Automotive Fastener Market Size, Share, Analysis by 2025
                     MarketsandMarkets 
Presents
Automotive Fastener Market Size, 
Share, Analysis by 2025
https://
www.marketsandmarkets.com/Market-Reports/automotive-fastener-
market-10053940.html
 
The report "Automotive Fastener Market by Characteristics 
(Removable, Permanent, Semi-Permanent), Products (Threaded, 
Non-Threaded), Material Type (Stainless Steel, Plastic, 
Aluminum), Application, Electric Vehicle Type, and Region - 
Global Forecast to 2025", The global automotive fastener market is 
projected to grow from an estimated USD 21.45 Billion in 2018 to USD 
25.30 Billion by 2025, at a CAGR of 2.39% from 2018 to 2025. 
The market is anticipated to grow owing to various reasons such as the 
growing vehicle production, shifting focus toward lightweight vehicles, 
and the increasing use of electronics such as ignition, carputers, 
telematics, and in-car entertainment systems in vehicles.
Browse 106 market data Tables and 45 Figures spread through 
152 Pages and in-depth TOC on "Automotive Fastener Market ”
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The removable fastener segment, by characteristics, is 
estimated to be the largest segment in the automotive fastener 
market
Removable automotive fasteners enable the parts to be disconnected 
readily without any damage. These fasteners contribute the maximum 
share in the total number of fasteners used in an automobile. Removable 
automotive fasteners such as nuts, bolts, and studs can be installed and 
removed easily with the help of hand tools or power tools. These types 
of fasteners have a long life and can be used multiple times. The 
penetration of removable fastener in automobiles is high due to its 
properties.
The plastic fastener segment, by material type, is estimated to 
be the fastest growing segment of the automotive fastener 
market
The market for plastic fastener is estimated to have the highest growth 
due to the increasing need to reduce vehicle weight. The increasing 
demand for automobile weight reduction and fuel efficiency will reduce 
the use of metals such as stainless steel and iron and will increase the 
use of lightweight materials like plastic, which are the growth drivers for 
the plastic fastener segment in future.
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Asia Pacific is estimated to be the largest market for the 
automotive fasteners
The study considers countries such as China, Japan, India, and South 
Korea in the Asia Pacific region. The increasing production of vehicles in 
China, Japan, and India and the growing demand for electric vehicles, 
especially in China and Japan, are expected to drive the automotive 
fastener market in the region. The government regulations for 
lightweight vehicles have led to advancements in technology for 
manufacturing lightweight and durable products in the region. Also, 
manufacturers are shifting from standard parts to customized parts, 
which will drive the demand for customized fasteners in the Asia Pacific 
region.
The study covers all the major players in the automotive fastener 
market, including established players such as Bulten AB (Sweden), 
KAMAX (Germany), Sundram Fasteners (India), Stanley Black & 
Decker (US), Shanghai Prime Machinery Company (China), SFS 
Group (Switzerland), and Lisi Group (France). These companies 
collectively account for a major share of the automotive fastener market. 
The report also comprises a few other players such as Meidoh Co. 
(Japan), Nipman Fasteners (India), Piolax (US), Westfield Fasteners 
(UK), Fontana Gruppo (Italy), Bollhoff (Germany), Nedshroef 
(Netherlands), Nifco Group (Japan), Boltun Corporation (Taiwan), 
Chanshu City Standard Parts (China), Wurth Group (Germany), and 
Simmonds Marshall (India)
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