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The automotive fasteners market size is forecast to increase by USD 8.75 billion at a CAGR of 7.85% between 2023 and 2028. The market is experiencing significant growth, driven by the cost advantages of using plastic fasteners in vehicle manufacturing. Plastic fasteners offer weight reduction benefits, making them ideal for the production of lightweight vehicles. However, the market also faces challenges, such as the increasing trend towards electric vehicle (EV) manufacturing, which requires specific fastener solutions. Flat steel prices and raw material costs continue to impact the market, while the demand for high-quality fasteners remains paramount to prevent recalls due to improper manufacturing procedures. In the US, this market is expected to grow as automakers prioritize cost savings and efficiency in their manufacturing processes, particularly in the production of lightweight and electric vehicles. Key players in the industry are investing in research and development to meet the evolving demands of the market.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Vehicle Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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