The Global Automotive Fastener Market will grow at highest pace owing to increasing automotive manufacturing Automotive fasteners are connecting components that are used to join or fix two or more parts together in a vehicle. Some common types of automotive fasteners include nuts, bolts, screws, washers, and rivets. Automotive fasteners are vital components in vehicle manufacturing as they help in easily assembling different vehicle parts such as bumpers, doors, engines, instrument panels, and more. Growth in the automotive industry has resulted in increased demand for innovative and durable fastening solutions that can withstand extreme pressure, vibrations and temperatures. The Global Automotive Fastener Market is estimated to be valued at US$ 33.9 Bn in 2024 and is expected to exhibit a CAGR of 4.7% over the forecast period 2024 To 2031. Key Takeaways Key players operating in the Global Automotive Fastener market are Atotech Deutschland GmbH, Birmingham Fastener, Inc., Bulten AB, Jiangsu Xing Chang Jiang International Co., Ltd., KAMAX, KOVA Fasteners Private Limited, Lisi Group, PennEngineering, Permanent Technologies, Inc., Phillips screw company, SFS Group, Shamrock International Fasteners, Shanghai Prime Machinery Company, Shanghai Tianbao Fastener Manufacturing Co., Ltd., Stanley Black Decker, Sundram Fasteners Limited, Westfield Fasteners Limited. The rising global automotive production and implementation of stringent fuel efficiency regulations are fueling the demand for light weight fasteners. Major manufacturers are investing in research and development to develop new fastener designs using lightweight materials like aluminum and magnesium alloys to reduce vehicle weight. Automotive fastener companies are increasingly adopting 3D printing and robotics for automating the manufacturing process to improve productivity and quality. Market Trends Growing electric vehicles market: With increasing focus on developing electric and hybrid vehicles globally, automotive OEMs are focusing on developing lightweight fasteners to improve vehicle efficiency. This will drive demand for innovative fasteners optimized for electric vehicles. Increasing adoption of 3D printing: 3D printing technology enables complex fastener designs with intricate geometries that are difficult to manufacture through conventional methods. Leading automakers are collaborating with fastener companies to utilize 3D printing for low volume production and customized just-in-time supply. ​Get More Insight On : https://www.newsstatix.com/global-automotive-fastener-market-demand-share-analysis/

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. 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. For more information: https://www.futuremarketinsights.com/reports/automotive-fasteners-market 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 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 Permanent Technologies, Inc., Phillips screw company, Westfield Fasteners Limited, com Inc., Atotech Deutschland GmbH, Stanley Engineered Fastening, PennEngineering, Shanghai Tianbao Fastener Manufacturing Co., Ltd., Jiangsu Xing Chang Jiang International Co., Ltd., Shamrock International Fasteners, Birmingham Fastener, Inc., Sundram Fasteners Limited,