Fasteners for Electric Vehicle Market Revenue was valued at USD 5.2 Billion in 2024 and is estimated to reach USD 10.3 Billion by 2033, growing at a CAGR of 8.2% from 2026 to 2033.
The global fasteners for electric vehicles market has been experiencing substantial growth, driven by the increasing adoption of electric vehicles (EVs) worldwide. In 2023, the market was valued at approximately USD 2.5 billion and is projected to reach USD 5.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.5% during the forecast period. This growth is attributed to factors such as stringent emission regulations, advancements in automotive technologies, and the rising production of EVs. For instance, in 2022, global electric car sales reached 10 million, representing a 55% increase from the previous year.Regionally, Asia Pacific has emerged as the dominant market for EV fasteners, driven by rapid EV adoption in countries like China, Japan, and South Korea. In 2023, Asia Pacific contributed approximately 40% of the total market revenue. North America and Europe also hold significant market shares, contributing around 30% and 25%, respectively, fueled by stringent emission regulations and high consumer awareness regarding the benefits of EVs. Latin America and the Middle East & Africa together accounted for the remaining 5% of the market revenue. The Asia Pacific region is also projected to be the fastest growing, with a projected growth rate of 12% annually, driven by increased EV adoption in countries like China, Japan, and South Korea.
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Würth
ITW
Stanley
Araymond
KAMAX
Shanghai PMC (Nedschroef)
Aoyama Seisakusho
Meidoh
Fontana
Agrati
LISI
Nifco
Topura
Meira
Böllhoff
Norma
Bulten
Precision Castparts
Chunyu
Boltun
Samjin
Sundram Fasteners
SFS
STL
Keller & Kalmbach
Piolax
EJOT
GEM-YEAR
RUIBIAO
Shenzhen AERO
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 Fasteners for Electric Vehicle Market
Bolts
Nuts
Washers
Rivets
Screws
Clips and Clamps
Steel
Aluminum
Plastic
Composite Materials
Copper
Battery Packaging
Chassis Assembly
Body Structure Assembly
Interior and Exterior Components
Electrical Components Attachment
Battery Electric Vehicles (BEVs)
Hybrid Electric Vehicles (HEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)
Fuel Cell Electric Vehicles (FCEVs)
Original Equipment Manufacturers (OEMs)
Aftermarket Service Providers
Research and Development Firms
Component Manufacturers
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 Fasteners for Electric Vehicle 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 Fasteners for Electric Vehicle Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Fasteners for Electric Vehicle Market, By Type
6. Global Fasteners for Electric Vehicle Market, By Application
7. Global Fasteners for Electric Vehicle Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Fasteners for Electric Vehicle Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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