Dublin, June 16, 2023 (GLOBE NEWSWIRE) -- The "Automotive Fasteners: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Automotive Fasteners estimated at US$16.6 Billion in the year 2022, is projected to reach a revised size of US$24.4 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030.
Removable, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$14.8 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Permanent segment is readjusted to a revised 4.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 7.3% CAGR
The Automotive Fasteners market in the U.S. is estimated at US$2.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.3 Billion by the year 2030 trailing a CAGR of 7.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.5 Billion by the year 2030.
Select Competitors (Total 117 Featured) -
- ARaymond
- Acument Global Technologies
- Illinois Tool Works, Inc.
- Koninklijke Nedschroef Holding N.V.
- LISI Automotive
- NIFCO, Inc.
- Penn Engineering
- Phillips Screw Company
- Rocknel Fastener, Inc.
- STANLEY Engineered Fastening
- TR Fastenings Ltd.
- Westfield Fasteners Limited;
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 606 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $16.6 Billion |
| Forecasted Market Value (USD) by 2030 | $24.4 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
- Progress on Vaccinations: Why Should Businesses Care?
- With IMF's Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic
- A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
- Industrial Activity Remains Subdued in 2020 with Strong Hopes of Long Term Recovery
- Global PMI Index Points for the Years 2018, 2019 & 2020
- Onset of COVID-19 Brings Automotive Fasteners Industry to a Screeching Halt
- Automotive Fastener Manufacturers Face the Pandemic Music
- Automotive Fasteners - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- An Introduction to Automotive Fasteners
- Mechanical Automotive Fasteners
- Segmental Overview
- Fastener Finishing
- Fasteners: "Holding the Automotive Industry Together"
- Structure of the World Automotive Fasteners Market: Percentage Breakdown of Value Sales of Fasteners by Type - Bolts, Nuts, Washers and Others
- Ubiquity of Fasteners in Automobile Design: A Review
- Unmasking the Deceptive Simplicity of Fasteners
- Modular Manufacturing & Production Platforms: The Cornerstone of Fastener Demand
- Global Market Prospects & Outlook
- Dynamic Elements with Potential to Amplify Outlook of Automotive Fasteners Market
- Asia-Pacific, the Largest Auto Production Hub, Dominates the Global Market
- With About 55% Share in World Production of Automobiles, Asia-Pacific Ranks as a Massive Market for Automotive Fasteners: Percentage Breakdown of Volume Production of Automobiles by Geographic Region for the Years 2017 & 2020
- Competitive Scenario: Players Target Diverse Spectrum of Strategies to Stay Competitive
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Thriving Trends Taking Automotive Fasteners Market to the Next Level
- Rise in Vehicle Recalls Due to Fastener Failure Fuels Emphasis on Quality
- Fastener Failures & Vehicle Recalls Create Pressing Need for Quality-Oriented Initiatives
- OEM Migration from Standard Parts to Customized Parts Drives the Importance of Customized Fasteners
- Changing Automotive Manufacturing Trends Impact Opportunities for Fasteners
- Automotive Lightweighting Forces Smarter & Tougher Fastener Innovations
- Massive Engineering Interest in Lightweighting, as Measured by the Robust Demand for Automotive Lightweight Materials, Catalyzes Fastener Material & Design Innovations: Global Automotive Lightweight Materials Market (In US$ Billion) for Years 2022, 2024 & 2026
- Lightweighting Benefits Spur the Commercial Value of Self-Tapping, Self Locking & Self Sealing Fasteners
- Growing Shift Towards Lightweight Materials in Automobile Construction Spurs Development of Self-Tapping & Self-Locking Fasteners: % Breakdown of Automotive Materials Used by Type for the Years 2017 & 2030
- Anticipated STable Automobile Production to Fuel Growth Opportunities in the OEM Market
- World Automobile Production in Million Units: 2008-2022
- Global Production Capacity of the Automobile Industry (In Million Units) by Region for the Years 2017 and 2022
- Nearshoring Trend Positions Brazil & Mexico as a Strong Production Centers for CVs
- An Inevitable Rebound in Market Prospects to Encourage Growth in Sales of Fasteners: Global Commercial Vehicle Sales (In 000 Units) for Years 2018, 2020, 2022, 2024 & 2026
- How the Automotive Industry was Impacted by the Pandemic & What's the New Normal?
- Car Production YoY % Growth in 2020 Across Major Regional Markets
- Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Unprecedented Disruptions in the Supply Chain Triggered by COVID-19 Accelerates the Urgency to Rethink Supply Chain Management
- Unprecedented Losses Sustained in the Supply Chain Pushes Up the Focus on Resilience & Supply Chain Reinvention: Global Losses in Supply Chain as a % of Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) in the Year 2020
- How Are OEMs Responding?
- Automotive Fasteners Take Charge to Handle Thrilling Ride of Electric Vehicles
- Rising Passenger Car Density & Aging Vehicles Spur Opportunities in the Repair & Maintenance Services Sector
- Average Age of Light Vehicles (Car & Light Commercial Vehicles) in the US for Years 2010, 2018 and 2022E
- Tough Emission Control Regulations to Benefit Automotive Fasteners
- Transportation is the Biggest Contributor to GHG Emissions: Global CO2 Emissions (In Billion Metric Tons) for the Year 2021
- Demographic Trends Create Fertile Environment for Long-Term Growth of Automobile Market
- Urban Sprawl
- World Urban Population in Millions: 1950-2050
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
- Growing Affluence of Middle Class Population
- Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
- Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
- Large Base of Millennials
- Global Millennials Population Spread by Region (in %): 2021E
- Millennial Population as a Percentage (%) of Total Population in Developing Countries: 2021E
- Rising Living Standards
- Shape Memory Fasteners: The Future of Automotive Assembling
- Metal Fasteners Continue to Reign
- Plastic Fasteners Grow in Popularity
- Acceptance of Adhesive Fasteners Casts a Long Shadow of Threat Over Mechanical Fasteners
- Remote Fastening Technology: The Focus Area for Future R&D
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/25i0p2
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