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new York, May 25, 2021 / PRNewswire /-Application and Geography of Automotive Fasteners Market-Forecast and Analysis 2021-2025“The report has been added to Technavio’s products.
The automotive fastener market will grow US$6.02 billion, The compound annual growth rate in 2021-2025 exceeds 6%. The report provides the latest analysis on current market conditions, the latest trends and driving factors, and the overall market environment.
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Automotive fastener market: segmented by application
According to application segmentation, the market will generate the largest revenue in the passenger car sector in 2020. Due to factors such as increased consumer expectations and increased competition prompting OEMs to increase functionality to maintain market share and other factors, lightweight products will increase passenger car fasteners. The growth of this segment will increase significantly during the forecast period.
Automotive fastener market: segmented by region
59% of the market growth will come from the Asia-Pacific region and will occupy the largest market share in 2020. Compared with market growth in other regions, market growth in this region is expected to be faster. The growth of the Asia-Pacific market can be attributed to the increasing popularity of lightweight fastener solutions, which will significantly affect the growth of the automotive fastener market in the Asia-Pacific region during the forecast period. China, Japan, with South Korea (Republic of Korea) is the main market for automotive fasteners in the region.
Automotive fastener market: opportunities
Factors such as improving economic conditions and political stability, rapid urbanization, and infrastructure and industrial growth are promoting market growth. For many years, countries around the world have been investing heavily in the automotive sector. This will create a huge demand for the automotive fastener market, which will bring several growth opportunities for market suppliers.
Learn more about Techanavio’s analysis of the impact of interrupt threats, and compare interrupt sources and factors driving interrupts:
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Main market dynamics:
Market drivers
- The cost advantage of using plastic automotive fasteners
- The growing popularity of structural blind fasteners
- Strict regulations to control emissions
Market challenge
- Recalls related to fasteners due to improper manufacturing procedures
- More and more participants in the automotive fastener supply chain
- Car production and sales dropped sharply
Companies mentioned
- Bulten AB
- EJOT Holding GmbH & Co.KG
- Illinois tool factory co., ltd.
- KAMAX Holding GmbH & Co.KG
- Koninklijke Nedschroef Holding BV
- Standard fasteners
- Department of Engineering, University of Pennsylvania
- Rocknel Fastener Company
- SBE-VARVIT Spa
- Sendaram Fastener Co., Ltd.
Learn more about global trends affecting the future of the automotive fastener market,
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Available customization
In addition to market data, Technavio also provides customization according to the company’s specific needs.the following Custom options are available for Automotive Fasteners Market Report.
- Request a further breakdown of the market segment in the area.
- Detailed analysis and analysis of other market participants, supplier segmentation and supplier products.
Key topics covered
- executive Summary
- Market structure
- Market size
- Five Forces Analysis
- Segment the market by application
- Geographical subdivision
- Customer environment
- Geographic landscape
- Supplier landscape
- Supplier analysis
- appendix
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Report page: https://www.technavio.com/report/automotive-fasteners-market-industry-analysis
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