Automotive Fasteners Market Size, Share, Growth Analysis, By Product, By Material, By Characteristics, By Electric Vehicle Type, By Vehicle Type, By Distribution Channel, By Region - Industry Forecast 2025-2032

Automotive Fasteners Market size was valued at USD 21.4 Billion in 2023 and is poised to grow from USD 21.81 Billion in 2024 to USD 25.35 Billion by 2032, growing at a CAGR of 1.9% during the forecast period (2025-2032).

The growing prevalence of vehicle sales and production might be related to the expansion of the worldwide automotive fastener market. Due to the rise of urbanisation, consumers' purchasing power has greatly increased in recent years, and they have begun to change their lifestyle. This has increased demand for passenger cars, which in turn fuels the expansion of the automotive fastener market. Furthermore, significant technological developments in the area of automobile fasteners have been made possible by the development of technology. The manufacturing of automobile fasteners has seen tremendous expansion due to cutting edge technology and the usage of superior materials.

Furthermore, another aspect supporting the expansion of the automotive fastener market is the viability of replacing automotive fasteners in automobiles. The global market for automotive fasteners is, nevertheless, experiencing some limitations and difficulties. The welding and clenching procedure is preventing market expansion. Additionally, the market will experience certain unfavourable trends as alternatives to automotive fasteners develop. Additionally, little to no product distinction has been achieved due to the increased market rivalry. These limitations are what are slowing the market's expansion.

US Car Rental Market is poised to grow at a sustainable CAGR for the next forecast year.