Automotive Fasteners Market 2018 Global Industry Forecast to 2023 Report, is latest Automotive Fasteners Market Global Industry Analysis research report published by “Market Research Future” one of the leading company in Global Market Research and Consulting Services.
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Automotive Fasteners Market is poised to grow on strong CAGR of 4.5% by 2023 Globally. For depth analysis, Global Automotive Fasteners Industry is segmented by Type (Threaded, Non-Threaded), Material (Iron, Aluminum, Brass, Nickel, Others), Distribution Channel, End-use (Removable, Semi-Permanent, Permanent) and Region.
Global Automotive Fasteners Market Highlights:
Automotive Fastener Market Top Leaders Studied in this report are: 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.
The region-wise analysis of the Automotive Fastener market globally has been segmented into the regions such as Europe, North America, Asia Pacific, and the Rest of the World.
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Asia-Pacific is expected to hold the highest market share in terms of both, value and volume, owing to the increased sales in the aftermarket of fasteners in Asia-Pacific. The rapid increase in the sales of automobiles in the market of Asia-Pacific will increase the size of the global automotive fasteners market. Increase in infrastructure development, increased sales of different automobiles, and trend of using high-performance fasteners in automobiles will boost the sales of the product in Asia-Pacific and open opportunities in the region.
Europe is expected to lead in terms of CAGR during the forecast period. Presence of top manufacturers of automobiles and their parts in Europe will minimize the costs and enhance sales due to increased demand for quality and innovative design within automotive fasteners and growing sales .
Europe is estimated to hold the highest revenue market share in the base year and is expected to dominate during the forecast period. The presence of automobile manufacturers in Germany, the UK, Italy, Belgium, Sweden, and Russia is expected to drive the growth of the Automotive Fastener market in Europe as these regions have a continuous demand for steer-by-wire systems in vehicles to the comfort level.
Automotive Fasteners Industry Growth Factors And Restraints:
The continuous growth in the sales of automobiles and the growing automotive components industry drive the automotive fasteners global market. The growing need for technical development and design improvement in automotive fasteners will increase the demand in the global market for automotive fasteners. The trend for using replaceable fasteners in vehicles will further increase the ease of use for automotive fasteners and boost the market growth. The increased demand for vehicle stability and reduced vehicle weight will lead to the preference of fasteners over welding. This will be a growth opportunity for the global automotive fastener market. In recent times, manufacturers have majorly been focusing on improving the design and quality of fasteners. They have been acquiring design companies for enhancing the designs of their automotive fasteners.
However, there are various substitutes in the global market for automotive fasteners such as welding and clinching, which might hinder the market growth. Moreover, the large unorganized aftermarket for automotive fasteners might also be a challenge for the manufacturers.
Automotive Fasteners Market Segments Analyzed:
Global automotive fastener market is segmented on the basis of type, material, distribution channel, end-use, and region.
On the basis of type, the market has been segmented as threaded and non-threaded.
On the basis of material, the market has been segmented as iron, aluminum, stainless steel, nickel, and others.
On the basis of distribution channel, the market has been segmented as OEM and aftermarket.
On the basis of end-use, the market has been segmented as removable, semi-permanent, and permanent.
Table Of Contents:
TABLE 1 AUTOMOTIVE FASTENER MARKET: BY REGION, 2018–2023
TABLE 2 NORTH AMERICA AUTOMOTIVE FASTENER MARKET: BY COUNTRY, 2018–2023
TABLE 3 EUROPE AUTOMOTIVE FASTENER MARKET: BY COUNTRY, 2018–2023
TABLE 4 ASIA-PACIFIC AUTOMOTIVE FASTENER MARKET: BY COUNTRY, 2018–2023
TABLE 5 ROW AUTOMOTIVE FASTENER MARKET: BY COUNTRY, 2018–2023
TABLE 6 GLOBAL AUTOMOTIVE FASTENER MARKET, BY TYPE, BY REGIONS, 2018–2023
TABLE 7 NORTH AMERICA AUTOMOTIVE FASTENER MARKET, BY TYPE, BY COUNTRY, 2018–2023
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