Global automotive fastener market to grow significantly by 2026
Category: #business  By Partha Ray  Date: 2020-06-03
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Global automotive fastener market to grow significantly by 2026

According to the research report titled ‘Automotive Fastener Market Size By Product (Threaded [Nuts, Bolts, Washers], Non-Threaded), By Materials (Steel, Plastics), By Characteristic (Permanent, Non-Permanent), By Distribution (Automotive OEM, Aftermarket), By Application (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle) Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global automotive fastener market is projected to expand at robust CAGR through 2026.

Increasing production of automobiles is a major factor driving the growth of automotive fastener market. A fastener is a hardware that is used to hold components and materials together. It is employed widely across various applications such as machineries, infrastructure, automobile and construction.

Fasteners are efficient way of connecting objects since they can be detached easily. Automotive fasteners are used during vehicle assembly and are designed as per the mask or model of the vehicles.

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As per the product spectrum, threaded fastener market segment is expected to register significant growth during the analysis timeframe. The product can be easily installed or removed since it comprises of internal as well as external screw threads. Prevalent threaded fasteners are screws which are cylindrical metal pieces with external threading. Moreover, nuts which are threaded internally are used in combination with bolt to connect two or more objects.

Based on material type, plastic fasteners segment is predicted to record momentous growth during the study period, on account to their popularity across automotive industry. Plastic is not only non-conductive in nature, but also offers high resistance to acid, chemicals, water and humidity. These properties help in reducing the maintenance issues in vehicles.

Regionally, Latin America accounted for 5% volume share in worldwide automotive fastener market in 2019 and is poised to amass healthy returns in the forthcoming years. On the other hand, Middle East & Africa automotive fastener industry is anticipated to record a y-o-y growth rate of 3% through 2026.

Westfield Fasteners Ltd., Changshu City Standard Parts Factory, Sterling Tools Ltd., Meidoh Co. Ltd., KOVA Fasteners, Bulten AB, Illinois Tools Work Inc., SFS Group AG, Shanghai Prime Machinery Co. Ltd., Sundram Fasteners Ltd., Agrati, Fontana and Kamax Group are the key participants in global automotive fastener industry.

Question & Answer: Automotive Fasteners Market

Question 1: Why is automotive fasteners market witnessing continuous growth?

Answer: Increasing production of automobiles is a major factor driving the growth of automotive fastener market.

Question 2: What factors are augmenting the demand for plastic automotive fasteners?

Answer: Plastic is not only non-conductive in nature, but also offers high resistance to acid, chemicals, water and humidity, which help in reducing the maintenance issues in vehicle, in turn contributing towards popularity of plastic fasteners.

Question 3: How is the competitive landscape of automotive fasteners market defined?

Answer: SFS Group AG, Shanghai Prime Machinery Co. Ltd., Sundram Fasteners Ltd., Agrati, Fontana and Kamax Group are the key participants in global automotive fasteners industry.

Table of Content:

Chapter 1. Methodology & Scope

 

1.1. Methodology

 

1.2. Market definition

 

1.3. Market estimation & forecast parameters

 

1.3.1.   COVID-19 impact calculations on industry forecast

 

1.4. Data sources

 

1.4.1.   Primary

 

1.4.2.   Secondary

 

1.4.2.1. Paid sources

 

1.4.2.2. Public sources

 

Chapter 2. Executive Summary

 

2.1. Automotive fasteners industry 360 degree synopsis, 2016 - 2026

 

2.1.1.   Business trends

 

2.1.2.   Product trends

 

2.1.3.   Materials trends

 

2.1.4.   Characteristic trends

 

2.1.5.   Distribution trends

 

2.1.6.   Application trends

 

2.1.7.   Regional trends

 

Chapter 3. Automotive Fasteners Industry Insights

 

3.1. Industry segmentation

 

3.2. Industry size and forecast, 2016 - 2026

 

3.3. Industry ecosystem analysis

 

3.3.1.   Value addition

 

3.3.2.   Distribution channel analysis

 

3.3.3.   Value chain disruption analysis (COVID-19 impact)

 

3.3.4.   Vendor matrix

 

3.3.4.1.    List of key manufacturers/suppliers

 

3.3.4.2.    List of key potential customers

 

3.3.5.   Future trends including COVID-19 impact

 

3.3.5.1.    Production trends

 

3.3.5.1.1.         North America

 

3.3.5.1.2.         Europe

 

3.3.5.1.3.         Asia Pacific

 

3.3.5.1.4.         LATAM

 

3.3.5.1.5.         MEA

 

3.3.5.2.    Demand trends

 

3.3.5.2.1.         North America

 

3.3.5.2.2.         Europe

 

3.3.5.2.3.         Asia Pacific

 

3.3.5.2.4.         LATAM

 

3.3.5.2.5.         MEA

 

3.4. Raw material analysis

 

3.4.1.   COVID-19 impact on raw material supply, by region

 

3.4.1.1.    North America

 

3.4.1.2.    Europe

 

3.4.1.3.    Asia Pacific

 

3.4.1.4.    LATAM

 

3.4.1.5.    MEA

 

3.5. Regulatory trends

 

3.5.1.   U.S.

 

3.5.2.   Europe

 

3.5.3.   Asia Pacific

 

3.6. Industry impact forces

 

3.6.1.   Growth drivers

 

3.6.1.1.  Growing adoption of lightweight automotive materials to reduce vehicle weight

 

3.6.1.2.  Ease of availability for raw materials

 

3.6.1.3.  Increasing product manufacturing operations in China to cater the global demand

 

3.6.1.4.  Increasing product demand from numerous automotive manufacturers in Europe

 

3.6.2.   Industry pitfalls & challenges

 

3.6.2.1.  Dip in the automotive industry in the recent period may effect product consumption

 

3.6.2.2.  Spread of COVID-19 will have a negative impact on the global economy

 

3.7. Growth potential analysis

 

3.8. Porter's analysis

 

3.8.1.   Supplier power

 

3.8.2.   Buyer power

 

3.8.3.   Threat of new entrants

 

3.8.4.   Threat of substitutes

 

3.8.5.   Industry Rivalry

 

3.9. Competitive landscape

 

3.9.1.   Company market share analysis, 2019

 

3.9.2.   Strategy dashboard

 

3.10. Price trends

 

3.10.1. Regional price trends

 

3.10.2. Price by product

 

3.10.3. COVID-19 impact on pricing

 

3.10.4. Cost structure analysis

 

3.10.4.1.    R&D Cost

 

3.10.4.2.    Manufacturing and Equipment cost

 

3.10.4.3.    Raw Material Cost

 

3.10.4.4.    Distribution Cost

 

3.10.4.5.    Operating Cost

 

3.10.4.6.    Miscellaneous Cost

 

3.11.   PESTEL analysis

 

3.12.          COVID-19 impact on automotive fasteners demand by application

 

3.12.1. Passenger Car (PC)

 

3.12.2. Light Commercial Vehicle (LCV)

 

3.12.3. Heavy Commercial Vehicle (HCV)

 

Chapter 4. Automotive Fastener Market, By Product

 

4.1. Automotive fastener market, by product insights

 

4.2. Threaded

 

4.2.1.   Market estimates and forecasts, 2016 - 2026

 

4.2.2.   Market estimates and forecasts by region, 2016 - 2026

 

4.2.3.   Nut

 

4.2.3.1.    Market estimates and forecasts, 2016 - 2026

 

4.2.3.2.    Market estimates and forecasts by region, 2016 - 2026

 

4.2.4.   Bolt

 

4.2.4.1.    Market estimates and forecasts, 2016 - 2026

Complete Report At: https://www.marketstudyreport.com/reports/automotive-fastener-market

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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