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Automotive Fasteners Industry Size, Price Trends, Demand, Global Report 2023-20

Automotive Fasteners Industry Size, Price Trends, Demand, Global Report 2023-2032<br>

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Automotive Fasteners Industry Size, Price Trends, Demand, Global Report 2023-20

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  1. Automotive Fasteners Industry Size, Price Trends, Demand, Global Report 2023-2032 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 Market Segments By Material Analysis • Iron • Stainless Steel • Nickel • Brass • Aluminum • Plastic By Application Analysis • Engine • Chassis • Transmission • Steering • Front/rear Axle

  2. • Interior Trim • Wire Harnessing Restraining Factors: The Automotive Fasteners Industry faces various restraining factors. Chief among them is fluctuation in raw material prices, which affects production costs directly. Regulatory mandates concerning vehicle safety and emissions require fasteners to adhere to higher standards; adding manufacturing complexity and costs. In addition, economic downturns or fluctuations in automotive markets can impede demand for fasteners. 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 Read More:

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