In the world economic growth, the Automotive Fasteners industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Automotive Fasteners market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Automotive Fasteners market size will be further expanded, we expect that by 2024, The market size of the Automotive Fasteners will reach XXX million $.
Overview
Auto fasteners are mechanical parts that are used to connect and hold together two or more vehicles, whether it is an automobile, motorcycle, or car. There are different kinds of auto-attached fittings such as locking, tension, and non-tension and are available in different sizes, materials, and threading. The most commonly used automotive fastening parts are nuts, bolts, screws, pins, and pads. The global automotive fasteners market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global automotive fasteners market is expected to witness significant growth during the forecast period, owing to ease in availability of raw materials.
Market Drivers
Increasing adoption of lightweight automotive materials to reduce vehicle weight is expected to drive growth of the global automotive fasteners market during the forecast period. Key companies in the automotive industry are focused on continuous R&D activities to develop lightweight materials so the vehicle weight can be reduced. For instance, in March 2021, Stahl Holdings B.V. launched next-generation solutions for lightweight automotive leather. Hence, such factors are expected to drive growth of the global automotive fasteners market during the forecast period. Furthermore, ease in variability raw materials is expected to propel the global automotive fasteners market growth over the forecast period.
Market Restraint
Dip in the automotive industry in the recent past is expected to hamper the global automotive fasteners market growth over the forecast period.
Regional Insights
Among regions, Asia Pacific is expected to witness significant growth in the global automotive fasteners market during the forecast period. This is owing to the surging production of vehicles and increasing aftermarket sales of vehicle fasteners in the region. Furthermore, North America is expected to register a robust growth rate, owing to the large presence of major automotive manufacturers such as Ford and Chevrolet.
Competitive Section
Major companies involved in the global automotive fasteners market are Würth, Precision Castparts, KAMAX, ZF TRW, Keller & Kalmbach, Dongfeng Auto, Chongqing Standard, ITW, and Nifco.
For instance, in October 2019, PennEngineering launched a new microPEM ClampDisk press-on fastener.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
Würth
Araymond
ITW
KAMAX
STANLEY
Aoyama Seisakusho
Meidoh
LISI
NORMA
Nifco
Meira
ZF TRW
Precision Castparts
Topura
Chunyu
Boltun
Fontana
Sundram Fasteners
SFS intec
Samjin
Keller & Kalmbach
Piolax
Böllhoff
EJOT Group
GEM-YEAR
RUIBIAO
Shenzhen AERO
Dongfeng Auto
Chongqing Standard
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Threaded Fasteners
Non-threaded Fasteners
Industry Segmentation
Automotive OEM
Aftermarket
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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