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Automotive Fasteners - Global Market Trajectory & Analytics

  • ID: 834993
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ARaymond
  • Bulten AB
  • ContMid Group
  • Illinois Tool Works Inc.
  • LISI Automotive
  • NIFCO Inc.
  • MORE
Global Automotive Fasteners Market to Reach $23.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Fasteners estimated at US$20.4 Billion in the year 2020, is projected to reach a revised size of US$23.9 Billion by 2027, growing at a CAGR of 2.3% over the analysis period 2020-2027. Removable, one of the segments analyzed in the report, is projected to record a 2.5% CAGR and reach US$11.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Permanent segment is readjusted to a revised 2.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $6 Billion, While China is Forecast to Grow at 2.1% CAGR

The Automotive Fasteners market in the U.S. is estimated at US$6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.3 Billion by the year 2027 trailing a CAGR of 2.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.

Semi-Permanent Segment to Record 2% CAGR

In the global Semi-Permanent segment, USA, Canada, Japan, China and Europe will drive the 2.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.4 Billion in the year 2020 will reach a projected size of US$3.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.7 Billion by the year 2027.

Select Competitors (Total 106 Featured):
  • Acument® Global Technologies
  • ARaymond
  • Bulten AB
  • ContMid Group
  • Illinois Tool Works Inc.
  • LISI Automotive
  • NIFCO Inc.
  • Penn Engineering
  • Permanent Technologies Inc.
  • Rocknel Fastener Inc.
  • STANLEY Engineered Fastening
  • TR Fastenings
  • Westfield Fasteners Limited
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ARaymond
  • Bulten AB
  • ContMid Group
  • Illinois Tool Works Inc.
  • LISI Automotive
  • NIFCO Inc.
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Fasteners: “Holding the Automotive Industry Together”
  • Recent Market Activity
  • Ubiquity of Fasteners in Automobile Design: A Review
  • Unmasking the Deceptive Simplicity of Fasteners
  • Modular Manufacturing & Production Platforms: The Cornerstone of Fastener Demand
  • Global Market Outlook
  • Asia-Pacific, the Largest Auto Production Hub, Dominates the Global Market
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Acument® Global Technologies (USA)
  • ARaymond (France)
  • Bulten AB (Sweden)
  • ContMid Group (USA)
  • Illinois Tool Works, Inc. (USA)
  • Koninklijke Nedschroef Holding N.V. (The Netherlands)
  • LISI Automotive (France)
  • NIFCO, Inc. (Japan)
  • Penn Engineering (USA)
  • Permanent Technologies, Inc. (USA)
  • Phillips Screw Company (USA)
  • Rocknel Fastener, Inc. (USA)
  • STANLEY Engineered Fastening (USA)
  • TR Fastenings (UK)
  • Westfield Fasteners Limited (UK)
3. MARKET TRENDS & DRIVERS
  • Rise in Vehicle Recalls Due to Fastener Failure Fuels Emphasis on Quality
  • OEM Migration from Standard Parts to Customized Parts Drives the Importance of Customized Fasteners
  • Changing Automotive Manufacturing Trends Impact Opportunities for Fasteners
  • Automotive Lightweighting Forces Smarter & Tougher Fastener Innovations
  • Lightweighting Benefits Spur the Commercial Value of Self-Tapping, Self Locking & Self Sealing Fasteners
  • STable Automobile Production Fuels Growth Opportunities in the OEM Market
  • Rising Passenger Car Density & Aging Vehicles Spur Opportunities in the Repair & Maintenance Services Sector
  • As a Key Growth Driver of the Auto Industry, Expanding Middle Class Population in Developing Countries to Fuel Future Market Growth
  • Shape Memory Fasteners: The Future of Automotive Assembling
  • Metal Fasteners Continue to Reign
  • Plastic Fasteners Grow in Popularity
  • Acceptance of Adhesive Fasteners Casts a Long Shadow of Threat Over Mechanical Fasteners
  • GM's Breakthrough Steel-to-Aluminum Spot Welding Casts a Shadow Over Volume Growth of Fasteners
  • Remote Fastening Technology: The Focus Area for Future R&D
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Current & Future Analysis for Automotive Fasteners by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Automotive Fasteners by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Automotive Fasteners by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027
  • Table 4: World Current & Future Analysis for Removable by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Removable by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Removable by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • Table 7: World Current & Future Analysis for Permanent by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Permanent by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Permanent by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • Table 10: World Current & Future Analysis for Semi-Permanent by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Semi-Permanent by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for Semi-Permanent by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
III. MARKET ANALYSIS
  • UNITED STATES
  • Table 13: USA Current & Future Analysis for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 14: USA Historic Review for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 15: USA 15-Year Perspective for Automotive Fasteners by Type - Percentage Breakdown of Value Sales for Removable, Permanent and Semi-Permanent for the Years 2012, 2020 & 2027
  • CANADA
  • Table 16: Canada Current & Future Analysis for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 17: Canada Historic Review for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 18: Canada 15-Year Perspective for Automotive Fasteners by Type - Percentage Breakdown of Value Sales for Removable, Permanent and Semi-Permanent for the Years 2012, 2020 & 2027
  • JAPAN
  • Table 19: Japan Current & Future Analysis for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 20: Japan Historic Review for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 21: Japan 15-Year Perspective for Automotive Fasteners by Type - Percentage Breakdown of Value Sales for Removable, Permanent and Semi-Permanent for the Years 2012, 2020 & 2027
  • CHINA
  • Table 22: China Current & Future Analysis for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 23: China Historic Review for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 24: China 15-Year Perspective for Automotive Fasteners by Type - Percentage Breakdown of Value Sales for Removable, Permanent and Semi-Permanent for the Years 2012, 2020 & 2027
  • EUROPE
  • Table 25: Europe Current & Future Analysis for Automotive Fasteners by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 26: Europe Historic Review for Automotive Fasteners by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 27: Europe 15-Year Perspective for Automotive Fasteners by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2020 & 2027
  • Table 28: Europe Current & Future Analysis for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 29: Europe Historic Review for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 30: Europe 15-Year Perspective for Automotive Fasteners by Type - Percentage Breakdown of Value Sales for Removable, Permanent and Semi-Permanent for the Years 2012, 2020 & 2027
  • FRANCE
  • Table 31: France Current & Future Analysis for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 32: France Historic Review for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 33: France 15-Year Perspective for Automotive Fasteners by Type - Percentage Breakdown of Value Sales for Removable, Permanent and Semi-Permanent for the Years 2012, 2020 & 2027
  • GERMANY
  • Table 34: Germany Current & Future Analysis for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 35: Germany Historic Review for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 36: Germany 15-Year Perspective for Automotive Fasteners by Type - Percentage Breakdown of Value Sales for Removable, Permanent and Semi-Permanent for the Years 2012, 2020 & 2027
  • ITALY
  • Table 37: Italy Current & Future Analysis for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 38: Italy Historic Review for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 39: Italy 15-Year Perspective for Automotive Fasteners by Type - Percentage Breakdown of Value Sales for Removable, Permanent and Semi-Permanent for the Years 2012, 2020 & 2027
  • UNITED KINGDOM
  • Table 40: UK Current & Future Analysis for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 41: UK Historic Review for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 42: UK 15-Year Perspective for Automotive Fasteners by Type - Percentage Breakdown of Value Sales for Removable, Permanent and Semi-Permanent for the Years 2012, 2020 & 2027
  • REST OF EUROPE
  • Table 43: Rest of Europe Current & Future Analysis for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 44: Rest of Europe Historic Review for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 45: Rest of Europe 15-Year Perspective for Automotive Fasteners by Type - Percentage Breakdown of Value Sales for Removable, Permanent and Semi-Permanent for the Years 2012, 2020 & 2027
  • ASIA-PACIFIC
  • Table 46: Asia-Pacific Current & Future Analysis for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 47: Asia-Pacific Historic Review for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 48: Asia-Pacific 15-Year Perspective for Automotive Fasteners by Type - Percentage Breakdown of Value Sales for Removable, Permanent and Semi-Permanent for the Years 2012, 2020 & 2027
  • REST OF WORLD
  • Table 49: Rest of World Current & Future Analysis for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 50: Rest of World Historic Review for Automotive Fasteners by Type - Removable, Permanent and Semi-Permanent Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 51: Rest of World 15-Year Perspective for Automotive Fasteners by Type - Percentage Breakdown of Value Sales for Removable, Permanent and Semi-Permanent for the Years 2012, 2020 & 2027
IV. COMPETITION
  • Total Companies Profiled: 106
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Acument® Global Technologies
  • ARaymond
  • Bulten AB
  • ContMid Group
  • Illinois Tool Works Inc.
  • LISI Automotive
  • NIFCO Inc.
  • Penn Engineering
  • Permanent Technologies Inc.
  • Rocknel Fastener Inc.
  • STANLEY Engineered Fastening
  • TR Fastenings
  • Westfield Fasteners Limited
Note: Product cover images may vary from those shown
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