded fasteners, which have internal and external threads and are used for both mounting and dismounting, are experiencing increasing demand in the automotive fastener market. Threaded fasteners, in addition to being made of screws that testify to maximum uptake, also consist of nuts, rivets and studs.

By Characteristics

  • Removable Fasteners
  • Permanent Fasteners
  • Semi-Permanent Fasteners

By Material Type

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

Among them, the plastic fasteners are expected to experience significant growth in the coming years, mainly due to the increasing demand for light vehicles to improve fuel efficiency. The weight of the vehicle will be reduced by decreasing the use of metals such as iron and stainless steel. This will increase the use of lightweight materials, such as plastic, which in turn will drive the demand for plastic fasteners.

By Vehicle Type

  • Passenger Car (PC)
  • Light Commercial Vehicle (LCV)
  • Heavy Commercial Vehicle (HCV)

Growing demand for lightweight fasteners, government mandates for fuel economy and emission reduction, and rising per capita income are the factors fueling demand for passenger cars in developing countries like China and India. Passenger car production has seen strong growth in developing countries. Developed countries in Europe and North America have strong demand for SUVs and premium cars, which will further drive demand from the passenger car segment. Furthermore, the demand for premium vehicles in India and China has also seen an upward trend in the market in recent years. These factors have driven the global market demand for fasteners in the passenger car segment.

By Electric Vehicle Type

  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle (HEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)

Automotive Fastener Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

Asia-Pacific is estimated to be the largest contributor to the global automotive fastener market demand, with a CAGR of more than 5% over the forecast period. The market growth is attributed to increased vehicle production and augmented sales of vehicle fasteners in the aftermarket. Japan, China and India are booming in the market due to the presence of automotive giants such as Toyota, Suzuki, Mahindra & Mahindra, Isuzu, Dongfeng, SAIC Motor and TATA Motors. Additionally, new government guidelines for the use of light-weight vehicles have led to improvements in technologies to produce durable and lightweight components in the region. Besides, automakers are increasingly interested in standard components for custom components which are expected to increase the demand for custom fasteners in the APAC area.

Key Players of Market:

Some of the prominent players in the automotive fasteners market are The Phillips Screw Company, Permanent Technologies, Inc., Fastener Technology, Atotech, Shanghai Tianbao Fastener Manufacturing Co., Ltd., Shamrock International, Stanley Engineered Fastening, Acument Global Technologies, Jiangsu Xing Chang Jiang International Co., Ltd., Nifco Inc., KOVA Fasteners Pvt Ltd., Bulten AB, Westfield Fasteners Limited, APL, and Birmingham Fastener and Supply Inc.


The automotive fastener market is expected to grow with a steady rate in the coronavirus period. The report also provides the market impact and new opportunities created due to the coronavirus pandemic. We expect the impact to be significant in the first quarter, but gradually diminish over the following quarters, with limited impact on economic growth for the full year.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Automotive Fastener Market, By Product              

                    6.1.1 Threaded       

                    6.1.2 Non-Threaded         

                    6.1.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 Automotive Fastener Market, By Application                   

                    6.2.1 Engine

                    6.2.2 Chassis         

                    6.2.3 Transmission

                    6.2.4 Steering        

                    6.2.5 Front/Rear Axle       

                    6.2.6 Interior Trim  

                    6.2.7 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.8 Y-o-Y Growth Rate Analysis         

                    6.2.9 Market Attractiveness Index         

          6.3 Automotive Fastener Market, By Characteristics              

                    6.3.1 Removable Fasteners         

                    6.3.2 Permanent Fasteners         

                    6.3.3 Semi-Permanent Fasteners

                    6.3.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.5 Y-o-Y Growth Rate Analysis         

                    6.3.6 Market Attractiveness Index         

          6.4 Automotive Fastener Market, By Material Type               

                    6.4.1 Stainless Steel         

                    6.4.2 Iron    

                    6.4.3 Bronze

                    6.4.4 Nickel

                    6.4.5 Aluminum     

                    6.4.6 Brass   

                    6.4.7 Plastic

                    6.4.8 Market Size Estimations & Forecasts (2021-2026)        

                    6.4.9 Y-o-Y Growth Rate Analysis         

                    6.4.10 Market Attractiveness Index       

          6.5 Automotive Fastener Market, By Vehicle Type                 

                    6.5.1 Passenger Car (PC)   

                    6.5.2 Light Commercial Vehicle (LCV)    

                    6.5.3 Heavy Commercial Vehicle (HCV)  

                    6.5.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.5.5 Y-o-Y Growth Rate Analysis         

                    6.5.6 Market Attractiveness Index         

          6.6 Automotive Fastener Market, By Electric Vehicle Type               

                    6.6.1 Battery Electric Vehicle (BEV)        

                    6.6.2 Hybrid Electric Vehicle (HEV)        

                    6.6.3 Plug-in Hybrid Electric Vehicle (PHEV)     

                    6.6.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.6.5 Y-o-Y Growth Rate Analysis         

                    6.6.6 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     



                    7.2.2 By Product     

                    7.2.3 By Application

                    7.2.4 By Characteristics     

                    7.2.5 By Material Type      

                    7.2.6 By Vehicle Type        

                    7.2.7 By Electric Vehicle Type      

          7.3 Europe             

                    7.3.1 By Country     






                     Rest of Europe

                    7.3.2 By Product     

                    7.3.3 By Application

                    7.3.4 By Characteristics     

                    7.3.5 By Material Type      

                    7.3.6 By Vehicle Type        

                    7.3.7 By Electric Vehicle Type      

          7.4 Asia Pacific                 

                    7.4.1 By Country     




                     South Korea

                     South East Asia

                     Australia & NZ

                     Rest of Asia-Pacific

                    7.4.2 By Product     

                    7.4.3 By Application

                    7.4.4 By Characteristics     

                    7.4.5 By Material Type      

                    7.4.6 By Vehicle Type        

                    7.4.7 By Electric Vehicle Type      

          7.5 Latin America             

                    7.5.1 By Country     




                     Rest of Latin America

                    7.5.2 By Product     

                    7.5.3 By Application

                    7.5.4 By Characteristics     

                    7.5.5 By Material Type      

                    7.5.6 By Vehicle Type        

                    7.5.7 By Electric Vehicle Type      

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                     Middle East


                    7.6.2 By Product     

                    7.6.3 By Application

                    7.6.4 By Characteristics     

                    7.6.5 By Material Type      

                    7.6.6 By Vehicle Type        

                    7.6.7 By Electric Vehicle Type      

8. Key Player Analysis                           

          8.1 The Phillips Screw Company            

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Atotech            

          8.3 Shanghai Tianbao Fastener Manufacturing Co., Ltd                  

          8.4 Shamrock International                   

          8.5 Stanley Engineered Fastening          

          8.6 Acument Global Technologies                    

          8.7 Jiangsu Xing Chang Jiang International Co., Ltd              

          8.8 Nifco Inc          

          8.9 KOVA Fasteners Pvt Ltd                   

          8.10 Bulten AB                 

9. Market Outlook & Investment Opportunities                     


          List of Tables          

          List of Figures                  

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms By Cutting Systems and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Automotive Fastener Market By Region, From 2021-2026 ( USD Billion )
  2. Global Automotive Fastener Market By Product, From 2021-2026 ( USD Billion )
  3. Global Threaded Market By Region, From 2021-2026 ( USD Billion )
  4. Global Non-Threaded Market By Region, From 2021-2026 ( USD Billion )
  5. Global Automotive Fastener Market By Application, From 2021-2026 ( USD Billion )
  6. Global Engine  Market By Region, From 2021-2026 ( USD Billion )
  7. Global Chassis  Market By Region, From 2021-2026 ( USD Billion )
  8. Global Transmission  Market By Region, From 2021-2026 ( USD Billion )
  9. Global Steering  Market By Region, From 2021-2026 ( USD Billion )
  10. Global Front/Rear Axle  Market By Region, From 2021-2026 ( USD Billion )
  11. Global Interior Trim  Market By Region, From 2021-2026 ( USD Billion )
  12. Global Automotive Fastener Market By Characteristics, From 2021-2026 ( USD Billion )
  13. Global Removable Fasteners  Market By Region, From 2021-2026 ( USD Billion )
  14. Global Permanent Fasteners  Market By Region, From 2021-2026 ( USD Billion )
  15. Global Semi-Permanent Fasteners  Market By Region, From 2021-2026 ( USD Billion )
  16. Global Automotive Fastener Market By Material Type, From 2021-2026 ( USD Billion )
  17. Global Stainless Steel  Market By Region, From 2021-2026 ( USD Billion )
  18. Global Iron  Market By Region, From 2021-2026 ( USD Billion )
  19. Global Bronze  Market By Region, From 2021-2026 ( USD Billion )
  20. Global Nickel  Market By Region, From 2021-2026 ( USD Billion )
  21. Global Aluminum  Market By Region, From 2021-2026 ( USD Billion )
  22. Global Brass  Market By Region, From 2021-2026 ( USD Billion )
  23. Global Plastic  Market By Region, From 2021-2026 ( USD Billion )
  24. Global Automotive Fastener Market By Vehicle Type, From 2021-2026 ( USD Billion )
  25. Global Passenger Car (PC)  Market By Region, From 2021-2026 ( USD Billion )
  26. Global Light Commercial Vehicle (LCV)  Market By Region, From 2021-2026 ( USD Billion )
  27. Global Heavy Commercial Vehicle (HCV)  Market By Region, From 2021-2026 ( USD Billion )
  28. Global Automotive Fastener Market By Electric Vehicle Type, From 2021-2026 ( USD Billion )
  29. Global Battery Electric Vehicle (BEV)  Market By Region, From 2021-2026 ( USD Billion )
  30. Global Hybrid Electric Vehicle (HEV)  Market By Region, From 2021-2026 ( USD Billion )
  31. Global Plug-in Hybrid Electric Vehicle (PHEV)  Market By Region, From 2021-2026 ( USD Billion )

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