Overview:

Automotive fastener is mechanical device which is used in order to join the objects together in various vehicles as well as аutоmоtіvе аѕѕеmblіеѕ. These fasteners are primarily used to connect several parts of the vehicles. These fasteners prevents the vehicles from joint leakage, wobbling, transmitting loads, etc.

Market Dynamics:

Significant growth in the global automotive industry is creating huge demand for the automotive fasteners which is driving the target market growth. Additionally, new trends and developments in automotive fasteners is another factor expected to boost growth of the global market during the forecast period. However, the availability of the alternative to the automotive fasteners is major factor expected to hamper growth of the global automotive fasteners market in the near future. Nevertheless, growth in the number of semi-autonomous cars is factor expected to create profitable growth opportunities in the global automotive fasteners market.

Key Trends:

Key players operating in the global automotive fasteners market are engaging in the strategic partnerships, product launches and the facility expansions in order to strengthen their position in the global market. Fоr instance, in 2018, the Stanley Black & Decker company announced acquisition of the mаnufасturеr оf оutdооr роwеr еquірmеnts; МТD Рrоduсtѕ Іnс.

Regional Analysis:

For detailed understanding of market dynamics, the global marketis analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific accounts for the major revenue share in 2019, owing to increasing demandfor the automotive fasteners in the automotive sector of the developing countries in this region. Additionally growth in the automotive sector, coupled with rising disposable in the countries of this region are propelling growth of the target market in the Asia Pacific. The market in North America is the expected to register significant CAGR in during the forecast period due to growing car production industry in the region.

Scope of the Report:

Detailed Segmentation:

Global Automotive FastenersMarket, ByProduct Type:

• Threaded
• Non-Threaded

Global Automotive Fasteners Market, By Application

• Engine
• Chassis
• Transmission
• Steering
• Front/rear axle
• Interior trim
• Others

Global Automotive Fasteners Market, By Characteristics

• Removable Fasteners
• Permanent Fasteners
• Semi-Permanent Fasteners

Global Automotive Fasteners Market, By Material Type

• Stainless Steel
• Iron
• Bronze
• Nickel
• Plastic
• Others

Global Automotive Fasteners Market, By Vehicle Type

• Passenger Car (PC)
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)

Key Players Covered:

Key players operating in the market includes, Ѕundrаm Fаѕtеnеrѕ Lіmіtеd, Іllіnоіѕ Тооl Wоrkѕ Іnс., Тrіfаѕt рlс., Ѕhаnghаі Рrіmе Масhіnеrу Со., Ltd., Веrkѕhіrе Наthаwау, Іnс., Реnn Еngіnееrіng & Маnufасturіng, Вultеn АВ, ТНЕ РНІLLІРЅ ЅСRЕW СОМРАNY, Ѕtаnlеу Вlасk & Dесkеr (Ѕtаnlеу Еngіnееrеd Fаѕtеnіng), and RосknеlFаѕtеnеr, Іnс.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Automotive Fasteners Market by product type, application, characteristics,material type, vehicle type, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.