Press release
Automotive Fasteners Market Size & Share - Industry Trend and Forecast 2018 - 2026
The main objective of this report is to define, describe, and forecast the global “Automotive Fasteners” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Global Automotive Fasteners Market: Overview
Mechanical parts that enable to bind two or more parts of a vehicle are known as automotive fasteners. Such products do not fasten permanently thus allowing parts of the vehicle to assembled or dismantled without damaging any part. Different materials, namely iron, stainless steel, aluminum, nickel, brass, and plastic are used to make automotive fasteners. The latter can be customized to produce different kinds of shapes and designs. Various coatings are used to thwart wobbling and leakage in joints.
At present the threaded fasteners, which have internal and external screw threads and find usage for both assembling and disassembling, are seeing surging demand in the automotive fasteners market. Threaded fasteners, apart from being comprised of screws which are witnessing maximum uptake, also consist of nuts, rivets, and studs. Depending upon characteristics, automotive fasteners are of three types: permanent, semi-permanent, and removable. Of them, semi-permanent holds most of the share in the market because of its widespread usage in a range of components.
Global Automotive Fasteners Market: Key Trends
At the forefront of driving demand in the global market for automotive fasteners is the massive production of automobiles in response to continuously soaring demand. In fact, demand has skyrocketed in the past couple of years on account of increased spending capacity of people and growing urbanization worldwide. Further, emergence of more advanced automotive technology and superior materials resulting in more cutting-edge automotive fasteners is also positively impacting the market. The easily replaceable nature of automotive fasteners egging consumers to purchase those for their vehicles is also positively impacting the aftermarket of automotive fasteners.
On the flipside, however, substitutes such as welding and clinching is stopping the market for automotive fasteners from reaching its full potential. Besides, rise in unibody vehicle framing lay off mechanical joining components is also hampering the market. Nevertheless, the market will rise steadily owing to surging car sales. Passenger vehicles, particularly, are contributing to it on account of the solid demand for personal cars and lowering rates for car loans. Commercial vehicles too are driving sales of automotive fasteners.
Global Automotive Fasteners Market: Regional Outlook
From a geographical standpoint, Asia Pacific leads the market for automotive fasteners, powered mainly by the large developing economies of India and China. Both production and consumption of passenger and commercial vehicles is high in the two regions on account of their large populations and their increasing wealth. While consumption is high on account of their fast developing economies which has uplifted millions out of poverty and provided them with money to splurge on better lifestyle, production is also high because of cheaper land and labor. Other ley nations in the region are South Korea and Japan.
Global Automotive Fasteners Market: Competitive Dynamics
Some of the prominent players in the market for automotive fasteners are The Phillips Screw Company, Permanent Technologies, Inc., Fastener Technology, Atotech, Shanghai Tianbao Fastener Manufacturing Co., Ltd., Shamrock International, Stanley Engineered Fastening, Acument Global Technologies, Jiangsu Xing Chang Jiang International Co., Ltd., Nifco Inc., KOVA Fasteners Pvt Ltd., Bulten AB, Westfield Fasteners Limited, APL, and Birmingham Fastener and Supply Inc.
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The report segments the Global Automotive Fasteners Market into the following:
The Global Automotive Fasteners Market, by Material
Iron
Aluminum
Brass
Nickel
Stainless steel
Plastic
The Global Automotive Fasteners Market, by Characteristic
Removable
Semi-permanent
Permanent
The Global Automotive Fasteners Market, by Type
Threaded -
Nuts
Screws
Rivets
Studs
Non threaded –
Snap rings
Clips
The Global Automotive Fasteners Market, by Distribution Channel
OEM (Original Equipment Manufacturers)
Aftermarket
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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