About Automotive Fastener
The flourishing automobile industry and the vital importance of fasteners in the automobiles sector is a key driving factor of automotive fasteners market. Automotive fasteners are the components used in automotive and vehicle assembly and include bolts, screws, nuts, washers, rivets, concrete anchors, inserts, threaded rods, and retaining rings used exclusively for automotive manufacturing. Additionally, Automotive fasteners include different vehicle type i.e. Passenger Car (PC), LCV (Light Commercial Vehicle), HCV (Heavy Commercial Vehicle).
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.5% |
The global automotive fasteners market is highly fragmented. The players are involved in offering a different products launch offered by the companies and new design growth strategies. The growing popularity of lightweight fastener solutions is positively impacting the market. The lightweight automotive fasteners provide better functionality, performance, and help in the reduction of vehicle weight, without compromising on strength. 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.
Screw Company (United States), Permanent Technologies Inc. (United States), Atotech (Germany), Shanghai Tianbao Fastener Manufacturing Co., Ltd. (China), Shamrock International (US), Jiangsu Xing Chang Jiang International Co., Ltd. (China), Nifco Inc. (Japan), KOVA Fasteners Pvt Ltd (India), Stanley Engineered Fastening India Private Limited (India), Illinois Tools Work Inc. (United States), Sundaram Fasteners Limited (India), Penn Engineering & Manufacturing nation (United States), Phillips Screw (United States), Rocknel Fastener (United States) and Precision Castparts (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 Bulten AB (Sweden), Westfield Fasteners Limited (UK), Bulten AB (Sweden), Trifast plc (United Kingdom), Koninklijke Nedschroef Holding B.V (Netherlands), Fontana Gruppo (Italy) and Bollhoff (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Automotive Fastener market by Type (Threaded [Nuts, Screws, Rivets, Studs] and Non-Threaded [Snap rings, Clips]), Application (Passenger Car and Commercial Vehicle) and Region.
On the basis of geography, the market of Automotive Fastener 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 Characteristics, the sub-segment i.e. Semi-permanent fasteners will boost the Automotive Fastener market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. OEM (Original Equipment Manufacturers) will boost the Automotive Fastener 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. Iron will boost the Automotive Fastener market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Coating, the sub-segment i.e. Passivated coating will boost the Automotive Fastener market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Electric Vehicle Type, the sub-segment i.e. Battery Electric Vehicle (BEV) will boost the Automotive Fastener market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technical Developments and Improvements in the Quality and Durability of Fasteners and Easily Replaceable Nature of Automotive Fasteners
Market Growth Drivers:
Significant Growth in Automotive Industry, Increasing Demand for Lightweight Fasteners, Cost Advantage of Using Plastic Automotive Fasteners and Amplified Spending Capacity By End Users and Rising Urbanization
Challenges:
Rise in Unibody Automobile Framing Laying Off Mechanical Joining
Restraints:
Alternatives of Automotive Fasteners such as Clinching and Welding Can Hamper the Market Growth
Opportunities:
Development in Powertrain Innovations and Growing Semi-Autonomous & Electric Vehicle Industry
Market Leaders and their expansionary development strategies
Vaber Industriale is acquired by Shamrock International. Vaber offers technical assistance to manufacturers all around Europe
In April 2018, Trifast plc. Company, Global fastener firm has launched the extensive product ranges and expertise needed to support the design, manufacture, and development of charging units for Electric Vehicles.
Key Target Audience
Manufacturers of Automotive Fasteners, Automotive OEMs, Electric Vehicle Manufacturers, Industry Associations and Experts and Traders, Distributors, and Suppliers of Automotive Fasteners
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.