Automotive Fastener/Connector Market Set for Growth Amidst Challenges and Innovations
Analyzed 1 source • 0m ago- Global Automotive Fastener/Connector Market valued at approximately USD 34.2 billion in 2023.
- Market focuses on components for BEVs and autonomous vehicles.
- Challenges include rising raw material costs and alternatives to traditional fasteners.
- Innovation in 3D printing and CNC machining offers market expansion opportunities.
- North America leads the market due to strong automotive manufacturing.
- Asia Pacific expected to grow fastest due to industrialization and demand.
- Major players include Sterling Tools Limited and Stanley Black & Decker.
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