Automotive Fasteners Market by Type (Threaded, Non-threaded), by Material (Metal, Plastic), by Characteristic (Permanent, Removable), by Vehicle Type (Passenger Car, Commercial Vehicle), by By Type (Threaded, Non-threaded), by Europe (Germany, France, U.K., Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Rest of Asia Pacific) Forecast 2024-2032
The Automotive Fasteners Market size was valued at USD 22.12 USD Billion in 2023 and is projected to reach USD 32.54 USD Billion by 2032, exhibiting a CAGR of 5.67 % during the forecast period. Automotive fasteners are tools, such as bolts, washers, nuts, etc., used to join different parts during car part manufacturing. Metal and plastic are materials used in automotive fasteners. There are many types of automotive fasteners, such as nuts, bolts, screws, etc. They are used in various applications, including to hold engine components, suspension arms, and dashboards, to mechanically join two or more objects together, either permanently or non-permanently, suspension and steering systems, body and interior trim, electrical systems, engine components, and many more. The aftermarket segment of the automotive industry represents a significant source of demand for automotive fasteners. Replacement of worn-out or damaged fasteners, as well as customization and modification of vehicles, contributes to aftermarket demand for automotive fasteners market.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.67% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.67% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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