Automotive Fasteners Market : Future Growth And Forecast With Significant Players 2021-2031
Automotive Fasteners : Introduction Automotive fasteners include nuts, screws, bolts, and spring clips. The parts that support to fix two or more parts of a vehicle are known as automotive fasteners. Such products do not fasten permanently and hence, enable components or parts of the vehicle to be assembled or dismantled without damaging them. Different materials, namely iron, stainless steel, aluminum, nickel, brass, and plastic are used to make automotive fasteners. Key Drivers of Automotive Fasteners Market Rise in demand for light weight vehicles across the globe due to enactment of stringent emission norms across the globe is likely to increase the adoption of lightweight components in vehicles, which in turn is anticipated to boost the automotive fasteners market across the globe. Rise in disposable income and reduction in tax rates on passenger and commercial vehicles due to the coronavirus pandemic are prompting consumers to own vehicles. Rise in small- and medium-scale i...