Opportunity Outlook on the Global Automotive Fastener Market to 2026 - ResearchAndMarkets.com
Aug. 22, 2018
DUBLIN--(BUSINESS WIRE)--Aug 22, 2018--The "Automotive Fastener - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
According to the report, the Global Automotive Fastener market accounted for $20.02 billion in 2017 and is expected to reach $28.9 billion by 2026 growing at a CAGR of 4.2%.
The major factors driving the market growth are rising vehicle production, new developments and trends in automotive fasteners and considerable growth in the global automotive industry. However, increase in unibody vehicle framing lay off mechanical joining components is hindering the market growth.
By material type, plastic fastener is estimated to have the highest growth owing to the rising need to reduce vehicle weight. The growing demand for automobile weight reduction and fuel efficiency will decrease the use of metals such as stainless steel and iron and will raise the use of lightweight materials like plastic.
By geography, Asia Pacific is estimated to be the largest market for the automotive fasteners due to the growing manufacture of vehicles in China, Japan, and India and rising demand for electric vehicles are likely to drive the market in the region. The government rules for lightweight vehicles have led to advancements in technology for manufacturing lightweight and durable products.
The North American automotive fasteners market has a considerable share owing to the presence of OEMs and after sales centres that provide to local as well as overseas demand. Additional, presence of key manufacturing companies including, Fords and General Motors has improved the product demand in the region.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Automotive Fastener Market, By Characteristics
6 Global Automotive Fastener Market, By Product
7 Global Automotive Fastener Market, By Material Type
8 Global Automotive Fastener Market, By Vehicle Type
9 Global Automotive Fastener Market, By Electric Vehicle Type
10 Global Automotive Fastener Market, By Coating Type
11 Global Automotive Fastener Market, By Application
12 Global Automotive Fastener Market, By End-User
13 Global Automotive Fastener Market, By Geography
14 Key Developments
15 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/research/m27qsf/opportunity?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180822005589/en/
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SOURCE: Research and Markets
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PUB: 08/22/2018 02:08 PM/DISC: 08/22/2018 02:08 PM