(MENAFN- EIN Presswire)
Automotive Plastic Fasteners Market
“Manufacturers are continuously enhancing fuel efficiency to decrease discharge.”
Manufacturers are continuously enhancing fuel efficiency to decrease discharge.” - Polaris
market ResearchNEW YORK CITY, NY, UNITED STATES, December 24, 2024 /EINPresswire / -- The automotive plastic fasteners market forecast for 2032 is a specialized study of the
industry with a specific concentration on the global market trend analysis.
The automotive plastic fasteners market is augmenting. The market is approximated to reach USD 8.56 billion by 2034. It was valued at USD 4.75 billion in 2024. It exhibited a CAGR of 6.1% from 2025 to 2034.
Download Free Sample PDF Copy of the Report:
/request-for-sample?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01
What are Automotive Plastic Fasteners?
Plastic automotive fasteners are a superlative alternative when seeking maximum mechanical attributes with additional intricate exquisite. They are an approved alternative for rendering fasteners involving pins, spacers, connectors, and washers together with blended substances such as rubber.
Plastic fasteners arrive prominently from vinyl for their ductile robustness and crumbliness. Thus, they are pertinent in rendering fasteners for disposable or one-type usage. The weightlessness, in contrast to conventional metal alternatives, impacts the automotive plastic fasteners market growth favorably.
Who Makes Automotive Plastic Fasteners?
.Essentra Components
. ITW
. Avery Dennison
. Panduit
. Nifco Inc.
. BAND-IT
. SABIC
. DuPont
. Bossard Group
Some of the leading players in the automotive plastic fasteners market. The market is continuously developing with several firms struggling to invent and differentiate themselves. Spearheading worldwide corporations influence the market by capitalizing on substantial research and development and progressive techniques. Some of the latest developments in the market are:
In April 2024, TR Fastenings instigated the Plas-Tech 30-20 screws, outlined for automotive plastics, by enhancing presentation with an exceptional pitch and decreased thread angle.
Request for a Discount on this Report Before Purchase:
/request-for-discount-pricing?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01
What's Driving Market Forward?
Merger between Key Players: The market is anticipated to grow due to an escalation in amalgamation between critical contenders in the automotive industry. These amalgamations are anticipated to profit the market through contemporary vehicle instigations and augmentation for production to encounter consumer demands.
Growing Production of Motor Vehicles: The growing generation of motor vehicles globally is pushing the market. As per the data issued by the European Automobile Manufacturers' Association, in 2022, 85.4 million motor vehicles were made globally an escalation of 5.7% as contrasted to 2021. This, in turn, is having a favorable impact on automotive plastic fasteners market sales.
Growing Funding in Automotive Industry: Growing funding in the automotive industry encourages makers to disburse more on modern automotive parts and accessories. As per the Indian Ministry of Information and Broadcasting, the automotive industry accounted for 5.48% of aggregate foreign direct investments in India from 2000 to 2022, portraying a surge in funding.
Which Region Leads Market Growth?
North America: North America accounted for the largest automotive plastic fasteners market share. The region's robust growth is primarily due to the growing demand for electric vehicles. Electric vehicles depend on weightless constituents for superlative distance range and battery productivity spurring the market growth.
Asia Pacific: Asia Pacific is anticipated to witness significant growth from 2025 to 2034. This can be attributed to speedy industrialization in the region. Asia Pacific has transfigured into a prominent manufacturing hub for prominent industries involving automotive manufacturing.
Inquire more about this Report Before Purchase:
/inquire-before-buying?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01
How Is Market Segmentation Done?
By Function Outlook
.Bonding
.NVH
By Vehicle Type Outlook
.Passenger Cars
.LCVs
By Application Outlook
.Interior
.Exterior
.Electronics
.Powertrain
.Chassis
.Wire harnessing
.Others
By Regional Outlook
.North America
oUS
oCanada
.Europe
oGermany
oFrance
oUK
oItaly
oSpain
oNetherlands
oRussia
oRest of Europe
.Asia Pacific
oChina
oJapan
oIndia
oMalaysia
oSouth Korea
oIndonesia
oAustralia
oRest of Asia Pacific
.Middle East & Africa
oSaudi Arabia
oUAE
oIsrael
oSouth Africa
oRest of the Middle East & Africa
.Latin America
oMexico
oBrazil
oArgentina
oRest of Latin America
FAQs:
How much is the automotive plastic fasteners market?
The market size was valued at USD 4.75 billion in 2024 and is projected to grow to USD 8.56 billion by 2034.
What is the growth rate of the automotive plastic fasteners market?
The global market is projected to register a CAGR of 6.1% during 2025–2034.
Which region held the largest market share?
North America accounted for the largest share of the global market in 2024.
Which vehicle type segment registered a significant CAGR in the global market in 2024?
The passenger car segment experienced the highest CAGR in 2024.
Browse More Research Reports:
Non-Associated Cellulose Rheology Modifiers Market:
Alpha-Cellulose Market:
Imidazoline Derivative Inhibitor Market:
CPP Films Market:
Popcorn Container Market:
Board Insulation Market:
About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
Likhil G
Polaris Market Research and Consulting
+1 929-297-9727
...
Visit us on social media:
Facebook
X
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
MENAFN24122024003118003196ID1109027624
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.