Automotive Fastener Market: Trends, Opportunities and Competitive Analysis

Automotive Fastener Market: Trends, Opportunities and Competitive Analysis

Automotive Fastener Market Trends and Forecast

The future of the global automotive fastener market looks promising with opportunities in the passenger car and light commercial vehicle segment. The global automotive fastener market is expected to reach an estimated $28.1 billion by 2027 and it is forecast to grow at a CAGR of 4.6% from 2021 to 2027. The major growth drivers for this market are increasing vehicle production and increasing migration of OEMs from standard fasteners to customized fasteners.

Emerging Trends in the Automotive Fastener Market

Emerging trends, which have a direct impact on the dynamics of the industry, include development of light weight material fasteners and introduction of self-contained in-die fasteners.

A total of 188 figures / charts and 157 tables are provided in this 283-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global automotive fastener market report, please download the report brochure.

Automotive Fastener Market by Segments

Lucintel forecasts that threaded fastener segment will remain the largest segment by product type and is expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global automotive fastener market by product type, material type, coating type, characteristics, end user, type, application, vehicle type, and region, as follows:

Automotive Fastener Market by Product Type ($ Million Shipment Analysis from 2016 to 2027):

• Threaded Fasteners
• Non-threaded Fasteners

Automotive Fastener Market by Characteristic ($ Million Shipment Analysis from 2016 to 2027):

• Removable Fasteners
• Permanent Fasteners
• Semi-Permanent Fasteners

Automotive Fastener Market by Coating Type ($ Million Shipment Analysis from 2016 to 2027):

• Zinc Coating
• Passive Coating
• Cadmium Coating
• Dry Film Lube Coating

Automotive Fastener Market by Material Type ($ Million Shipment Analysis from 2016 to 2027):

• Iron
• Aluminum
• Brass
• Stainless Steel
• Nickel
• Plastic

Automotive Fastener Market by End User ($ Million Shipment Analysis from 2016 to 2027):

• OEM
• Aftermarket

Automotive Fastener Market by Fastener type ($ Million Shipment Analysis from 2016 to 2027):

• Bolts
• Screws
• Nuts
• Rivets

Automotive Fastener Market by Application ($ Million Shipment Analysis from 2016 to 2027):

• Car body
• Chassis
• Powertrain
• Electric Mechatronics
• Others

Automotive Fastener Market by Vehicle Type ($ Million Shipment Analysis from 2016 to 2027):

• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial vehicle

Automotive Fastener Market by Region[Value ($ Million) and Volume (Million Units) from 2016 to 2027]:

• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• France
• Germany
• Italy
• Russia
• Asia Pacific
• China
• India
• Japan
• Indonesia
• South Korea
• The Rest of the World
• Brazil
• Turkey

List of Automotive Fastener Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive fastener companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive fastener companies profiled in this report includes.

• Stanley Engineered Fastening
• Bulten AB
• Sundaram Fasteners Ltd
• Illinois Tool Works
• Trifast plc

Automotive Fastener Market Insights

• Lucintel forecasts that threaded fasteners segment is the largest segment and is expected to witness the highest growth over the forecast period as it offers high corrosion resistance and durable bond than non-threaded fasteners.
• Asia-Pacific region will remain the largest region and is also expected to witness the highest growth over the forecast period due to increased vehicle production and rising demand for compact vehicles.

Features of the Global Automotive Fastener Market

• Market Size Estimates: Global automotive fastener market size estimation in terms of value ($M) shipment.
• Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments.
• Segmentation Analysis: Global automotive fastener market size by various segments, such as by product type, material type, coating type, characteristics, end user, type, application, and vehicle type in terms of value.
• Regional Analysis: Global automotive fastener market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different segments by product type, material type, coating type, characteristics, end user, type, application, vehicle type, and regions for the global automotive fastener market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global automotive fastener market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model

FAQ

Q1. What is the automotive fastener market size?

Answer: The global automotive fastener market is expected to reach an estimated $28.1 billion by 2027.

Q2. What is the growth forecast for automotive fastener market?

Answer: The automotive fastener market is expected to grow at a CAGR of 4.6% from 2021 to 2027.

Q3. What are the major drivers influencing the growth of the automotive fastener market?

Answer: The major drivers for this market are increasing vehicle production and increasing migration of OEMs from standard fasteners to customized fasteners.

Q4. What are the major coating type or end use industries for automotive fastener?

Answer: Zinc coating is the major segment by coating type for automotive fastener.

Q5. What are the emerging trends in automotive fastener market?

Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include development of light weight material fasteners and introduction of self-contained in-die fasteners.

Q6. Who are the key automotive fastener companies?

Answer: Some of the key automotive fastener companies are as follows:

• Stanley Engineered Fastening
• Bulten AB
• Sundaram Fasteners Ltd
• Illinois Tool Works
• Trifast plc

Q7.Which automotive fastener segment will be the largest in future?

Answer: Lucintel forecasts that threaded fasteners segment is the largest segment and is expected to witness the highest growth over the forecast period as it offers high corrosion resistance and durable bond than non-threaded fasteners.
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Q8: In automotive fastener market, which region is expected to be the largest in next 5 years?

Answer:Asia-Pacific region will remain the largest region and is also expected to witness the highest growth over the forecast period due to increased vehicle production and rising demand for compact vehicles.

Q9. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1 What are some of the most promising growth opportunities for the global automotive fastener market by product type (threaded and non-threaded), material type (iron, aluminum, stainless steel, brass, plastic, and nickel), characteristics (removable, permanent and semi-permanent), coating type (zinc coating, passive coating, cadmium coating, and dry film lube coating), end user (OEM and aftermarket), type (bolts, screws; nuts, and rivets), application (car body, chassis, powertrain, electric mechatronics, and others), vehicle type (passenger car, light commercial vehicle, and heavy commercial vehicle) and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which region will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?

Q.5 What are the business risks and competitive threats in this market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are some of the changing demands of customers in the market?

Q.8 What are the new developments in the market and which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?

Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?

Q.11 What M&A activity has occurred in the last five years?

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