The global automotive fastener market is projected to grow from an estimated USD 21.45 billion to USD 25.30 billion by 2025.
Growing vehicle production, shifting focus toward lightweight vehicles, and the increasing use of electronics in vehicles, are all helping to drive the demand for fasteners.
The Semi-permanent automotive fastener is the upcoming trend in the automotive industry. It is estimated to be the fastest growing segment of the automotive fastener market. Semi-permanent fasteners can be disassembled and can be used in almost all components of a vehicle.