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Automotive Fastener Market Share
- Report ID: GMI1989
- Published Date: Mar 2022
- Report Format: PDF
Automotive Fastener Market Share
The industry is largely fragmented into several prominent & small manufacturers including :
- Kamax Group
- Fontana
- Agrati
- Sundram Fastener Limited
- Shanghai Prime Machinery Company Limited
- SFS Group AG
- Illinois Tool Works Inc.
- Bulten AB
- KOVA Fastener
- Meidoh Co., Ltd.
- Sterling Tools Limited
- Changshu City Standard Parts Factory
- and Westfield Fastener Limited
Companies are shifting their preferences from standard to customized components that are expected to bolster customized fastener market revenue.
Frequently Asked Questions (FAQ) :
The market size of automotive fastener exceeded USD 14.81 billion in 2021 and it may register a CAGR of 5.9% between 2022 and 2028.
Non-permanent automotive fasteners industry size will observe 6% CAGR through 2028 as the fasteners are designed to facilitate easy removal and reuse, which allows the vehicle parts to be disassembled and reassembled as and when required.
OEMs segment will hold around 45% of the market share by 2028 as customers who want to replace their defective or damaged vehicle parts can purchase fasteners from automotive OEMs to ensure high compatibility.
Light commercial vehicles are likely to generate over USD 4 billion revenue for the overall industry by 2028 as these vehicles are widely used by private firms due to their compact size and ease in moving through congested streets.
Asia Pacific is projected to generate a demand for more than 3 million tons by 2028 as the production of vehicles is witnessing a notable surge across the region.
Fontana, Agrati, Sundram Fastener Limited, Kamax Group, SFS Group AG, Sterling Tools Limited, and Illinois Tool Works Inc., among others, are prominent participants in this industry.
Automotive Fastener Market Scope
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