• In January 2024, Nedschroef launched a new line of fasteners tailored for electric vehicle powertrains, engineered to endure extreme temperatures and vibrations. These components enhance the durability and efficiency of EV assemblies, supporting long-term performance.

• In May 2022, Stanley Engineered Fastening introduced a series of lightweight automotive fasteners aimed at minimizing the weight of both traditional and electric vehicles. The fasteners maintain structural integrity while contributing to improved fuel efficiency and safety.

In this report, the Automotive Fastener Market has been segmented by Product, Characteristics, Material Type, Vehicle Type, Electric Vehicle Type, Application, and Geography.

Automotive Fastener Market, Segmentation by Product

The Automotive Fastener Market has been segmented by Product into Threaded and Non-Threaded.

Threaded

Threaded fasteners hold a significant share of the automotive fastener market, driven by their widespread use in engine components, chassis, and other structural applications. These fasteners offer high strength and are preferred for their reusability and load-bearing capabilities. Approximately 60% of automotive fasteners used in manufacturing are threaded, making them a vital component in both lightweight and heavy-duty vehicles.

Non-Threaded

Non-threaded fasteners are gaining traction in the automotive sector due to their suitability for applications requiring quick assembly and low weight. These fasteners are especially favored in interior components and electronic assemblies where traditional threaded solutions may not be optimal. Accounting for nearly 40% of the market, non-threaded fasteners are essential for improving manufacturing efficiency and vehicle aesthetics.

Automotive Fastener Market, Segmentation by Characteristics

The Automotive Fastener Market has been segmented by Characteristics into Removable Fasteners, Permanent Fasteners, and Semi-Permanent Fasteners.

Removable Fasteners

Removable fasteners play a crucial role in vehicle design, offering ease of maintenance and part replacement. These fasteners are widely used in areas requiring frequent disassembly, such as engine covers and dashboard assemblies. They represent approximately 45% of the market, emphasizing their importance in promoting serviceability and cost efficiency.

Permanent Fasteners

Permanent fasteners are primarily utilized in structural applications where long-term integrity is critical. These include components like vehicle frames and body panels, where disassembly is either rare or unnecessary. Making up about 35% of the market, permanent fasteners are valued for their durability, vibration resistance, and high load capacity.

Semi-Permanent Fasteners

Semi-permanent fasteners strike a balance between strength and removability, offering secure connections that can be disassembled with specialized tools. They are commonly used in transmission systems and critical engine parts. Representing around 20% of the market, these fasteners are integral for applications where reliability and conditional access are both required.

Automotive Fastener Market, Segmentation by Material Type

The Automotive Fastener Market has been segmented by Material Type into Stainless Steel, Iron, Bronze, Nickel, Aluminum, and Brass.

Stainless Steel

Stainless steel fasteners dominate the market due to their corrosion resistance, strength, and durability. Commonly used in exterior parts and engine components, these fasteners account for nearly 35% of the total market share, making them ideal for harsh environments and long-term use.

Iron

Iron fasteners are known for their high tensile strength and cost-effectiveness, often used in heavy-duty automotive assemblies. They hold around 25% of the market and are favored in applications where weight is less of a concern but structural integrity is vital.

Bronze

Bronze fasteners are valued for their wear resistance and anti-friction properties, particularly in electrical systems and bearing applications. Although they occupy a smaller market share of about 10%, they are essential for specialized, high-performance environments.

Nickel

Nickel fasteners are preferred for their oxidation resistance and thermal stability, especially in high-temperature zones like exhaust systems. They contribute roughly 8% to the market and are used in vehicles with stringent performance requirements.

Aluminum

Aluminum fasteners are widely used for their lightweight nature and corrosion resistance, contributing to fuel efficiency in modern vehicles. Making up about 15% of the market, they are common in body panels and interior fixtures.

Brass

Brass fasteners are chosen for their conductivity and resistance to rust, often used in electrical and decorative applications. Though they represent only around 7% of the market, their aesthetic appeal and functional benefits ensure continued demand.

Automotive Fastener Market, Segmentation by Vehicle Type

The Automotive Fastener Market has been segmented by Vehicle Type into Passenger Car (PC), Light Commercial Vehicle (LCV) and Heavy Commercial Vehicle (HCV).

Passenger Car (PC)

Passenger cars make up the largest segment of the automotive fastener market, accounting for approximately 55% of total demand. These vehicles require a wide variety of fasteners for interior trim, engine parts, and chassis components, with a strong emphasis on lightweight and corrosion-resistant materials to improve fuel efficiency and performance.

Light Commercial Vehicle (LCV)

Light commercial vehicles contribute around 25% of the fastener market. Fasteners in this segment need to balance durability and flexibility due to the dual use of LCVs in both urban delivery and light-duty transport. Emphasis is placed on cost-effective materials and easy maintenance for fleet efficiency.

Heavy Commercial Vehicle (HCV)

Heavy commercial vehicles represent roughly 20% of the market, with a strong demand for fasteners offering high strength, fatigue resistance, and vibration tolerance. These fasteners are critical in axles, engine blocks, and structural frames, where extreme operating conditions demand robust performance.

Automotive Fastener Market, Segmentation by Electric Vehicle Type

The Automotive Fastener Market has been segmented by Electric Vehicle Type into Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV) and Plug-in Hybrid Electric Vehicle (PHEV).

Battery Electric Vehicle (BEV)

Battery Electric Vehicles account for the largest share in the electric vehicle fastener market, comprising nearly 50% of the segment. These vehicles require lightweight, non-conductive, and corrosion-resistant fasteners for use in high-voltage systems and lightweight chassis structures to maximize range and efficiency.

Hybrid Electric Vehicle (HEV)

Hybrid Electric Vehicles make up approximately 30% of the market. Fasteners in HEVs are required to handle both internal combustion engine components and electrified systems, demanding high-performance materials that offer thermal stability and vibration resistance.

Plug-in Hybrid Electric Vehicle (PHEV)

Plug-in Hybrid Electric Vehicles contribute around 20% to the fastener market. These vehicles use a complex mix of mechanical and electrical systems, necessitating versatile fasteners with precision engineering for safety, energy efficiency, and structural integrity across both powertrains.

Automotive Fastener Market, Segmentation by Application

The Automotive Fastener Market has been segmented by Application into Engine, Chassis, Transmission, Steering, Front/Rear Axle, and Interior Trim.

Engine

The engine segment dominates automotive fastener applications, accounting for nearly 30% of total usage. Fasteners used here must withstand high temperatures, vibration, and mechanical stress, making heat-resistant and high-tensile materials essential for securing engine components.

Chassis

Chassis applications represent about 20% of the fastener market. Fasteners in this segment require strength, durability, and vibration resistance to ensure the integrity of the vehicle’s structural framework and crash safety under dynamic conditions.

Transmission

Fasteners for transmission systems contribute approximately 15% to the market. These components demand precision fit, torque resistance, and reliability due to continuous motion and mechanical load, especially in automatic and dual-clutch systems.

Steering

The steering segment makes up around 10% of the fastener market. These fasteners must ensure exact alignment, tight torque tolerance, and long-term reliability in critical components like the steering column and rack-and-pinion systems.

Front/Rear Axle

Axle applications account for roughly 15% of fastener use, focusing on load-bearing strength and fatigue resistance. These fasteners support suspension systems and are vital for managing the stress from varying road conditions and vehicle weight.

Interior Trim

Interior trim fasteners represent about 10% of the market and are typically lightweight, aesthetically pleasing, and easy to install. They are used in dashboards, seats, and panels, contributing to cabin comfort and visual appeal.

Automotive Fastener Market, Segmentation by Geography

In this report, the Automotive Fastener Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Automotive Fastener Market Share (%), by Geographical Region

North America

North America holds a substantial share of the automotive fastener market, accounting for nearly 25% of global demand. The region's strong presence of automotive OEMs, coupled with advances in lightweight vehicle production and EV adoption, fuels consistent demand for high-performance fasteners.

Europe

Europe contributes around 22% of the market, driven by its emphasis on emission regulations, vehicle safety standards, and a robust automotive manufacturing ecosystem. Demand is particularly strong for eco-friendly and precision-engineered fasteners in both traditional and electric vehicles.

Asia Pacific

Asia Pacific dominates the automotive fastener market with a share of approximately 40%, led by countries like China, India, and Japan. The region's massive vehicle production, rising infrastructure development, and growing automotive exports drive significant demand for cost-effective and durable fasteners.

Middle East and Africa

The Middle East and Africa region accounts for about 7% of the market. While relatively smaller, demand is rising due to growing automotive sales, urbanization, and aftermarket service expansion, particularly in Gulf countries and South Africa.

Latin America

Latin America holds roughly 6% of the global market. Countries like Brazil and Mexico contribute to regional demand through OEM production hubs and a developing automotive supply chain, boosting the need for reliable and economical fasteners.

This report provides an in depth analysis of various factors that impact the dynamics of Automotive Fastener Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers:

• Rising Vehicle Production
• Technological Advancements in Automotive Manufacturing

• Increasing Demand for Electric Vehicles (EVs) - Increasing demand for electric vehicles (EVs) is a significant driver of the automotive fastener market, as EVs require a variety of specialized fasteners to support their lightweight structures, battery enclosures, and high-voltage systems. Unlike traditional vehicles, EVs demand non-magnetic, corrosion-resistant, and vibration-dampening fasteners to ensure structural integrity and operational safety. As EV adoption grows, so does the need for custom-designed fastening solutions tailored to electric drivetrains and modular chassis platforms.

  Additionally, EV manufacturers are prioritizing weight reduction and efficiency, which drives the use of aluminum, composites, and other advanced materials—all of which require compatible fasteners with specific mechanical properties. This transition is fueling innovation in fastener design, materials, and coating technologies. As governments push for cleaner mobility and automakers scale EV production, the demand for durable, lightweight, and high-performance fasteners is set to expand, reinforcing their critical role in electric vehicle assembly.

Restraints:

• High Production Costs Intense
• Fluctuations in Raw Material Prices

• Intense Competition and Price Pressure - Intense competition and price pressure are significant restraints on the automotive fastener market, as the industry is highly fragmented with numerous global and regional players offering similar product lines. This saturation leads to aggressive pricing strategies and frequent undercutting, especially in the standardized fastener segment. As a result, profit margins are increasingly squeezed, leaving limited room for investment in R&D, customization, and premium-grade fasteners that meet emerging automotive demands.

  Moreover, OEMs and Tier 1 suppliers continue to push for cost optimization and supplier consolidation, compelling fastener manufacturers to deliver high-quality products at reduced prices. Meeting these expectations while maintaining material quality, strength, and regulatory compliance becomes challenging under such pressure. This environment hinders smaller players from scaling and deters innovation, making it harder for manufacturers to differentiate their offerings and achieve long-term competitiveness in a price-sensitive market.

Opportunities:

• Growing Demand for Lightweight Vehicles
• Rising Demand for High-Performance Fasteners

• Adoption of Smart Manufacturing Technologies - Adoption of smart manufacturing technologies presents a significant opportunity for the automotive fastener market, enabling manufacturers to enhance production efficiency, product quality, and cost competitiveness. With the integration of IoT, automation, robotics, AI, and real-time data analytics, companies can achieve greater precision in fastener design, assembly, and quality control. These innovations help reduce material waste, optimize inventory, and shorten lead times—key advantages in an industry under pressure for both performance and affordability.

  Smart manufacturing also supports the production of customized and lightweight fasteners required for electric and hybrid vehicles, advanced safety systems, and evolving chassis designs. Through digital twins and predictive maintenance, manufacturers can enhance reliability and adapt quickly to changing OEM specifications. As the automotive sector transitions toward Industry 4.0 practices, fastener suppliers that adopt smart technologies will be better positioned to offer value-added solutions and secure long-term partnerships with automakers.