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Opportunities for the global automotive fastener market to reach $25.9 billion by 2022 -USD 0

Publish Date: 27-08-2017 22:41:44 | Contact name: Lucintel | Location: USA | 4 times displayed |





According to a new market report published by
Lucintel, the future of the global automotive fastener market looks promising
with opportunities in the passenger car and light commercial vehicle segment. The
global automotive fastener market is expected to reach an estimated $25.9 billion
by 2022 and it is forecast to grow at a CAGR of 3.1% from 2017 to 2022. The
major growth drivers for this market are increasing vehicle production and increasing
migration of OEMs from standard fasteners to customized fasteners.



In terms of materials, various type of
fasteners are used which includes iron aluminum, brass, stainless steel nickel,
and plastics. On the basis of its comprehensive research, Lucintel forecasts
that the aluminum and plastic fastener segments are expected to show above
average growth during the forecast period.



By product
type, threaded and non-threaded fasteners are the major segments of the
automotive fastener market. Threaded fastener is expected to remain the largest
market, as it offers high corrosion resistance and durable bond than
non-threaded fasteners.



Fasteners are used to join car body, chassis,
powertrain, and electric mechatronics. The powertrain and electric mechatronics segment will be the fastest growing market, integration of new features
and technological advancements in vehicles will results in the growth of the powertrain
and electric mechatronics segment.



By
characteristics, removable fasteners, permanent fasteners, and semi-permanent
fasteners are the major segments of the automotive fastener market. Permanent
fastener segment is expected to remain the largest segment due to its
increasing penetration in light commercial vehicle market.



By end user, OEM and aftermarket are the major segments
of the automotive fastener market. OEM segment is expected to remain the
largest segment due to increasing vehicle production and technological
advancement.





Zinc coating, passive coating, cadmium coating, and dry
film lube coating are the major segments of the automotive fastener market by
coating type. Zinc coating is the largest segment as it is considered as non-toxic
and low cost galvanizing coatings, which are mostly preferred by OEMs and auto
component manufacturer.





Nuts, bolts, screws, and rivets are the major market
segment by fastener type. 1 inch (M6), 1.2 and 1.25 inch (M8) fasteners are the
dominating segment by fastener size.





Asia Pacific
and ROW are expected to experience significant growth over the forecast period
because of high vehicle production over the forecast
period.





Emerging trends, which have a direct impact on
the dynamics of the industry, include the development of light weight material fasteners
and introduction of self-contained in-die fasteners. Stanley Engineered
Fastening, Bulten AB, Sundaram Fasteners Ltd, Illinois Tool Works, and Trifast
plc are the major suppliers in the global automotive fastener market.





Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global automotive fastener market by product type, material type, coating type,
characteristics, end user, type, application, vehicle
type, and region. Lucintel has compiled a comprehensive research report
entitled “Growth
Opportunities in the Global Automotive Fastener Market 2017-2022: Trends,
Forecast, and Opportunity Analysis
.”
The Lucintel report serves as a catalyst for growth strategy, as it provides
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global automotive fastener market by product
type, material type, coating type, characteristics,
end user, type, application, vehicle type, and region, as follows:





By Product Type ($ Million from 2011 to 2022)



·
Threaded Fasteners



·
Non-threaded Fasteners



By Characteristic ($ Million from 2011 to
2022)



·
Removable Fasteners



·
Permanent Fasteners



·
Semi-Permanent Fasteners



By Coating Type ($ Million from 2011 to 2022)



·
Zinc Coating



·
Passive Coating



·
Cadmium Coating



·
Dry Film Lube Coating



By Material Type ($ Million from 2011 to 2022)



·
Iron



·
Aluminum



·
Brass



·
Stainless Steel



·
Nickel



·
Plastic



By End User ($ Million from 2011 to 2022)



·
OEM



·
Aftermarket



By Fastener type ($ Million from 2011 to 2022)



·
Bolts



·
Screws



·
Nuts



·
Rivets



By Application ($ Million from 2011 to 2022)



·
Car body



·
Chassis



·
Powertrain



·
Electric Mechatronics



·
Others



By Vehicle Type ($ Million from 2011 to 2022)



·
Passenger Car



·
Light Commercial Vehicle



·
Heavy Commercial vehicle



By Region [Volume (Million Units) $ Million from 2011 to
2022]



·
North America



o
US



o
Canada



o
Mexico



·
Europe



o
United Kingdom



o
France



o
Germany



o
Italy



o
Russia



·
Asia Pacific



o
China



o
India



o
Japan



o
Indonesia



o
South Korea



·
The Rest of the World



o
Brazil



o
Turkey



This
283-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com. Lucintel
offerings include Mass
Transportation
, Transportation
Market Report
, Strategic
Growth Consulting
, Capital
Investment Analysis
and Due Diligence.







About Lucintel



Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. Lucintel offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.



This
report answers the following 11 key questions:



Q.1 What are
some of the most promising, high-growth opportunities for the automotive fastener
market by product type (threaded and non-threaded), material type (iron, aluminum,
stainless steel, brass, plastic, and nickel),
characteristics (removable, permanent and semi-permanent), coating type (zinc
coating, passive coating, cadmium coating, and dry film lube coating), end user
(OEM and aftermarket), type (bolts, screws; nuts, and rivets), application (car
body, chassis, powertrain, electric mechatronics, and others), vehicle type
(passenger car, light commercial vehicle, and heavy commercial vehicle) and
region (North America, Europe, Asia Pacific, and the Rest of the World)?



Q.2 Which
segments will grow at a faster pace and why?



Q.3 Which
region will grow at a faster pace and why?



Q.4 What are
the key factors affecting market dynamics? What are the key challenges and
business risks in this market?



Q.5 What are
the business risks and competitive threats in this market?

Q.6 What are
the emerging trends in this market and the reasons behind them?



Q.7 What are
some of the changing demands of customers in the market?



Q.8 What are
the new developments in the market? Which companies are leading these
developments?



Q.9 Who are the
major players in this market? What strategic initiatives are key players pursuing
for business growth?



Q.10 What are
some of the competing products in this market and how big of a threat do they
pose for loss of market share by material or product substitution?



Q.11 What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?





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