Automotive Fasteners Market Size, Share, Growth, Global Trends, Industry Analysis, Key Vendors, Competitive Analysis, Sales, Demand, Forecast Till 2023
“Automotive Fasteners Market is projected to witness ~4.5% CAGR by 2023”
Pune, India – March 28, 2019 /MarketersMedia/ —
Automotive Fasteners Market Global Industry Report published by Market Research Future. Report provides Global Automotive Fasteners Market Analysis by Size, Share, Growth, Trends, Key Players, Segmentation and Regional Analysis. Global Automotive Fasteners Market is Expected to grow at high CAGR of ~4.5% during Forecast Period 2019-2023.
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Key Players Analyzed in Automotive Fasteners Market are-
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.
Automotive Fasteners Market Overview:
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. The continuous growth in the sales of automobiles and the growing automotive components industry drive the automotive fasteners market. Global automotive fasteners market has seen high growth and expected to rise at a CAGR of ~4.5%.
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. 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:
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.
Scope of Report:
The report for Global Automotive Fasteners Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecast market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments 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
Continue….
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