Passenger Car Fasteners - Global Strategic Business Report

The global market for Passenger Car Fasteners was estimated at US$14.4 Billion in 2024 and is projected to reach US$17.2 Billion by 2030, growing at a CAGR of 3.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Passenger Car Fasteners market.

Global Passenger Car Fasteners Market - Key Trends & Drivers Summarized

Why Are Fasteners Indispensable in Passenger Car Manufacturing and Assembly?

Fasteners are critical components in the structural and functional integrity of passenger cars, ensuring secure assembly of parts across the body, powertrain, chassis, interior, and electrical systems. These include bolts, nuts, screws, rivets, washers, clips, and specialty locking devices-each tailored to meet specific torque, load, and vibration resistance requirements. Whether it`s the mounting of engine parts or fastening of safety-critical systems like airbags or suspensions, fasteners directly impact vehicle performance, reliability, and safety.

As vehicle architectures become more complex and lightweighting becomes a key priority, the selection and application of automotive fasteners are evolving. The rising number of electronic components and modular assemblies is also increasing the use of precision fasteners that can withstand thermal cycling, moisture, and mechanical stress. In every car, hundreds of fasteners are strategically deployed, making them essential to both manufacturing workflows and end-use performance.

How Are Materials and Design Innovations Transforming Automotive Fasteners?

Fastener design is advancing to support new manufacturing goals, including weight reduction, corrosion resistance, and process efficiency. While steel continues to dominate due to its strength and cost-effectiveness, there is growing use of aluminum, titanium, and high-performance polymer-based fasteners, especially in electric vehicles (EVs) and lightweight body panels. These materials help reduce vehicle mass while maintaining required mechanical strength.

Coating technologies have also improved to enhance corrosion resistance and extend fastener life. Zinc flake coatings, organic lubricants, and anti-seize finishes are increasingly used in underbody and engine compartment fasteners. For critical load-bearing components, manufacturers are deploying high-strength grades with controlled yield ratios and fatigue resistance. In interiors and dashboards, plastic fasteners and push-type clips are widely used to simplify assembly and disassembly while minimizing noise and vibration. The growing demand for modular assembly also drives interest in captive fasteners and quick-release systems.

Where Is Market Demand Growing and Which Segments Are Leading Adoption?

Demand is rising globally in response to automotive production recovery, EV expansion, and lightweight vehicle design trends. Asia-Pacific leads in fastener volume, driven by large-scale manufacturing in China, India, Japan, and South Korea. Europe and North America remain key markets for specialized fasteners, particularly in safety systems, engine components, and high-performance segments. As vehicle electrification progresses, OEMs are developing new fastening strategies for battery enclosures, thermal management systems, and lightweight electronic housing.

Electric and hybrid vehicles are a growing segment, requiring specialized fasteners that offer high electrical insulation, thermal stability, and resistance to electromagnetic interference. Premium and sports car segments also contribute to demand for high-precision, high-strength fasteners in aluminum or titanium. Tier-1 automotive suppliers and OEMs are increasingly collaborating with fastener manufacturers to co-develop application-specific solutions tailored to new drivetrains, composite body structures, and crash energy management systems.

Growth in the Passenger Car Fasteners market is driven by several factors

Growth in the passenger car fasteners market is driven by factors such as increasing vehicle production volumes, rising complexity of automotive assemblies, and demand for lightweight and high-performance materials. Electrification trends are introducing new fastening requirements for battery modules, power electronics, and charging infrastructure components. Regulatory pressure on vehicle weight and emissions is pushing the use of aluminum and polymer fasteners in body and chassis systems.

Advancements in corrosion protection, torque-tension performance, and pre-applied adhesives are enhancing fastener reliability and assembly efficiency. The shift toward modular vehicle platforms and increased use of advanced materials like composites and high-strength steels also necessitate specialized fastening techniques. As OEMs seek cost-effective, standardized, and sustainable fastening solutions, innovation in material science, automation compatibility, and process-integrated fasteners will continue to shape long-term market demand.

Scope Of Study:

The report analyzes the Passenger Car Fasteners market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments: Vehicle Type (SUV, Sedan, Hatchback, MUV); Fastener Type (Threaded Fastener, Non-Threaded Fastener); Material (Iron Material, Steel Material, Aluminum Material, Brass Material, Plastic Material)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the SUV segment, which is expected to reach US$7.8 Billion by 2030 with a CAGR of a 4.1%. The Sedan segment is also set to grow at 2.0% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $3.9 Billion in 2024, and China, forecasted to grow at an impressive 5.9% CAGR to reach $3.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Passenger Car Fasteners Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Passenger Car Fasteners Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Passenger Car Fasteners Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Agrati Group, Araymond Network, Bulten AB, Böllhoff Group, Bossard Group and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 44 companies featured in this Passenger Car Fasteners market report include:

• Agrati Group
• Araymond Network
• Bulten AB
• Böllhoff Group
• Bossard Group
• Deepak Fasteners Limited
• EJOT Group
• Illinois Tool Works Inc. (ITW)
• Indiana Automotive Fasteners (Aoyama)
• KAMAX Holding GmbH & Co. KG
• Keller & Kalmbach GmbH
• LISI Group
• Nifco Inc.
• Norma Group SE
• PennEngineering
• Phillips Screw Company
• SFS Group AG
• Stanley Black & Decker Inc.
• Sundram Fasteners Limited
• Wurth Group

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.