Automotive Engine Fastener Market Developments by 2031
The Automotive Engine Fasteners Market is expected to register a CAGR of 5.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
Automotive Engine Fastener Market covers analysis By Type (Bolts, Nuts, Screws); End User (Gasoline Engine, Diesel Engine) , and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America)
Purpose of the ReportThe report Automotive Engine Fasteners Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Automotive Engine Fasteners Market Segmentation
By Type- Bolts
- Nuts
- Screws;
- Gasoline Engine
- Diesel Engine
Strategic Insights
Automotive Engine Fasteners Market Growth Drivers- Increasing automotive production: Increasing automotive production across the globe with surge in demand for the passenger cars drives the market growth during the forecast period. According to the International Organization of Motor Vehicle Manufacturers, global automotive production reached to 93.5 million units in 2023 increased by 8.6% as compared to 2022. The automotive industry plays a crucial role in the world’s economy, and the automotive manufacturing industry generated around US$ 2.52 trillion in 2022 and is growing at a rapid pace during the forecast period. With growing production, volume for fasteners, such as engine fasteners, rises.
- Technological Advancements: Sustained technological developments in automotive technologies are also fueling the primary drivers. Increased demand for enhanced fastening solutions aimed at enhancing vehicle performance and safety is forcing manufactures to develop innovative products, thereby expanding the market for automotive fasteners.
- Advances in Engine Design Technology: Engine Design Lightweight materials-the transition towards lightweight aluminum and composite component parts in engine design-to have an increase in fuel efficiency-and so increases the call for specialty fasteners to achieve both strength and minimize weight. A modern engine design is increasingly going towards turbocharged, electric, hybrid, and high performance, requiring advanced fasteners that have high strength durability, and resistance to high temperatures and corrosion.
- Trend towards Electric Vehicles: The trend in the automobile industry is going largely towards electrification, and electric vehicles are gradually becoming the favorites of the masses. This trend not only changes the type of fasteners used but even changes the design of engine parts and their material.
- Smart Vehicle Integration: The integration of smart technology in vehicles has increased, involving advanced materials with well-fastened solutions. This is considered on the demand side with people demanding more features in their vehicle to make their vehicles more connected and automated.
- Sustainability Initiatives: in this regard, fastener makers can work towards more environmentally friendly material and process development to meet this changing trend of the automotive industry, which would rather have less carbon footprinting and higher recyclability.
- Aftermarket Growth For automotive fasteners: The aftermarket is growing. It will be an area of opportunity for the manufacturers in meeting the repair and replacement demands of consumers. With time, cars would need good-quality fasteners in maintenance as well as repair services.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Automotive Engine Fasteners Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Automotive Engine Fasteners Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The Automotive Engine Fasteners Market is estimated to witness a CAGR of 5.2% from 2023 to 2031
The major factors driving the automotive engine fasteners market are: Increasing automotive production Advances in Engine Design Technology driving the market growth.
The high manufacturing cost for the automotive engine fasteners hinders the market growth.
The major players in the market includes NORMA Group, Nifco Inc., MeiraGTx Limited, MEIDOH Co LTD, Boltun CORPORATION, KAMAX Holding GmbH and Co KG, Araymond, Stanley Black and Decker Inc., Wurth Elektronik GmbH and Co KG, NIFCO, Fontana Gruppo, Others
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Engine Fastener Market - By Type
1.3.2 Automotive Engine Fastener Market - By End User
1.3.3 Automotive Engine Fastener Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE ENGINE FASTENER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTOMOTIVE ENGINE FASTENER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AUTOMOTIVE ENGINE FASTENER MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE ENGINE FASTENER - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE ENGINE FASTENER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. AUTOMOTIVE ENGINE FASTENER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BOLTS
7.3.1. Overview
7.3.2. Bolts Market Forecast and Analysis
7.4. NUTS
7.4.1. Overview
7.4.2. Nuts Market Forecast and Analysis
7.5. SCREWS
7.5.1. Overview
7.5.2. Screws Market Forecast and Analysis
8. AUTOMOTIVE ENGINE FASTENER MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. GASOLINE ENGINE
8.3.1. Overview
8.3.2. Gasoline Engine Market Forecast and Analysis
8.4. DIESEL ENGINE
8.4.1. Overview
8.4.2. Diesel Engine Market Forecast and Analysis
9. AUTOMOTIVE ENGINE FASTENER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Automotive Engine Fastener Market Overview
9.1.2 North America Automotive Engine Fastener Market Forecasts and Analysis
9.1.3 North America Automotive Engine Fastener Market Forecasts and Analysis - By Type
9.1.4 North America Automotive Engine Fastener Market Forecasts and Analysis - By End User
9.1.5 North America Automotive Engine Fastener Market Forecasts and Analysis - By Countries
9.1.5.1 United States Automotive Engine Fastener Market
9.1.5.1.1 United States Automotive Engine Fastener Market by Type
9.1.5.1.2 United States Automotive Engine Fastener Market by End User
9.1.5.2 Canada Automotive Engine Fastener Market
9.1.5.2.1 Canada Automotive Engine Fastener Market by Type
9.1.5.2.2 Canada Automotive Engine Fastener Market by End User
9.1.5.3 Mexico Automotive Engine Fastener Market
9.1.5.3.1 Mexico Automotive Engine Fastener Market by Type
9.1.5.3.2 Mexico Automotive Engine Fastener Market by End User
9.2. EUROPE
9.2.1 Europe Automotive Engine Fastener Market Overview
9.2.2 Europe Automotive Engine Fastener Market Forecasts and Analysis
9.2.3 Europe Automotive Engine Fastener Market Forecasts and Analysis - By Type
9.2.4 Europe Automotive Engine Fastener Market Forecasts and Analysis - By End User
9.2.5 Europe Automotive Engine Fastener Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Automotive Engine Fastener Market
9.2.5.1.1 Germany Automotive Engine Fastener Market by Type
9.2.5.1.2 Germany Automotive Engine Fastener Market by End User
9.2.5.2 France Automotive Engine Fastener Market
9.2.5.2.1 France Automotive Engine Fastener Market by Type
9.2.5.2.2 France Automotive Engine Fastener Market by End User
9.2.5.3 Italy Automotive Engine Fastener Market
9.2.5.3.1 Italy Automotive Engine Fastener Market by Type
9.2.5.3.2 Italy Automotive Engine Fastener Market by End User
9.2.5.4 Spain Automotive Engine Fastener Market
9.2.5.4.1 Spain Automotive Engine Fastener Market by Type
9.2.5.4.2 Spain Automotive Engine Fastener Market by End User
9.2.5.5 United Kingdom Automotive Engine Fastener Market
9.2.5.5.1 United Kingdom Automotive Engine Fastener Market by Type
9.2.5.5.2 United Kingdom Automotive Engine Fastener Market by End User
9.2.5.6 Rest of Europe Automotive Engine Fastener Market
9.2.5.6.1 Rest of Europe Automotive Engine Fastener Market by Type
9.2.5.6.2 Rest of Europe Automotive Engine Fastener Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Automotive Engine Fastener Market Overview
9.3.2 Asia-Pacific Automotive Engine Fastener Market Forecasts and Analysis
9.3.3 Asia-Pacific Automotive Engine Fastener Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Automotive Engine Fastener Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Automotive Engine Fastener Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Automotive Engine Fastener Market
9.3.5.1.1 Australia Automotive Engine Fastener Market by Type
9.3.5.1.2 Australia Automotive Engine Fastener Market by End User
9.3.5.2 China Automotive Engine Fastener Market
9.3.5.2.1 China Automotive Engine Fastener Market by Type
9.3.5.2.2 China Automotive Engine Fastener Market by End User
9.3.5.3 India Automotive Engine Fastener Market
9.3.5.3.1 India Automotive Engine Fastener Market by Type
9.3.5.3.2 India Automotive Engine Fastener Market by End User
9.3.5.4 Japan Automotive Engine Fastener Market
9.3.5.4.1 Japan Automotive Engine Fastener Market by Type
9.3.5.4.2 Japan Automotive Engine Fastener Market by End User
9.3.5.5 South Korea Automotive Engine Fastener Market
9.3.5.5.1 South Korea Automotive Engine Fastener Market by Type
9.3.5.5.2 South Korea Automotive Engine Fastener Market by End User
9.3.5.6 Rest of Asia-Pacific Automotive Engine Fastener Market
9.3.5.6.1 Rest of Asia-Pacific Automotive Engine Fastener Market by Type
9.3.5.6.2 Rest of Asia-Pacific Automotive Engine Fastener Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Automotive Engine Fastener Market Overview
9.4.2 Middle East and Africa Automotive Engine Fastener Market Forecasts and Analysis
9.4.3 Middle East and Africa Automotive Engine Fastener Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Automotive Engine Fastener Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Automotive Engine Fastener Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Automotive Engine Fastener Market
9.4.5.1.1 South Africa Automotive Engine Fastener Market by Type
9.4.5.1.2 South Africa Automotive Engine Fastener Market by End User
9.4.5.2 Saudi Arabia Automotive Engine Fastener Market
9.4.5.2.1 Saudi Arabia Automotive Engine Fastener Market by Type
9.4.5.2.2 Saudi Arabia Automotive Engine Fastener Market by End User
9.4.5.3 U.A.E Automotive Engine Fastener Market
9.4.5.3.1 U.A.E Automotive Engine Fastener Market by Type
9.4.5.3.2 U.A.E Automotive Engine Fastener Market by End User
9.4.5.4 Rest of Middle East and Africa Automotive Engine Fastener Market
9.4.5.4.1 Rest of Middle East and Africa Automotive Engine Fastener Market by Type
9.4.5.4.2 Rest of Middle East and Africa Automotive Engine Fastener Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Automotive Engine Fastener Market Overview
9.5.2 South and Central America Automotive Engine Fastener Market Forecasts and Analysis
9.5.3 South and Central America Automotive Engine Fastener Market Forecasts and Analysis - By Type
9.5.4 South and Central America Automotive Engine Fastener Market Forecasts and Analysis - By End User
9.5.5 South and Central America Automotive Engine Fastener Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Automotive Engine Fastener Market
9.5.5.1.1 Brazil Automotive Engine Fastener Market by Type
9.5.5.1.2 Brazil Automotive Engine Fastener Market by End User
9.5.5.2 Argentina Automotive Engine Fastener Market
9.5.5.2.1 Argentina Automotive Engine Fastener Market by Type
9.5.5.2.2 Argentina Automotive Engine Fastener Market by End User
9.5.5.3 Rest of South and Central America Automotive Engine Fastener Market
9.5.5.3.1 Rest of South and Central America Automotive Engine Fastener Market by Type
9.5.5.3.2 Rest of South and Central America Automotive Engine Fastener Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AUTOMOTIVE ENGINE FASTENER MARKET, KEY COMPANY PROFILES
11.1. NORMA GROUP
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. NIFCO INC,
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MEIRAGTX LIMITED
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MEIDOH CO.,LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BOLTUN CORPORATION, LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KAMAX HOLDING GMBH AND CO. KG
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ARAYMOND
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. STANLEY BLACK AND DECKER, INC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. WüRTH ELEKTRONIK GMBH AND CO. KG
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. LISI AEROSPACE
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. NORMA Group
2. Nifco Inc,
3. MeiraGTx Limited
4. MEIDOH Co.,LTD.
5. Boltun CORPORATION, Ltd.
6. KAMAX Holding GmbH and Co. KG
7. Araymond
8. Stanley Black and Decker, Inc
9. Würth Elektronik GmbH and Co. KG
10. LISI AEROSPACE
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For