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Automotive Fasteners Market 2019 Global Industry Size, Share, Latest Trends, Key Competitors, Manufacturers, Growth Analysis, Forecast Till 2023

Automotive Fasteners Market expected to gain 4.5% CAGR growth forecast period 2018-2023, Automotive Fasteners Market Categorized by Material Type, Application and Region

Pune, India – February 27, 2019 /MarketersMedia/

Automotive Fasteners Market Overview:

Automotive fasteners are used to hold parts and prevent leakage in vehicles by joining to two or more parts through replaceable and permanent rivets. They play a significant role in improving the performance of the vehicle by using lightweight, good quality material, and high-performance fasteners. The increase in sales of automobiles and the demand for lightweight vehicles will influence the sales and market revenue. Growing awareness about fasteners benefit the global market, increasing the demand for quality fasteners that are light in weight, will boost the growth of the market during the forecast period.

Automotive Fasteners Market is projected to witness ~4.5% CAGR by 2023

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Key Players:
The prominent players in the automotive fasteners market include The Phillips Screw Company (US), Permanent Technologies Inc. (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), KOVA Fasteners Pvt Ltd (India), Bulten AB (Sweden), and Westfield Fasteners Limited (UK) are among others.

Market Research Analysis:

In terms of region, the global market for the automotive fasteners is divided into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is expected to hold the highest market share in terms of both, value and volume, owing to the increased sales in the aftermarket of fasteners in Asia-Pacific. The rapid increase in the sales of automobiles in the market of Asia-Pacific will increase the size of the global automotive fasteners market. Increase in infrastructure development, increased sales of different automobiles, and trend of using high-performance fasteners in automobiles will boost the sales of the product in Asia-Pacific and open opportunities in the region. Europe is expected to lead in terms of CAGR during the forecast period. Presence of top manufacturers of automobiles and their parts in Europe will minimize the costs and enhance sales due to increased demand for quality and innovative design within automotive fasteners and growing sales.

Growing automotive component market and an increase in sales of various automobile components will create opportunities for manufacturers in the automotive fasteners market. Furthermore, increased sales of components will increase merger and acquisition initiatives in the market for automotive fasteners. However, alternatives such as welding will majorly restrain the growth of the automotive fasteners. Growing unorganized sector will hamper the growth of the manufacturers in the global automotive fasteners market.

Automotive Fasteners Market Segmentation:

Global automotive fasteners market is segmented on the basis of type, material, distribution channel, end-use, and region.

On the basis of type, the market has been segmented as threaded and non-threaded.

On the basis of material, the market has been segmented as iron, aluminum, stainless steel, nickel, and others.

On the basis of distribution channel, the market has been segmented as OEM and aftermarket.

On the basis of end-use, the market has been segmented as removable, semi-permanent, and permanent.

Regional Analysis:

Geographically, the global automotive fasteners market has been segmented into the four major regions of North America, Europe, Asia-Pacific, and the Rest of the World. The global automotive fasteners market in Asia-Pacific is expected to grow during the forecast period followed by Europe. Developing countries such as China and India and developed countries such as Japan that are the major hubs for automotive industry, will boost the market share for Asia-Pacific. Growing automotive fasteners sales in the aftermarket will further enhance the sales in Asia-Pacific market. In Europe, the increased manufacturing of vehicles is expected to increase the demand for automotive fasteners which will enhance the market in the future.

Scope of the Report:

This study provides an overview of the global automotive fasteners market, tracking three market 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. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive fasteners market by type, materials, distribution channel, end-use, and regions.

Table of Contents

1.Executive Summary

2.Scope of The Report

2.1. Market Definition

2.2. Scope of The Study

2.2.1. Definition

2.2.2. Research Objective

2.2.3. Assumptions

2.2.4. Limitations

2.3. Research Process

2.3.1. Primary Research

2.3.2. Secondary Research

2.4. Market Size Estimation

2.5. Forecast Model

3.Market Landscape

3.1. Porter s Five Forces Analysis

3.1.1. Threat of New Entrants

3.1.2. Bargaining Power of Buyers

3.1.3. Threat of Substitutes

3.1.4. Segment Rivalry

3.1.5. Bargaining Power of Buyers

3.2. Value Chain/Supply Chain Analysis

Continued

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Info:
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Organization: Market Research Future
Address: Office No. 528, Amanora Chambers, Magarpatta Road, Hadapsar
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Website: https://www.marketresearchfuture.com/reports/automotive-fasteners-market-6399

Source URL: https://marketersmedia.com/automotive-fasteners-market-2019-global-industry-size-share-latest-trends-key-competitors-manufacturers-growth-analysis-forecast-till-2023/486763

Source: MarketersMedia

Release ID: 486763

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