Global Automotive Fastener Market is Expected to Reach a Value of USD 27.20 Billion by 2027

Automotive Fastener Market is expected to rise at annual rate of 3.69% in the forecast period of 2020 to 2027 and is estimated to reach USD 27.20 billion by 2027 due to the accelerated growth of the automotive manufacturing in emerging nations across the world, is acting as a major growth driver for the market.

However, the the immediacy of replacement like welding and clamping for automotive harnesses will restrict the growth of the automotive fastener market in the above mentioned forecast period.

Automotive Fastener Market Scenario

According to Data Bridge Market Research the market for automotive fastener is accelerating because of the rising requirement for electronic and alternate powertrain carriers. Also the important professionals are concentrating on the difference in the composition of the fasteners from conventional locks to customized cables which is also helping the market to grow. Whereas, the prominent advancements in power train modifications and germination in the amount of self-governing automobiles will create lucrative opportunities for the growth of the automotive fastener market.

Now the question is which are the other regions that automotive fastener market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific because of the extensive composition and sales of transportations in the region.  

For more analysis on the automotive fastener market request for a briefing with our analysts

Automotive Fastener Market Scope

Automotive fastener market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of automotive fastener market is further analyzed based on maximum granularity into further segmentation. On the basis of product, the automotive fastener market is segmented into threaded, and non-threaded. On the basis of application, the automotive fastener market is segmented into engine, chassis, transmission, steering, front/rear axle, interior trim, and others. On the basis of characteristics, the automotive fastener market is segmented into removable fasteners, permanent fasteners, and semi-permanent fasteners. On the basis of material type, the automotive fastener market is segmented into stainless steel, iron, bronze, nickle, aluminum, brass, and plastic. On the basis of vehicle type, the automotive fastener market is segmented into passenger car (PC), light commercial vehicle (LCV), heavy commercial vehicle (HCV).On the basis of electric vehicle type, the automotive fastener market is segmented intobattery electric vehicle (BEV), hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV).

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Key Pointers Covered in the Automotive Fastener Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • Acument Intellectual Properties, LLC
  • Arconic
  • Bulten AB
  • STANLEY Engineered Fastening
  • MacLean-Fogg
  • MISUMI Corporation
  • Nifco Inc
  • Precision Castparts Corp
  • SFS Group
  • A & G FASTENERS Pty Ltd
  • Penn Engineering
  • Illinois Tool Works Inc
  • Stanley Black & Decker, Inc
  • MW Industries, Inc

Above are the key players covered in the report, to know about more and exhaustive list of automotive fastener companies’ contact us

Research Methodology of Global Automotive Fastener Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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