Automotive Fastener Market Growth Potential & Forecast, 2028

Automotive Fastener Market is projected to cross USD $21.5039 Bn by 2028, rapidly expanding automotive industry around the world. In addition, prevalent adoption of lightweight automotive materials to reduce vehicle weight is likely to foster market growth over the forecast period.

Modern automobiles require advanced materials to improve fuel economy while retaining safety and performance. Lightweight materials have a lot of potential for improving vehicle efficiency because it requires less energy to accelerate a lighter item than a heavy one. Favorable environmental regulations to reduce emissions have augmented industry expansion.

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Modern automobiles require advanced materials to improve fuel economy while retaining safety and performance. Lightweight materials have a lot of potential for improving vehicle efficiency because it requires less energy to accelerate a lighter item than a heavy one. Favorable environmental regulations to reduce emissions have augmented industry expansion.

Furthermore, companies have been engaging in lucrative strategies to tap into emerging trends in the market, which has positively impacted the overall business landscape. For instance, in June 2021, SFS Group AG, a leading manufacturer of mechanical fastening systems, announced the acquisition of Jevith A/S, a prominent supplier of fastening solutions. The deal enabled SFS to expand its fastening portfolio across Denmark.

To cite another instance, in March 2021, KAMAX Holding GmbH & Co. KG, a key manufacturer of fasteners for the mobility industry, acquired a majority stake in Robert Schroder Group, a global producer of precision parts. With the agreement, KAMAX expanded its product portfolio in novel applications and areas, such as e-drives and e-bikes.

The automotive fasteners market has been segregated on the basis of application, product, distribution channel, materials, characteristics, and region. In terms of product, the market has further been divided into non-threaded and threaded. The non-threaded sub-segment is set to expand at a CAGR of more than 5% between 2022 and 2028.

From the materials perspective, the automotive fasteners market has been categorized into plastic, steel, and others. The plastic sub-segment is speculated to grow at around 5% CAGR through the forecast period to reach a considerable valuation by 2028.

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From the application point of view, the automotive fasteners market has been bifurcated into HCV, PC, and LCV. The HCV sub-segment is anticipated to develop at a robust pace over the review timeline to reach around USD 1 billion valuation by the end of 2028.

On the regional front, the Middle East & Africa automotive fasteners market is poised to exceed USD 530 million in revenue by the end of 2028, growing at a solid CAGR through the forecast timeframe.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Automotive fastener industry 360° synopsis, 2018 – 2028

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Materials trends

2.1.4    Characteristic trends

2.1.5    Distribution trends

2.1.6    Application trends

2.1.7    Regional trends

Chapter 3   Automotive Fastener Industry Insights

3.1    Industry segmentation

3.2    Industry size and forecast, 2018 – 2028

3.3    Industry ecosystem analysis

3.3.1    Value addition

3.3.2    Distribution channel analysis

3.3.3    Value chain disruption analysis

3.3.4    Vendor matrix

3.3.4.1    List of key manufacturers/suppliers

3.3.4.2    List of key potential customers

3.4    Future trends

3.5    Raw material analysis

3.6    Regulatory trends

3.6.1    U.S.

3.6.2    Europe

3.6.3    Asia Pacific

3.7    Industry impact forces

3.7.1    Growth drivers

3.7.1.1    Growing adoption of lightweight automotive materials to reduce vehicle weight

3.7.1.2    Ease of availability for raw materials

3.7.1.3    Increasing product manufacturing operations in China to cater the global demand

3.7.1.4    Increasing product demand from numerous automotive manufacturers in Europe

3.7.2    Industry pitfalls & challenges

3.7.2.1    Dip in the automotive industry in the recent period may effect product consumption

3.8    Growth potential analysis

3.9    Porter’s analysis

3.9.1    Supplier power

3.9.2    Buyer power

3.9.3    Threat of new entrants

3.9.4    Threat of substitutes

3.9.5    Industry Rivalry

3.10    Competitive landscape

3.10.1    Company market share analysis, 2021

3.10.2    Strategy dashboard

3.11    Price trends

3.11.1    Regional price trends

3.11.2    Price by product

3.11.3    Cost structure analysis

3.11.3.1    R&D Cost

3.11.3.2    Manufacturing and Equipment cost

3.11.3.3    Raw Material Cost

3.11.3.4    Distribution Cost

3.11.3.5    Operating Cost

3.11.3.6    Miscellaneous Cost

3.12    PESTEL analysis

3.13    COVID-19 impact on automotive fastener demand by application

3.13.1    Passenger Car (PC)

3.13.2    Light Commercial Vehicle (LCV)

3.13.3    Heavy Commercial Vehicle (HCV)

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