Global Automotive Fasteners Strategic Analysis Report 2023-2030: Massive Engineering Interest in Lightweighting Catalyzes Fastener Material & Design Innovations

DUBLIN, Jan. 9, 2024 /PRNewswire/ -- The "Automotive Fasteners - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Automotive Fasteners Market to Reach $24.4 Billion by 2030

The global market for Automotive Fasteners estimated at US$17.6 Billion in the year 2022, is projected to reach a revised size of US$24.4 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2022-2030.

This report sheds light on how automotive fastener manufacturers grappled with the challenges posed by the pandemic. It provides an overview of the Global Key Competitors' Percentage Market Share in 2022, categorizing their Competitive Market Presence as strong, active, niche, or trivial.

The report starts with an introduction to automotive fasteners and their critical role in the automotive industry, emphasizing their role in holding vehicles together. It also delves into the various types of mechanical automotive fasteners and the importance of fastener finishing. A segmental overview highlights the different categories within the industry, such as bolts, nuts, washers, and others, showcasing the breakdown of value sales. The ubiquity of fasteners in automobile design is emphasized, revealing their crucial role in vehicle assembly.

Removable, one of the segments analyzed in the report, is projected to record 4.6% CAGR and reach US$14.8 Billion by the end of the analysis period. Growth in the Permanent segment is estimated at 3.6% CAGR for the next 8-year period. The report also touches upon the complexity of fasteners, emphasizing their deceptive simplicity. It discusses how modular manufacturing and production platforms have become the cornerstone of fastener demand, driving their importance in the automotive industry.

Global market prospects and outlook are explored, with dynamic elements that have the potential to amplify the growth of the automotive fasteners market. The Asia-Pacific region, as the largest auto production hub, dominates the global market, with about 55% share in world automobile production. The competitive scenario in the industry is detailed, highlighting the diverse strategies employed by players to remain competitive.

The U.S. Market is Estimated at $3.1 Billion, While China is Forecast to Grow at 8.2% CAGR

The Automotive Fasteners market in the U.S. is estimated at US$3.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.3 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 2.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.

What`s New?

• Special discussions on the global economic climate and market sentiment
• Coverage on global competitiveness and key competitor percentage market shares
• Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and trademarked research platform
• Complimentary updates for one year
• Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

• Thriving Trends Taking Automotive Fasteners Market to the Next Level
• Rise in Vehicle Recalls Due to Fastener Failure Fuels Emphasis on Quality
• Fastener Failures & Vehicle Recalls Create Pressing Need for Quality-Oriented Initiatives
• OEM Migration from Standard Parts to Customized Parts Drives the Importance of Customized Fasteners
• Changing Automotive Manufacturing Trends Impact Opportunities for Fasteners
• Automotive Lightweighting Forces Smarter & Tougher Fastener Innovations
• Massive Engineering Interest in Lightweighting, as Measured by the Robust Demand for Automotive Lightweight Materials, Catalyzes Fastener Material & Design Innovations: Global Automotive Lightweight Materials Market (In US$ Billion) for Years 2022, 2024 & 2026
• Lightweighting Benefits Spur the Commercial Value of Self-Tapping, Self Locking & Self Sealing Fasteners
• Growing Shift Towards Lightweight Materials in Automobile Construction Spurs Development of Self-Tapping & Self-Locking Fasteners: % Breakdown of Automotive Materials Used by Type for the Years 2017 & 2030
• Anticipated Stable Automobile Production to Fuel Growth Opportunities in the OEM Market
• World Automobile Production in Million Units: 2008-2022
• Global Production Capacity of the Automobile Industry (In Million Units) by Region for the Years 2017 and 2022
• Nearshoring Trend Positions Brazil & Mexico as a Strong Production Centers for CVs
• An Inevitable Rebound in Market Prospects to Encourage Growth in Sales of Fasteners: Global Commercial Vehicle Sales (In 000 Units) for Years 2018, 2020, 2022, 2024 & 2026
• How the Automotive Industry was Impacted by the Pandemic & What's the New Normal?
• Car Production YoY % Growth in 2020 Across Major Regional Markets
• Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
• Unprecedented Disruptions in the Supply Chain Triggered by COVID-19 Accelerates the Urgency to Rethink Supply Chain Management
• Unprecedented Losses Sustained in the Supply Chain Pushes Up the Focus on Resilience & Supply Chain Reinvention: Global Losses in Supply Chain as a % of Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) in the Year 2020
• How Are OEMs Responding?
• Automotive Fasteners Take Charge to Handle Thrilling Ride of Electric Vehicles
• Rising Passenger Car Density & Aging Vehicles Spur Opportunities in the Repair & Maintenance Services Sector
• Average Age of Light Vehicles (Car & Light Commercial Vehicles) in the US for Years 2010, 2018 and 2022E
• Tough Emission Control Regulations to Benefit Automotive Fasteners
• Transportation is the Biggest Contributor to GHG Emissions: Global CO2 Emissions (In Billion Metric Tons) for the Year 2021
• Demographic Trends Create Fertile Environment for Long-Term Growth of Automobile Market
• Urban Sprawl
• World Urban Population in Millions: 1950-2050
• Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
• Growing Affluence of Middle Class Population
• Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
• Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
• Large Base of Millennials
• Global Millennials Population Spread by Region (in %): 2021E
• Millennial Population as a Percentage (%) of Total Population in Developing Countries: 2021E
• Rising Living Standards
• Shape Memory Fasteners: The Future of Automotive Assembling
• Metal Fasteners Continue to Reign
• Plastic Fasteners Grow in Popularity
• Acceptance of Adhesive Fasteners Casts a Long Shadow of Threat Over Mechanical Fasteners
• Remote Fastening Technology: The Focus Area for Future R&D

FOCUS ON SELECT PLAYERS (Total 117 Featured)

• Avery Dennison Corporation
• APM Automotive Holdings Bhd.
• Bharat Forge Ltd.
• Acument Global Technologies, Inc.
• Adolf Wurth Gmbh & Co. KG (Wurth Group)
• AVK Industrial Products
• Arconic, Inc.
• ATF, Inc.
• Avibank Mfg., Inc.
• Aoyama Seisakusho Co., Ltd.
• A. Agrati SpA
• Armour Screw Company
• Avdel (India) Pvt. Ltd.
• Abbott Interfast LLC
• A & G Fasteners Pty Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/cspaqz

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