Automotive Fasteners Market by Product (Bolts, Nuts, Rivets), Material (Metal, Non-Metal), Application, Vehicle Type - Global Forecast 2024-2030

SKU
MRR-742BD517B98B
Region
Global
Publication Date
September 2024
Delivery
Immediate
2023
USD 17.08 billion
2030
USD 28.72 billion
2024
USD 18.33 billion
CAGR
7.70%
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[187 Pages Report] The Automotive Fasteners Market size was estimated at USD 17.08 billion in 2023 and expected to reach USD 18.33 billion in 2024, at a CAGR 7.70% to reach USD 28.72 billion by 2030.

Automotive fasteners, encompassing devices such as bolts, nuts, screws, washers, rivets, and clips, are essential for joining components within automobiles, supporting structural integrity and performance through various materials, including steel, aluminum, plastic, and composites. The factors responsible for market growth driven by factors include the proliferation of electric vehicles (EVs), which require specialized fasteners, stringent environmental regulations demanding corrosion-resistant and sustainable materials, and increasing automotive production in emerging markets. Key opportunities include investing in advanced materials such as titanium or carbon fiber composites for lightweight, high-strength fasteners, developing technologies such as self-clinching fasteners or smart fasteners with embedded sensors, and forming collaborative ventures with EV manufacturers or tech firms. To capitalize on these opportunities, strategies such as prioritizing research and development (R&D) in high-performance materials, forming strategic alliances with original equipment manufacturers (OEMs) and tech firms, and exploring new geographic markets are crucial. However, the market faces challenges such as raw material price volatility, the need for continuous investment to keep up with technological advancements, and compliance with varied global standards can hamper growth. Future innovation areas comprise advanced material coatings for enhanced performance, leveraging 3D printing for rapid prototyping and customization, and digital integration for real-time monitoring and data analytics.In the United States, the market thrives on electric vehicle (EV) production and innovation, while Canada aligns closely but emphasizes EV infrastructure. The European Union (EU) focuses on corrosion-resistant and sustainable fasteners, driven by stringent regulations in Germany, France, and Italy. The Middle East is growing due to infrastructure development, and Africa shows potential with notable investments in automotive manufacturing. China focuses on efficiency and exports, whereas Japan’s market emphasizes reliability and material research. India’s expanding automobile production drives demand for cost-effective fasteners. In Latin America, Brazil and Mexico are potential players with modernized manufacturing and technology adoption. ASEAN countries such as Thailand and Indonesia prioritize scalability and innovation to meet rising demand. The Americas see a shift towards EVs and safety features, with significant investments in sustainability. EMEA regions focus on stringent regulations and manufacturing expansion. Innovations in 2024 include patents for lightweight materials and smart fasteners, with substantial investments in sustainable processes and strategic alliances for commercialization initiatives. The U.S. automotive fasteners market aligns with stringent standards from accrediting bodies such as the Society of Automotive Engineers (SAE) and the American National Standards Institute (ANSI), prompting vendors to enhance precision manufacturing and quality control. In the European Union (EU), strict guidelines set by the European Committee for Standardization (CEN) and the REACH regulation compel manufacturers to adopt eco-friendly materials and energy-efficient processes. China adheres to national GB standards emphasizing safety and environmental compliance, driving vendors to adopt technologies and localize production rapidly. Japan follows the Japanese Industrial Standards (JIS) to focus on high-performance, durable fasteners and invest heavily in research and development. Developed countries face challenges such as high production costs and stringent regulations but have opportunities for innovation in smart fasteners and the use of advanced materials. Emerging markets, including India, Brazil, and ASEAN nations, offer significant growth potential due to increasing automotive production and infrastructure investment. Strategic moves for these markets involve forming local partnerships, developing cost-effective innovations, and implementing digital solutions.
Automotive Fasteners Market
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Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Fasteners Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Rising production and sales of passenger and commercial vehicles
    • Increasing use of electronic products in vehicles
    • Strict government mandates related to vehicle safety features
  • Market Restraints
    • Fluctuating cost of raw materials of automotive fasteners
  • Market Opportunities
    • Development of novel designs and materials for automotive fasteners
    • Investment in research activities for the development of advanced automotive fasteners
  • Market Challenges
    • Failure and quality issues of automotive fasteners

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Automotive Fasteners Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Fasteners Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Fasteners Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Fasteners Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive Fasteners Market, highlighting leading vendors and their innovative profiles. These include A.Agrati S.p.A., Auto-Fasteners Ltd., Birmingham Fastener & Supply Company, Inc., Bulten AB, C & L Rivet Company, Inc., C. Sjoberg & Son, Inc., Driv-Lok, Inc., Elgin Fastener Group, LLC, Fastenal Company, Fontana Finanziaria S.p.A., Illinois Tool Works Inc., KAMAX Holding GmbH & Co. KG, KOVA Fasteners Pvt. Ltd., Meidoh Co., Ltd., SFS Group AG, Shanghai Prime Machinery Co., Ltd., Sheh Kai Precision Co., Ltd., Shenzhen Dahe Industrial Co., Ltd., Sond Nuts & Bolts, Stanley Black & Decker, Inc., Sterling Tools Limited, Sundram Fasteners Limited, The Phillips Screw Company, Westfield Fasteners Limited, and Zhejiang Ruili (CNRL) Auto Parts Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Automotive Fasteners Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Product
    • Bolts
    • Nuts
    • Rivets
    • Screws
    • Washers
  • Material
    • Metal
    • Non-Metal
  • Application
    • Body & Interior
    • Chassis
    • Electronics
    • Engine & Powertrain
    • HVAC
  • Vehicle Type
    • Commercial Vehicles
    • Passenger Vehicles

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Automotive Fasteners Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Automotive Fasteners Market, by Product
  7. Automotive Fasteners Market, by Material
  8. Automotive Fasteners Market, by Application
  9. Automotive Fasteners Market, by Vehicle Type
  10. Americas Automotive Fasteners Market
  11. Asia-Pacific Automotive Fasteners Market
  12. Europe, Middle East & Africa Automotive Fasteners Market
  13. Competitive Landscape
  14. List of Figures [Total: 23]
  15. List of Tables [Total: 381]
  16. List of Companies Mentioned [Total: 25]
Frequently Asked Questions
  1. How big is the Automotive Fasteners Market?
    Ans. The Global Automotive Fasteners Market size was estimated at USD 17.08 billion in 2023 and expected to reach USD 18.33 billion in 2024.
  2. What is the Automotive Fasteners Market growth?
    Ans. The Global Automotive Fasteners Market to grow USD 28.72 billion by 2030, at a CAGR of 7.70%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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