The global automotive fastener market is anticipated to exhibit substantial growth over the forecast period owing to the growing automotive production worldwide. Automotive fasteners play a vital role in assembling vehicles as they help join various vehicle parts together. Key advantages of using fasteners in the automotive industry include ease of assembling, durability, and cost-effectiveness. Growing demand for passenger cars globally is expected to propel the demand for automotive fasteners during the forecast timeline.

The Global automotive fastener market is estimated to be valued at US$ 33.9 Bn in 2024 and is expected to exhibit a CAGR of 4.7% over the forecast period 2024 to 2031.

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