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Automotive Fasteners Market

Automotive Fasteners Market Size, Share and Segmentation by Product (Threaded, Non-Threaded), by Material Type (Stainless Steel, Iron, Bronze, Nickel, Aluminum, Brass, Plastic), by Application (Engine, Chassis, Transmission, Steering, Front/rear axle, Interior trim, Others), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/2214 | July 2022 | Region: Global | 129 Pages

Report Scope & Overview:

Automotive Fasteners Market Size was valued at USD 22.66 billion in 2021 and is expected to reach USD 27.86 billion by 2028 and grow at a CAGR of 3% over the forecast period 2022-2028.

A fastener is a mechanical piece that holds or joins two or more things together in a way that is not permanent. Automotive fasteners are used to hold parts together, stop leaks, and make cars run better. Most of the time, they are made of plastic and stainless steel. Plastic fasteners are not as strong as steel fasteners, but they can handle shocks and vibrations well. Steel fasteners are used in many parts of a car, such as door panels, small engine parts, airbag housing, and many more. There are nuts, screws, retainers, and washers among the fasteners for cars. In order to prevent the separation of car components and the subsequent leaking from joints, automotive fasteners provide the fundamental job of holding the components together. Due to the wide range of sizes, forms, styles, and quality of fasteners, the automotive sector is overrun with them.

Automotive Fasteners Market Revenue Graph

In 2021, Tridur ZnNi H5.2 is an electroplating coating that was released by Atotech Deutschland GmbH. This coating can minimize contact corrosion for a variety of fasteners. It is possible to use the Tridur ZnNi H5.2 on zinc-nickel surfaces that are either alkaline or acidic.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • The rising popularity of fuel-efficient and safer automobiles is fueling an increase in demand.

  • Recent advances in material composition and product development also boost the global market.

  • Several countries' strict rules are boosting the manufacturing and sales of electric vehicles.

RESTRAINTS: 

  • Due to a lack of consumer knowledge about automobile parts, the market is expected to be restrained.

  • The demand is expected to be restrained by the high cost of automotive components.

OPPORTUNITIES: 

  • Government rules for lightweight vehicles have contributed to technological advances in the region.

  • Improvements in fastener quality and design are being made by a variety of design firms.

  • Increasing the use of battery-powered systems in trains will increase the demand in battery packs and charging stations.

CHALLENGES: 

  • There was an interruption in the supply chain due to a global shortage of raw materials.

  • Rising clenching and welding in automobile manufacturing limit fastener utilization.

IMPACT OF COVID-19:

COVID-19 has been spreading rapidly over the world, and automakers are taking severe measures to stop the epidemic by closing down their plants. As more European businesses go on strike and as automakers in the United States and Asia-Pacific prolong their work stoppages, the situation remains murky. The planned development of automobiles in North America is an attempt to slow the spread of the virus COVID-19. Even still, the outbreak's current worldwide hub is the area, with more confirmed cases being reported there every day than in any other place. There has been a combination of state or provincial, federal, and local government measures in the United States and Canada. Governments in certain countries appear to be enforcing increasingly restrictive rules on social engagement, travel, and work attendance. A similar set of circumstances affects these regions, and the car industry stands at the core of this upheaval, which has a significant impact on the economy and society.

KEY MARKET PLAYERS:

The Philips Screw Company (U.S.), Lisi Group (France), Permanent Technologies Inc. (U.S.), Atotech (Germany), KAMAX (Germany), SFS Group (Switzerland), Fontana Gruppo (Italy), Nifco Inc. (Japan), Kova Fasteners Pvt. Ltd. (India), Shanghai Tianbao Fastener International (U.S.), Bulten AB (Sweden), Westfield Fasteners Limited (U.K.) are some of the affluent competitors with significant market share in the Automotive Fasteners Market.

MARKET ESTIMATION: 

Market, By Product:

The global market has been divided into Threaded, and Non-Threaded Based on products segment. It is expected that the threaded fastener segment will continue to hold the majority of the market share for the foreseeable future. The assembly and disassembly of numerous automobile parts and components can be facilitated with the use of threaded fasteners.

Market, By Material Type:

The global market has been divided into Stainless Steel, Iron, Bronze, Nickel, Aluminum, Brass, and Plastic Based on the material type segment. As far as materials go, steel fasteners occupy nearly 90% of the market share and are expected to take the lead in the future. The great tensile strength and corrosion resistance of the material are to blame. Aside from the corrosive environment of tropical and coastal areas, the steel fasteners play a significant function in protecting automobiles from corrosion.

Market, By Application:

The global market has been divided into Engine, Chassis, Transmission, Steering, Front/rear axle, Interior trim, and Others based on the application segment. The CAGR for wire harnesses is expected to be the highest of all automotive fastening applications. Fastening wire bundles, which are increasingly being used to secure automotive components, is a major factor in the overall growth of the Automotive Fastener Market.

MARKET SEGMENTATION:

By Product:

  • Threaded

  • Non-Threaded

By Material Type:

  • Stainless Steel

  • Iron

  • Bronze

  • Nickel

  • Aluminum

  • Brass

  • Plastic

By Application:

  • Engine

  • Chassis

  • Transmission

  • Steering

  • Front/rear axle

  • Interior trim

  • Others

Automotive Fasteners Market Segment Chart

REGIONAL ANALYSIS:

The global market for automotive fasteners has been segmented into the following regions: North America, Europe, Asia-Pacific, and the Rest of the World. Due to the increasing number of automobiles sold in countries across Asia-Pacific, such as New Zealand, Australia, India, China, Japan, South Korea, and Indonesia, the market for fasteners is anticipated to experience growth in this region. In 2020, the automotive fasteners market will be dominated by the Asia Pacific region. Fasteners for automobiles are popular in China, India, and Japan. In 2020, China's share of global automotive fastener production is expected to be over 55%. As a result, India and Japan accounted for more than 28 percent of the overall production of automotive fasteners in the Asia Pacific area, which is related to a change from standard to customized automobile parts, as well as a rise in the per capita income of Asian consumers. During the projected period, electric vehicle adoption is expected to increase significantly in the Asia Pacific region. Consequently, the Asia Pacific market for automotive fasteners is likely to grow in the near future.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Automotive Fasteners Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 22.66 Billion
Market Size by 2028 US$ 27.86 Billion
CAGR CAGR of 3% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Product (Threaded, Non-Threaded)
• by Material Type (Stainless Steel, Iron, Bronze, Nickel, Aluminum, Brass, Plastic)
• by Application (Engine, Chassis, Transmission, Steering, Front/rear axle, Interior trim, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles The Philips Screw Company (U.S.), Lisi Group (France), Permanent Technologies Inc. (U.S.), Atotech (Germany), KAMAX (Germany), SFS Group (Switzerland), Fontana Gruppo (Italy), Nifco Inc. (Japan), Kova Fasteners Pvt. Ltd. (India), Shanghai Tianbao Fastener International (U.S.), Bulten AB (Sweden), Westfield Fasteners Limited (U.K.)
Key Drivers •The rising popularity of fuel-efficient and safer automobiles is fueling an increase in demand.

•Recent advances in material composition and product development also boost the global market.
RESTRAINTS •Due to a lack of consumer knowledge about automobile parts, the market is expected to be restrained.

•The demand is expected to be restrained by the high cost of automotive components.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Automotive Fasteners Market Segmentation, By Product

8.1 Threaded

8.2 Non-Threaded

 

9. Global Automotive Fasteners Market Segmentation, By Material Type

9.1 Stainless Steel

9.2 Iron

9.3 Bronze

9.4 Nickel

9.5 Aluminum

9.6 Brass

9.7 Plastic

 

10. Global Automotive Fasteners Market Segmentation, By Application

10.1 Engine

10.2 Chassis

10.3 Transmission

10.4 Steering

10.5 Front/rear axle

10.6 Interior trim

10.7 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Lisi Group (France),

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 The Philips Screw Company (U.S.)

12.3 Permanent Technologies Inc. (U.S.)

12.4 Atotech (Germany)

12.5 KAMAX (Germany)

12.6 SFS Group (Switzerland)

12.7 Fontana Gruppo (Italy)

12.8 Nifco Inc. (Japan)

12.9 Kova Fasteners Pvt. Ltd. (India)

12.10 Shanghai Tianbao Fastener International (U.S.)

12.11 Bulten AB (Sweden)

12.12 Westfield Fasteners Limited (U.K.)

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of the good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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