Automotive Fasteners Market Size To Grow By USD 8,379.8 Million From 2022 To 2027: A Descriptive Analysis Of Customer Landscape, Vendor Assessment, And Market Dynamics - Technavio

(MENAFN- PR Newswire)

NEW YORK, Feb. 11, 2023 /PRNewswire/ -- The global automotive fasteners market size is estimated to increase by USD 8,379.8 million
between 2022 and 2027. The market's growth momentum will progress at a CAGR of
8%
-
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Global automotive fasteners market – Vendor analysis

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Technavio has announced its latest market research report titled Global Automotive Fasteners Market 2023-2027

Vendor offerings -

• A.AGRATI Spa -
  The company offers fastening and component solutions such as nuts and internally threaded fasteners
  for different applications in the automotive and
  commercial vehicle markets.
• Acument Global Technologies Inc. -
  The company offers a range of fasteners such as externally threaded fasteners externally threaded fastening systems and internally threaded fastening systems.
• Bulten AB -
  The company offers a wide variety of fasteners, such as customer-specific standard products.
• EJOT HOLDING GmbH & Co. KG -
  The company offers a broad range of fasteners, including large-diameter bolts for aircraft, aerospace, and construction applications
• For details on vendors and their offerings – buy the report!

Vendor landscape -

The global automotive fasteners market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer automotive fasteners in the market are A.AGRATI Spa, Acument Global Technologies Inc., Bulten AB, EJOT HOLDING GmbH and Co. KG, Illinois Tool Works Inc., KAMAX Holding GmbH and Co KG, Koninklijke Nedschroef Holding BV, Nifco Inc., Norm Holding, Penn Engineering, Phillips Screw Co., Precision Castparts Corp., Raygroup SASU, Rocknel Fastener Inc., SBE VARVIT Spa, Simmonds Marshall Ltd., Stanley Black and Decker Inc., Sterling Tools Ltd, Sundaram Fasteners Ltd, and Trifast plc and others.

Prominent vendors are engaged in the development and manufacturing of fasteners and adhesive products for automotive applications. They are focusing on improving the reliability and lifespan of automotive fasteners due to
stringent regulatory requirements. Therefore, it becomes imperative for vendors to distinguish their offerings through clear and unique value propositions to survive and succeed in such a competitive environment during the forecast period.

Global automotive fasteners market - Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity

Global automotive fasteners market - Segmentation assessment

Segment overview
Technavio has segmented the market based on end-user (OEM and aftermarket) and vehicle type
(passenger cars and commercial vehicles).

• The market share growth of the OEM
  segment
  will be higher than the other segments during the forecast period. Fasteners are used for various applications in the automotive industry by OEMs.
  Automotive fasteners are used to join dissimilar materials without using adhesives. The demand for automotive fasteners will increase during the forecast period, with the increasing production activities in the automotive sector. These factors will drive the growth of the segment during the forecast period.
  

Geography overview
Based on
geography, the global automotive fasteners market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive fasteners market.

• APAC
  is estimated to
  account for
  59%
  of the growth of the global market during
  the forecast period. The market in the region is expected to
  grow at a faster rate than
  in Europe and North America. A majority of the revenue in APAC
  is expected to originate from China, Japan, and India due to the increasing automobile production. This is because major
  automobile manufacturers
  such as GM, Ford, Volkswagen, and Daimler have shifted their production bases to the developing countries in APAC. These factors will drive the regional market's growth during the forecast period.

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Global automotive fasteners market
– Market dynamics

Leading drivers - Cost advantages of using plastic automotive fasteners are driving the market's growth.
Plastic is being
replaced with metal in many automotive applications owing to its cost advantages, including material and labor costs.
In addition, plastic
has
a faster turnaround and throughput time than metal, which
increases the production volume while lowering the cost per part manufactured. Thus, the cost advantages and the non-corrosive nature and versatility of plastic fasteners will drive the
market during the forecast period.

Key trends -
The growing popularity of lightweight fastener solutions is a key trend in the market.
Manufacturers are introducing
lightweight innovations to improve the strength and performance of fasteners owing to advances in the automotive industry. Lightweight materials are used in vehicle applications such as the body, chassis, and interior, as well as powertrain components. Manufacturers use various technologies such as clinching, flow drilling screws,
and thread-forming screws to join these components. The weight of the vehicle can be reduced because of these automotive fastening technologies. Although these technologies are generally used in luxury vehicles, they are expected to be expanded to mid-segment vehicles during the forecast period, which will accelerate
market growth.

Major challenges -
Fasteners-related recalls due to improper manufacturing procedures challenge the automotive fasteners market during the forecast period.
The cost of a product recall is shared across the value chain in the automotive industry. In the case of automotive fasteners, the use of poor materials and
poor fastener design and assembly are the two main reasons for failure.
These issues can be reduced or eliminated by following proper manufacturing and quality control procedures during and after the fabrication of fasteners. Hence, product recalls due to fastener-related issues will impede the market's growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact
businesses.
Find some insights from a sample report!

What are the key data covered in this automotive fasteners market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the automotive fasteners market between
  2023 and 2027
• Precise estimation of the size of the automotive fasteners market and
  its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the automotive fasteners market across
  APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of automotive fasteners market vendors

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Automotive Fasteners Market Scope
Report Coverage	Details
Page number	155
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 8%
Market growth 2023-2027	USD 8,379.8 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	6.82
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 59%
Key countries	US, China, Japan, India, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	A.AGRATI Spa, Acument Global Technologies Inc., Bulten AB, EJOT HOLDING GmbH and Co. KG, Illinois Tool Works Inc., KAMAX Holding GmbH and Co KG, Koninklijke Nedschroef Holding BV, Nifco Inc., Norm Holding, Penn Engineering, Phillips Screw Co., Precision Castparts Corp., Raygroup SASU, Rocknel Fastener Inc., SBE VARVIT Spa, Simmonds Marshall Ltd., Stanley Black and Decker Inc., Sterling Tools Ltd, Sundaram Fasteners Ltd, and Trifast plc
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio's consumer discretionary market
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Table of
contents

1 Executive Summary

• 1.1 Market overview
  • Exhibit 01: Executive Summary – Chart on Market Overview
  • Exhibit 02: Executive Summary – Data Table on Market Overview
  • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
  • Exhibit 04: Executive Summary – Chart on Market by Geography
  • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
  • Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
  • Exhibit 07: Executive Summary – Chart on Incremental Growth
  • Exhibit 08: Executive Summary – Data Table on Incremental Growth
  • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
  • Exhibit 10: Parent market
  • Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
  • Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
  
  • Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027
  
  • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
  • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
  • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
  • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global automotive fasteners market 2017 - 2021
  
  • Exhibit 18: Historic Market Size – Data Table on Global automotive fasteners market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021
  
  • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Vehicle type Segment Analysis 2017 - 2021
  
  • Exhibit 20: Historic Market Size – Vehicle type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
  
  • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
  
  • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
  • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers
  
  • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers
  
  • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants
  
  • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes
  
  • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
  • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
  • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
  • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
  • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user
  
  • Exhibit 32: Chart on Comparison by End-user
  • Exhibit 33: Data Table on Comparison by End-user

• 6.3 OEM - Market size and forecast 2022-2027
  
  • Exhibit 34: Chart on OEM - Market size and forecast 2022-2027 ($ million)
  • Exhibit 35: Data Table on OEM - Market size and forecast 2022-2027 ($ million)
  • Exhibit 36: Chart on OEM - Year-over-year growth 2022-2027 (%)
  • Exhibit 37: Data Table on OEM - Year-over-year growth 2022-2027 (%)

• 6.4 Aftermarket - Market size and forecast 2022-2027
  
  • Exhibit 38: Chart on Aftermarket - Market size and forecast 2022-2027 ($ million)
  • Exhibit 39: Data Table on Aftermarket - Market size and forecast 2022-2027 ($ million)
  • Exhibit 40: Chart on Aftermarket - Year-over-year growth 2022-2027 (%)
  • Exhibit 41: Data Table on Aftermarket - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by End-user
  
  • Exhibit 42: Market opportunity by End-user ($ million)

7 Market Segmentation by Vehicle Type

• 7.1 Market segments
  • Exhibit 43: Chart on Vehicle Type - Market share 2022-2027 (%)
  • Exhibit 44: Data Table on Vehicle Type - Market share 2022-2027 (%)

• 7.2 Comparison by Vehicle Type
  
  • Exhibit 45: Chart on Comparison by Vehicle Type
  • Exhibit 46: Data Table on Comparison by Vehicle Type

• 7.3 Passenger cars - Market size and forecast 2022-2027
  
  • Exhibit 47: Chart on Passenger cars - Market size and forecast 2022-2027 ($ million)
  • Exhibit 48: Data Table on Passenger cars - Market size and forecast 2022-2027 ($ million)
  • Exhibit 49: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
  • Exhibit 50: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)

• 7.4 Commercial vehicles - Market size and forecast 2022-2027
  
  • Exhibit 51: Chart on Commercial vehicles - Market size and forecast 2022-2027 ($ million)
  • Exhibit 52: Data Table on Commercial vehicles - Market size and forecast 2022-2027 ($ million)
  • Exhibit 53: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
  • Exhibit 54: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Vehicle Type
  
  • Exhibit 55: Market opportunity by Vehicle Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview
  
  • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation
  
  • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
  • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison
  
  • Exhibit 59: Chart on Geographic comparison
  • Exhibit 60: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
  
  • Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ million)
  • Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
  • Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
  • Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
  
  • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
  • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
  • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
  • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
  
  • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
  • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
  • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
  • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
  
  • Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
  • Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
  • Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
  • Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027
  
  • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
  • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
  • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
  
  • Exhibit 81: Chart on China - Market size and forecast 2022-2027 ($ million)
  • Exhibit 82: Data Table on China - Market size and forecast 2022-2027 ($ million)
  • Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
  • Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
  
  • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
  • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
  • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
  • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
  
  • Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 ($ million)
  • Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
  • Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
  • Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 India - Market size and forecast 2022-2027
  
  • Exhibit 93: Chart on India - Market size and forecast 2022-2027 ($ million)
  • Exhibit 94: Data Table on India - Market size and forecast 2022-2027 ($ million)
  • Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%)
  • Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
  
  • Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
  • Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
  • Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
  • Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography
  
  • Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges
  
  • Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
  • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
  • Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks
  • Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
  • Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors
  
  • Exhibit 107: Matrix on vendor position and classification

• 12.3 A.AGRATI Spa
  • Exhibit 108: A.AGRATI Spa - Overview
  • Exhibit 109: A.AGRATI Spa - Product / Service
  • Exhibit 110: A.AGRATI Spa - Key offerings

• 12.4 Acument Global Technologies Inc.
  
  • Exhibit 111: Acument Global Technologies Inc. - Overview
  • Exhibit 112: Acument Global Technologies Inc. - Product / Service
  • Exhibit 113: Acument Global Technologies Inc. - Key offerings

• 12.5 Bulten AB
  • Exhibit 114: Bulten AB - Overview
  • Exhibit 115: Bulten AB - Business segments
  • Exhibit 116: Bulten AB - Key offerings
  • Exhibit 117: Bulten AB - Segment focus

• 12.6 EJOT HOLDING GmbH and Co. KG
  
  • Exhibit 118: EJOT HOLDING GmbH and Co. KG - Overview
  • Exhibit 119: EJOT HOLDING GmbH and Co. KG - Product / Service
  • Exhibit 120: EJOT HOLDING GmbH and Co. KG - Key offerings

• 12.7 Illinois Tool Works Inc.
  
  • Exhibit 121: Illinois Tool Works Inc. - Overview
  • Exhibit 122: Illinois Tool Works Inc. - Business segments
  • Exhibit 123: Illinois Tool Works Inc. - Key offerings
  • Exhibit 124: Illinois Tool Works Inc. - Segment focus

• 12.8 KAMAX Holding GmbH and Co KG
  
  • Exhibit 125: KAMAX Holding GmbH and Co KG - Overview
  • Exhibit 126: KAMAX Holding GmbH and Co KG - Product / Service
  • Exhibit 127: KAMAX Holding GmbH and Co KG - Key offerings

• 12.9 Koninklijke Nedschroef Holding BV
  
  • Exhibit 128: Koninklijke Nedschroef Holding BV - Overview
  • Exhibit 129: Koninklijke Nedschroef Holding BV - Product / Service
  • Exhibit 130: Koninklijke Nedschroef Holding BV - Key offerings

• 12.10 Nifco Inc.
  • Exhibit 131: Nifco Inc. - Overview
  • Exhibit 132: Nifco Inc. - Business segments
  • Exhibit 133: Nifco Inc. - Key offerings
  • Exhibit 134: Nifco Inc. - Segment focus

• 12.11 Norm Holding
  • Exhibit 135: Norm Holding - Overview
  • Exhibit 136: Norm Holding - Product / Service
  • Exhibit 137: Norm Holding - Key offerings

• 12.12 Penn Engineering
  • Exhibit 138: Penn Engineering - Overview
  • Exhibit 139: Penn Engineering - Product / Service
  • Exhibit 140: Penn Engineering - Key offerings

• 12.13 Phillips Screw Co.
  • Exhibit 141: Phillips Screw Co. - Overview
  • Exhibit 142: Phillips Screw Co. - Product / Service
  • Exhibit 143: Phillips Screw Co. - Key offerings

• 12.14 Raygroup SASU
  • Exhibit 144: Raygroup SASU - Overview
  • Exhibit 145: Raygroup SASU - Product / Service
  • Exhibit 146: Raygroup SASU - Key offerings

• 12.15 Rocknel Fastener Inc.
  
  • Exhibit 147: Rocknel Fastener Inc. - Overview
  • Exhibit 148: Rocknel Fastener Inc. - Product / Service
  • Exhibit 149: Rocknel Fastener Inc. - Key offerings

• 12.16 SBE VARVIT Spa
  • Exhibit 150: SBE VARVIT Spa - Overview
  • Exhibit 151: SBE VARVIT Spa - Product / Service
  • Exhibit 152: SBE VARVIT Spa - Key offerings

• 12.17 Sundaram Fasteners Ltd
  
  • Exhibit 153: Sundaram Fasteners Ltd - Overview
  • Exhibit 154: Sundaram Fasteners Ltd - Product / Service
  • Exhibit 155: Sundaram Fasteners Ltd - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist
  
  • Exhibit 156: Inclusions checklist
  • Exhibit 157: Exclusions checklist

• 13.3 Currency conversion rates for US$
  
  • Exhibit 158: Currency conversion rates for US$

• 13.4 Research methodology
  • Exhibit 159: Research methodology
  • Exhibit 160: Validation techniques employed for market sizing
  • Exhibit 161: Information sources

• 13.5 List of abbreviations
  
  • Exhibit 162: List of abbreviations

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