Automotive Fastener Market Scenario

Technological advancements in the field of automotive fastener and significant growth in the global automotive industry are some of the major factors propelling the automotive fastener market globally. Furthermore, significant developments in powertrain innovations is also one of the factor propelling the growth of automotive fastener market. However, emergence of alternatives for automotive fasteners is one of the major factor expected to hamper the global growth of the automotive fastener market.   

Automotive Fastener Market Segmentation

The Automotive fastener Market is segmented by Product, Material Type, Vehicle Type, Application and Geography. Various Products of automotive fastener market are Threaded Fastener and Non-Threaded Fastener. Furthermore, the Material Type studied in the report are Stainless Steel, Plastic, Aluminum, Iron, Bronze, Brass and Nickel. Likewise, the Vehicle Type comprises of Passenger Car, LCV and HCV. In addition, various Applications of this market are Engine, Chassis, Interior Trim, Front/Rear Axle, Steering, Transmission and Other. Based on Geography, the automotive fastener Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.

Automotive Fastener Market by Geography

Geographically, the automotive fastener market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. Among all the regions, the Asia Pacific is the largest market for automotive fasteners, owing to their large production and sales of vehicles. The government regulations for lightweight vehicles have directed to technology advancements for manufacturing lightweight and durable products in the region.

Automotive Fastener Market Key Players

Some of the major players operating in the global automotive fastener market includes Sundram Fasteners Limited, ITW, LISI Group, Shanghai Prime Machinery Company Limited, Bulten Ab, Stanley Black & Decker, SFS Group AG, Kamax, Meidoh Co. Ltd., Nipman Fasteners, Würth Group, Piolax, Westfield Fasteners Limited, Changshu City Standard Parts Factory, Fontana Gruppo, Simmonds Marshall Limited, Sterling Tools Limited, Bollhoff, Nedschroef, Nifco Group and Boltun Corporation. These players focus on inorganic strategies such as acquisitions, partnerships, agreements, and collaborations as well as organic strategies such as expansions and product launches & approvals to sustain their positions in the market.

Automotive Fastener Market Report Key Benefits

• The report offers changing market dynamics in the automotive fastener market, presenting historical, current and projected market size in terms of value (USD Million)
• The report comprises a detailed analysis of the factors that drive and restrict the growth of the global automotive fastener market.
• The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of automotive fastener
• It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the automotive fastener market performance
• Key players within the global automotive fastener market are profiled to understand the competitor scenario.