Global Automotive Fasteners Market Research Report: Information by Type (Threaded, Non-Threaded), Material (Iron, Aluminum, Brass, Nickel, Others), by Distribution Channel, End-use (Removable, Semi-Permanent, Permanent) and by Region with Forecast till 2023. Global Automotive Fasteners Market Is Likely to Witness Growth At 4.5% CAGR by 2023
Some of the eminent players operating in the global automotive fasteners market include Westfield Fasteners Limited (UK), Permanent Technologies Inc. (US), The Phillips Screw Company (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), Bulten AB (Sweden), and KOVA Fasteners Pvt Ltd (India).
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Automotive Fasteners Market Overview
Automobiles must perform in tough environments, and various automotive components must be fastened with a high degree of accuracy as it is critical to keep the automobiles running reliably. Automotive fasteners ensure the addition of an extra layer of quality control in automobiles. Market Research Future (MRFR) has published a comprehensive report on the global automotive fasteners market, covering the key dynamics that are likely to impact the growth of the market in the coming years. MRFR has primed the growth of the global automotive fasteners market to be steady at a CAGR of 4.5% over the forecast period of 2018-2023. It is impossible to overstate the importance of fasteners in automobiles as they hold parts of vehicles together. In the eventuality of fasteners becoming lose, various problems might be experienced in vehicles and might also result in tragic car accidents. With advances in engineering techniques, advanced, high-performance automotive fasteners are being developed by manufacturers which are easy to install, require minimum space, highly resistant to shock and vibrations, and suitable for a wide range of applications. In July 2019, MacLean-Fogg, a leading supplier of fastener components, engineered plastics, and engineered components, and Richard Bergner Verbindungstechnik GmbH & Co. KG (RIBE), a company possessing advanced manufacturing capabilities in the production of specialty fasteners and precision cold-formed parts, invested in a joint venture named Aluform USA. The Aluform product line combines the strengths of both the companies and would help the automotive industry achieve their lightweight efforts by bringing in their high-strength, lightweight fasteners. Increase in the sales of automobiles across the globe is the primary reason that is supporting the growth of the market. The consolidating trend of using replaceable fasteners in vehicles is likely to further augment the growth of the automotive fasteners market. Concurrently, the growth of the automotive fasteners market might be hindered by the availability of alternatives such as welding and clinching. Additionally, the automotive fasteners aftermarket is highly unorganized, which might be disruptive to the growth of the market.
Automotive Fasteners Market Segmentation
The automotive fasteners market has been segmented based on type, material, distribution channel, and end-use. Based on type, the automotive fasteners market has been segmented into threaded and non-threaded. Based on material, the automotive fasteners market has been segmented into iron, aluminum, stainless steel, nickel, and others. Based on distribution channel, the automotive fasteners market has been segmented into OEM and aftermarket. Based on end-use, the automotive fasteners market has been segmented into removable, semi-permanent, and permanent.
Global Automotive Fasteners Market Regional Analysis
Region-wise, the automotive fasteners market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC). APAC has captured the foremost position in the global automotive fasteners market. The prolific growth of the automotive industry has generated massive demand for automotive fasteners in the region. The automakers in the region are endeavoring to achieve various standards set by the government in terms of fuel efficiency and weight reduction and are investing heavily on high-performance fasteners. Europe too accounts for an advantageous share of the automotive fasteners market. The region is a major automotive manufacturing hub and produces a sizeable number of high-end automobiles, where high-performance fasteners are invariably used. Europe is concentrated with leading automotive OEMs, which gives it a competitive advantage over other markets. Europe is expected to capture the highest CAGR over the forecast period.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
5 GLOBAL AUTOMOTIVE FASTENERS MARKET, BY TYPE
5.1 INTRODUCTION
5.2 THREADED
5.2.1 MARKET ESTIMATES & FORECAST, 2018-2023
5.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
5.3 NON-THREADED
5.3.1 MARKET ESTIMATES & FORECAST, 2018-2023
5.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
6 GLOBAL AUTOMOTIVE FASTENERS MARKET, BY MATERIAL
6.1 INTRODUCTION
6.2 IRON
6.2.1 MARKET ESTIMATES & FORECAST, 2018-2023
6.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
6.3 ALUMINUM
6.3.1 MARKET ESTIMATES & FORECAST, 2018-2023
6.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
6.4 STAINLESS STEEL
6.4.1 MARKET ESTIMATES & FORECAST, 2018-2023
6.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
6.5 NICKEL
6.5.1 MARKET ESTIMATES & FORECAST, 2018-2023
6.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
6.6 OTHERS
6.6.1 MARKET ESTIMATES & FORECAST, 2018-2023
6.6.2 MARKET ESTIMATES & FORECAST BY REGION, 2018-2023
Continued…
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