The global automotive fasteners hardware market is anticipated to grow at a significant CAGR of 1.9% during the forecast period (2022-2028). The global automotive fasteners hardware market is growing due to the increasing demand for vehicle production globally. The rising demand for automotive fasteners hardware by the vehicle maintenance companies and MRO is also boosting the growth of the market. The rising trend of vehicle personalization and maintenance of commercial vehicles is also driving the growth of the automotive fasteners hardware market. The rising usage of fasteners over welding in vehicles to reduce weight and increase the stability of the vehicle is generating new opportunities for the market. Additionally, the advancement in quality and efficiency of fasteners hardware is also driving the market. The major manufacturer of automotive parts is gradually shifting from regular parts to customized parts that require automotive fasteners to join two different parts and are expected to propel the growth of the automotive fasteners hardware market during the forecast period.
The Asia-Pacific region is anticipated to hold the major share in the global automotive fasteners hardware market. The increasing urbanization, as well as high demographic growth in this region, are the major factors boosting the market growth in this region. The changing consumer lifestyle in emerging economies, such as China and India is also boosting the growth in this region. The rise in disposable income, as well as high sales and production of vehicles, are some other factors boosting the growth of the Asia-Pacific automotive fasteners hardware market.
Some of the major players in the market include Westfield Fasteners Ltd., THE PHILLIPS SCREW CO., KOVA Fasteners Pvt. Ltd., KAMAX, and Bulten AB among others. These market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market.
(Get 15% Discount on Buying this Report)
Get Sample Copy of Global Automotive Fasteners Hardware Market at: https://orionmarketreports.com/request-sample/?id=110358&submit=Request+Sample%0D%0A
Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape – Westfield Fasteners Ltd., THE PHILLIPS SCREW CO., KOVA Fasteners Pvt. Ltd., KAMAX, and Bulten AB, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
A full report of Global Automotive Fasteners Hardware Market is available at: https://orionmarketreports.com/global-automotive-fasteners-hardware-market/110358/
Global Automotive Fasteners Hardware Market Report by Segment
By Type
- Threaded Fasteners
- Non-threaded Fasteners
By Application
- Automotive OEM
- Automotive Aftermarket
About us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
Media Contact:
Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
