Automotive Fasteners Market Expected to Reach USD 36.8 Bn by 2031...

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

2025-04-21 14:29:25 • Views

[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

For more insights, visit https://clearviewmarketinsights.com/report-store

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.

Media contact:

Bhavani K

Marketing and Sales Head

ClearView Market Insights

Mail: sales@clearviewmarketinsights.com

Phone: +1 917-993-7369

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