Automotive Fastener Market is Likely to Witness huge Growth over 2020 – 2026

1. Automotive Fastener Market To Cross USD 20 Billion By 2026: Global Market Insights, Inc. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

2. Automotive Fastener Market Scenario: • The automotive fastener market is poised to amass considerable gains owing to rapid expansion activities in the automobile sector. Over the years, the automotive industry has observed an exponential rise in vehicle demand, fundamentally driving the requirement for fastener. Customers are increasingly demanding for vehicles with enhanced safety features. • Improvement in automotive component toughness and quality as well as mechanical enhancements could play a vital role in driving the adoption of fasteners. The ability to easily replace these clasps by users have supported the deployment of fasteners in new vehicles. • Growing inclination towards lightweight fasteners due to rising demand for fuel-efficient vehicles may enhance business outlook over the forthcoming years. While growing demand for lightweight fasteners over welding could significantly boost the automotive fastener market size. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

3. Continue:- • Diminishing growth of the global automotive sector since 2018 could impede automotive fastener industry share. Rampant spread of coronavirus has compelled various automotive companies to enforce lockdown to protect their employees. This halt in global automotive economy could negatively impact the product demand in the future. • Earlier in 2019, the automotive OEMs segment were considered to amass a volume share of more than 45%, and is expected to maintain this healthy growth over the forecasted period. Apart from OEMs, automotive fasteners can also be bought from aftermarket suppliers. • Based on materials, the automotive fastener industry is bifurcated into steel, plastic, and metallic fasteners like aluminum, brass, and copper. Fastener made out of brass is very popular as it is largely used in adjoining several door clamps and engine components. Get sample copy of this research report @https://www.gminsights.com/request-sample/detail/1989 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

4. Regional Analysis: • On the regional front, North America is considered to be a lucrative market for the automotive fastener manufacturers. Estimates suggest that the region is likely to cover over 15% of the global market within the projected timeframe. • Competitive Analysis: • In a bid to ascertain a dominant position over the vehicle fastener market, several industry players are undertaking organic growth strategies like inking merger or partnership deals, launching new products, and acquiring new assets. As of now, the automotive fastener market is being led by companies like Agrati Group, Fontana, KOVA Fasteners, KAMAX, Sundram Fasteners Limited, Bulten AB, Westfield Fasteners, Shanghai Prime Machinery Company and SFS Group, IWT Inc. Make An Inquiry To Purchase This Report @ https://www.gminsights.com/inquiry-before-buying/1989 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

5. Latest Research Report on Automotive Fastener Market @ https://www.gminsights.com/industry-analysis/automotive-fastener-market Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1989 Request for customization: https://www.gminsights.com/roc/1989 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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