Automotive Fastener Market is projected to rise at a moderate CAGR during the forecast period from 2021 to 2027. The increasing adoption of electric vehicles, growing demand for automobiles across the world, rising per capita income of individuals, and the new innovations in automotive sector are the major factors driving the growth of automotive fasteners market. Fasteners are mechanical components that hold, join or attach two or more parts, and the automotive industry is the largest market for fasteners. Automotive fasteners are made of a variety of materials such as iron, aluminum, brass, nickel, stainless steel, plastic and are further classified by their unique properties. Automotive fasteners are commonly used to clamp parts of a vehicle to prevent separation or wobble, transfer loads, and prevent leaks in joints.
European region is estimated to hold a significant share in the global automotive fasteners market during the forecast period owing to the large number of car manufacturing company’s present in the region. Some of the major automotive fastener manufacturers are Illinois Tool Works Inc., LISI Group, Shanghai Prime Machinery Company Limited, Bulten AB, Stanley Black & Decker, Inc., The SFS Group AG, Meidoh Co. Ltd., NIPMAN Automotive Solutions, The Würth Group, Piolax Inc., Westfield Fasteners Limited, Changshu City Standard Parts Factory, Fontana Gruppo Srl, Simmonds Marshall Limited, Sterling Tools Limited, Bollhoff, Nedschroef Machine Industry, Nifco Group, and Boltun Corporation.
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A full report of Global Automotive Fastener Market is available at: https://www.orionmarketreports.com/automotive-fastener-market/52078/
The following Segmentation are covered in this report:
By Product
- Threaded Fastener
- Non-Threaded Fastener
By Type
- Semi-Permanent Fasteners
- Permanent Fastener
- Removable Fastener
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Fastener Market.
- The market share of the global Automotive Fastener Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Fastener Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Fastener Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
