Passenger Car Fasteners Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Vehicle Type (SUV, Sedan, Hatchback, MUV), By Fastner Type (Threaded and Non Threaded), By Material Type (Iron, Steel, Aluminum, Brass, Plastic)), By Region and By Competition, 2018-2028

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 13.62 billion

CAGR (2023-2028)

4.47%

Fastest Growing Segment

SUV

Largest Market

Asia Pacific





Market Overview

The Global Passenger Car Fasteners Market size reached USD 13.62 billion in 2022 and is expected to grow with a CAGR of 4.47% in the forecast period.

The global passenger car fasteners market is a critical component of the automotive industry, serving as the backbone for vehicle assembly and structural integrity. Fasteners in passenger cars include screws, nuts, bolts, clips, and other hardware that securely hold various parts together. These components play a crucial role in ensuring the safety, reliability, and performance of vehicles.

One of the primary drivers of the global passenger car fasteners market is the continued growth of the automotive sector. The rising demand for passenger cars, driven by increasing urbanization, economic development, and changing consumer preferences, has led to a surge in automobile production. As a result, the demand for fasteners used in car assembly has also increased significantly.

Another key factor influencing the market is the constant innovation in automotive design and materials. Automakers are continually striving to make vehicles lighter, more fuel-efficient, and environmentally friendly. This has led to the development of advanced materials and fastening techniques, such as lightweight fasteners made from high-strength alloys and composites. These innovations not only reduce vehicle weight but also improve overall fuel efficiency.

Stringent safety and quality standards imposed by regulatory bodies worldwide have further fueled the demand for high-quality fasteners in the automotive industry. Passenger car fasteners must meet strict criteria to ensure the safety of occupants in case of accidents and to prevent structural failures. Manufacturers in this market need to adhere to these standards, which often requires significant investments in research and development to produce fasteners that meet or exceed these requirements.

Geographically, Asia-Pacific remains a dominant player in the global passenger car fasteners market. This can be attributed to the region's status as a hub for automobile manufacturing, with countries like China, Japan, and South Korea being major contributors to the market. The presence of numerous automotive OEMs and the expansion of production capacities in the region continue to drive demand for fasteners. Additionally, sustainability has become a significant factor in the automotive industry, impacting the fasteners market as well. Automakers are increasingly focused on reducing the environmental footprint of their vehicles. This has led to a shift towards recyclable and eco-friendly materials in fasteners, as well as the development of more efficient fastening processes that minimize waste and energy consumption.

The competitive landscape of the global passenger car fasteners market is characterized by the presence of several key players, including multinational corporations and regional suppliers. These companies compete on factors such as product quality, price, innovation, and global reach. Collaborations and partnerships between automakers and fastener manufacturers are common, as they work together to develop specialized fastening solutions tailored to specific vehicle models.

In conclusion, the global passenger car fasteners market is driven by the continued growth of the automotive industry, innovations in materials and design, stringent safety standards, and a growing emphasis on sustainability. This market plays a critical role in ensuring the safety and performance of passenger cars, making it an essential component of the broader automotive sector. As the automotive industry continues to evolve, so too will the demand for advanced and environmentally friendly fastening solutions in passenger vehicles.

Key Market Drivers

Automotive Industry Growth

The expansion of the global automotive industry is a primary driver for the passenger car fasteners market. This growth is attributed to factors such as increased urbanization, economic development, and growing middle-class populations in emerging markets. As more people buy cars, the demand for fasteners used in vehicle assembly and manufacturing rises significantly.

Innovation in Automotive Design

Continuous innovation in automotive design has a profound impact on the fasteners market. Automakers are focused on making vehicles more fuel-efficient, environmentally friendly, and technologically advanced. This drive has led to the development of new materials and fastening methods, including lightweight fasteners made from advanced alloys and composites. These innovations contribute to reducing the overall weight of vehicles and improving their efficiency.

Stringent Safety Standards

Government regulatory agencies worldwide impose strict safety standards on passenger cars. Fasteners are vital components in ensuring the structural integrity of vehicles, which is critical for passenger safety during accidents. The demand for high-quality fasteners that can meet or exceed these safety requirements remains a driving force in the market. Manufacturers must invest in research and development to produce fasteners that withstand rigorous safety testing.

Environmental Sustainability

Sustainability has emerged as a significant driver in the automotive industry, impacting the fasteners market as well. Automakers are increasingly focused on reducing the environmental footprint of their vehicles. This shift has led to the adoption of recyclable and eco-friendly materials in fasteners. Additionally, more efficient fastening processes that minimize waste and energy consumption are being developed, aligning with global sustainability goals.

Geographic Market Expansion

The Asia-Pacific region, particularly countries like China, Japan, and South Korea, has established itself as a dominant player in the global passenger car fasteners market. This is due to the region's status as a manufacturing hub for automobiles. The presence of numerous automotive OEMs and the expansion of production capacities in Asia-Pacific continue to drive the demand for fasteners.

Technological Advancements

Advancements in fastener technology are influencing the market. Manufacturers are producing fasteners with improved corrosion resistance, durability, and ease of installation. Innovations like self-piercing rivets and advanced adhesives are increasingly used in automotive assembly, contributing to the overall demand for fasteners.

Collaboration and Partnerships

Collaboration and partnerships between automakers and fastener manufacturers are common in the industry. These collaborations often lead to the development of specialized fastening solutions tailored to specific vehicle models. Such partnerships help automakers meet their design and performance objectives efficiently.

Global Supply Chain Dynamics

The global passenger car fasteners market is highly interconnected through complex supply chains. Factors such as international trade policies, tariffs, and geopolitical events can impact the availability and cost of raw materials used in fastener production. Fluctuations in supply chain dynamics can influence the market's competitiveness and pricing structure.

In conclusion, the global passenger car fasteners market is influenced by a combination of factors related to industry growth, safety standards, innovation, sustainability, regional dynamics, technological advancements, collaboration, and global supply chain intricacies. These drivers collectively shape the trajectory of the market and dictate its response to evolving trends in the automotive sector.


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Key Market Challenges

Cost Pressures

Cost remains a paramount challenge in the passenger car fasteners market. Automakers are under constant pressure to reduce production costs while maintaining high-quality standards. This puts pressure on fastener manufacturers to innovate and find cost-effective materials and production processes without compromising performance or safety.

Stringent Regulatory Compliance

Meeting stringent safety and environmental regulations is a major challenge. Regulatory bodies across the world impose strict standards on fasteners used in passenger cars to ensure vehicle safety and emissions compliance. Manufacturers must continually adapt their products to meet evolving regulatory requirements, which often necessitates costly testing and validation.

Materials Innovation

The industry's ongoing shift toward lightweight materials, such as aluminum and composites, presents a challenge for fastener manufacturers. Developing fasteners that can effectively join dissimilar materials while maintaining structural integrity and corrosion resistance is a complex task. Meeting these requirements without compromising cost-efficiency is a constant challenge.

Global Supply Chain Disruptions

The COVID-19 pandemic exposed vulnerabilities in global supply chains. Disruptions in the supply of raw materials, components, and finished products can have a cascading effect on fastener production. Fastener manufacturers must implement resilient supply chain strategies to mitigate the impact of such disruptions.

Intense Competition

The passenger car fasteners market is highly competitive, with numerous global and regional players. This intensifies price competition and requires companies to differentiate themselves through innovation, quality, and value-added services. Maintaining profitability in such a competitive landscape is a challenge.

Complex Fastening Requirements

Modern vehicles often feature complex designs with unique fastening requirements. Fastener manufacturers must adapt to these specific demands, which can vary significantly between different vehicle models and types. Customization and flexibility in production are necessary to meet these challenges.

Environmental Sustainability

While sustainability is a driver for innovation, it can also pose challenges. Developing and producing environmentally friendly fasteners that meet regulatory requirements and consumer expectations is complex. Finding eco-friendly materials and processes without sacrificing performance or durability remains a persistent challenge.

Technological Advancements

Rapid technological advancements in automotive design and manufacturing, such as the adoption of electric vehicles (EVs) and autonomous driving systems, present challenges to traditional fastener manufacturers. These advancements may require entirely new types of fasteners or innovative solutions to meet the unique demands of these evolving vehicle technologies.

In conclusion, the global passenger car fasteners market faces challenges related to cost pressures, regulatory compliance, materials innovation, supply chain disruptions, intense competition, complex fastening requirements, environmental sustainability, and technological advancements. Successfully navigating these challenges is crucial for fastener manufacturers to remain competitive and meet the evolving needs of the automotive industry.

Key Market Trends

Lightweight Materials

As automakers seek to improve fuel efficiency and reduce emissions, there is a growing trend towards lightweight materials in vehicle construction. This trend influences fasteners as well, with a demand for lightweight, high-strength fasteners made from materials like aluminum and advanced composites. These fasteners help reduce the overall weight of vehicles while maintaining structural integrity.

Electric Vehicle (EV) Adoption

The rise of electric vehicles is transforming the automotive industry. EVs have fewer components than traditional internal combustion engine vehicles, which affects fastener requirements. Manufacturers are developing fasteners optimized for EV assembly, taking into account the unique characteristics and materials used in electric vehicles.

Advanced Safety Features

Increasing emphasis on safety features such as advanced driver-assistance systems (ADAS) and autonomous driving technologies necessitates innovative fastening solutions. Fasteners that secure sensors, cameras, and radar modules must be designed to withstand environmental factors and provide precise positioning.

Digitalization and Industry 4.0

The automotive manufacturing sector is embracing digitalization and Industry 4.0 concepts for enhanced efficiency and productivity. This includes the use of smart manufacturing tools, automation, and data analytics in fastener production. These technologies optimize processes, improve quality control, and enable predictive maintenance.

Sustainability and Eco-Friendly Fasteners

Sustainability continues to be a prominent trend in the passenger car fasteners market. Manufacturers are developing eco-friendly fasteners made from recycled or biodegradable materials. Additionally, there's a focus on reducing waste in fastener production processes and employing coatings that minimize environmental impact.

Customization and Modularization

Automotive manufacturers are increasingly adopting modular design and assembly techniques. This trend requires fasteners that offer greater customization and flexibility. Fastener suppliers are responding by offering a wider range of products tailored to specific vehicle models and assembly requirements.

Global Supply Chain Resilience

The COVID-19 pandemic exposed vulnerabilities in global supply chains. To mitigate such risks, automakers are exploring options for localized or regionalized supply chains, which can impact the sourcing and availability of fasteners. Fastener manufacturers are adapting by establishing more resilient supply chain networks.

Digital Thread Integration

The concept of the "digital thread" involves the seamless flow of data from design through manufacturing and into the product's lifecycle. This trend is impacting the fasteners market by enhancing traceability and quality control. Digital thread integration allows for better tracking of fasteners from their source to installation in vehicles, improving product quality and safety.

In summary, the global passenger car fasteners market is evolving in response to the automotive industry's changing needs and emerging technologies. Trends such as lightweight materials, EV adoption, advanced safety features, digitalization, sustainability, customization, supply chain resilience, and digital thread integration are shaping the way fasteners are designed, produced, and integrated into modern vehicles. Manufacturers and suppliers that can adapt to these trends are well-positioned to thrive in this dynamic market.

Segmental Insights

By Vehicle Types

The segment of sedans and hatchbacks within the global passenger car fasteners market is marked by its diversity and importance in the automotive industry. Sedans and hatchbacks are among the most prevalent and versatile vehicle types, appealing to a wide range of consumers globally.

Fasteners in this segment serve multiple critical functions, including the assembly of various vehicle components such as body panels, interior elements, engines, and chassis parts. They are essential for maintaining the structural integrity of the vehicle, ensuring safety, and enabling components to work together seamlessly.

One prominent trend in this segment is the persistent focus on weight reduction. As automakers strive to meet stringent fuel efficiency and emissions regulations, they are increasingly turning to lightweight materials and design optimization. Fastener manufacturers are responding by producing lightweight fasteners made from materials like aluminum alloys and advanced composites. These fasteners not only reduce the overall weight of the vehicle but also contribute to improved fuel efficiency without compromising structural integrity. Moreover, the sedan and hatchback segment has witnessed a growing demand for fasteners capable of withstanding complex stresses and vibrations associated with various driving conditions. Fastener designs have evolved to incorporate features such as self-locking mechanisms and anti-vibration properties to enhance reliability and durability.

Customization is another noteworthy trend in this segment. Sedan and hatchback models often differ significantly in their design and assembly requirements. Fastener suppliers are offering a broader range of specialized products tailored to meet the specific needs of different vehicle models. This trend aligns with the automotive industry's shift toward modular and platform-based production approaches, where fasteners must accommodate a variety of configurations.

As environmental sustainability becomes increasingly important, fasteners used in sedans and hatchbacks are subject to scrutiny regarding their environmental impact. Manufacturers are exploring eco-friendly materials and coatings to reduce the ecological footprint of their products.

In summary, the sedan and hatchback segment of the global passenger car fasteners market is characterized by the need for lightweight, durable, and customizable fastening solutions that contribute to improved fuel efficiency and safety. Fastener manufacturers are responding to these demands by innovating in materials, designs, and environmental considerations to meet the evolving requirements of this vital vehicle category.

By Fastner Type

Within the global passenger car fasteners market, the segment dedicated to screws and bolts is of paramount importance. These fasteners serve as the backbone for securing a wide array of critical components in vehicles, including engine parts, chassis elements, interior fixtures, and body panels. The screws and bolts employed in passenger cars must adhere to stringent performance and safety standards to guarantee the structural stability and dependability of the vehicle. A notable trend in this segment is the increasing preference for high-strength materials and coatings to enhance durability and resistance to corrosion, as automakers and consumers alike prioritize longevity and reliability in the fasteners used within their vehicles.

By Material Type

In the global passenger car fasteners market, the segment dedicated to high-strength steel materials plays a pivotal role. These materials are prized for their exceptional strength, durability, and corrosion resistance, making them indispensable for securing critical vehicle components such as chassis elements, engine parts, and structural elements. A notable trend within this segment is the continual pursuit of improved strength-to-weight ratios, enabling automakers to achieve weight reduction goals while maintaining the structural integrity and safety standards required in modern passenger cars.

By Region

The Asia-Pacific region segment within the global passenger car fasteners market is a thriving hub driven by its position as a central automotive manufacturing powerhouse. Notably, countries like China, Japan, and South Korea host a multitude of automobile production facilities, contributing significantly to the demand for fasteners. This heightened demand can be attributed to the region's continuous automotive industry growth, spurred by factors such as rapid urbanization, rising incomes, and evolving consumer preferences. Consequently, fastener manufacturers in Asia-Pacific are presented with significant opportunities to cater to the evolving needs of this expanding market.


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Regional Insights

The Asia-Pacific region, led by China, remains the epicenter of automotive production and, consequently, a significant driver of the passenger car fasteners market. China's burgeoning middle class and urbanization have led to robust demand for passenger cars, translating into a constant need for high-quality fasteners. Japan and South Korea also contribute significantly to this market, given their established automotive manufacturing prowess. The region's prominence is further accentuated by its focus on lightweight and eco-friendly materials in fastener production, aligning with the industry's sustainability goals.

North America is characterized by a well-established automotive industry, with the United States, Canada, and Mexico as key players. In this region, fastener manufacturers cater to the specific requirements of North American automakers, which often prioritize safety, advanced materials, and innovation. The adoption of electric vehicles (EVs) and the emphasis on advanced safety features have spurred demand for specialized fasteners, further driving growth in this market.

Europe's passenger car fasteners market is shaped by its strong automotive tradition and commitment to stringent safety and environmental regulations. European manufacturers prioritize the use of eco-friendly materials and advanced fastening solutions to align with the region's sustainability goals. Moreover, the increasing adoption of electric and hybrid vehicles across Europe has led to unique fastener requirements, with an emphasis on lightweight materials and secure battery integration.

Latin America: Latin America's market is characterized by diverse economic conditions across countries, which impact the demand for passenger cars and fasteners. Brazil, in particular, has a sizable automotive industry and serves as a major market for fasteners in the region. However, economic volatility in some Latin American countries can pose challenges for market stability. The Middle East and Africa represent emerging markets for passenger car fasteners, driven by economic growth and increasing urbanization. As these regions experience a rising demand for vehicles, fastener manufacturers are presented with opportunities to supply the growing automotive sector. However, regional stability and infrastructure development also play a significant role in the expansion of the market in these areas.

In summary, regional insights within the global passenger car fasteners market reflect a complex interplay of economic conditions, manufacturing capabilities, regulatory standards, and consumer preferences. Each region presents unique opportunities and challenges for fastener manufacturers, emphasizing the importance of a nuanced understanding of local dynamics and global market trends.

Recent Developments

  • In September 2022, Bulten AB and Polestar have joined forces in a collaborative effort to create a climate-neutral electric car by the year 2030. As part of this partnership, Bulten AB will provide eco-friendly and high-performance fasteners for the project.

Key Market Players

  • Bulten AB
  • Shanghai Tianbao Fastener Manufacturing company Limited
  • Westfield Fasteners Limited
  • The Phillips Screw Company
  • KOVA Fasteners Private Limited
  • KAMAX Holding GmbH & Co. KG
  • LISI Group
  • Illinois Tool Works Inc.
  • The SFS Group AG
  • Nifco Inc.

Vehicle Type

By Fastner Type

By Material Type

By Region
  • SUV
  • Sedan
  • Hatchback
  • MUV
  • Threaded
  • Non-Threaded
  • Iron
  • Steel
  • Aluminum
  • Brass
  • Plastic
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Passenger Car Fasteners Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Passenger Car Fasteners Market, By Vehicle Types:

o   SUV

o   Sedan

o   Hatchback

o   MUV

  • Passenger Car Fasteners Market, By Fastner Type:

o   Threaded

o   Non-Threaded

  • Passenger Car Fasteners Market, By Material Type:

o   Iron

o   Steel

o   Aluminum

o   Brass

o   Plastic

  • Passenger Car Fasteners Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  Turkey

§  Iran

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Passenger Car Fasteners Market.

Available Customizations:

Global Passenger Car Fasteners Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Passenger Car Fasteners Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Market Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Passenger Car Fasteners Market

5.    Global Passenger Car Fasteners Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Volume & Value

5.2.  Market Share & Forecast

5.2.1.    By Vehicle Types (SUV, Sedan, Hatchback, MUV)

5.2.2.    By Fastner Type (Threaded and Non-Threaded)

5.2.3.    By Material Type (Iron, Steel, Aluminum, Brass, Plastic)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        Asia-Pacific Market Share Analysis

5.2.4.2.        Europe & CIS Market Share Analysis

5.2.4.3.        North America Market Share Analysis

5.2.4.4.        South America Market Share Analysis

5.2.4.5.        Middle East & Africa Market Share Analysis

5.2.5.    By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3.  Global Passenger Car Fasteners Market Mapping & Opportunity Assessment

5.3.1.    By Vehicle Types Market Mapping & Opportunity Assessment

5.3.2.    By Fastner Type Market Mapping & Opportunity Assessment

5.3.3.    By Material Type Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Passenger Car Fasteners Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Volume & Value

6.2.  Market Share & Forecast

6.2.1.    By Vehicle Types Market Share Analysis

6.2.2.    By Fastner Type Market Share Analysis

6.2.3.    By Material Type Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        China Market Share Analysis

6.2.4.2.        India Market Share Analysis

6.2.4.3.        Japan Market Share Analysis

6.2.4.4.        Indonesia Market Share Analysis

6.2.4.5.        Thailand Market Share Analysis

6.2.4.6.        South Korea Market Share Analysis

6.2.4.7.        Australia Market Share Analysis

6.2.4.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Passenger Car Fasteners Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Volume & Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Vehicle Types Market Share Analysis

6.3.1.2.2.           By Fastner Type Market Share Analysis

6.3.1.2.3.           By Material Type Market Share Analysis

6.3.2.    India Passenger Car Fasteners Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Volume & Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Vehicle Types Market Share Analysis

6.3.2.2.2.           By Fastner Type Market Share Analysis

6.3.2.2.3.           By Material Type Market Share Analysis

6.3.3.    Japan Passenger Car Fasteners Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Volume & Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Vehicle Types Market Share Analysis

6.3.3.2.2.           By Fastner Type Market Share Analysis

6.3.3.2.3.           By Material Type Market Share Analysis

6.3.4.    Indonesia Passenger Car Fasteners Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Volume & Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Vehicle Types Market Share Analysis

6.3.4.2.2.           By Fastner Type Market Share Analysis

6.3.4.2.3.           By Material Type Market Share Analysis

6.3.5.    Thailand Passenger Car Fasteners Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Volume & Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Vehicle Types Market Share Analysis

6.3.5.2.2.           By Fastner Type Market Share Analysis

6.3.5.2.3.           By Material Type Market Share Analysis

6.3.6.    South Korea Passenger Car Fasteners Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Volume & Value

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By Vehicle Types Market Share Analysis

6.3.6.2.2.           By Fastner Type Market Share Analysis

6.3.6.2.3.           By Material Type Market Share Analysis

6.3.7.    Australia Passenger Car Fasteners Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.           By Volume & Value

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.           By Vehicle Types Market Share Analysis

6.3.7.2.2.           By Fastner Type Market Share Analysis

6.3.7.2.3.           By Material Type Market Share Analysis

7.    Europe & CIS Passenger Car Fasteners Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Volume & Value

7.2.  Market Share & Forecast

7.2.1.    By Vehicle Types Market Share Analysis

7.2.2.    By Fastner Type Market Share Analysis

7.2.3.    By Material Type Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        Germany Market Share Analysis

7.2.4.2.        Spain Market Share Analysis

7.2.4.3.        France Market Share Analysis

7.2.4.4.        Russia Market Share Analysis

7.2.4.5.        Italy Market Share Analysis

7.2.4.6.        United Kingdom Market Share Analysis

7.2.4.7.        Belgium Market Share Analysis

7.2.4.8.        Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Passenger Car Fasteners Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Volume & Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Vehicle Types Market Share Analysis

7.3.1.2.2.           By Fastner Type Market Share Analysis

7.3.1.2.3.           By Material Type Market Share Analysis

7.3.2.    Spain Passenger Car Fasteners Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Volume & Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Vehicle Types Market Share Analysis

7.3.2.2.2.           By Fastner Type Market Share Analysis

7.3.2.2.3.           By Material Type Market Share Analysis

7.3.3.    France Passenger Car Fasteners Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Volume & Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Vehicle Types Market Share Analysis

7.3.3.2.2.           By Fastner Type Market Share Analysis

7.3.3.2.3.           By Material Type Market Share Analysis

7.3.4.    Russia Passenger Car Fasteners Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Volume & Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Vehicle Types Market Share Analysis

7.3.4.2.2.           By Fastner Type Market Share Analysis

7.3.4.2.3.           By Material Type Market Share Analysis

7.3.5.    Italy Passenger Car Fasteners Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Volume & Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Vehicle Types Market Share Analysis

7.3.5.2.2.           By Fastner Type Market Share Analysis

7.3.5.2.3.           By Material Type Market Share Analysis

7.3.6.    United Kingdom Passenger Car Fasteners Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Volume & Value

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By Vehicle Types Market Share Analysis

7.3.6.2.2.           By Fastner Type Market Share Analysis

7.3.6.2.3.           By Material Type Market Share Analysis

7.3.7.    Belgium Passenger Car Fasteners Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.           By Volume & Value

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.           By Vehicle Types Market Share Analysis

7.3.7.2.2.           By Fastner Type Market Share Analysis

7.3.7.2.3.           By Material Type Market Share Analysis

8.    North America Passenger Car Fasteners Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Volume & Value

8.2.  Market Share & Forecast

8.2.1.    By Vehicle Types Market Share Analysis

8.2.2.    By Fastner Type Market Share Analysis

8.2.3.    By Material Type Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        United States Market Share Analysis

8.2.4.2.        Mexico Market Share Analysis

8.2.4.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Passenger Car Fasteners Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Volume & Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Vehicle Types Market Share Analysis

8.3.1.2.2.           By Fastner Type Market Share Analysis

8.3.1.2.3.           By Material Type Market Share Analysis

8.3.2.    Mexico Passenger Car Fasteners Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Volume & Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Vehicle Types Market Share Analysis

8.3.2.2.2.           By Fastner Type Market Share Analysis

8.3.2.2.3.           By Material Type Market Share Analysis

8.3.3.    Canada Passenger Car Fasteners Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Volume & Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Vehicle Types Market Share Analysis

8.3.3.2.2.           By Fastner Type Market Share Analysis

8.3.3.2.3.           By Material Type Market Share Analysis

9.    South America Passenger Car Fasteners Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Volume & Value

9.2.  Market Share & Forecast

9.2.1.    By Vehicle Types Market Share Analysis

9.2.2.    By Fastner Type Market Share Analysis

9.2.3.    By Material Type Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        Brazil Market Share Analysis

9.2.4.2.        Argentina Market Share Analysis

9.2.4.3.        Colombia Market Share Analysis

9.2.4.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Passenger Car Fasteners Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Volume & Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Vehicle Types Market Share Analysis

9.3.1.2.2.           By Fastner Type Market Share Analysis

9.3.1.2.3.           By Material Type Market Share Analysis

9.3.2.    Colombia Passenger Car Fasteners Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Volume & Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Vehicle Types Market Share Analysis

9.3.2.2.2.           By Fastner Type Market Share Analysis

9.3.2.2.3.           By Material Type Market Share Analysis

9.3.3.    Argentina Passenger Car Fasteners Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Volume & Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Vehicle Types Market Share Analysis

9.3.3.2.2.           By Fastner Type Market Share Analysis

9.3.3.2.3.           By Material Type Market Share Analysis

10. Middle East & Africa Passenger Car Fasteners Market Outlook

10.1.           Market Size & Forecast

10.1.1. By Volume & Value

10.2.           Market Share & Forecast

10.2.1. By Vehicle Types Market Share Analysis

10.2.2. By Fastner Type Market Share Analysis

10.2.3. By Material Type Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     Turkey Market Share Analysis

10.2.4.2.     Iran Market Share Analysis

10.2.4.3.     Saudi Arabia Market Share Analysis

10.2.4.4.     UAE Market Share Analysis

10.2.4.5.     Rest of Middle East & Africa Market Share Africa

10.3.           Middle East & Africa: Country Analysis

10.3.1. Turkey Passenger Car Fasteners Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Volume & Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Vehicle Types Market Share Analysis

10.3.1.2.2.         By Fastner Type Market Share Analysis

10.3.1.2.3.         By Material Type Market Share Analysis

10.3.2. Iran Passenger Car Fasteners Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Volume & Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Vehicle Types Market Share Analysis

10.3.2.2.2.         By Fastner Type Market Share Analysis

10.3.2.2.3.         By Material Type Market Share Analysis

10.3.3. Saudi Arabia Passenger Car Fasteners Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Volume & Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Vehicle Types Market Share Analysis

10.3.3.2.2.         By Fastner Type Market Share Analysis

10.3.3.2.3.         By Material Type Market Share Analysis

10.3.4. UAE Passenger Car Fasteners Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Volume & Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Vehicle Types Market Share Analysis

10.3.4.2.2.         By Fastner Type Market Share Analysis

10.3.4.2.3.         By Material Type Market Share Analysis

11. SWOT Analysis

11.1.           Strength

11.2.           Weakness

11.3.           Opportunities

11.4.           Threats

12. Market Dynamics

12.1.           Market Drivers

12.2.           Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1.           Company Profiles (Up to 10 Major Companies)

14.1.1. Bulten AB 

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. Shanghai Tianbao Fastener Manufacturing company Limited

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. Westfield Fasteners Limited

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4. The Phillips Screw Company

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5. KOVA Fasteners Private Limited

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6. KAMAX Holding GmbH & Co. KG

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7. LISI Group

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8. Illinois Tool Works Inc.

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9. The SFS Group AG

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.              Nifco Inc.

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Recent Developments

14.1.10.5.  Key Management Personnel

15. Strategic Recommendations

15.1.           Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Vehicle Type

15.1.3. Target By Fastner Type

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Figures and Tables

Frequently asked questions

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The Global Passenger Car Fasteners Market size reached USD 13.62 billion in 2022.

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The SUV (Sports Utility Vehicle) segment stands as the reigning dominator. SUVs have firmly established themselves as the preferred choice among consumers worldwide, surpassing other vehicle categories such as sedans or hatchbacks. This dominance is driven by their versatility, spaciousness, and the sense of adventure they offer to drivers. The appeal of SUVs extends across various demographics, from families seeking ample interior space to outdoor enthusiasts seeking rugged performance. As a result, automakers and the automotive industry, in general, have witnessed a significant shift towards prioritizing SUV production to meet the burgeoning demand in this ever-popular segment.

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The dominant region in the Global Passenger Car Fasteners Market is Asia-Pacific. This region, led by automotive manufacturing giants like China, Japan, and South Korea, holds a commanding position due to its vast production capacities and robust demand for passenger cars. Rapid urbanization, a growing middle-class population, and changing consumer preferences have driven the consistent demand for automobiles, subsequently fueling the need for fasteners in vehicle assembly. Asia-Pacific's prominence is further underscored by its focus on innovation, lightweight materials, and sustainability in fastener production, aligning with industry trends and global standards.

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The major drivers propelling the Global Passenger Car Fasteners Market include the continuous growth of the automotive industry worldwide, fueled by factors such as urbanization, rising disposable incomes, and evolving consumer preferences, which increase the demand for passenger cars and, consequently, fasteners. Additionally, stringent safety and quality standards enforced by regulatory bodies globally drive the need for high-quality fasteners to ensure vehicle safety and structural integrity. Innovations in automotive design and materials, such as lightweight fasteners and advanced alloys, contribute to improved fuel efficiency and environmental sustainability, further boosting market demand. Geographically, the Asia-Pacific region, with its robust automotive manufacturing presence, remains a dominant force in the market's growth.

Related Reports

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Srishti Verma

Business Consultant
Press Release

Global Passenger Car Fasteners Market to Grow with a CAGR of 4.47% through 2028

Oct, 2023

The continuous growth of the automotive industry worldwide and stringent safety and quality standards enforced by regulatory bodies globally drive the need for high-quality fasteners, all these facto

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