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Automotive Fastener Market Size, Share, Analysis by 2025


Automotive Fastener Market by Characteristics (Removable, Permanent, Semi-Permanent), Products (Threaded, Non-Threaded), Material Type (Stainless Steel, Plastic, Aluminum), Application, Electric Vehicle Type, and Region - Global Forecast to 2025 – PowerPoint PPT presentation

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Title: Automotive Fastener Market Size, Share, Analysis by 2025

MarketsandMarkets Presents

Automotive Fastener Market Size, Share, Analysis
by 2025
The report "Automotive Fastener Market by
Characteristics (Removable, Permanent,
Semi-Permanent), Products (Threaded,
Non-Threaded), Material Type (Stainless Steel,
Plastic, Aluminum), Application, Electric Vehicle
Type, and Region - Global Forecast to 2025", The
global automotive fastener market is projected to
grow from an estimated USD 21.45 Billion in 2018
to USD 25.30 Billion by 2025, at a CAGR of 2.39
from 2018 to 2025. The market is anticipated to
grow owing to various reasons such as the growing
vehicle production, shifting focus toward
lightweight vehicles, and the increasing use of
electronics such as ignition, carputers,
telematics, and in-car entertainment systems in
vehicles. Browse 106 market data Tables and 45
Figures spread through 152 Pages and in-depth TOC
on "Automotive Fastener Market  Get The PDF
Brochure For This Report _at_ https//www.marketsandm
The removable fastener segment, by
characteristics, is estimated to be the largest
segment in the automotive fastener
market Removable automotive fasteners enable the
parts to be disconnected readily without any
damage. These fasteners contribute the maximum
share in the total number of fasteners used in an
automobile. Removable automotive fasteners such
as nuts, bolts, and studs can be installed and
removed easily with the help of hand tools or
power tools. These types of fasteners have a long
life and can be used multiple times. The
penetration of removable fastener in automobiles
is high due to its properties. The plastic
fastener segment, by material type, is estimated
to be the fastest growing segment of the
automotive fastener market The market for
plastic fastener is estimated to have the highest
growth due to the increasing need to reduce
vehicle weight. The increasing demand for
automobile weight reduction and fuel efficiency
will reduce the use of metals such as stainless
steel and iron and will increase the use of
lightweight materials like plastic, which are the
growth drivers for the plastic fastener segment
in future. To speak to our analyst for a
discussion on the above findings, click Speak to
Asia Pacific is estimated to be the largest
market for the automotive fasteners The study
considers countries such as China, Japan, India,
and South Korea in the Asia Pacific region. The
increasing production of vehicles in China,
Japan, and India and the growing demand for
electric vehicles, especially in China and Japan,
are expected to drive the automotive fastener
market in the region. The government regulations
for lightweight vehicles have led to advancements
in technology for manufacturing lightweight and
durable products in the region. Also,
manufacturers are shifting from standard parts to
customized parts, which will drive the demand for
customized fasteners in the Asia Pacific
region. The study covers all the major players
in the automotive fastener market, including
established players such as Bulten AB (Sweden),
KAMAX (Germany), Sundram Fasteners (India),
Stanley Black Decker (US), Shanghai Prime
Machinery Company (China), SFS Group
(Switzerland), and Lisi Group (France). These
companies collectively account for a major share
of the automotive fastener market. The report
also comprises a few other players such as 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), and Simmonds
Marshall (India)
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