Automotive Fastener Market Overview:
Global Automotive Fastener Market Analysis
According to Planet Market Reports, the global automotive fastener market was valued at USD 20.71 Billion in 2018 and is projected to reach USD 26.02 Billion by 2026, growing at a CAGR of 2.88% from 2019 to 2026.
The latest survey on Global Automotive Fastener Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunity available and trend in Automotive Fastener Market. The report bridges the historical data from 2013 to 2018 and forecasted till 2026. The report aims to present the analysis of Global Automotive Fastener Market By Vehicle Type, By Application, By Technology, By Region – North America, Europe, South America, Asia-Pacific, Middle East, and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities
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What is Automotive Fastener?
A fastener is a mechanical device that is used to join or hold two or more objects together to create a non-permanent joint. Automotive fasteners are used to hold the parts, prevent leakage and to improve the performance of the vehicle. They are usually made up of plastic and stainless steel though plastic fastener is not strong as steel fasteners but they have fairly high resistance to shock and vibration. Steel fasteners are used in door panels, small engine parts, airbag housing and many other parts of the vehicle. The automotive fasteners include nuts, screws, retainers, and washers.
Global Automotive Fastener Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Increasing demand of passenger as well as commercial vehicle, the demand of lightweight vehicle, and increased purchasing power of consumer are some of the factors which are boosting the growth of automotive fasteners in the global market. Rising competition, low product differentiation and an increase in alternatives of fastener products is hampering the growth of the automotive fastener market.
Planet Market Reports narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Automotive Fastener Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Automotive Fastener Market Competitive Landscape
The “Global Automotive Fastener Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Sundram Fasteners Limited, ITW, LISI Group, Shanghai Prime Machinery Company Limited, Bulten Ab, Stanley Black & Decker, SFS Group AG, Kamax, Meidoh Co. Ltd., and Nipman Fasteners. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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