Press release
Automotive Fastener Market Insights | Key Players: Bulten AB (Sweden), KAMAX (Germany), Sundram Fasteners (India), Stanley Black & Decker (US), Shanghai Prime Machinery Company (China)
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“The semi-permanent fastener segment is estimated to be the fastest growing segment of the automotive fastener market, in terms of value”
Semi-permanent fasteners, such as cotter pin, can be disassembled. The semi-permanent automotive fastener is the upcoming trend in the automotive industry. Semi-permanent fasteners segment is expected to show comparatively higher growth in future due to its wide use in automobiles. It can be used in almost all components of a vehicle. Wide application and advantages over permanent fasteners will drive the growth of semi-permanent fasteners in the coming years.
“The Rest of World region is estimated to be the fastest growing market for the automotive fasteners in terms of value”
The increasing production of vehicles, specifically in Brazil and Russia, is expected to drive the automotive fastener market in the Rest of World region. The electric, self-driving, and connected vehicles are global trends and will potentially make the largest impact on the development of the region’s car market. The support of the Russian and Brazilian governments to the relevant projects will boost the automotive fastener market in the region.
The ecosystem of the automotive fastener consists of established fasteners manufacturers such as Bulten AB (Sweden), KAMAX (Germany), Sundram Fasteners (India), Stanley Black & Decker (US), Shanghai Prime Machinery Company (China), SFS Group (Switzerland) and Lisi Group (France). It also comprises a few other players such as Meidoh Co. (Japan), Nipman Fasteners (India), Piolax (US), Westfield Fasteners (UK), Fontana Gruppo (Italy), Bollhoff (Germany), Nedshroef (Netherlands), Nifco Group (Japan), Boltun Corporation (Taiwan), Chanshu City Standard Parts (China), Wurth Group (Germany), and Simmonds Marshall (India).
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