
North America Automotive Fasteners Market Size, Share & Industry Trends Analysis Report By Type (Threaded, and Non-Threaded), By Material Type, By Characteristic (Removable, and Fixed), By Vehicle Type, By Country and Growth Forecast, 2023 - 2030
Description
North America Automotive Fasteners Market Size, Share & Industry Trends Analysis Report By Type (Threaded, and Non-Threaded), By Material Type, By Characteristic (Removable, and Fixed), By Vehicle Type, By Country and Growth Forecast, 2023 - 2030
The North America Automotive Fasteners Market would witness market growth of 5.4% CAGR during the forecast period (2023-2030).
Automotive fasteners are mechanical parts that attach or connect one or more joints and parts of the car. Aluminium, nickel, stainless steel, and other materials make fasteners. Holding together vehicle parts to prevent their separation and joint leaking is the main purpose of automotive fasteners. Due to the wide range of shapes, sizes, designs, and quality, the automobile sector is saturated with different fasteners, particularly for components.
The expanding need for technical advancement and design enhancement in these components propels the market. Additionally, it is anticipated that increasing demand for vehicle stability and decreased vehicle weight would open up new business prospects for suppliers of the market.
Vehicle repair businesses and MRO service providers drive the demand for automotive fasteners. The demand will rise in the upcoming assessment period due to increased aftermarket maintenance and service activities for commercial and passenger cars. Another factor projected to increase demand in the market is improved quality and sturdiness of fasteners due to mechanical improvements. Additionally, the market is expected to develop as a result of the rising need for lighter automobiles and their stability, which has increased the preference for automotive fasteners over welding.
According to the International Trade Association, Mexico is the seventh-largest global manufacturer of passenger vehicles, producing over three million vehicles annually. In addition, 90% of vehicles manufactured in Mexico are exported, with 76% traveling to the United States. These factors have contributed to the region’s automotive industry’s constant expansion, resulting in a rise in demand for automotive fasteners.
The US market dominated the North America Automotive Fasteners Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,112.4 Million by 2030. The Canada market is experiencing a CAGR of 7.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.8% during (2023 - 2030).
Based on Type, the market is segmented into Threaded, and Non-Threaded. Based on Material Type, the market is segmented into Metal, and Plastic. Based on Characteristic, the market is segmented into Removable, and Fixed. Based on Vehicle Type, the market is segmented into Passenger Car, and Commercial Vehicles. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bulten AB, KAMAX Holding GmbH & Co. KG, Stanley Black & Decker, Inc., Berkshire Hathaway, Inc., Illinois Tool Works Inc., SFS Group AG, LISI GROUP, Westfield Fasteners Ltd, Shanghai Prime Machinery Co., Ltd. (Shanghai Electric Group Company Limited) and Sundram Fasteners Limited (TVS Group)
Scope of the Study
Market Segments covered in the Report:
By Type
- Threaded
- Non-Threaded
- Metal
- Plastic
- Removable
- Fixed
- Passenger Car
- Commercial Vehicles
- US
- Canada
- Mexico
- Rest of North America
- Bulten AB
- KAMAX Holding GmbH & Co. KG
- Stanley Black & Decker, Inc.
- Berkshire Hathaway, Inc.
- Illinois Tool Works Inc.
- SFS Group AG
- LISI GROUP
- Westfield Fasteners Ltd
- Shanghai Prime Machinery Co., Ltd. (Shanghai Electric Group Company Limited)
- Sundram Fasteners Limited (TVS Group)
- Exhaustive coverage
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Table of Contents
108 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Automotive Fasteners Market, by Type
- 1.4.2 North America Automotive Fasteners Market, by Material Type
- 1.4.3 North America Automotive Fasteners Market, by Characteristic
- 1.4.4 North America Automotive Fasteners Market, by Vehicle Type
- 1.4.5 North America Automotive Fasteners Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Strategies Deployed in Automotive Fasteners Market
- Chapter 5. North America Automotive Fasteners Market by Type
- 5.1 North America Threaded Market by Country
- 5.2 North America Non-Threaded Market by Country
- Chapter 6. North America Automotive Fasteners Market by Material Type
- 6.1 North America Metal Market by Country
- 6.2 North America Plastic Market by Country
- Chapter 7. North America Automotive Fasteners Market by Characteristic
- 7.1 North America Removable Market by Country
- 7.2 North America Fixed Market by Country
- Chapter 8. North America Automotive Fasteners Market by Vehicle Type
- 8.1 North America Passenger Car Market by Country
- 8.2 North America Commercial Vehicles Market by Country
- Chapter 9. North America Automotive Fasteners Market by Country
- 9.1 US Automotive Fasteners Market
- 9.1.1 US Automotive Fasteners Market by Type
- 9.1.2 US Automotive Fasteners Market by Material Type
- 9.1.3 US Automotive Fasteners Market by Characteristic
- 9.1.4 US Automotive Fasteners Market by Vehicle Type
- 9.2 Canada Automotive Fasteners Market
- 9.2.1 Canada Automotive Fasteners Market by Type
- 9.2.2 Canada Automotive Fasteners Market by Material Type
- 9.2.3 Canada Automotive Fasteners Market by Characteristic
- 9.2.4 Canada Automotive Fasteners Market by Vehicle Type
- 9.3 Mexico Automotive Fasteners Market
- 9.3.1 Mexico Automotive Fasteners Market by Type
- 9.3.2 Mexico Automotive Fasteners Market by Material Type
- 9.3.3 Mexico Automotive Fasteners Market by Characteristic
- 9.3.4 Mexico Automotive Fasteners Market by Vehicle Type
- 9.4 Rest of North America Automotive Fasteners Market
- 9.4.1 Rest of North America Automotive Fasteners Market by Type
- 9.4.2 Rest of North America Automotive Fasteners Market by Material Type
- 9.4.3 Rest of North America Automotive Fasteners Market by Characteristic
- 9.4.4 Rest of North America Automotive Fasteners Market by Vehicle Type
- Chapter 10. Company Profiles
- 10.1 Bulten AB
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Regional Analysis
- 10.1.4 Recent strategies and developments:
- 10.1.4.1 Acquisition and Mergers:
- 10.1.4.2 Geographical Expansions:
- 10.1.5 SWOT Analysis
- 10.2 KAMAX Holding GmbH & Co. KG
- 10.2.1 Company Overview
- 10.2.2 Recent strategies and developments:
- 10.2.2.1 Acquisition and Mergers:
- 10.2.3 SWOT Analysis
- 10.3 SFS Group AG
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expenses
- 10.3.5 Recent strategies and developments:
- 10.3.5.1 Acquisition and Mergers:
- 10.3.6 SWOT Analysis
- 10.4 Westfield Fasteners Ltd
- 10.4.1 Company Overview
- 10.4.2 SWOT Analysis
- 10.5 Shanghai Prime Machinery Co.,Ltd. (Shanghai Electric Group Company Limited)
- 10.5.1 Company Overview
- 10.5.2 SWOT Analysis
- 10.6 Sundram Fasteners Limited (TVS Group)
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 SWOT Analysis
- 10.7 Berkshire Hathaway, Inc.
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.8 LISI GROUP
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Research & Development Expenses
- 10.8.4 Recent strategies and developments:
- 10.8.4.1 Partnerships, Collaborations, and Agreements:
- 10.8.4.2 Acquisition and Mergers:
- 10.8.5 SWOT Analysis
- 10.9 Stanley Black & Decker, Inc.
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Segmental and Regional Analysis
- 10.9.4 Research & Development Expenses
- 10.9.5 SWOT Analysis
- 10.10. Illinois Tools Works, Inc.
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Segmental and Regional Analysis
- 10.10.4 Research & Development Expenses
Pricing
Currency Rates
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