GLOBAL AUTOMOTIVE FASTENER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Market Concentration and Competitive Landscape

Close-monitor your Competitor's Move, Request sample copy

Rising complexity and technology enhancement of modern vehicle designs are expected to drive the market growth. Automakers are consistently striving to develop lighter, more durable and fuel-efficient vehicles with advanced features without compromising on performance. This has prompted OEMs as well as their supply chains to adopt novel engineering and manufacturing techniques. The widespread utilization of high strength steels and aluminum alloys in automobile manufacturing requires the application of specialized fasteners that can effectively join dissimilar materials. The integration of cutting-edge technologies including hybrid-electric powertrains, ADAS systems and connectivity solutions has added to the intricacy of automobile assembly processes. To cope up with such intricate designs, OEMs demand fasteners with exacting specifications interims of load bearing capacity, shear strength, temperature resistance and corrosion protection. This has boosted innovation and R&D investments by fastener manufacturers towards developing novel fastening solutions through new materials, surface treatments and assemblies. The rising complexity of automotive structures and systems acts as a key driver for the industry by stimulating higher demand for technologically advanced fasteners.

• Atotech Deutschland GmbH
• Birmingham Fastener, Inc.
• Bulten AB
• Jiangsu Xing Chang Jiang International Co., Ltd.
• KAMAX
• KOVA Fasteners Private Limited
• Lisi Group
• PennEngineering
• Permanent Technologies, Inc.
• Phillips screw company
• SFS Group
• Shamrock International Fasteners
• Shanghai Prime Machinery Company
• Shanghai Tianbao Fastener Manufacturing Co., Ltd.
• Stanley Black & Decker
• Sundram Fasteners Limited
• Westfield Fasteners Limited