The Global Automotive Fastener Market is Expected to Grow with a CAGR of 5% from 2023 to 2030
The Global Automotive Fastener Market is Expected to Grow with a CAGR of 5% from 2023 to 2030
Blog Article
According to a market report by Lucintel, the future of the global automotive fastener market looks promising with opportunities in the threaded fasteners & non-threaded fasteners markets. The global automotive fastener market is expected to reach an estimated $32 billion by 2030 from $23 billion in 2023 at a CAGR of 5% from 2023 to 2030. The major drivers for this market are increasing vehicle production, technological advancements, and growth in electric vehicles (EVs).
In this market, car body, chassis, powertrain, and electric mechatronic are the major segments of automotive fastener market by type.
Lucintel forecasts that threaded fasteners will remain larger segment over the forecast period due to high corrosion resistance and durable bond than non-threaded fasteners..
Within this market, car body will remain the larger segment.
Download sample by clicking on automotive fastener market.
APAC will remain the largest region over the forecast period.
Stanley Engineered Fastening, Bulten AB, Sundaram Fasteners, Illinois Tool Works, Trifast, Koninklijke Nedschroef, and Penn Engineering & Manufacturing are the major suppliers in the automotive fastener market.
This unique 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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cast visit Lucintel’s Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056