Press release
Ongoing Forecast Study on Automotive Fasteners Market to Map Its Growth for 2016 - 2026 Period
Automotive fasteners market: Drivers and Restraints
The flourishing automobile industry and the vital importance of fasteners in automobiles is a key driving factors of automotive fasteners market. The technical developments and improvements in the quality and durability of fasteners is another driving factor in the automotive fasteners market. The easy replaceable nature of automotive fasteners makes it convenient for the end use consumers to purchase fasteners for their vehicles that would further boost the aftermarket of automotive fasteners.
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However, the alternative to automotive fasteners such as clinching and welding can slowdown the growth of automotive fasteners market.
Automotive fasteners market: Segmentation
On the basis of material used, the automotive fasteners market segmented as follows:
Iron
Aluminum
Brass
Nickel
Stainless steel
Plastic
On the basis of characteristics, the automotive fasteners market segmented as follows:
Removable
Semi-permanent
Permanent
On the basis of types, the automotive fasteners market segmented as follows:
Threaded -
Nuts
Screws
Rivets
Studs
Non threaded –
Snap rings
Clips
On the basis of Coating, the automotive fasteners market segmented as follows:
Passivated coating
Cadmium coating
Dry film lube coating
On the basis of distribution channel, the automotive fasteners market segmented as follows:
OEM (Original Equipment Manufacturers)
Aftermarket
Automotive fasteners market: Region wise outlook
The global fasteners market is segmented into the seven regions which includes North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East and Africa. Europe is the market leader in the automotive fasteners market owing to the largest global automobile hub. APEJ is the second major contributor in the automotive fasteners market due to the growth in the vehicles market and the aftermarket sale of the fasteners. The automobile companies such as General Motors, and Ford is making USA a significant country in the region of North America. Japan is flourishing in the automotive fasteners market because of the automobile giants like Toyota, Suzuki. Latin America and Middle East and Africa are at a nascent stage in the automotive fasteners market and is expected to have a modest CAGR in the forecast period.
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Automotive fasteners market: Key players
Some of the global players identified in the automotive fasteners market are as follows:
Permanent Technologies, Inc.
Phillips screw company
Westfield Fasteners Limited
com Inc.
Atotech Deutschland GmbH
Stanley Engineered Fastening
PennEngineering
Shanghai Tianbao Fastener Manufacturing Co., Ltd.
Jiangsu Xing Chang Jiang International Co., Ltd.
Shamrock International Fasteners
Birmingham Fastener, Inc.
Sundram Fasteners Limited
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