openPR Logo
Press release

Automotive Fastener Market Boosting the Strong Growth Worldwide to 2027

05-04-2021 04:15 PM CET | Logistics & Transport

Press release from: Global Market Insights Inc.

Automotive Fastener Market

Automotive Fastener Market

The automotive fastener market is poised to amass considerable gains owing to rapid expansion activities in the automobile sector. Over the years, the automotive industry has observed an exponential rise in vehicle demand, fundamentally driving the requirement for fastener. Customers are increasingly demanding for vehicles with enhanced safety features.

Improvement in automotive component toughness and quality as well as mechanical enhancements could play a vital role in driving the adoption of fasteners. The ability to easily replace these clasps by users have supported the deployment of fasteners in new vehicles.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1989

Growing inclination towards lightweight fasteners due to rising demand for fuel-efficient vehicles may enhance business outlook over the forthcoming years. While growing demand for lightweight fasteners over welding could significantly boost the automotive fastener market size.
On this note, Global Market Insights, Inc., predicts that the automotive fastener market could cross USD 20 billion by the year 2026.

Diminishing growth of the global automotive sector since 2018 could impede automotive fastener industry share. Rampant spread of coronavirus has compelled various automotive companies to enforce lockdown to protect their employees. This halt in global automotive economy could negatively impact the product demand in the future.

Earlier in 2019, the automotive OEMs segment were considered to amass a volume share of more than 45%, and is expected to maintain this healthy growth over the forecasted period. Apart from OEMs, automotive fasteners can also be bought from aftermarket suppliers.

Based on materials, the automotive fastener industry is bifurcated into steel, plastic, and metallic fasteners like aluminum, brass, and copper. Fastener made out of brass is very popular as it is largely used in adjoining several door clamps and engine components.

Ask For Customization According to COVID-19 Impact Analysis @ https://www.gminsights.com/roc/1989

On the regional front, North America is considered to be a lucrative market for the automotive fastener manufacturers. Estimates suggest that the region is likely to cover over 15% of the global market within the projected timeframe.

This growth can be attributed to the numerous ongoing and future automotive developmental activities being conducted within the region. This would ensure healthy growth prospects to the region’s vehicle fastener market over the next few years.

In a bid to ascertain a dominant position over the vehicle fastener market, several industry players are undertaking organic growth strategies like inking merger or partnership deals, launching new products, and acquiring new assets. As of now, the Automotive Fastener Market is being led by companies like Agrati Group, Fontana, KOVA Fasteners, KAMAX, Sundram Fasteners Limited, Bulten AB, Westfield Fasteners, Shanghai Prime Machinery Company and SFS Group, IWT Inc.

Table of Contents (ToC) of the report:

Chapter 1. Methodology & Scope
1.1. Methodology
1.2. Market definition
1.3. Market estimation & forecast parameters
1.3.1. COVID-19 impact calculations on industry forecast
1.4. Data sources
1.4.1. Primary
1.4.2. Secondary
1.4.2.1. Paid sources
1.4.2.2. Public sources

Chapter 2. Automotive Fastener Market Summary
2.1. Automotive fasteners industry 360° synopsis, 2016 – 2026
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Materials trends
2.1.4. Characteristic trends
2.1.5. Distribution trends
2.1.6. Application trends
2.1.7. Regional trends

Chapter 3. Automotive Fastener Market Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2016 – 2026
3.3. Industry ecosystem analysis
3.3.1. Value addition
3.3.2. Distribution channel analysis
3.3.3. Value chain disruption analysis (COVID-19 impact)
3.3.4. Vendor matrix

Get Complete Synopsis of the Report @ https://www.gminsights.com/toc/detail/automotive-fastener-market

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Fastener Market Boosting the Strong Growth Worldwide to 2027 here

News-ID: 2279726 • Views:

More Releases from Global Market Insights Inc.

Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Included – Dow Dupont Inc., BASF SE, Clariant AG & More
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application. The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - Walmart, Costco Wholesale Corporation, LGM Pharma
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil. Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Trends to 2024 | MFG Chemicals, Huntsman Corporation, and Stepan Company
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024. Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care. Sulfosuccinates are mainly a mild type
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/233 Top Key Players in The Market are: Graphenea S.A., Applied Graphene Materials plc, ACS

All 5 Releases


More Releases for Fastener

Marine Fastener Market Size Analysis by Application, Type, and Region: Forecast …
According to Market Research Intellect, the global Marine Fastener market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period. Due to the growing worldwide maritime sector, the marine fastener market is expected to increase significantly. This increase
Automotive Fastener Market Is Booming Worldwide | Illinois Tools Work, Atotech, …
Advance Market Analytics published a new research publication on "Automotive Fastener Market Insights, to 2030" with 232+ pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Automotive Fastener market was mainly driven by the increasing R&D spending across the world. Some of the Major Key Players
Marine Fastener Market to Witness Huge Growth by Key Players: Go2marine,Bainbrid …
The Latest research report on the "Marine Fastener Market (2023-2029)" - A fundamental analysis of market categories and subdivisions, including product types, applications, companies, and regions, is provided in this industry research analysis. In this press release, we are thrilled to introduce the newest report on the Marine Fastener Market for the year 2023. This comprehensive report analyzes the current market trends, growth opportunities, challenges, and future prospects of the
Engine Fastener Market 2032
The Engine Fastener Market Research Report provides an in-depth analysis of the market dynamics, key players, and competitive landscape of the Engine Fastener industry. It aims to provide valuable insights into the market trends, growth opportunities, and challenges faced by the industry stakeholders. The report serves as a comprehensive guide for businesses and investors looking to make informed decisions in the Engine Fastener business. The Engine Fastener Market share is influenced
Future fastener developing trends
AEROSPACE FASTENER DEMAND: Fasteners-the small parts, but they are an indispensable key component to support and connect the entire aircraft. According to Boeing and Airbus' forecast, the global aircraft demand in the next 20 years will exceed 40,000 aircraft, which even does not include military airplanes and helicopters. The number of fastener demand on each aircraft is millions at least. In terms of aluminum fastener sizes, aerospace fasteners with a diameter
Global Plow Bolts Market Analysis 2020 MW Industries, Canco Fastener, Shanghai T …
Plow Bolts: Regional and Global Market Opportunities - Key Competitors, Industry Segments, and Strategic Analysis, 2020-2025 The market study is primarily based on primary and secondary data collected through systematic research approach. The research approach is defined by expert market analysts in line with business consultants and international research standards. Economic, political, and environmental regulations for Plow Bolts market are examined to draw the conclusion on macroeconomic business environment. The market