Product Code: ETC4575205 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India automotive fastener market import shipment demonstrated a robust growth trend with a notable CAGR from 2020 to 2024. However, there was a slight slowdown in growth between 2023 and 2024. Overall, the market expanded steadily during the period, showcasing positive momentum despite a minor dip in the growth rate towards the end.
The India automotive fastener market is a vital component of vehicle assembly and manufacturing. Fasteners, including bolts, nuts, and screws, are crucial for holding together various automotive parts. As the automotive industry in India continues to grow and evolve, the demand for high-quality and durable fasteners has increased. Additionally, lightweight fasteners and those with improved corrosion resistance are gaining importance in modern vehicle manufacturing. The fastener market`s growth is closely tied to the expansion of the automotive sector in India and its pursuit of efficiency and quality.
The India automotive fastener market is driven by the growing automotive industry in the country. As vehicle production and sales increase, there is a higher demand for fasteners to assemble various components of vehicles, from engines to chassis. Additionally, stringent safety and quality standards are encouraging manufacturers to use high-quality fasteners, contributing to market growth.
In India automotive fastener market, challenges revolve around stringent safety and quality standards. Ensuring product integrity and compliance with evolving vehicle design and materials is essential, all while managing cost pressures.
The India automotive fastener market was adversely affected by the COVID-19 pandemic. The market saw a decline in demand as vehicle production and sales dropped during lockdowns and economic uncertainties. Supply chain disruptions further impacted the availability of fasteners. However, with the automotive industry gradually bouncing back and an increasing emphasis on lightweight materials and advanced engineering, the fastener market is poised to recover in the post-pandemic period.
In the automotive fastener market, key players include Sundram Fasteners, Lakshmi Precision Screws, and Unbrako. They supply a wide range of fasteners used in vehicle assembly and maintenance.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Fastener Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Fastener Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Fastener Market - Industry Life Cycle |
3.4 India Automotive Fastener Market - Porter's Five Forces |
3.5 India Automotive Fastener Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 India Automotive Fastener Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Automotive Fastener Market Revenues & Volume Share, By Characteristics, 2021 & 2031F |
3.8 India Automotive Fastener Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.9 India Automotive Fastener Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.10 India Automotive Fastener Market Revenues & Volume Share, By Electric Vehicle Type, 2021 & 2031F |
4 India Automotive Fastener Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for automobiles in India |
4.2.2 Growth in the automotive manufacturing sector |
4.2.3 Emphasis on lightweight vehicles for fuel efficiency |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Intense competition among fastener manufacturers |
4.3.3 Technological advancements leading to alternative joining methods |
5 India Automotive Fastener Market Trends |
6 India Automotive Fastener Market, By Types |
6.1 India Automotive Fastener Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Fastener Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 India Automotive Fastener Market Revenues & Volume, By Threaded, 2021-2031F |
6.1.4 India Automotive Fastener Market Revenues & Volume, By Non-Threaded, 2021-2031F |
6.2 India Automotive Fastener Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Fastener Market Revenues & Volume, By Engine, 2021-2031F |
6.2.3 India Automotive Fastener Market Revenues & Volume, By Chassis, 2021-2031F |
6.2.4 India Automotive Fastener Market Revenues & Volume, By Transmission, 2021-2031F |
6.2.5 India Automotive Fastener Market Revenues & Volume, By Steering, 2021-2031F |
6.2.6 India Automotive Fastener Market Revenues & Volume, By Front/rear axle, 2021-2031F |
6.2.7 India Automotive Fastener Market Revenues & Volume, By Interior trim, 2021-2031F |
6.3 India Automotive Fastener Market, By Characteristics |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Fastener Market Revenues & Volume, By Removable Fasteners, 2021-2031F |
6.3.3 India Automotive Fastener Market Revenues & Volume, By Permanent Fasteners, 2021-2031F |
6.3.4 India Automotive Fastener Market Revenues & Volume, By Semi-Permanent Fasteners, 2021-2031F |
6.4 India Automotive Fastener Market, By Material Type |
6.4.1 Overview and Analysis |
6.4.2 India Automotive Fastener Market Revenues & Volume, By Stainless Steel, 2021-2031F |
6.4.3 India Automotive Fastener Market Revenues & Volume, By Iron, 2021-2031F |
6.4.4 India Automotive Fastener Market Revenues & Volume, By Bronze, 2021-2031F |
6.4.5 India Automotive Fastener Market Revenues & Volume, By Nickel, 2021-2031F |
6.4.6 India Automotive Fastener Market Revenues & Volume, By Aluminum, 2021-2031F |
6.4.7 India Automotive Fastener Market Revenues & Volume, By Brass, 2021-2031F |
6.5 India Automotive Fastener Market, By Vehicle Type |
6.5.1 Overview and Analysis |
6.5.2 India Automotive Fastener Market Revenues & Volume, By Passenger Car (PC), 2021-2031F |
6.5.3 India Automotive Fastener Market Revenues & Volume, By Light Commercial Vehicle (LCV), 2021-2031F |
6.5.4 India Automotive Fastener Market Revenues & Volume, By Heavy Commercial Vehicle (HCV), 2021-2031F |
6.6 India Automotive Fastener Market, By Electric Vehicle Type |
6.6.1 Overview and Analysis |
6.6.2 India Automotive Fastener Market Revenues & Volume, By Battery Electric Vehicle (BEV), 2021-2031F |
6.6.3 India Automotive Fastener Market Revenues & Volume, By Hybrid Electric Vehicle (HEV), 2021-2031F |
6.6.4 India Automotive Fastener Market Revenues & Volume, By Plug-in Hybrid Electric Vehicle (PHEV), 2021-2031F |
7 India Automotive Fastener Market Import-Export Trade Statistics |
7.1 India Automotive Fastener Market Export to Major Countries |
7.2 India Automotive Fastener Market Imports from Major Countries |
8 India Automotive Fastener Market Key Performance Indicators |
8.1 Average order value per customer |
8.2 Manufacturing lead time for fasteners |
8.3 Percentage of fasteners meeting quality standards |
8.4 Number of new product developments in the fastener market |
8.5 Percentage of repeat customers |
9 India Automotive Fastener Market - Opportunity Assessment |
9.1 India Automotive Fastener Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 India Automotive Fastener Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Automotive Fastener Market Opportunity Assessment, By Characteristics, 2021 & 2031F |
9.4 India Automotive Fastener Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.5 India Automotive Fastener Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.6 India Automotive Fastener Market Opportunity Assessment, By Electric Vehicle Type, 2021 & 2031F |
10 India Automotive Fastener Market - Competitive Landscape |
10.1 India Automotive Fastener Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Fastener Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |