Overview:
The automotive fasteners industry involves the production and supply of fastening components such as bolts, nuts, screws, and rivets that connect various automotive parts together. These fastening pieces play an essential role in assembly, repair, and maintenance processes making them an essential element of the automotive sector.
The Automotive Fasteners Industry size is expected to be worth around USD 35.3 Bn by 2032 from USD 23.9 Bn in 2022, growing at a CAGR of 4.1% during the forecast period from 2023 to 2032.
Key Takeaways of the Automotive Fasteners Industry:
Automotive fasteners play an essential role in vehicle manufacturing and safety. Although impacted by economic fluctuations and stringent regulatory standards, their industry still thrives with increased automotive sector expansion and technological advancements. Growth opportunities exist within sustainability, innovation, and emerging markets with lightweight materials being popular as are lightweight automation fasteners with sustainability built-in as trends with recent developments such as EV-specific fasteners being developed further bolstered with smart technology integration and continued focus on sustainability as key takeaways from this industry.
Key Market Segments
By Material Analysis
Iron
Stainless Steel
Nickel
Brass
Aluminum
Plastic
By Application Analysis
Engine
Chassis
Transmission
Steering
Front/rear Axle
Interior Trim
Wire Harnessing
Top Key Players in Automotive Fasteners Market
Illinois Tool Works Inc. (ITW)
Stanley Black & Decker Inc. (Stanley Engineered Fastening)
Sundram Fasteners Limited
Trifast plc
Shanghai Prime Machinery Co. Ltd.
Rocknel Fastener Inc.
Penn Engineering & Manufacturing
Bulten AB
THE PHILLIPS SCREW COMPANY
Berkshire Hathaway Inc.
Araymond
Schaeffler AG
Würth Group
LISI Automotive,
KAMAX Holding GmbH & Co. KG
Regional Analysis:
The Automotive Fasteners Industry spans multiple regions worldwide. Key regions for this industry are North America, Europe, Asia-Pacific, and Latin America - each boasting established automotive manufacturing industries with stringent quality standards; North America and Europe in particular offer several of these features, while Asia-Pacific presents opportunities due to emerging automotive markets like China and India; Latin America also presents challenges;
Click Here : https://marketresearch.biz/report/automotive-fasteners-market/
Contact us
Contact Person: Mr. Lawrence John
Marketresearch.Biz (Powered By Prudour Pvt. Ltd.)
Tel: +1 (347) 796-4335
Send Email: lawrence@marketresearch.biz