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