Automotive Fastener/Connector Market size is estimated to be USD 25.34 Billion in 2024 and is expected to reach USD 36.78 Billion by 2033 at a CAGR of 4.8% from 2026 to 2033.
In 2022, the global automotive fasteners market was valued at approximately $26.93 billion, with a compound annual growth rate (CAGR) of 3.3% since 2017. The market is projected to reach $33.27 billion by 2027, growing at a CAGR of 4.3% during this period. Regionally, Asia Pacific dominated the market, accounting for 44.7% of the total share in 2022. This growth is primarily driven by increased vehicle production and sales in countries like China, Japan, and India. North America and Europe followed, with significant market shares attributed to the presence of major automobile manufacturers and technological advancements in these regions. The automotive connectors market also exhibited substantial growth, with the global market size estimated at around $6.92 billion in 2023. It is projected to reach approximately $13.27 billion by 2033, growing at a CAGR of 6.73% from 2024 to 2033. Asia Pacific led the market with a 41% share in 2023 and is expected to grow at the fastest CAGR of 10.03% over the forecast period. This surge is fueled by the increasing adoption of electric vehicles, autonomous driving technologies, and connected cars in the region. North America and Europe held significant shares of 26% and 31%, respectively, driven by stringent government regulations promoting vehicle safety and emissions reduction, leading to the integration of advanced electronic systems in vehicles.
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Würth (Germany)
ITW (USA)
Stanley (USA)
Araymond (France)
KAMAX (Germany)
Amphenol (USA)
Aptiv (Ireland)
IRISO ELECTRONICS (Japan)
TE Connectivity (Switzland)
Kubota Sangyo (Japan)
Maruei Industries (Japan)
Miyata (Japan)
Nitto Kohki (Japan)
Yahata Neji (Japan)
Aoyama Seisakusho (Japan)
Meidoh (Japan)
Fontana Group (Italy)
Agrati Group (Italy)
LISI Group (France)
Nifco (Japan)
Topura (Japan)
Meira (Japan)
Böllhoff (Germany)
NORMA Group (Germany)
Bulten (Sweden)
Precision Castparts (USA)
Chun Yu Group (Taiwan)
Boltun (Taiwan)
Samjin Jeonggong (Korea)
Sundram Fasteners (India)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Fastener/Connector Market
Bolts
Nuts
Screws
Rivets
Washers
Pin Fasteners
Steel
Aluminum
Plastic
Stainless Steel
Passenger Vehicles
Commercial Vehicles
Electric Vehicles (EVs)
Heavy-duty Trucks
Motorcycles
Engine Components
Body and Chassis
Interior Components
Electrical Systems
Suspension Systems
OEM (Original Equipment Manufacturer)
Aftermarket
Retail
Online Sales
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Fastener/Connector Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Fastener/Connector Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Fastener/Connector Market, By Type
6. Global Automotive Fastener/Connector Market, By Application
7. Global Automotive Fastener/Connector Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive Fastener/Connector Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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