Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Automotive Plastic Fasteners Market Size is Expected to Grow from USD 4.18 Billion in 2023 to USD 6.97 Billion by 2033, Growing at a CAGR of 5.25% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Automotive Plastic Fasteners Market Size, Share, and COVID-19 Impact Analysis, By Application (Wire harnessing, Interior, Exterior, Electronics, Powertrain, Chassis, Others), By Function (Bonding, NVH), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033
The international automotive plastic fasteners market refers to the marketplace that focuses on the fabrication, marketing, and integration of fasteners, which are lightweight, corrosion-resistant components used to securely join various parts of a vehicle, such as body panels, interior elements, and engine components. They play a crucial role in reducing vehicle weight, improving fuel efficiency, and meeting stringent emission norms. The market is driven by the increasing demand for lightweight vehicles, advancements in electric and hybrid vehicles, and the need for cost-effective, durable fastening solutions. Plastic fasteners are preferred over traditional metal fasteners due to their ability to combine strength, flexibility, and resistance to environmental factors and developments in material science with technical support. However, the market expansion is hindered due to the raw material prices fluctuating with high intensity.
The wire harnessing segment held the greatest share of the global automotive plastic fasteners market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period.
On the basis of the application, the global automotive plastic fasteners market is divided into wire harnessing, interior, exterior, electronics, powertrain, chassis, and others. Among these, the wire harnessing segment held the greatest share of the global automotive plastic fasteners market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period. This segment growth is driven by providing insulating material, robustness, and vibration resistance for both safety and performance, and demand has increased due to the rise of electric vehicles.
The NVH segment held a significant share of the global automotive plastic fasteners market in 2023 and is expected to grow at a rapid pace over the forecast period.
On the basis of the function, the global automotive plastic fasteners market is classified into bonding, and NVH. Among these, the NVH segment held a significant share of the global automotive plastic fasteners market in 2023 and is expected to grow at a rapid pace over the forecast period. This is due to becoming more popular, particularly in the premium and electric car markets, and the automotive industry moves toward electric drivetrains that are silent and vibration-free.
Asia Pacific is anticipated to hold the greatest share of the global automotive plastic fasteners market over the forecast period.
Asia Pacific is expected to hold the greatest share of the global automotive plastic fasteners market over the forecast period. The regional market growth is influenced because of the region's advantages lower manufacturing expenses, an expanding middle class, and increasing car ownership. Moreover, the dramatic rises in automobile manufacturing in nations like India, Japan, and China are the main drivers of this supremacy.
Europe is expected to grow at the fastest CAGR of the global automotive plastic fasteners market over the forecast period. The regional market growth is accelerated by regulations related to the environment also influence the marketplace because they encourage the use of lightweight and environmentally friendly goods. The increasing need for non-conductive, corrosion-resistant plastic fasteners is influenced by the growing acceptance of electric automobiles, especially in Germany, France, and the UK.
Company Profiling
Major vendors in the global automotive plastic fasteners market are PennEngineering, Avery Dennison, MW Industries, Nifco Inc., DuPont, SABIC, Panduit, ITW, Bossard Group, Essentra Components, Stanley Black & Decker, BAND-IT, and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global automotive plastic fasteners market based on the below-mentioned segments:
Global Automotive Plastic Fasteners Market, By Application
Global Automotive Plastic Fasteners Market, By Function
Global Automotive Plastic Fasteners Market, By Regional
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