Automotive Fasteners Market with Current Trends Analysis,2016-2026 FMI | Page 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.