Summary

Global Automotive Fastener/Connector Market is valued at approximately USD 34.2 billion in 2023 and is projected to grow with a healthy growth rate of more than 4.4% over the forecast period 2024-2032. The automotive fastener/connector industry is an integral part of the automotive sector, focusing on the development, production, and application of components that are essential in assembling vehicles, particularly in supporting the sustainability goals of reducing environmental impact and improving energy efficiency. The market covers a broad spectrum of fasteners used in various types of vehicles and mobility solutions, including battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs), and alternative fuel vehicles, as well as the fasteners and connectors critical for the emerging sectors of autonomous vehicles and shared mobility solutions.
The growth of the automotive fastener/connector market is primarily driven by the rise in lightweight vehicle manufacturing and the increase in global vehicle production. The trend towards lighter vehicles, which are designed to improve fuel efficiency and reduce emissions, has spurred demand for specialized fasteners capable of securely joining advanced materials such as aluminum, magnesium, and high-strength steel. Concurrently, as vehicle production escalates globally, there is a parallel surge in demand for a variety of fasteners necessary for the assembly of these vehicles.
However, the market faces challenges due to the increasing availability of alternatives to traditional fasteners and the rising costs of raw materials such as steel and aluminum. The adoption of advanced joining techniques like laser welding and ultrasonic welding, which do not rely on conventional fasteners, poses a potential threat to the demand for traditional fasteners. Additionally, the rise in material costs makes the production of fasteners more expensive, which could lead to higher prices and potentially dampen demand.
Nonetheless, innovation in manufacturing technology offers significant opportunities for market expansion. The ongoing development of lightweight materials, advanced coatings that improve corrosion resistance, and the adoption of state-of-the-art manufacturing technologies such as 3D printing and CNC machining are all contributing to the evolution of the automotive fastener/connector market. These advancements not only enhance the durability and efficiency of fasteners but also support the overall push towards more sustainable and energy-efficient vehicles.
Regionally, North America is a significant market for automotive fasteners/connectors, bolstered by cutting-edge manufacturing technologies and the growing adoption of electric vehicles (EVs). The region's robust automotive industry, characterized by leading manufacturing plants and a strong network of automotive parts suppliers, continues to drive demand for specialized fasteners. Similarly, Canada and China are emerging as key markets, with their strong automotive manufacturing sectors and government support for the automotive industry's growth.
The key regions considered for the global automotive fasteners/connectors Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the automotive fasteners/connectors Market in terms of revenue. The market growth in the region is being attributed to factors including strong automotive manufacturing base and high vehicle production volumes. The increasing emphasis on vehicle safety and advanced technologies, including electric and autonomous vehicles, propels demand for sophisticated fasteners and connectors. Moreover, stringent regulatory standards and growing consumer preference for high-quality, durable automotive components contribute to market growth. Additionally, the expansion of the automotive aftermarket sector and ongoing investments in innovation and technology within the automotive industry further boost market dynamics in North America. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by rapid industrialization and urbanization, which boost vehicle production and sales. Additionally, increasing consumer demand for advanced, reliable, and fuel-efficient vehicles fuels the need for high-quality fasteners and connectors. Government initiatives to improve infrastructure and promote automotive manufacturing, along with rising investments in electric vehicles (EVs) and automotive technology, further stimulate market growth. The burgeoning automotive aftermarket and the growing trend towards vehicle customization also contribute to the market's expansion in this region.

Major market players included in this report are:
Sterling Tools Limited
SFS Group AG
Illinois Tool Works Inc.
Nipman Fasteners
Sundaram Fasteners
Boltun Corporation
Maclean Fogg
Berkshire Hathaway Inc.
Lisi Group
TR Fastenings
Bollhoff Group
Wurth Group
Stanley Black & Decker
The Philips Screw Company
Westfield Fasteners Limited

The detailed segments and sub-segment of the market are explained below:
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
Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC
Latin America
• Brazil
• Mexico
• RoLA
Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA
Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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Table of Contents

Chapter 1. Global Automotive Fastener/Connector Market Executive Summary
1.1. Global Automotive Fastener/Connector Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Product Type
1.3.2. By Characteristics
1.3.3. By Material
1.3.4. By Vehicle Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Automotive Fastener/Connector Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Automotive Fastener/Connector Market Dynamics
3.1. Market Drivers
3.1.1. Rise in Lightweight Vehicle Manufacturing
3.1.2. Increase in Vehicle Production
3.1.3. Innovation in Fastener Materials and Coatings
3.2. Market Challenges
3.2.1. Increasing Alternatives for Fasteners
3.2.2. Rising Material Costs
3.3. Market Opportunities
3.3.1. Development of Lightweight and Durable Fasteners
3.3.2. Adoption of Advanced Manufacturing Technologies
3.3.3. Growth in Electric Vehicle Production

Chapter 4. Global Automotive Fastener/Connector Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Automotive Fastener/Connector Market Size & Forecasts by Product Type 2022-2032
5.1. Segment Dashboard
5.2. Global Automotive Fastener/Connector Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
5.2.1. Threaded
5.2.2. Non-Threaded

Chapter 6. Global Automotive Fastener/Connector Market Size & Forecasts by Characteristics 2022-2032
6.1. Segment Dashboard
6.2. Global Automotive Fastener/Connector Market: Characteristics Revenue Trend Analysis, 2022 & 2032 (USD Billion)
6.2.1. Removable Fasteners
6.2.2. Permanent Fasteners
6.2.3. Semi-Permanent Fasteners

Chapter 7. Global Automotive Fastener/Connector Market Size & Forecasts by Material 2022-2032
7.1. Segment Dashboard
7.2. Global Automotive Fastener/Connector Market: Material Revenue Trend Analysis, 2022 & 2032 (USD Billion)
7.2.1. Stainless Steel
7.2.2. Brass
7.2.3. Nickle
7.2.4. Aluminum
7.2.5. Plastic
7.2.6. Iron
7.2.7. Bronze

Chapter 8. Global Automotive Fastener/Connector Market Size & Forecasts by Vehicle Type 2022-2032
8.1. Segment Dashboard
8.2. Global Automotive Fastener/Connector Market: Vehicle Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
8.2.1. Passenger Car
8.2.2. Commercial Vehicle

Chapter 9. Global Automotive Fastener/Connector Market Size & Forecasts by Region 2022-2032
9.1. North America Automotive Fastener/Connector Market
9.1.1. U.S. Automotive Fastener/Connector Market
9.1.1.1. Product Type breakdown size & forecasts, 2022-2032
9.1.1.2. Characteristics breakdown size & forecasts, 2022-2032
9.1.1.3. Material breakdown size & forecasts, 2022-2032
9.1.1.4. Vehicle Type breakdown size & forecasts, 2022-2032
9.1.2. Canada Automotive Fastener/Connector Market
9.2. Europe Automotive Fastener/Connector Market
9.2.1. U.K. Automotive Fastener/Connector Market
9.2.2. Germany Automotive Fastener/Connector Market
9.2.3. France Automotive Fastener/Connector Market
9.2.4. Spain Automotive Fastener/Connector Market
9.2.5. Italy Automotive Fastener/Connector Market
9.2.6. Rest of Europe Automotive Fastener/Connector Market
9.3. Asia-Pacific Automotive Fastener/Connector Market
9.3.1. China Automotive Fastener/Connector Market
9.3.2. India Automotive Fastener/Connector Market
9.3.3. Japan Automotive Fastener/Connector Market
9.3.4. Australia Automotive Fastener/Connector Market
9.3.5. South Korea Automotive Fastener/Connector Market
9.3.6. Rest of Asia Pacific Automotive Fastener/Connector Market
9.4. Latin America Automotive Fastener/Connector Market
9.4.1. Brazil Automotive Fastener/Connector Market
9.4.2. Mexico Automotive Fastener/Connector Market
9.4.3. Rest of Latin America Automotive Fastener/Connector Market
9.5. Middle East & Africa Automotive Fastener/Connector Market
9.5.1. Saudi Arabia Automotive Fastener/Connector Market
9.5.2. South Africa Automotive Fastener/Connector Market
9.5.3. Rest of Middle East & Africa Automotive Fastener/Connector Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Sterling Tools Limited
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Market Strategies
10.3.2. SFS Group AG
10.3.3. Illinois Tool Works Inc.
10.3.4. Nipman Fasteners
10.3.5. Sundaram Fasteners
10.3.6. Boltun Corporation
10.3.7. Maclean Fogg
10.3.8. Berkshire Hathaway Inc.
10.3.9. Lisi Group
10.3.10. TR Fastenings
10.3.11. Bollhoff Group
10.3.12. Wurth Group
10.3.13. Stanley Black & Decker
10.3.14. The Philips Screw Company
10.3.15. Westfield Fasteners Limited

Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes