Product ID: UCMIG25AG2016
Automotive Plastic Fasteners Market Size, Share, Growth Analysis, By Application(Interior, Exterior), By Function(Bonding, NVH), By Vehicle Type(Passenger Cars, Light Commercial Vehicles), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG25AG2016 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Automotive Plastic Fasteners Market Insights
Market Overview:
The plastic fasteners market in the automotive industry was valued at USD 2.18 billion in 2016 and is expected to grow substantially due to the benefits of lightweight and cost-effective plastic fasteners, along with technological advancements to enhance their mechanical strength. Major companies in the market have established long-term contracts with automotive manufacturers for specialized product designs, giving them a competitive advantage over smaller manufacturers. However, there are opportunities for new players in the market to introduce innovative product designs.
Automotive Plastic Fasteners Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Automotive Retail by segment aggregation, the contribution of the Automotive Retail in Retailing and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Automotive Plastic Fasteners Market Report Snapshots
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