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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

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automotive fastener market worth 25 30 billion

Automotive Fastener Market worth 25.30 Billion USD 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 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"

https://www.marketsandmarkets.com/Market-Reports/automotive-fastener-market-10053940.html

Early buyers will receive 10% customization on reports.

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.

Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownload.asp?id=10053940

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.

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

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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