Global Automotive Fastener Market to Post 3.1% CAGR through 2022, Expects Lucintel in Its Topical Report Available at MarketPublishers.com11 Oct 2017 • by Natalie Aster
LONDON – The world automotive fastener market seems to have a bright future with major opportunities existing in the passenger car and LCV segments. The market is projected to reach an estimated value of appr. USD 25.9 billion by 2022-end, posting a 3.1% CAGR in the foreseeable future. The main factors fuelling the market growth are a hike in the manufacturing of vehicles and increasing shift of OEMs from conventional fasteners to customised fasteners.
Emerging trends in the automotive fastener market encompass the evolution of light-weight material fasteners and the uptake of self-contained in-die fasteners.
With respect to product types, threaded and non-threaded fasteners dominate the market for automotive fasteners. Threaded fastener is poised to keep on taking the lead in the market, due to its high resistance to corrosion and durable bonds compared to non-threaded fasteners.
APAC and RoW are anticipated to see immense growth in the years to come on account of intense vehicle production in the offing.
Topical research publication “Growth Opportunities in the Global Automotive Fastener Market” elaborated by Lucintel presents a deep assessment of the marketplace on a global scale.
The report provides market size estimations and forecast figures for the world automotive fastener market to 2022. It segments the market based on product type, material, type of coating, characteristics, end-use sector, type, application, vehicle, and region-wise; analysis each of the segment in terms of value and volume shipment. The report sheds light on the market trends, historical and forecasted, by segments and region; sheds light on the factors impacting the market dynamics; identifies key growth opportunities in various applications and regions. The research includes insights into M&A, new product developments, and canvasses the competitive scenario of the automotive fastener market worldwide. It offers an analysis of the competitive degree of the sector based on Porter’s five forces model. Furthermore, the report includes detailed profiles of the dominant players active in this automotive fastener market are profiled, with coverage of their strategic incentives in pursuit of business growth.
More topical market research reports elaborated by Lucintel are available at the publisher’s page at MarketPublishers.com.