Global Automotive Fastener/Connector Market by Type (Fastener, Connector), By Application (Passenger Cars, Commercial Vehicles) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global automotive fastener/connector market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. On the basis of type, the global automotive fastener/connector market has been segmented into fasteners and connectors. The connectors segment is expected to account for a larger share of the global automotive fastener/connector market in 2018. On the basis of application, the global automotive fastener/ connector market has been segmented into passenger cars and commercial vehicles.



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Product Definition:

An automotive fastener/connector is a device that mechanically joins two or more objects together. The importance of automotive fasteners/connectors is that they provide a secure, reliable connection between components in an automobile, which helps to ensure the safe and efficient operation of the vehicle.

Fastener:

Fasteners are the parts that connect two or more materials together. They can be categorized as male and female, with each gender having various types based on their applications. The most common fastener types include nuts & bolts, screws, rivets & hooks, cable ties & binding posts and others (lugs, pins).

The automotive industry is one of the fastest growing industries in terms of growth rate and value contribution globally.

Connector:

The global connector and it's usage in automotive fastener/connector market size was valued at USD 23.5 billion in 2016. The increasing demand for electric vehicles is expected to be a key factor driving the industry growth over the forecast period.

The growing production of commercial as well as passenger vehicles across various regions has resulted in increased sales of connectors & fasteners, which is anticipated to boost the market growth over the next seven years.

Application Insights:

The passenger cars application segment accounted for the largest revenue share of over 60% in 2017. The demand is expected to be driven by increasing sales of passenger vehicles in developing countries, such as India, China and Brazil. In addition, growing penetration of electronic devices in automobiles is further expected to drive the demand for connectors and fasteners over the forecast period.

Commercial vehicles are projected to witness a CAGR of XX% from 2018 to 2030 owing to rising industrialization and urbanization leading to an increase in construction activities across various regions globally. Moreover, governments are focusing on improving road infrastructure which will boost product demand over the forecast period particularly in developing countries like India and China where commercial vehicle production accounts for a major share within its overall vehicle production globally speaking (in terms of units).

Regional Analysis:

Asia Pacific is expected to be the fastest-growing region, owing to the presence of key automotive manufacturers in countries such as China and Japan. The region accounted for over 35% of the overall revenue share in 2017. The increasing production and sales of passenger cars and commercial vehicles are projected to drive regional growth over the forecast period.

The European market was valued at USD X million in 2017 owing to high demand from key automobile markets including Germany, France, Italy and U.K., among others.

Growth Factors:

Increasing demand for lightweight vehicles: The automotive fastener and connector market is expected to grow at a CAGR of 5.5% from 2016 to 2021, owing to the increasing demand for lightweight vehicles. This is because lightweight vehicles consume less fuel and emit less CO2, which in turn reduces the overall cost of ownership.
Stringent emission norms: Stringent emission norms across different countries are compelling OEMs to adopt advanced technologies that help reduce emissions from their vehicles. This is boosting the demand for automotive fasteners and connectors, as they play an important role in reducing emissions from a vehicle’s exhaust system.
Growing popularity of electric & hybrid cars: The growing popularity of electric & hybrid cars is another major factor driving the growth of the automotive fastener and connector market worldwide. These types of cars require high-quality connectors and fasteners that can withstand extreme temperatures and voltages without any issues.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Fastener/Connector Market Research Report
By Type
Fastener, Connector
By Application
Passenger Cars, Commercial Vehicles
By Companies
Würth (Germany), ITW (USA), Stanley (USA), Araymond (France), KAMAX (Germany), Amphenol (USA), Aptiv (Ireland), IRISO ELECTRONICS (Japan), TE Connectivity (Switzland), Kubota Sangyo (Japan), Würth (Germany), Miyata (Japan), Nitto Kohki (Japan), Yahata Neji (Japan), Aoyama Seisakusho (Japan), Meidoh (Japan), Fontana Group (Italy), Agrati Group (Italy), LISI Group (France), Nifco (Japan), Topura (Japan), Meira (Japan), Böllhoff (Germany), NORMA Group (Germany), Bulten (Sweden), Precision Castparts (USA), Chun Yu Group (Taiwan), Boltun (Taiwan), Samjin Jeonggong (Korea), Sundram Fasteners (India)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.

Global Automotive Fastener/Connector Market Report Segments:
The global Automotive Fastener/Connector market is segmented on the basis of:
Types
Fastener, Connector
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Würth (Germany)
ITW (USA)
Stanley (USA)
Araymond (France)
KAMAX (Germany)
Amphenol (USA)
Aptiv (Ireland)
IRISO ELECTRONICS (Japan)
TE Connectivity (Switzland)
Kubota Sangyo (Japan)
Würth (Germany)
Miyata (Japan)
Nitto Kohki (Japan)
Yahata Neji (Japan)
Aoyama Seisakusho (Japan)
Meidoh (Japan)
Fontana Group (Italy)
Agrati Group (Italy)
LISI Group (France)
Nifco (Japan)
Topura (Japan)
Meira (Japan)
Böllhoff (Germany)
NORMA Group (Germany)
Bulten (Sweden)
Precision Castparts (USA)
Chun Yu Group (Taiwan)
Boltun (Taiwan)
Samjin Jeonggong (Korea)
Sundram Fasteners (India)



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Highlights of The Automotive Fastener/Connector Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Fastener
Connector
By Application:
Passenger Cars
Commercial Vehicles
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Fastener/Connector Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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