Automotive Fasteners Market
Automotive Fasteners Market - Global Industry Assessment & Forecast
Segments Covered
- By Product Threaded, Non-Threaded
- By Application Engine, Chassis, Transmission, Steering, Front/Rear Axle, Interior Trim, Others
- By Characteristics Removable Fasteners, Permanent Fasteners, Semi-Permanent Fasteners
- By Material Type Stainless Steel, Iron, Bronze, Nickel, Aluminum, Brass, Plastic
- By Vehicle Type Passenger Car (PC), Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
- By Electric Vehicle Type Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV)
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 21.40 Billion |
Revenue 2030: | USD 24.88 Billion |
Revenue CAGR (2023 - 2030): | 1.90% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Automotive Fasteners Market by Product by Application by Characteristics by Material Type by Vehicle Type by Electric Vehicle Type by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Automotive Fasteners market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Automotive Fasteners market.
FAQ
Frequently Asked Question
What is the global demand for Automotive Fasteners in terms of revenue?
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The global Automotive Fasteners valued at USD 21.40 Billion in 2022 and is expected to reach USD 24.88 Billion in 2030 growing at a CAGR of 1.90%.
Which are the prominent players in the market?
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The prominent players in the market are Bulten AB (Sweden), KAMAX (Germany), Sundram Fasteners (India), Stanley Black & Decker (US), Shanghai Prime Machinery Company (China), SFS Group (Switzerland) Lisi Group (France) Meidoh Co. (Japan), Nipman Fasteners (India), Piolax (US), Westfield Fasteners (UK), Fontana Gruppo (Italy), Bollhoff (Germany), Nedshroef (Netherlands), Nifco Group (Japan), Boltun Corporation (Taiwan), Chanshu City Standard Parts (China), Wurth Group (Germany), Simmonds Marshall (India).
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 1.90% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Automotive Fasteners include
- Significant Growth in the Global Automotive Industry
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Automotive Fasteners in 2022.