Automotive Fastener/Connector Market By Product Type (Threaded, Non-Threaded) , By Characteristics (Removable Fasteners, Permanent Fasteners, Semi-Permanent Fasteners) By Material (Stainless Steel, Brass, Nickle, Aluminum, Plastic, Iron, Bronze) By Vehicl

Automotive Fastener/Connector Market By Product Type (Threaded, Non-Threaded) , By Characteristics (Removable Fasteners, Permanent Fasteners, Semi-Permanent Fasteners) By Material (Stainless Steel, Brass, Nickle, Aluminum, Plastic, Iron, Bronze) By Vehicle Type (Passenger Car, Commercial Vehicle) : Global Opportunity Analysis and Industry Forecast, 2024-2033

Automotive Fastener/Connector Market
The automotive fastener/connector market was valued at $34.2 billion in 2023 and is projected to reach $52.1 billion by 2033, growing at a CAGR of 4.4% from 2024 to 2033.
Automotive fastener/connector is a mechanical element which connects and secures different components of vehicles. Several vehicle components, including chassis, body panels, engine, suspension, transmission, and interior components utilize automotive fastener/connector. The various types of automotive fasteners include nuts, screws, bolts, blind-threaded inserts, studs, washers, clips, clamps, and springs. The primary function of these elements is to create non-permanent joints which are easy to remove or dismantle, without causing severe damage to the vehicle components.
Surge in vehicle production and increase in lightweight vehicle manufacturing are the major drivers of the automotive fastener/connector market. Surge in the number of vehicles boosts the requirement for afterparts and replacements, thereby raising the demand for fasteners & connectors. With increasing popularity of electric vehicles, electric fasteners are trending in the market. These are specialized elements that prevent electrical failures and have the ability to withstand high-voltage environments. Moreover, with the surging trend of sustainability, manufacturers are exploring methods to manufacture sustainable fasteners/connectors, along with innovative ways for their disposal.
However, high volatility in the prices of raw materials disrupt the supply chain and bring uncertainty in the automotive fastener/connector market. Moreover, the efficacy and reliability of vehicles depends on these elements, thereby pressurizing the manufacturers to ensure the quality & dimensions and eliminate defects. On the contrary, the adoption of innovative technologies for the manufacturing of automotive fasteners/connectors is opening new avenues for market expansion. For instance, additive manufacturing helps manufacturers generate complex geometries and customized sizes in quickly and cost-effectively.

Segment Review

The automotive fastener/connector market is segmented into product type, characteristics, material, vehicle type, and region. On the basis of product type, the market is bifurcated into threaded and non-threaded. By characteristics, it is divided into removable fasteners, permanent fasteners, and semi-permanent fasteners. As per material, it is classified into stainless steel, brass, nickle, aluminum, plastic, iron, and bronze. Depending on vehicle type, it is categorized into passenger car and commercial vehicle. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of product type, the threaded segment is expected to dominate the automotive fastener/connector market.
By characteristics, the removable fasteners segment is projected to acquire a high market share.
As per material, the stainless steel segment is anticipated to lead the market.
Depending on vehicle type, the passenger car segment is predicted to be the highest shareholder during the forecast period.
Region wise, Asia-Pacific is expected to be the highest revenue generator by 2033.

Competition Analysis

The major players operating in the global automotive fastener/connector market include Maclean Fogg, TR Fastenings, Kamax Holding GmBH & Co., Bollhoff Group, Sundaram Fasteners, Meidoh Co. Ltd., Wurth Group, Boltun Corporation, Nipman Fasteners, and SFS Group AG. These players have adopted various key developmental strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the market.

Key Market Segments

By Product Type

Threaded
Non-Threaded

By Characteristics

Removable Fasteners
Permanent Fasteners
Semi-Permanent Fasteners

By Material

Stainless Steel
Brass
Nickle
Aluminum
Plastic
Iron
Bronze

By Vehicle Type

Passenger Car
Commercial Vehicle

By Region

North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Thailand
Malaysia
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Argentina
Rest of LAMEA
Key Market Players
Maclean Fogg
TR Fastenings
Kamax Holding GmbH & Co.
Bollhoff Group
Sundaram Fasteners
Meidoh Co. Ltd.
Wurth Group
Boltun Corporation
Nipman Fasteners
SFS Group AG
Berkshire Hathaway Inc.
Illinois Tool Works Inc.
Sterling Tools Limited
Westfield Fasteners Limited
Shanghai Prime Machinery Company Limited
Kova Fasteners, Private Limited
The Philips Screw Company
Stanley Black & Decker
Lisi Group