Global Automotive Fasteners Market 2023 Emerging Trends, Recent Development, Industry Share And Forecast To 2032 | Major Players Are Illinois Tool Works Inc, KAMAX Holding GmbH & Co. KG, Lisi S.A, Stanley Black & Decker, Bulten AB

As per The Business Research Company's Automotive Fasteners Opportunities And Strategies Market Report 2023, The automotive fasteners market reached a value of nearly $26,925.1 million in 2022, having grown at a compound annual growth rate (CAGR) of 3.3% since 2017. The market is expected to grow from $26,925.1 million in 2022 to $33,266.2million in 2027 at a rate of 4.3%. The market is then expected to grow at a CAGR of 3.2% from 2027 and reach $38,913.4 million in 2032.

Supportive Government regulations are driving the growth of the automotive fasteners market during the forecast period. The government regulations are influencing the growth of the automotive fasteners market across the worldwide by mandating the installation of several automatic components in vehicles. For example, the Government of Japan (GOJ) set a target that by 2035, all new cars sold will be environmentally friendly. In addition, according to Business Korea, the South Korean government plans to lower the cost of electric vehicles for its consumers by nearly 10 million won ($9,000) in the next four years. The government also plans to increase the number of electric vehicles on the road to 2.83 million by 2025. Therefore, the government regulations are contributing to the growth of the automotive fasteners market during the forecast period.

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The use of self-clinching fasteners is a key trend gaining popularity in the automotive fasteners market. Self-clinching fasteners are easy to install fasteners that provide load carrying threads in metal sheets too thin to be tapped. For example, in June 2021, FIXI group, a Poland-based company that produces fasteners, fixing tools, threaded inserts, blind rivets, rivets, welding studs and wire inserts, introduced a new catalogue of self-clinching fasteners for use in sheet metal industries, including automotive. These included round and hexagonal nuts, threaded studs and unthreaded pins, blind standoffs, plus captive screws available in materials such as stainless steel, zinc plated steel, hardened stainless steel and aluminum.

The top opportunities in the automotive fasteners market segmented by product will arise in the threaded segment, which will gain $4,435.1 million of global annual sales by 2027. The top opportunities in the automotive fasteners market segmented by material type will arise in the steel segment, which will gain $2,195.9 million of global annual sales by 2027. The top opportunities in the automotive fasteners market segmented by propulsion will arise in the IC (internal combustion) engine vehicles segment, which will gain $5,390.1 million of global annual sales by 2027. The top opportunities in the automotive fasteners market segmented by application will arise in the engine segment, which will gain $2,263.7 million of global annual sales by 2027. The automotive fasteners market size will gain the most in China at $2,106.2 million.

Automotive Fasteners Market Segmentation:
The Automotive Fasteners Market is segmented by product, by material type, by propulsion, and by application.

By Product -
The automotive fasteners market is segmented by product into
a) Threaded
b) Non-Threaded

By Material Type -
The automotive fasteners market is also segmented by material type into
a) Iron
b) Steel
c) Aluminum
d) Brass
e) Plastic
f) Other Material Types

By Propulsion -
The automotive fasteners market is also segmented by propulsion into
a) IC (Internal Combustion) Engine Vehicles
b) Electric Vehicles
c) Hybrid And Alternative Fuel Vehicles

By Application -
The automotive fasteners market is also segmented by application into
a) Engine
b) Chassis
c) Transmission
d) Steering
e) Front Or Rear Axle
f) Interior Trim
g) Other Applications

Major players in the Automotive Fasteners Market include Illinois Tool Works Inc, KAMAX Holding GmbH & Co. KG, Lisi S.A, Stanley Black & Decker, Bulten AB.

The regions covered in the global Automotive Fasteners Market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Automotive Fasteners Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Automotive Fasteners Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Table
5. Report Structure
……
18. Competitive Landscape And Company Profiles
19. Company Profiles
21. Opportunities And Strategies
22. Conclusions And Recommendations
23. Appendix

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