Automotive Plastic Fasteners Market To Reach $6.70 Billion By 2030

Automotive Plastic Fasteners Market Growth & Trends

The global automotive plastic fasteners market size is expected to reach USD 6.70 billion by 2030, expanding at a CAGR of 6.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing substitution of metal fasteners in automotive interiors owing to improved aesthetics and lightweight characteristics is expected to propel demand.

The plastic fasteners production is highly influenced by high production volumes of automotive vehicles across major economies of the world. The market is highly fragmented and competitive owing to various small-scale manufacturers concentrated in countries including Thailand, China, and Germany.

The industry rivalry is expected to be high owing to manufacturers of low switching cost of manufacturers from metal to plastic products. However, factors including low tensile strength of the fasteners in high-stress applications are expected to impact the product demand.

Illinois Tool Works Incorporated (ITW), ARaymond, and Alcoa, Inc. are the major manufacturers dominating the market. Profit margins of companies vary in the range of 15 to 20% owing to reduced manufacturing costs. The uncertainty in automotive production statistics coupled with raw materials price volatility is expected to be major barriers for new entrants in the market.

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Automotive Plastic Fasteners Market Report Highlights

• Wire harnessing dominated the market share in 2024 owing to the increasing complexity and integration of automotive electronics

• The bonding function secured a dominant market share of 81.4% in 2024, owing to the increasing demand for lightweight materials to enhance fuel efficiency and reduce emissions

• Passenger cars registered the dominant market share of 51.0% in 2024 due to the increasing demand for lightweight materials to enhance fuel efficiency and reduce emissions

• Light Commercial Vehicles (LCVs) are expected to boost at the fastest CAGR during the forecast period with the rapid growth of the e-commerce and logistics sectors

• The Asia Pacific automotive plastic fasteners market held 54.9% of the global revenue share in 2024. The rapid expansion of the automotive industries in countries including China, India, Japan, and South Korea has significantly fueled the demand

Automotive Plastic Fasteners Market Segmentation

Grand View Research has segmented the global immersive technology market on the basis of component, technology type, application, industry, and region:

Automotive Plastic Fasteners Application Outlook (Revenue, USD Million, Volume in Billion Units, 2018 - 2030)

• Interior

• Exterior

• Electronics

• Powertrain

• Chassis

• Wire harnessing

• Others

Automotive Plastic Fasteners Vehicle Outlook (Revenue, USD Million, Volume in Billion Units, 2018 - 2030)

• Passenger cars

• LCVs

Automotive Plastic Fasteners Function Outlook (Revenue, USD Million, Volume in Billion Units, 2018 - 2030)

• Bonding

• NVH

Automotive Plastic Fasteners Regional Outlook (Revenue, USD Million, Volume in Billion Units, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • Taiwan

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • Saudi Arabia

  • South Africa

List Of Key Players in the Automotive Plastic Fasteners Market

• Essentra Components

• ITW

• Avery Dennison

• Panduit

• Nifco Inc.

• BAND-IT

• SABIC

• DuPont

• Bossard Group

• MW Industries

• Stanley Black & Decker

• PennEngineering

• Bossard Group