Automotive Fasteners Market Size 2022 Industry Growth, Development Status, Share, Trends, Opportunity and Forecast to 2028

By Sachin Pashte  | Date: January 04, 2023

Automotive Fasteners Market Size 2022 Industry Growth, Development Status, Share, Trends, Opportunity and Forecast to 2028

Several analysts and esteemed researchers have cited that Global Automotive Fasteners Market, which sustained at a valuation of USD 23,170 million in 2021 is estimated to witness a CAGR of 2.56% during 2022-2028, and subsequently amass a valuation of USD 27,730.49 million by the end of the assessment period. 

In particular, the just released research study on ‘Global Automotive Fasteners Market’ provides a thorough analysis of variables such as growth drivers, challenges, and expansion opportunities. Additionally, it gives a brief overview of the various subsectors, highlighting market share, revenue margins, valuations, and the kind & scope of applications. In order to determine which players are the most promising in the industry's overall environment during the study period, the research then analyzes the competitive environment, concentrating on the tactical advancements made by each industry participant.

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COVID-19 Impact:

The COVID-19 pandemic, which created shockwaves in early 2020, hindered the growth trajectory of the automotive and other industries due to supply chain bottlenecks, raw material shortages, and lockdown restrictions. The growth of worldwide automotive fasteners market was significantly constrained by supply chain difficulties that increased the cost of raw materials and their ongoing scarcity.

Despite this, the decline in infections has led to a rise in car sales over time. The automobile sector is gradually transforming in recovery mode to return to the profitability levels that it had before the pandemic in recent months and is expected to rebound substantially in the years to come.

Segmentation & Regional Overview:

Speaking of type, the marketplace is bifurcated into non threaded fasteners and threaded fasteners. Considering mode of application, worldwide automotive fasteners marketplace is categorized into automotive aftermarket and automotive OEM.

North America (U.S., Canada, Mexico), Europe (Germany, Italy, France, Russia, U.K, Spain, Rest of Europe), Asia Pacific (India, China, Japan, Australia, New Zealand, Singapore) South America (Brazil, Argentina, Rest of South America), and Middle East & Africa (Africa, Iran, Turkey, UAE, Rest of MEA), are the key regions that are contributing substantially to overall market remuneration.

Competitive Analysis:

The competitive landscape which majorly highlights the product terrain, revenue margins, market share, and strategic advancements is defined by key players in global automotive fasteners industry such as Shenzhen Aero-Fasteners Mfg Co. Ltd, Ruibiao Group Co. Ltd, Gem Year Industrial Co. Ltd, Ejot Group, Piolax Inc., Keller & Kalmbach GmbH, STL Automotive Pty Ltd, SFS Group AG, Sundaram Fasteners Ltd, Samjin Co. Ltd, Boltun Corporation, Fujian Chunyu Automotive Co. Ltd, Precision Castparts Corporation, Bulten Group, Norma Group SE, Bollhoff Group, Meira Corporation, Topura American Fastener Inc., NIFCO America Corporation, LISI S.A., Agrati S.p.A., Gruppo Fontana S.r.l., Meidoh Co. Ltd, Aoyama Seisakusho Co. Ltd, Shanghai Prime Machinery Co. Ltd, KAMAX Holding GmbH & Co. KG, Araymond, Stanley Electric Co. Ltd, Illinois Tool Works (ITW) Inc., and Wurth Group which are constantly vying against each other to retain their dominance within the market space, through strategic initiatives such as mergers, acquisitions, and partnership deals, as well as launching new products that will aid them in being at par with the evolving market dynamics.


Which are the different segments in global automotive fasteners market?

What is the impact pf the COVID-19 pandemic on global automotive fasteners market revenue?

What are the growth drivers, restraints, and prospects for expansion outlined in global automotive fasteners market report?

How is global automotive fasteners market likely to perform during 2022-2028?

Which are the key players influencing global automotive fasteners market dynamics?

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About Author

Sachin Pashte

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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