Automotive Fasteners Market Trends and Competitive Landscape Outlook FMI | 页面 3

Report
Description
Report Description
Fasteners are the mechanical components that holds, joins or affixes two or more parts
together, automotive industry is the largest market for the fastener. Automotive fasteners are
made up of various materials such as Iron, Aluminum, Brass, Nickel, Stainless steel, Plastic, they
are further classified with their distinct characteristics. Automotive fasteners are generally used
for the clamping parts of vehicle together to avoid their separation or wobbling, transmitting
loads as well as to prevent leakage of joint. Automotive fasteners comes in various shapes and
coatings, colours to meet the demand of automotive fastening market along with the attractive
designs and quality. Over the last decade various companies are involved into the technological
research and development of the automotive fasteners, which resulted into superior quality
fasteners and the growth of automotive fasteners market. Overall, the automotive fasteners
market is expected to show a modest CAGR over the forecast period.
Automotive fasteners market: Drivers and Restraints
The flourishing automobile industry and the vital importance of fasteners in automobiles is a key
driving factors of automotive fasteners market. The technical developments and improvements
in the quality and durability of fasteners is another driving factor in the automotive fasteners
market. The easy replaceable nature of automotive fasteners makes it convenient for the end
use consumers to purchase fasteners for their vehicles that would further boost the aftermarket
of automotive fasteners.
However, the alternative to automotive fasteners such as clinching and welding can slowdown
the growth of automotive fasteners market.