Plastic Fasteners Market Set for Rapid Expansion with High CAGR by 2024-2031 | Nifco Inc., Tool Works, ARaymond

Plastic Fasteners Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Plastic Fasteners market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Plastic Fasteners market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Plastic Fasteners Market is expected to reach at a CAGR of 6% during the forecast period 2024-2031.

What is Plastic Fasteners Market?

The plastic fasteners market encompasses the production and distribution of fastening solutions made from various types of plastic materials. These fasteners are essential components used in a wide range of applications across numerous industries, including automotive, electronics, construction, and consumer goods.

Growth Driver

The demand for plastic fasteners in commercial applications, particularly in the automotive sector, is rising due to the need for lighter vehicles without compromising stability. This trend is shifting customer preference from welding to automotive fasteners, which is expected to drive market growth. Factors such as increased vehicle production, the shift toward lighter designs, and greater use of electronics are also contributing to this demand. For example, Auveco's acquisition of W&E Sales Company in July 2019 highlights the industry's response to this growing market by expanding its global reach in specialized fasteners.

Key Players:

Profiles of some of the major players in the global Plastic Fasteners market, which include

Nifco Inc., Tool Works, ARaymond, Stanley Black & Decker, Bossard Group, ATF Inc., MW Industries, Inc., Penn Engineering, Volt Industrial Plastic, and Emkay Industries

Industry Development:

In April 2021, Nifco Inc. updated its plastic fasteners product catalog. The new catalog allows users to explore and select products based on plate thickness, hole size, dimensions, and other specifications.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Plastic Fasteners market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Product: Rivets & Push-in Clips, Cable Clips & Ties, Threaded Fasteners, Washers & Spacers, Grommets & Bushings, Wall Plugs, Others

By Material: Nylon, PVC, Polypropylene, Teflon, Others

By Function: Detachable, Non-detachable

By Application: Domestic, Commercial

By End-User: Automotive, Electrical & Electronics, Building & Construction, Supermarkets, Others

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Rest of South America

☞ Middle East and Africa

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Key Features

➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

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➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.

➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.

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➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.

➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.

➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.

➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.

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