Report segments Automotive Fasteners Market by Type (Threaded, Non-Threaded), Material (Iron, Aluminum, Brass, Nickel, Others), by Distribution Channel, End-use (Removable, Semi-Permanent, Permanent) and by Region. Global market for Automotive Fasteners is to grow at 4.5% CAGR by 2023.
Global Automotive Fasteners Market Highlights:
Automotive fasteners are used to hold parts and prevent leakage in vehicles by joining to two or more parts through replaceable and permanent rivets. They play a significant role in improving the performance of the vehicle by using lightweight, good quality material, and high-performance fasteners. The increase in sales of automobiles and the demand for lightweight vehicles will influence the sales and market revenue. Growing awareness about fasteners benefit the global market, increasing the demand for quality fasteners that are light in weight, will boost the growth of the market during the forecast period.
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Leading Players Studied In Report are:
The Phillips Screw Company (US), Permanent Technologies Inc. (US), Atotech (Germany), Shanghai Tianbao Fastener Manufacturing Co., Ltd. (China), and Shamrock International (US). Jiangsu Xing Chang Jiang International Co., Ltd. (China), Nifco Inc. (Japan), KOVA Fasteners Pvt Ltd (India), Bulten AB (Sweden), and Westfield Fasteners Limited (UK) are among others.
Growing automotive component market and an increase in sales of various automobile components will create opportunities for manufacturers in the automotive fasteners market. Furthermore, increased sales of components will increase merger and acquisition initiatives in the market for automotive fasteners. However, alternatives such as welding will majorly restrain the growth of the automotive fasteners. Growing unorganized sector will hamper the growth of the manufacturers in the global automotive fasteners market.
Automotive fasteners are mechanical components used to connect or join two or more joints and parts in the vehicle. Fasteners are made up of aluminum, nickel, stainless steel, and others. The primary function of automotive fasteners is that of holding vehicle parts together to avoid their separation and prevent leakage from joints. The automotive industry is flooded with a variety of fasteners, specifically for components due to the various shapes, sizes, designs, and qualities.
The scope of the study segments the global automotive fasteners market by type, materials, distribution channel, end-use, and regions.
By Distribution Channel:
Geographically, the global automotive fasteners market has been segmented into the four major regions of North America, Europe, Asia-Pacific, and the Rest of the World. The global automotive fasteners market in Asia-Pacific is expected to grow during the forecast period followed by Europe. Developing countries such as China and India and developed countries such as Japan that are the major hubs for automotive industry, will boost the market share for Asia-Pacific. Growing automotive fasteners sales in the aftermarket will further enhance the sales in Asia-Pacific market. In Europe, the increased manufacturing of vehicles is expected to increase the demand for automotive fasteners which will enhance the market in the future.
List Of Tables:
TABLE 1 GLOBAL AUTOMOTIVE FASTENERS MARKET: BY REGION, 2018-2023
TABLE 2 NORTH AMERICA AUTOMOTIVE FASTENERS MARKET: BY COUNTRY, 2018-2023
TABLE 3 EUROPE AUTOMOTIVE FASTENERS MARKET: BY COUNTRY, 2018-2023
TABLE 4 ASIA-PACIFIC AUTOMOTIVE FASTENERS MARKET: BY COUNTRY, 2018-2023
TABLE 5 ROW AUTOMOTIVE FASTENERS MARKET: BY COUNTRY, 2018-2023
TABLE 6 GLOBAL AUTOMOTIVE FASTENERS MARKET, BY TYPE, BY REGIONS, 2018-2023
TABLE 7 NORTH AMERICA AUTOMOTIVE FASTENERS MARKET, BY TYPE, BY COUNTRY, 2018-2023
TABLE 8 EUROPE AUTOMOTIVE FASTENERS MARKET, BY TYPE, BY COUNTRY, 2018-2023
TABLE 9 ASIA-PACIFIC AUTOMOTIVE FASTENERS MARKET BY TYPE, BY COUNTRY, 2018-2023
TABLE 10 ROW AUTOMOTIVE FASTENERS MARKET BY TYPE, BY COUNTRY, 2018-2023
List Of Figures:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
FIGURE 8 GLOBAL AUTOMOTIVE FASTENERS MARKET SHARE, BY TYPE, 2017 (%)
FIGURE 9 GLOBAL AUTOMOTIVE FASTENERS MARKET, BY TYPE, 2018-2023 (USD MILLION)
FIGURE 10 GLOBAL AUTOMOTIVE FASTENERS MARKET SHARE, BY MATERIAL, 2017 (%)
FIGURE 11 GLOBAL AUTOMOTIVE FASTENERS MARKET, BY MATERIAL, 2018-2023 (USD MILLION)
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