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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.
Request Sample @ https://clearviewmarketinsights.com/report-details/global-automotive-fasteners-market/
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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