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The objective of the Automotive Fastener Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Automotive Fastener Market.
Market Insights – The Automotive Fastener Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Automotive Fastener Market are-
• ARaymond
• Bulten AB
• Illinois Tool Works Inc.
• KAMAX Holding GmbH & Co. KG
• LISI Group
• Meidoh Co. Ltd.
• NIPMAN Automotive Solutions
• PIOLAX, INC.
• Shanghai Prime Machinery Company Limited
• Stanley Black & Decker, Inc.
• The SFS Group AG
• The Würth Group
Growth drivers and Market Value:
This report, from Stratview Research, studies the Automotive Fasteners Market value and growth drivers over the trend period of 2019-24. According to the report -
Fasteners are used in a wide array of applications out of whcih the automotive industry is undoubtedly one of the largest segments. The market for fasteners in the automotive industry seems resilient and is likely to witness a healthy CAGR of 3.2% during the forecast period. Increasing automobile production across regions, especially in Asia-Pacific and Eastern Europe and increasing demand for electric and alternative powertrain vehicles are the major driving factors of the fasteners market in the automotive industry.
Segment Analysis:
Based on by Vehicle Type:
Based on the vehicle type, the market is segmented into passenger car, light commercial vehicle, and medium & heavy commercial vehicle. The passenger car segment is expected to remain the largest segment during the forecast period, propelled by a large production of passenger across the world. Increasing disposable income coupled with improving lifestyle, especially in emerging economies, such as China and India, are leading to a greater appetite of customers to buy passenger cars. In passenger car segment, hatchbacks and SUVs are creating a greater demand for fasteners.
Based on Regional:
In terms of regions, Asia-Pacific currently dominates the automotive fasteners market and is expected to maintain its leading position during the forecast period as well. China, Japan, South Korea, and India are the growth engines of the region. Increasing automobile production, especially in China and India, owing to rising population coupled with increasing disposable income, and a gradual shift of automobile manufacturing plants from the developed economies to China and India are the major factors generating a healthy demand for fasteners in the region.
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Critical Questions Answered in the Report
l What are the key trends in the global Automotive Fastener Market?
l How the Automotive Fastener Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Automotive Fastener Market?
l What are the key strategies adopted by the major vendors to lead in the Automotive Fastener Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Automotive Fastener Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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