DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
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 in vehicles. However, the major restraint for the automotive fastener market is the development of alternatives such as clinching and welding in auto parts, which can potentially reduce the cost of operation and thus can eliminate the use of traditional fasteners.
Semi-permanent fasteners, such as cotter pin, can be disassembled. Semi-permanent automotive fastener is the upcoming trend in the automotive industry. Semi-permanent fasteners segment is expected to show comparatively higher growth in future due to its wide use in automobiles. It can be used in almost all components of a vehicle. Wide application and advantages over permanent fasteners will drive the growth of semi-permanent fasteners in the coming years.
The increasing production of vehicles, specifically in Brazil and Russia, is expected to drive the automotive fastener market in the Rest pof World region. The electric, self-driving, and connected vehicles are global trends and will potentially make the largest impact on the development of the region's car market. The support of the Russian and Brazilian governments to the relevant projects will boost the automotive fastener market in the region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Fastener Market, By Product
7 Automotive Fastener Market, By Characteristics
8 Automotive Fastener Market, By Application
9 Automotive Fastener Market, By Material Type
10 Automotive Fastener Market, By Vehicle Type
11 Automotive Fastener Market, By Electric Vehicle Type
12 Automotive Fastener Market, By Region
13 Competitive Landscape
14 Company Profiles
- Sundram Fasteners Limited
- LISI Group
- Shanghai Prime Machinery Company Limited
- Bulten Ab
- Stanley Black & Decker
- SFS Group AG
- Meidoh Co. Ltd.
- Nipman Fasteners
- Wrth Group
- Westfield Fasteners Limited
- Changshu City Standard Parts Factory
- Fontana Gruppo
- Simmonds Marshall Limited
- Sterling Tools Limited
- Nifco Group
- Boltun Corporation
For more information about this report visit https://www.researchandmarkets.com/research/4sxs37/automotive?w=4