Automotive Fastener - Global Market Outlook (2017-2026)
LONDON, August 8, 2018 /PRNewswire/ -- According to Stratistics MRC, the Global Automotive Fastener market is accounted for $20.02 billion in 2017 and is expected to reach $28.90 billion by 2026 growing at a CAGR of 4.2%. The major factors driving the market growth are rising vehicle production, new developments and trends in automotive fasteners and considerable growth in the global automotive industry. However, increase in unibody vehicle framing lay off mechanical joining components is hindering the market growth.
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Mechanical parts that enable to join two or more parts of a vehicle are known as automotive fasteners. Such products do not fasten permanently thus allowing parts of the vehicle to dismantle without damaging any part. These are generally used for the clamping parts of vehicle together to avoid their separation or wobbling, transmitting loads as well as to thwart leakage of joint.
Based on characteristics, removable automotive fasteners segment facilitate the parts to be detached readily without any damage. These fasteners can be installed and removed easily with the help of hand tools. It has a long life and can be used multiple times. The penetration of removable fastener in automobiles is high due to its properties. By material type, plastic fastener is estimated to have the highest growth owing to the rising need to reduce vehicle weight. The growing demand for automobile weight reduction and fuel efficiency will decrease the use of metals such as stainless steel and iron and will raise the use of lightweight materials like plastic.
By geography, Asia Pacific is estimated to be the largest market for the automotive fasteners due to the growing manufacture of vehicles in China, Japan, and India and rising demand for electric vehicles are likely to drive the market in the region. The government rules for lightweight vehicles have led to advancements in technology for manufacturing lightweight and durable products. North America automotive fasteners market has a considerable share owing to the presence of OEMs and after sales centres that provide to local as well as overseas demand. Additional, presence of key manufacturing companies including, Fords and General Motors has improved the product demand in the region.
Some of the key players in global automotive fastener market include LISI Group, Nipman Fasteners, Stanley Black & Decker, Shanghai Prime Machinery Company Limited, Westfield Fasteners Limited, Würth Group, Fontana Gruppo, Nifco Group, Simmonds Marshall Limited, Bollhoff, Meidoh Co. Ltd., Bulten Ab, Kamax, SFS Group AG, Nedschroef and Boltun Corporation.
Characteristics Covered:
• Permanent Fastener
• Semi-Permanent Fasteners
• Removable Fastener
Products Covered:
• Non-Threaded Fastener
• Threaded Fastener
Material Types Covered:
• Aluminium
• Nickel
• Bronze
• Stainless Steel
• Plastic
• Brass
• Iron
Vehicle Types Covered:
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Passenger Car
Electric Vehicle Types Covered:
• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
• Hybrid Electric Vehicle (HEV)
Coating Types Covered:
• Cadmium Coating
• Zinc Coating
• Dry Film Lube Coating
• Passive Coating
Applications Covered:
• Chassis
• Steering
• Interior Trim
• Engine
• Transmission
• Front/Rear Axle
• Power train
• Electric Mechatronics
• Car body
• Other Applications
End Users Covered:
• Aftermarket
• OEM (Original Equipment Manufacturers)
Regions Covered:
• North América
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• Italy
• France
• Spain
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Austrália
• New Zealand
• South Korea
• Rest of Asia Pacific
• South América
• Argentina
• Brazil
• Chile
• Rest of South America
• Middle East & África
• Saudi Arabia
• UAE
• Qatar
• South África
• Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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