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Automotive Fastener Market Trends, Analysis & Forecast, 2032

Automotive Fastener Market is projected to cross USD $21.5039 Bn by 2032, rapidly expanding automotive industry around the world. In addition, prevalent adoption of lightweight automotive materials to reduce vehicle weight is likely to foster market growth over the forecast period.

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Automotive Fastener Market Trends, Analysis & Forecast, 2032

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  1. Automotive Fastener Market Growth Analysis & Forecast Report | 2024-2028

  2. Industry Insights • Automotive Fastener Market is projected to cross USD $21.5039 Bn by 2032, rapidly expanding automotive industry around the world. In addition, prevalent adoption of lightweight automotive materials to reduce vehicle weight is likely to foster market growth over the forecast period. • Modern automobiles require advanced materials to improve fuel economy while retaining safety and performance. Lightweight materials have a lot of potential for improving vehicle efficiency because it requires less energy to accelerate a lighter item than a heavy one. Favorable environmental regulations to reduce emissions have augmented industry expansion.

  3. Modern automobiles require advanced materials to improve fuel economy while retaining safety and performance. Lightweight materials have a lot of potential for improving vehicle efficiency because it requires less energy to accelerate a lighter item than a heavy one. Favorable environmental regulations to reduce emissions have augmented industry expansion. • Furthermore, companies have been engaging in lucrative strategies to tap into emerging trends in the market, which has positively impacted the overall business landscape. For instance, in June 2021, SFS Group AG, a leading manufacturer of mechanical fastening systems, announced the acquisition of Jevith A/S, a prominent supplier of fastening solutions. The deal enabled SFS to expand its fastening portfolio across Denmark.

  4. Regional Analysis • On the regional front, the Middle East & Africa automotive fasteners market is poised to exceed USD 530 million in revenue by the end of 2028, growing at a solid CAGR through the forecast timeframe. • Competitive Analysis • Kamax Group • Fontana • Agrati • Sundram Fastener Limited • Shanghai Prime Machinery Company Limited • SFS Group AG • Illinois Tool Works Inc. • Bulten AB • KOVA Fastener • Meidoh Co., Ltd. • Sterling Tools Limited • Changshu City Standard Parts Factory • and Westfield Fastener Limited

  5. Automotive Fastener Market @ https://www.gminsights.com/industry-analysis/automotive-fastener-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/1989 Request for customization: https://www.gminsights.com/roc/1989

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