Skip to main content

Automotive Fasteners Market Insights and Forecast by 2032

 During the forecast period, it is anticipated that the global market for automotive fasteners will grow at a CAGR of 6%. The market for automotive fasteners is now valued at US$ 26,342.1 Million. By 2032, the market is anticipated to reach US$ 47,174.7 million.

Fasteners are the mechanical components that holds, joins or affixes two or more parts together, automotive industry is the largest market for the fastener. Automotive fasteners are made up of various materials such as Iron, Aluminum, Brass, Nickel, Stainless steel, Plastic, they are further classified with their distinct characteristics. Automotive fasteners are generally used for the clamping parts of vehicle together to avoid their separation or wobbling, transmitting loads as well as to prevent leakage of joint. Automotive fasteners comes in various shapes and coatings, colours to meet the demand of automotive fastening market along with the attractive designs and quality. Over the last decade various companies are involved into the technological research and development of the automotive fasteners, which resulted into superior quality fasteners and the growth of automotive fasteners market. Overall, the automotive fasteners market is expected to show a modest CAGR over the forecast period.

Automotive fasteners market: Drivers and Restraints

The flourishing automobile industry and the vital importance of fasteners in automobiles is a key driving factors of automotive fasteners market. The technical developments and improvements in the quality and durability of fasteners is another driving factor in the automotive fasteners market. The easy replaceable nature of automotive fasteners makes it convenient for the end use consumers to purchase fasteners for their vehicles that would further boost the aftermarket of automotive fasteners.

However, the alternative to automotive fasteners such as clinching and welding can slowdown the growth of automotive fasteners market.

Key Segments in The Automotive Fasteners Market

By Material:

  • Iron
  • Aluminum
  • Brass
  • Nickel
  • Stainless steel
  • Plastic

By Characteristics:

  • Removable
  • Semi-permanent
  • Permanent

By Types:

Threaded

  • Nuts
  • Screws
  • Rivets
  • Studs

Non threaded

  • Snap rings
  • Clips

By Coating:

  • Passivated coating
  • Cadmium coating
  • Dry film lube coating

By Distribution Channel:

  • OEM (Original Equipment Manufacturers)
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

Automotive fasteners market: Region wise outlook

The global fasteners market is segmented into the seven regions which includes North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East and Africa. Europe is the market leader in the automotive fasteners market owing to the largest global automobile hub. APEJ is the second major contributor in the automotive fasteners market due to the growth in the vehicles market and the aftermarket sale of the fasteners. The automobile companies such as General Motors, and Ford is making USA a significant country in the region of North America. Japan is flourishing in the automotive fasteners market because of the automobile giants like Toyota, Suzuki. Latin America and Middle East and Africa are at a nascent stage in the automotive fasteners market and is expected to have a modest CAGR in the forecast period.

Automotive fasteners market: Key players

  • Permanent Technologies, Inc.
  • Phillips screw company
  • Westfield Fasteners Limited
  • com Inc.
  • Atotech Deutschland GmbH
  • Stanley Engineered Fastening
  • PennEngineering
  • Shanghai Tianbao Fastener Manufacturing Co., Ltd.
  • Jiangsu Xing Chang Jiang International Co., Ltd.
  • Shamrock International Fasteners
  • Birmingham Fastener, Inc.
  • Sundram Fasteners Limited

For More Info@ https://www.futuremarketinsights.com/reports/automotive-fasteners-market

Comments

Post a Comment

Popular posts from this blog

Medical Gloves Market Trends, Growth, Future Demand, Analysis and Forecast by 2032

 The medical gloves market has witnessed significant growth and evolution, especially in recent years, due to the global healthcare challenges, including the COVID-19 pandemic. Medical gloves are crucial protective equipment used by healthcare professionals to prevent the transmission of infections, maintain hygiene standards, and ensure the safety of both patients and medical personnel. This market encompasses a wide range of glove types, including latex, nitrile, vinyl, and others, each with its unique features and applications. One of the key drivers of the medical gloves market is the increasing focus on infection prevention and control in healthcare settings. The heightened awareness of the importance of hand hygiene, especially in the wake of the pandemic, has led to a surge in demand for medical gloves worldwide. Healthcare facilities, including hospitals, clinics, and laboratories, require a steady and reliable supply of gloves to maintain safety protocols an...
Post a Comment
Read more

Sales of Commercial Aircraft Video Surveillance Systems to Decelerate in 2020 as COVID 19 Pandemic Takes its Toll on Global Market

  Market Introduction Future Market Insights, in its recent study on the  Commercial Aircraft Video Surveillance Systems market,  offers a detailed value-volume analysis of the Commercial Aircraft Video Surveillance Systems market on the basis of various segments such as product type, application, aircraft type, assembly and region. In terms of product type, cabin surveillance systems is projected to be a lucrative segment in terms of growth opportunities and are mostly being installed in the line fit assembly applications in the commercial aircraft video surveillance systems. To Get the Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5202 There has been significant growth in the number of freighter planes due to expanding e-commerce and pharmaceutical sectors and outperforming global trade growth. From a macroeconomic point of view, demand for commercial aircrafts is anticipated to more than double in the next two decade...
1 comment
Read more

Ship Repair and Maintenance Services Market Size, Key Players, Growth Factors, Regions and Applications, Industry Forecast by 2031

  Ship repair and maintenance services market  is set to be valued at  US$ 44.3 Bn , expanding at  6.5% CAGR  through 2031, according to latest research conducted by Future Market Insights (FMI). As per Future Market Insight (FMI), the ship repair and maintenance services market is expected register year-on-year (YoY) growth of  5.9% , reaching  US$ 23.6 Bn  in 2021. Request a Sample of this Report @   https://www.futuremarketinsights.com/reports/sample/rep-gb-5645 Continuous rise in shipbuilding activities and increasing spending in research activities for the expansion of wireless seaborne trade is expected to create growth opportunities during the forecast period. Demand for ship repair and maintenance services is surging owing to the growing usage of ships for diverse purposes. Governments in many countries are taking initiatives to strengthen the maritime industry. Based on these factors, the market is anticipated to create incremen...
Post a Comment
Read more