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

Posted 2025-04-21 14:29:25

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[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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