Automotive Fastener Market will witness a 2.39% CAGR, Top Key Players and Forecast to 2030

HTF MI introduces new research on Automotive Fastener covering the micro level of analysis by competitors and key business segments (2024-2030). The Automotive Fastener explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing.

Some of the major key players profiled in the study are The Phillips Screw Company (United States), Westfield Fasteners Ltd (United Kingdom), KOVA Fasteners Private Limited (India), KAMAX Holding GmbH & Co. KG (Germany), Stanley Black & Decker, Inc. (United States), SFS GROUP (Switzerland), LISI GROUP (France), Ford Fasteners, Inc (United States), Southem Fasteners & Supply, LLC (United States)..

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The global Automotive Fastener market size is expanding at robust growth of 2.39%, sizing up market trajectory from USD 20.04 Billion in 2023 to USD 25.3 Billion by 2029.

Definition:
The automotive fastener market involves the production and distribution of various types of fastening components used in the manufacturing, assembly, and maintenance of vehicles. These components play a crucial role in ensuring the structural integrity, safety, and functionality of automotive systems.

On the off chance that you are engaged with the industry or expect to be, at that point this investigation will give you a complete perspective. It's crucial you stay up with the latest sectioned by Applications [Passenger Cars, Commercial Vehicles], Product Types [Nuts, Bolts, Screws, Studs, Washers, Others] and some significant parts of the business.

Market Trends:
? Increasing demand for lightweight and high-strength materials in vehicles.

Market Drivers:
? Growing global automotive production and sales.

Market Opportunities:
? Surge in demand for electric and autonomous vehicles.

Market Restraints:
? Surge in demand for electric and autonomous vehicles.

Market Challenges:
? Surge in demand for electric and autonomous vehicles.

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Automotive Fastener Market by Key Players: The Phillips Screw Company (United States), Westfield Fasteners Ltd (United Kingdom), KOVA Fasteners Private Limited (India), KAMAX Holding GmbH & Co. KG (Germany), Stanley Black & Decker, Inc. (United States), SFS GROUP (Switzerland), LISI GROUP (France), Ford Fasteners, Inc (United States), Southem Fasteners & Supply, LLC (United States).

Automotive Fastener Market by Geographical Analysis:

- APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)

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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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