Automotive Fasteners Market Outlook, Strategies, Industry, Growth Analysis, Future Scope, key Drivers Till 2023
10/ott/2019 11:28:13 Automotive Market Research Reports Contatta l'autore
Global automotive fasteners market has seen high growth; expected to rise at a CAGR of ~4.5%. The continuous growth in the sales of automobiles and the growing automotive components industry drive the automotive fasteners 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 fasteners market.
Some of the eminent players operating in the global automotive fasteners market include Westfield Fasteners Limited (UK), Permanent Technologies Inc. (US), The Phillips Screw Company (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), Bulten AB (Sweden), and KOVA Fasteners Pvt Ltd (India).
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Automotive Fasteners Market Overview
Global Automotive Fasteners Market Regional Analysis
Region-wise, the automotive fasteners market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC). APAC has captured the position in the global automotive fasteners market. The prolific growth of the automotive industry has generated massive demand for automotive fasteners in the region. The automakers in the region are endeavoring to achieve various standards by investing heavily on high-performance fasteners. Europe too accounts for an advantageous share of the automotive fasteners market. The region is a major automotive manufacturing hub and produces a number of high-end automobiles, where high-performance fasteners are invariably used. Europe is concentrated with leading automotive OEMs, which gives it a competitive advantage over other markets. Europe is expected to capture the highest CAGR over the forecast period.
Scope of the Report
This is an overview of the global automotive fasteners market, tracking of three segment segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. Reporting, forecasting, focusing on market opportunities for the next five years for each region. The global automotive fasteners market by type, materials, distribution channel, end-use, and regions.
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