Growth Opportunities in the Global Automotive Fastener Market
The future of the global automotive fastener market looks promising with opportunities in the passenger car and light commercial vehicle segment. The global automotive fastener market is expected to reach an estimated $25.9 billion by 2022 and it is forecast to grow at a CAGR of 3.1% from 2017 to 2022. The major growth drivers for this market are increasing vehicle production and increasing migration of OEMs from standard fasteners to customized fasteners.
Emerging trends, which have a direct impact on the dynamics of the automotive fastener industry, include the development of light weight material fasteners and introduction of self-contained in-die fasteners.
A total of 188 figures / charts and 157 tables are provided in this 283-page report to help in your business decisions.