Automotive Fasteners Market Key Highlights:
- Market Size (2024): USD 29.66 Billion
- Projected Market Size (2034): USD 53.63 Billion
- CAGR (2024-2034): 6.1%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Automotive Fasteners Market Definition
The automotive fasteners market is an important segment of the automotive components industry. This industry deals in manufacturing and distribution of fasteners used for joining different parts of vehicles. There are several types of fasteners available in the market consisting of threaded fasteners and non-threaded fasteners. These fasteners are manufactured using various materials such as metals and plastics. The growing demand for advanced electronic components has boosted the market growth. This market is expected to rise significantly with the growth of the automotive industry across the world.
The growing demand for permanent fasteners in automotives along with complexities in automotive designing has boosted the market growth. Also, the rising use of stainless steel for vehicle production coupled with increased demand for light-weight vehicles globally is crucial for the industrial expansion. Moreover, the technological advancements in automotive manufacturing as well as rapid adoption of hybrid vehicles in developing nations is anticipated to propel the growth of the automotive fasteners market. The rising use of smart fasteners for monitoring performance and providing real-time data for regular maintenance is expected to create opportunities for the market players in the upcoming years.
Automotive Fasteners Market Segmentation:
By Material
- Iron
- Aluminum
- Brass
- Nickel
- Stainless steel
- Plastic
By Characteristics
- Removable
- Semi-permanent
- Permanent
By Types
By Coating
- Passivated coating
- Cadmium coating
- Dry film lube coating
By Distribution Channel
- OEM (Original Equipment Manufacturers)
- Aftermarket
Automotive Fasteners Market Companies:
- Phillips Screw Company
- Westfield Fasteners Limited
- Atotech Deutschland GmbH
- Stanley Engineered Fastening
- PennEngineering
- Shanghai Tianbao Fastener Manufacturing Co., Ltd.
- Jiangsu Xing Chang Jiang International Co., Ltd.
- Shamrock International Fasteners
- Birmingham Fastener, Inc.
- Sundram Fasteners Limited
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