The North America Automotive Fasteners Market would witness market growth of 5.4% CAGR during the forecast period (2023-2030).
Automotive fasteners are mechanical parts that attach or connect one or more joints and parts of the car. Aluminium, nickel, stainless steel, and other materials make fasteners. Holding together vehicle parts to prevent their separation and joint leaking is the main purpose of automotive fasteners. Due to the wide range of shapes, sizes, designs, and quality, the automobile sector is saturated with different fasteners, particularly for components.
The expanding need for technical advancement and design enhancement in these components propels the market. Additionally, it is anticipated that increasing demand for vehicle stability and decreased vehicle weight would open up new business prospects for suppliers of the market.
Vehicle repair businesses and MRO service providers drive the demand for automotive fasteners. The demand will rise in the upcoming assessment period due to increased aftermarket maintenance and service activities for commercial and passenger cars. Another factor projected to increase demand in the market is improved quality and sturdiness of fasteners due to mechanical improvements. Additionally, the market is expected to develop as a result of the rising need for lighter automobiles and their stability, which has increased the preference for automotive fasteners over welding.
According to the International Trade Association, Mexico is the seventh-largest global manufacturer of passenger vehicles, producing over three million vehicles annually. In addition, 90% of vehicles manufactured in Mexico are exported, with 76% traveling to the United States. These factors have contributed to the region’s automotive industry’s constant expansion, resulting in a rise in demand for automotive fasteners.
The US market dominated the North America Automotive Fasteners Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,112.4 Million by 2030. The Canada market is experiencing a CAGR of 7.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.8% during (2023 - 2030).
Based on Type, the market is segmented into Threaded, and Non-Threaded. Based on Material Type, the market is segmented into Metal, and Plastic. Based on Characteristic, the market is segmented into Removable, and Fixed. Based on Vehicle Type, the market is segmented into Passenger Car, and Commercial Vehicles. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Automotive Fasteners Market is Projected to reach USD 33 Billion by 2030, at a CAGR of 5.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bulten AB, KAMAX Holding GmbH & Co. KG, Stanley Black & Decker, Inc., Berkshire Hathaway, Inc., Illinois Tool Works Inc., SFS Group AG, LISI GROUP, Westfield Fasteners Ltd, Shanghai Prime Machinery Co., Ltd. (Shanghai Electric Group Company Limited) and Sundram Fasteners Limited (TVS Group).
Scope of the Study
Market Segments Covered in the Report:
By Type
By Material Type
By Characteristic
By Vehicle Type
- Passenger Car
- Commercial Vehicles
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Bulten AB
- KAMAX Holding GmbH & Co. KG
- Stanley Black & Decker, Inc.
- Berkshire Hathaway, Inc.
- Illinois Tool Works Inc.
- SFS Group AG
- LISI GROUP
- Westfield Fasteners Ltd
- Shanghai Prime Machinery Co., Ltd. (Shanghai Electric Group Company Limited)
- Sundram Fasteners Limited (TVS Group)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automotive Fasteners Market, by Type
1.4.2 North America Automotive Fasteners Market, by Material Type
1.4.3 North America Automotive Fasteners Market, by Characteristic
1.4.4 North America Automotive Fasteners Market, by Vehicle Type
1.4.5 North America Automotive Fasteners Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies Deployed in Automotive Fasteners Market
Chapter 5. North America Automotive Fasteners Market by Type
5.1 North America Threaded Market by Country
5.2 North America Non-Threaded Market by Country
Chapter 6. North America Automotive Fasteners Market by Material Type
6.1 North America Metal Market by Country
6.2 North America Plastic Market by Country
Chapter 7. North America Automotive Fasteners Market by Characteristic
7.1 North America Removable Market by Country
7.2 North America Fixed Market by Country
Chapter 8. North America Automotive Fasteners Market by Vehicle Type
8.1 North America Passenger Car Market by Country
8.2 North America Commercial Vehicles Market by Country
Chapter 9. North America Automotive Fasteners Market by Country
9.1 US Automotive Fasteners Market
9.1.1 US Automotive Fasteners Market by Type
9.1.2 US Automotive Fasteners Market by Material Type
9.1.3 US Automotive Fasteners Market by Characteristic
9.1.4 US Automotive Fasteners Market by Vehicle Type
9.2 Canada Automotive Fasteners Market
9.2.1 Canada Automotive Fasteners Market by Type
9.2.2 Canada Automotive Fasteners Market by Material Type
9.2.3 Canada Automotive Fasteners Market by Characteristic
9.2.4 Canada Automotive Fasteners Market by Vehicle Type
9.3 Mexico Automotive Fasteners Market
9.3.1 Mexico Automotive Fasteners Market by Type
9.3.2 Mexico Automotive Fasteners Market by Material Type
9.3.3 Mexico Automotive Fasteners Market by Characteristic
9.3.4 Mexico Automotive Fasteners Market by Vehicle Type
9.4 Rest of North America Automotive Fasteners Market
9.4.1 Rest of North America Automotive Fasteners Market by Type
9.4.2 Rest of North America Automotive Fasteners Market by Material Type
9.4.3 Rest of North America Automotive Fasteners Market by Characteristic
9.4.4 Rest of North America Automotive Fasteners Market by Vehicle Type
Chapter 10. Company Profiles
10.1 Bulten AB
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional Analysis
10.1.4 Recent strategies and developments:
10.1.4.1 Acquisition and Mergers:
10.1.4.2 Geographical Expansions:
10.1.5 SWOT Analysis
10.2 KAMAX Holding GmbH & Co. KG
10.2.1 Company Overview
10.2.2 Recent strategies and developments:
10.2.2.1 Acquisition and Mergers:
10.2.3 SWOT Analysis
10.3 SFS Group AG
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Acquisition and Mergers:
10.3.6 SWOT Analysis
10.4 Westfield Fasteners Ltd
10.4.1 Company Overview
10.4.2 SWOT Analysis
10.5 Shanghai Prime Machinery Co.,Ltd. (Shanghai Electric Group Company Limited)
10.5.1 Company Overview
10.5.2 SWOT Analysis
10.6 Sundram Fasteners Limited (TVS Group)
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 SWOT Analysis
10.7 Berkshire Hathaway, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.8 LISI GROUP
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Research & Development Expenses
10.8.4 Recent strategies and developments:
10.8.4.1 Partnerships, Collaborations, and Agreements:
10.8.4.2 Acquisition and Mergers:
10.8.5 SWOT Analysis
10.9 Stanley Black & Decker, Inc.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 SWOT Analysis
10.10. Illinois Tools Works, Inc.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expenses
TABLE 1 North America Automotive Fasteners Market, 2019 - 2022, USD Million
TABLE 2 North America Automotive Fasteners Market, 2023 - 2030, USD Million
TABLE 3 North America Automotive Fasteners Market by Type, 2019 - 2022, USD Million
TABLE 4 North America Automotive Fasteners Market by Type, 2023 - 2030, USD Million
TABLE 5 North America Threaded Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Threaded Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Non-Threaded Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Non-Threaded Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Automotive Fasteners Market by Material Type, 2019 - 2022, USD Million
TABLE 10 North America Automotive Fasteners Market by Material Type, 2023 - 2030, USD Million
TABLE 11 North America Metal Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Metal Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Plastic Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Plastic Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Automotive Fasteners Market by Characteristic, 2019 - 2022, USD Million
TABLE 16 North America Automotive Fasteners Market by Characteristic, 2023 - 2030, USD Million
TABLE 17 North America Removable Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Removable Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Fixed Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Fixed Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Automotive Fasteners Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 22 North America Automotive Fasteners Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 23 North America Passenger Car Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Passenger Car Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Commercial Vehicles Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Commercial Vehicles Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Automotive Fasteners Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Automotive Fasteners Market by Country, 2023 - 2030, USD Million
TABLE 29 US Automotive Fasteners Market, 2019 - 2022, USD Million
TABLE 30 US Automotive Fasteners Market, 2023 - 2030, USD Million
TABLE 31 US Automotive Fasteners Market by Type, 2019 - 2022, USD Million
TABLE 32 US Automotive Fasteners Market by Type, 2023 - 2030, USD Million
TABLE 33 US Automotive Fasteners Market by Material Type, 2019 - 2022, USD Million
TABLE 34 US Automotive Fasteners Market by Material Type, 2023 - 2030, USD Million
TABLE 35 US Automotive Fasteners Market by Characteristic, 2019 - 2022, USD Million
TABLE 36 US Automotive Fasteners Market by Characteristic, 2023 - 2030, USD Million
TABLE 37 US Automotive Fasteners Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 38 US Automotive Fasteners Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 39 Canada Automotive Fasteners Market, 2019 - 2022, USD Million
TABLE 40 Canada Automotive Fasteners Market, 2023 - 2030, USD Million
TABLE 41 Canada Automotive Fasteners Market by Type, 2019 - 2022, USD Million
TABLE 42 Canada Automotive Fasteners Market by Type, 2023 - 2030, USD Million
TABLE 43 Canada Automotive Fasteners Market by Material Type, 2019 - 2022, USD Million
TABLE 44 Canada Automotive Fasteners Market by Material Type, 2023 - 2030, USD Million
TABLE 45 Canada Automotive Fasteners Market by Characteristic, 2019 - 2022, USD Million
TABLE 46 Canada Automotive Fasteners Market by Characteristic, 2023 - 2030, USD Million
TABLE 47 Canada Automotive Fasteners Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 48 Canada Automotive Fasteners Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 49 Mexico Automotive Fasteners Market, 2019 - 2022, USD Million
TABLE 50 Mexico Automotive Fasteners Market, 2023 - 2030, USD Million
TABLE 51 Mexico Automotive Fasteners Market by Type, 2019 - 2022, USD Million
TABLE 52 Mexico Automotive Fasteners Market by Type, 2023 - 2030, USD Million
TABLE 53 Mexico Automotive Fasteners Market by Material Type, 2019 - 2022, USD Million
TABLE 54 Mexico Automotive Fasteners Market by Material Type, 2023 - 2030, USD Million
TABLE 55 Mexico Automotive Fasteners Market by Characteristic, 2019 - 2022, USD Million
TABLE 56 Mexico Automotive Fasteners Market by Characteristic, 2023 - 2030, USD Million
TABLE 57 Mexico Automotive Fasteners Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 58 Mexico Automotive Fasteners Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 59 Rest of North America Automotive Fasteners Market, 2019 - 2022, USD Million
TABLE 60 Rest of North America Automotive Fasteners Market, 2023 - 2030, USD Million
TABLE 61 Rest of North America Automotive Fasteners Market by Type, 2019 - 2022, USD Million
TABLE 62 Rest of North America Automotive Fasteners Market by Type, 2023 - 2030, USD Million
TABLE 63 Rest of North America Automotive Fasteners Market by Material Type, 2019 - 2022, USD Million
TABLE 64 Rest of North America Automotive Fasteners Market by Material Type, 2023 - 2030, USD Million
TABLE 65 Rest of North America Automotive Fasteners Market by Characteristic, 2019 - 2022, USD Million
TABLE 66 Rest of North America Automotive Fasteners Market by Characteristic, 2023 - 2030, USD Million
TABLE 67 Rest of North America Automotive Fasteners Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 68 Rest of North America Automotive Fasteners Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 69 Key Information – Bulten AB
TABLE 70 Key Information – KAMAX Holding GmbH & Co. KG
TABLE 71 Key Information – SFS Group AG
TABLE 72 Key Information – Westfield Fasteners Ltd
TABLE 73 Key Information – Shanghai Prime Machinery Co.,Ltd.
TABLE 74 Key Information – Sundram Fasteners Limited
TABLE 75 Key Information – Berkshire Hathaway, Inc.
TABLE 76 Key Information – LISI GROUP
TABLE 77 Key Information – Stanley Black & Decker, Inc.
TABLE 78 Key Information – Illinois Tool Works, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Automotive Fasteners Market, 2019 - 2030, USD Million
FIG 3 Key Impacting Factors automotive fasteners market
FIG 4 Porter’s Five Forces Analysis – Automotive Fasteners Market
FIG 5 North America Automotive Fasteners Market share by Type, 2022
FIG 6 North America Automotive Fasteners Market share by Type, 2030
FIG 7 North America Automotive Fasteners Market by Type, 2019 - 2030, USD Million
FIG 8 North America Automotive Fasteners Market share by Material Type, 2022
FIG 9 North America Automotive Fasteners Market share by Material Type, 2030
FIG 10 North America Automotive Fasteners Market by Material Type, 2019 - 2030, USD Million
FIG 11 North America Automotive Fasteners Market share by Characteristic, 2022
FIG 12 North America Automotive Fasteners Market share by Characteristic, 2030
FIG 13 North America Automotive Fasteners Market by Characteristic, 2019 - 2030, USD Million
FIG 14 North America Automotive Fasteners Market share by Vehicle Type, 2022
FIG 15 North America Automotive Fasteners Market share by Vehicle Type, 2030
FIG 16 North America Automotive Fasteners Market by Vehicle Type, 2019 - 2030, USD Million
FIG 17 North America Automotive Fasteners Market share by Country, 2022
FIG 18 North America Automotive Fasteners Market share by Country, 2030
FIG 19 North America Automotive Fasteners Market by Country, 2019 - 2030, USD Million
FIG 20 Recent strategies and developments: Bulten AB
FIG 21 Swot Analysis: Bulten AB
FIG 22 Swot Analysis: KAMAX Holding GmbH & Co. KG
FIG 23 Swot Analysis: SFS Group AG
FIG 24 Swot Analysis: Westfield Fasteners Ltd
FIG 25 Swot Analysis: Shanghai Prime Machinery Co., Ltd.
FIG 26 Swot Analysis: Sundram Fasteners Limited
FIG 27 Swot Analysis: LISI GROUP
FIG 28 Swot Analysis: Stanley Black & Decker, Inc.