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Interior Trim Segment is Estimated to Lead the Automotive Fasteners 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.

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Interior Trim Segment is Estimated to Lead the Automotive Fasteners Market

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  1. 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 www.MarketsandMarkets.com

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

  3. 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. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=10053940

  4. The interior trim segment is estimated to be the fastest-growing segment of the automotive fastener market, by application, in terms of value. Automobile manufacturers are now focusing on using lightweight fasteners in the major application areas to reduce the weight of the vehicle. The automakers’ focus is high on the interior trims where the application of plastic and aluminum fasteners is increasing to achieve weight reduction, which will drive the requirement of fasteners. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=10053940

  5. 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. Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=10053940

  6. Market Ecosystem: The ecosystem of the automotive fastener consists of established fasteners manufacturers 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). It 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). Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=10053940

  7. Browse >> 106market data tables 45figures 152 pagesand in-depth TOC "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“ Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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