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Automotive Fastener Market Share

Report ID: GMI1989
Published Date: Jul 2024
Report Format: PDF

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Automotive Fastener Market Share

The global automotive fastener industry is fragmented, with prominent players, such as Illinois Tool Works Inc., Stanley Black & Decker, Inc., Wurth Group, ARaymond Network and Norma Group SE holding a market share of 20-25%. These companies dominate the market due to their extensive research and development capabilities, strong global distribution networks, and strategic partnerships within the industry.

Automotive Fastener Market Companies

Major players operating in the automotive fastener industry include:

Acument Global Technologies, Inc.
ARaymond Network
Bollhoff Group
Bossard Group
Bulten AB
Fontana Gruppo S.p.A.
Illinois Tool Works Inc. (ITW)
KAMAX Holding GmbH & Co. KG
LISI Automotive
Nifco Inc.
Norma Group SE
Stanley Black & Decker, Inc.
Sundram Fasteners Limited
TR Fastenings Limited
Wurth Group

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive fastener reached USD 17.3 billion in 2023 and is set to register a CAGR of 5.5% between 2024 and 2032, due to rise of electric vehicles (EVs) and autonomous driving.

Steel fasteners segment was valued over USD 16 billion in 2023 and is expected to reach USD 25.6 billion by 2032, as steel offers an excellent combination of strength, durability, and cost-effectiveness.

Asia Pacific market generated a substantial revenue of USD 8.7 billion in 2023 and is expected to reach USD 14.2 billion by 2032, as the region has become a global hub for automotive manufacturing, with countries like China, Japan, India, and South Korea leading in vehicle production.

Bossard Group, Bulten AB, Fontana Gruppo S.p.A., Illinois Tool Works Inc. (ITW), KAMAX Holding GmbH & Co. KG, LISI Automotive, Nifco Inc., Norma Group SE, Stanley Black & Decker, Inc., and Sundram Fasteners Limited among others.