Automotive Plastic Fasteners Market is predicted to reach USD 3.57 billion at a CAGR of 8.20% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Automotive Plastic Fasteners Market”.

The Automotive Plastic Fasteners market is estimated to register a CAGR of 8.20% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Automotive Plastic Fasteners market— Illinois Tool Works Inc., Stanley Black & Decker, Inc., Nippon Industrial Fasteners Company, ARaymond, Nifco Inc., A Raymond Fasteners, Penn Engineering, H.W. Eckhardt GmbH, ATF Inc., MW Industries, Inc. and Others.

Market Highlights

The global Automotive Plastic Fasteners market is accounted to register a CAGR of 8.20% during the forecast period and is estimated to reach USD 3.57 billion by 2032.

The Automotive Plastic Fasteners market is growing due to several factors. Automotive manufacturers are increasingly adopting plastic fasteners over traditional metal ones due to their lightweight, corrosion resistance, and cost-effectiveness. Moreover, plastic fasteners offer design flexibility, ease of installation, and compatibility with modern vehicle materials like composites. Additionally, stringent regulations on vehicle emissions and fuel efficiency drive the demand for lightweight components, further boosting the adoption of plastic fasteners in automotive applications.

Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Global Automotive Plastic Fasteners Market

Segment Analysis

The global Automotive Plastic Fasteners market has been segmented based Product, Application, Characteristics, Material Type, Vehicle Type and Electric Vehicle Type.

On the basis of Product, the market is segmented into Threaded and Non-Threaded. The Threaded Products dominated the Automotive Plastic Fasteners Market in 2023 due to their versatility and wide range of applications in vehicle assembly. These fasteners offer secure attachment points for various automotive components, ensuring structural integrity and reliability. Additionally, their ease of installation and compatibility with diverse materials contribute to their market dominance.

Based on Application, the global Automotive Plastic Fasteners market has been segmented into Engine, Chassis, Transmission, Steering, Front/rear axle, Interior trim and Others. The Engine Application led the Automotive Plastic Fasteners Market in 2023 due to the extensive use of plastic fasteners in engine assembly. These fasteners offer benefits such as lightweight, corrosion resistance, and vibration dampening, making them ideal for securing engine components while meeting stringent performance and durability requirements.

Based on Characteristics, the global Automotive Plastic Fasteners market has been segmented into Removable Fasteners, Permanent Fasteners and Semi-Permanent Fasteners. The Removable Fasteners Characteristics dominated the Automotive Plastic Fasteners Market in 2023 due to their versatility and ease of maintenance. Removable fasteners allow for easy disassembly and reassembly of automotive components during maintenance and repair procedures, reducing downtime and labor costs, thus driving their widespread adoption in the automotive industry.

Based on Material Type, the global Automotive Plastic Fasteners market has been segmented into Stainless Steel, Iron, Bronze, Nickel, Aluminum, Brass and Plastic. The Stainless-Steel Material Type led the Automotive Plastic Fasteners Market in 2023 due to its superior strength, corrosion resistance, and durability. These characteristics make stainless steel fasteners ideal for demanding automotive applications, ensuring reliable performance in harsh environments and contributing to their widespread adoption across various vehicle components.

Based on Vehicle Type, the global Automotive Plastic Fasteners market has been segmented into Passenger Car (PC), Light Commercial Vehicle (LCV) and Heavy Commercial Vehicle (HCV). The Passenger Car Vehicle Type led the Automotive Plastic Fasteners Market in 2023 due to the high volume of passenger car production globally. Plastic fasteners offer lightweight, cost-effective solutions for securing various components in passenger cars, meeting performance requirements while reducing overall vehicle weight, contributing to their dominance in this segment.

Based on Electric Vehicle Type, the global Automotive Plastic Fasteners market has been segmented into Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV) and Plug-in Hybrid Electric Vehicle (PHEV). The Battery Electric Vehicle (BEV) Electric Vehicle Type led the Automotive Plastic Fasteners Market in 2023 due to the increasing demand for electric vehicles and their unique engineering requirements. Plastic fasteners offer lightweight and corrosion-resistant solutions suitable for BEVs, contributing to their widespread adoption in this rapidly growing segment of the automotive industry.

Regional Analysis

The global Automotive Plastic Fasteners market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Automotive Plastic Fasteners market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Automotive Plastic Fasteners market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Automotive Plastic Fasteners market comprises of Middle East, Africa, and Latin America.

North America secured the largest market share in the Automotive Plastic Fasteners Market due to several factors. These include a strong automotive manufacturing base, high demand for lightweight and corrosion-resistant fastening solutions, and stringent regulations driving the adoption of plastic fasteners. Moreover, the region's technological advancements and focus on innovation further contribute to North America's dominance in this market segment.

Europe secured the second largest market share in the Automotive Plastic Fasteners Market due to its robust automotive industry, emphasis on lightweight materials, and stringent environmental regulations. Plastic fasteners are preferred for their corrosion resistance and weight-saving properties, aligning with Europe's sustainability goals and automakers' efforts to improve fuel efficiency and reduce emissions, thus driving their adoption in the region.

Asia Pacific experiences the highest Compound Annual Growth Rate (CAGR) in the Automotive Plastic Fasteners Market due to rapid industrialization, increasing vehicle production, and rising adoption of plastic fasteners in automotive applications. Moreover, the region's growing automotive aftermarket sector, expanding transportation infrastructure, and focus on lightweight materials drive the demand for plastic fasteners, contributing to their significant market growth in Asia Pacific.

Furthermore, the rest of the world's Automotive Plastic Fasteners market is divided into the Middle East, Africa, and Latin America. The rest of the world is experiencing growth in the Automotive Plastic Fasteners market due to expanding automotive manufacturing activities and increasing adoption of lightweight and corrosion-resistant fastening solutions in regions such as Latin America, the Middle East, and Africa, driven by growing vehicle production and aftermarket demand.

Key Findings of the Study

• The global Automotive Plastic Fasteners market is expected to reach USD 3.57 billion by 2032, at a CAGR of 8.20% during the forecast period.


• The Asia Pacific region experiences the fastest growth in the Automotive Plastic Fasteners market due to rapid industrialization, increasing vehicle production, rising adoption of lightweight materials, and expanding automotive aftermarket activities.


• Based on Application, the Engine segment was attributed to holding the largest market in 2023.


• Illinois Tool Works Inc., Stanley Black & Decker, Inc., Nippon Industrial Fasteners Company, ARaymond, Nifco Inc., A Raymond Fasteners, Penn Engineering, H.W. Eckhardt GmbH, ATF Inc., and MW Industries, Inc are the key market players.A