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Automotive Fasteners Market Expected to Reach USD 36.8 Bn by 2031 as Smart Technology and Lightweighting Drive Innovation

[Stuttgart, Germany, April 21st, 2025]- According to Clearview Market Insights, The Global Automotive Fasteners Market is projected to grow from USD 23.1 billion in 2023 to USD 36.8 billion by 2031, at a CAGR of 6.0%. This growth is driven by advancements in connectivity and material science, which are transforming this essential component sector.

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2024 Industry Advances

  • Smart fasteners offer real-time torque data.
  • Composite materials reduce weight by 65%
  • AI ensures 99.9% assembly accuracy

Technology Impact

  • Each fastener now part of vehicle IoT network
  • Digital torque records become standard
  • EV battery packs demand specialized solutions

Regional Leaders

  • Asia-Pacific (45%): Manufacturing hub
  • Europe (XX%): Premium vehicle focus
  • North America (XX%): Light truck applications

Executive Insight
"The humble fastener has become a high-tech vehicle health monitor."

  • Robert Friedmann, Würth Group Chairman

Market Outlook

  • 2025: 30% of fasteners will be smart-enabled
  • 2027: Composite fasteners mainstream
  • 2030: Self-healing fasteners enter market
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 About Clearview Market Insights:

 

Clearview Market Insights is a leading market research and consulting firm providing in-depth industry analysis and strategic recommendations for businesses worldwide.

 

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Bhavani K

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ClearView Market Insights

Mail: sales@clearviewmarketinsights.com

Phone: +1 917-993-7369