PUBLISHER: Value Market Research | PRODUCT CODE: 1542430
PUBLISHER: Value Market Research | PRODUCT CODE: 1542430
The global demand for Automotive Fastener Market is presumed to reach the market size of nearly USD 84.63 Billion by 2032 from USD 59.98 Billion in 2023 with a CAGR of 3.9% under the study period 2024-2032.
Automotive fasteners are used in door panels, small engine parts, airbag housings, among many other parts of a vehicle. Fasteners used in automobiles are nuts, bolts, screws, retainers, spring clips, or washers. Fasteners secure the attachment of two parts or two surfaces. They are used to hold several automotive bolts to prevent leakage, distribute pressure, and secure radiators. Automotive fasteners are made of stainless steel, plastic, or titanium. Stainless steel is highly valued as a material for automotive fasteners due to its strength and resistance to corrosion. Plastic fasteners, often made with vinyl, offer optimum strength, tightness, and durability. Titanium is also amongst one of the most robust fasteners but is restricted for aerospace applications.
Rising production and sales of automotive worldwide drive the demand for automotive fasteners. Mechanical advancements and enhancement in quality and sturdiness of fasteners and growing research on producing lightweight fasteners is another element anticipated to boost demand in the market. Increasing purchasing power, stringent vehicle emission & expiration norms, and the growing launch of new models propel the demand for more fasteners. The global automotive fasteners market is facing a downturn in recent years due to the increased use of adhesives in place of fasteners to reduce overall vehicle weight. However, economic slowdown and weakening of the supply chain are hampering market growth for the automotive fastener.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Automotive Fastener. The growth and trends of Automotive Fastener industry provide a holistic approach to this study.
This section of the Automotive Fastener market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Automotive Fastener market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Automotive Fastener market include APL, Atotech Deutschland GmbH, Birmingham Fastener Inc., Bulten AB, Jiangsu Xing Chang Jiang International Co. Ltd., KAMAX Holding GmbH & Co. KG, KOVA Fasteners Pvt. Ltd., Lisi Group, Nifco Inc., Penn Engineering, Permanent Technologies Inc., Phillips Screw Company, SFS Group, Shamrock International Fasteners, Shanghai Tianbao Fastener Manufacturing Co. Ltd., Stanley Engineered Fastening, Sundram Fasteners Limited, Westfield Fasteners Limited. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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