Fastener Industry Size, Share, Comprehensive Analysis, Business Opportunities, Future Estimations, and Forecast to 2023

27/nov/2019 12:37:07 Automotive Market Research Reports Contatta l'autore

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High Demand For Automobiles To Fuel The Growth Of The Global Automotive Fasteners Market

Global Automotive Fasteners Market: Synopsis

The detailed report published by the Research Market Future (MRFR) projects that the global industrial fasteners   market is marked to exhibit moderate growth at a CAGR of 4.5% during the forecast period of 2018-2023. Increasing utilization of automobiles in developing and developing countries as a result of rapid rise in population is leading to high demand for passenger and commercial vehicles. Rapid expansion of automotive industry, high demand for automotive vehicles, and increased manufacturing of automotive parts. Surge in demand for automobiles, fuel-based development and utilization, as well as electric vehicles, inducing high demand for automotive fasteners, leading to the expansion of the global automotive fasteners market. The need for replacement of automotive fasteners is also resulting in high demand, which is the growth of the global automotive fast market.

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Global Automotive Fasteners Market: Segmental Analysis

The global automotive fasteners market has been segmented on the basis of type, material, distribution channel, and end-use. Based on type, the automotive fasteners market has been segmented into threaded and non-threaded. Based on the material, the global automotive fasteners market has been segmented as iron, aluminum, nickel, stainless steel, and others. Based on distribution channel, the automotive fasteners market has been segmented into OEM and aftermarket. Based on end-use, the automotive fasteners market has been segmented into removable, semi-permanent, and permanent.

Global Automotive Fasteners Market: Regional Analysis

The global automotive fasteners market has been geographically segmented into five major regions such as North America, Asia Pacific (APAC), Europe and the rest of the world. The Asia Pacific region commands the dominant share of the global automotive fasteners market during the assessment period. Rapid growth of automotive industry, increased demand for passenger cars as well as commercial vehicles, increased automotive manufacturing market in the Asia Pacific region. The Europe region has retained second position in the global automotive market with respect to market size. Surge in demand for automobiles, development and utilization of fuel-based vehicles as well as electric vehicles, increased production of automotive tires and rapid industrialization. Proliferation in automotive manufacturers, increased investments for business development and rise in the automotive industry, primary contributing factors for the expansion of the automotive fasteners market in the North America region.

Global Automotive Fasteners Market: Key Players

The first players profiled Market Research Future (MRFR) that are operating in the global automotive fasteners market are the Phillips Screw Company (the US), Permanent Technologies Inc. (the US), Atotech (Germany), Jiangsu Xing Chang Jiang International Co. , Ltd. (China), Shanghai Tianbao Fastener Manufacturing Co., Ltd. (China), and Shamrock International (the US), Nifco Inc. (Japan), KOVA Fasteners Pvt Ltd (India), Bulten AB (Sweden), and Westfield Fasteners Limited (the UK) and others. The players in the global automotive industry are expanding their businesses by developing their manufacturing processes and carrying out strategic collaborations, mergers and acquisitions in the global automotive fasteners market. For instance, in January 2019,

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