About Automotive Clips
Automotive clips are mechanical factors used to join or be a part of two or greater joints and components in the vehicle. Fasteners are made up of aluminium, nickel, stainless steel, and others. The major characteristic of car fasteners is conserving car components collectively to keep away from their separation and forestall leakage from joints. The car enterprise is flooded with more than a few fasteners, mainly for aspects due to the number of shapes, sizes, designs, and qualities. The automobile clips market is pushed by using the developing want for technical development and graph enhancement in automobile clips. Moreover, improved demand for car steadiness and decreased car weight is anticipated to create possibilities for automobile fasteners companies throughout the globe.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 14.8% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Automotive Clips market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bulten AB (Sweden), KAMAX (Germany), Sundram Fasteners (India), Stanley Black & Decker (United States), Shanghai Prime Machinery Company (China), SFS Group (Switzerland), Lisi Group (France), Meidoh Co. (Japan), Nipman Fasteners (India) and Piolax (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Westfield Fasteners (United Kingdom), Fontana Gruppo (Italy), Wurth Group (Germany) and Simmonds Marshall (India).
Segmentation Overview
AMA Research has segmented the market of Global Automotive Clips market by and Region.
On the basis of geography, the market of Automotive Clips has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Automotive OEM will boost the Automotive Clips market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Stainless Steel will boost the Automotive Clips market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle , the sub-segment i.e. Passenger Car will boost the Automotive Clips market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Growing Adoption of Lightweight Automotive Materials to Reduce Vehicle Weight and Ease of Availability for Raw Materials
Challenges:
Dip in the Automotive Industry in the Recent Period May Effect Product Consumption
Restraints:
High Capital Requirements
Opportunities:
Reduction in the Weight of Vehicles and Rise in Demand Stability of Vehicles and Increasing Improvement in Quality and Design in Fasteners Which Is Done By Various Design Companies
Market Leaders and their expansionary development strategies
In 2020: Bulten AB received TensionCam, which specializes in the improvement of sensors for clamp pressure monitoring in screw joints. As per the phrases of the acquisition, it grew to become the proprietor of 27% of TensionCam's shares. Through this acquisition, the employer has end up a science chief in fasteners and can provide clients special and sustainable performance and facilitate worthwhile boom even backyard the automobile industry.
In 2021, Illinois Tool Works Inc. and Amphenol Corporation, a main international company of high-technology interconnect, antenna, and sensor solutions, introduced that they have entered into an settlement underneath which ITW will collect MTS Systems Corporation’s Test & Simulation business, following the closing of Amphenol’s acquisition of MTS.
Key Target Audience
Automotive Clips Manufacturers, Automotive Clips Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.