"Driving Innovation: Key Players in the Automotive Fasteners Market"

 The automotive fasteners market is anticipated to obtain growth at an average CAGR of 6% and is forecasted to reach a valuation of USD 47,174.7 Million by 2032, while it holds a revenue of USD 26,342.1 Million in 2022.

Key Takeaways from Market Study

  • Europe holds the biggest market space for the automotive fasteners market and is anticipated to hold its ground during the forecast period, with 26% of the share attributed to the sales of commercial vehicles such as passenger cars and electric buses.
  • North America has the second largest space in the global automotive fasteners market, while its growth is owing to advancements in electric vehicle and their higher adoption with a 16% global share.
  • The automobile companies such as General Motors and Ford are making the USA a significant country in the region of North America.

 “The future for the market looks promising for lightweight vehicle adoption that use lighter automotive components in vehicles including automotive fasteners. These fasteners increase the performance of vehicles such as lightweight parts, and fuel efficiency. The rise of electronic vehicles has also pushed the demand for automotive fasteners that require fitting ensuring the use of sustainable and environmentally friendly electric vehicles. The technical developments to enhance the quality and durability of the automotive components and products. ” says a Future Market Insights analyst while discussing the future of the market.

Get Access To Sample Now:
https://www.futuremarketinsights.com/reports/sample/rep-gb-1703

In recent times, companies around the world have invested capital in technology research and development units to help them enhance the productivity of multiple machines.

Automotive fasteners and industry-specific designs and shapes attract end users to adopt these fasteners. Industries rising along with its application in housing, door panels, and other vehicle parts are fueling the sales of automotive fasteners.

Dynamic consumer preferences for smart vehicles, rising disposable income, and increasing adoption of cutting-edge technology in automobiles are some of the factors driving the global automotive fasteners market.

The preference for using lightweight vehicles across the world is expected to enhance the demand for using lighter automotive components in vehicles. In order to increase the performance of vehicles as well as fuel efficiency, lightweight parts are important.

Read more @ https://www.futuremarketinsights.com/reports/automotive-fasteners-market

Competitive Landscape:

The automotive fasteners market is fragmented by the key players that help to develop the market all around the globe during the forecast period. These players are showing their efforts and focus on increasing the automotive fasteners’ market share. The key players are using various tricks and marketing terms to acquire the lion’s share in the automotive fasteners market size.

Key Companies Profiled

  1. Permanent Technologies, Inc.
  2. Phillips screw company
  3. Westfield Fasteners Limited
  4. Atotech Deutschland GmbH
  5. Stanley Engineered Fastening
  6. PennEngineering
  7. Shanghai Tianbao Fastener Manufacturing Co., Ltd.
  8. Jiangsu Xing Chang Jiang International Co., Ltd.
  9. Shamrock International Fasteners
  10. Birmingham Fastener, Inc.
  11. Sundram Fasteners Limited

Recent Market Development

  • The Amphenol Corporation and Illinois Tool Works companies announced an agreement that ITW acquire the MTS corporation system test with the closing of the acquisition of Amphenol.
  • Atotech Deutschland GmbH has announced the acquisition of J-KEM International (“J-KEM”) company, which is based in Rosersberg, Sweden. J-KEM is a leading global supplier of high-quality chemical products and processes that are used for the printed circuit board and general metal finishing industries. J-KEM’s customer relationships and strong technology have helped Atotech to expand its market and drive its growth soon.
  • Bulten AB launched its new industry in China to increase the supply chain. The company is likely to develop in-house forming, surface treatment, and heat treatment processes to produce high-quality fasteners in the country.

Comments

Post a Comment

Popular posts from this blog

Automotive Sensors Market Study: An Emerging Hint of Opportunity by 2033

  The   automotive sensor market  demand will continue rising through 2021 with worldwide demand projected to increase by  5.5%  year over year. As per Future Market Insights (FMI), automotive sensor revenues generation will increase at a ten-year compound annual growth rate (CAGR) of  7.2% , as the automotive production recovers after bucking skepticism about how the market would perform post pandemic. NXP Semiconductors N.V., TE Connectivity, Continental AG, Denso Corporation, Robert Bosch GmbH are identified as leading players in automotive sensor market. They will collectively account for nearly  30%  of global market share in 2021. Auto theft has emerged as a serious problem across the globe. According to a report by the National Insurance Crime Bureau, auto theft grew by 9.2% year-on-year in U.S. reaching 873,080 cases in 2020. To tackle this issue, automakers are installing modern anti-theft sensors in economic and budget cars. This development will fuel the demand for automotiv
Read more

Automotive Head-up Display Market Report: Overview With Geographical Segmentation By Revenue With Forecast By 2033

  The global   automotive head-up display market   is expected to attain a valuation of US$ 1.3 billion in 2023 and is projected to reach US$ 6.4 billion by 2033, trailing a CAGR of 17.2% during the forecast period. New projection technologies are becoming available, such as electromechanical micro mirror-based devices. These innovations offer vivid displays with a broad colour spectrum. The affordability and innovation that these display technologies offer are what are driving the market growth for display systems. Key Takeaways The United States automotive head-up display industry is projected to expand with a CAGR of 16.8% from 2023 to 2033. The demand for automotive head-up displays in China is expected to capture a CAGR of 17.1% during the forecast period. By dimension, the 3D segment is projected to expand with a CAGR of 19.6% between 2023 and 2033. Germany is expected to secure a CAGR of 17% throughout the forecast period. Increasing sales of luxury and premium vehicles are expe
Read more

Battery Swapping Charging Infrastructure Market Analysis and Market Studies To 2033

  The global   Battery Swapping Charging Infrastructure Market   is expected to surpass an impressive valuation of USD   202.07   million in 2023 and is projected to exhibit a compound annual growth rate (CAGR) of 21% from 2023 to 2033.  Infrastructure for EV charging will be more and more in demand for residential and business uses. The market for electric vehicle charging infrastructure is also anticipated to grow over the future decades as a result of improved automakers' cooperation for charging infrastructure via a monthly subscription. Reduced battery replacement infrastructure construction costs, decreased EV purchase costs, increased demand for public charging infrastructure, and supportive government subsidies are accelerating market growth. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-15888 Green energy is also anticipated to be a major factor in private and public electric vehicle charging. Owners of electric vehicles worry
Read more