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

2 Preface

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

LISI Group Nipman Fasteners Stanley Black & Decker Shanghai Prime Machinery Company Limited Westfield Fasteners Limited Wurth Group Fontana Gruppo Nifco Group Simmonds Marshall Limited Bollhoff Meidoh Co. Ltd. Bulten AB Kamax SFS Group AG Nedschroef Boltun Corporation

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Related Topics:Fasteners,Automotive Commodities

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/22/2018 02:08 PM/DISC: 08/22/2018 02:08 PM

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