Fasteners are the mechanical components that holds, joins or affixes two or more parts together, automotive industry is the largest market for the fastener. Automotive fasteners are made up of various materials such as Iron, Aluminum, Brass, Nickel, Stainless steel, Plastic, they are further classified with their distinct characteristics. Automotive fasteners are generally used for the clamping parts of vehicle together to avoid their separation or wobbling, transmitting loads as well as to prevent leakage of joint. Automotive fasteners comes in various shapes and coatings, colours to meet the demand of automotive fastening market along with the attractive designs and quality. Over the last decade various companies are involved into the technological research and development of the automotive fasteners, which resulted into superior quality fasteners and the growth of automotive fasteners market. Overall, the automotive fasteners market is expected to show a modest CAGR over the forecast period.
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Automotive fasteners market: Drivers and Restraints
The flourishing automobile industry and the vital importance of fasteners in automobiles is a key driving factors of automotive fasteners market. The technical developments and improvements in the quality and durability of fasteners is another driving factor in the automotive fasteners market. The easy replaceable nature of automotive fasteners makes it convenient for the end use consumers to purchase fasteners for their vehicles that would further boost the aftermarket of automotive fasteners.
However, the alternative to automotive fasteners such as clinching and welding can slowdown the growth of automotive fasteners market.
Automotive fasteners market: Region wise outlook
The global fasteners market is segmented into the seven regions which includes North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East and Africa. Europe is the market leader in the automotive fasteners market owing to the largest global automobile hub. APEJ is the second major contributor in the automotive fasteners market due to the growth in the vehicles market and the aftermarket sale of the fasteners. The automobile companies such as General Motors, and Ford is making USA a significant country in the region of North America. Japan is flourishing in the automotive fasteners market because of the automobile giants like Toyota, Suzuki. Latin America and Middle East and Africa are at a nascent stage in the automotive fasteners market and is expected to have a modest CAGR in the forecast period.
Automotive fasteners market: Key players
Some of the global players identified in the automotive fasteners market are as follows:
- Permanent Technologies, Inc.
- Phillips screw company
- Westfield Fasteners Limited
- com Inc.
- Atotech Deutschland GmbH
- Stanley Engineered Fastening
- PennEngineering
- Shanghai Tianbao Fastener Manufacturing Co., Ltd.
- Jiangsu Xing Chang Jiang International Co., Ltd.
- Shamrock International Fasteners
- Birmingham Fastener, Inc.
- Sundram Fasteners Limited
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Automotive fasteners market: Segmentation
On the basis of material used, the automotive fasteners market segmented as follows:
- Iron
- Aluminum
- Brass
- Nickel
- Stainless steel
- Plastic
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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