Automotive Fasteners Market Analysis 2018-2023 By Growth, Size, Share, Trends, And Region Forecast

Automotive Fasteners Market Research Report 2018 - Global Industry Forecast to 2023, is published report on Global Automotive Fasteners Industry Analysis. Global Automotive Fasteners Market Size growing at the CAGR of 4.5%. The report offers insights on the leading market players and evaluates their current market share.

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Key Industry Players In Automotive Fasteners Market Studied in Report 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.

Market Scenario:

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.

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.

Major Table of Content:

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 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued…

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