Automotive Retainers Market: Overview
Automotive retainers use to joint rubber and automotive components in order to provide vibration less and silent free operations such as closing of hood, windows, among other. The global market for automotive retainers is directly depends upon product and selling of automotive vehicles.
Automotive Retainers are procured in a box as well as sells as the unit of boxes. To make log life and anti-corrosive of automotive retainers, are using coating of Zinc, Phosphate. Most of the automotive retainer are mainly used at the location fender, bumper, and hood.
While, passenger car segment is projected to dominate in the global automotive retainers market owing to passenger car account lion’s share in the production and sales of automotive vehicles.
Small scale players is expected to hold prominent share in the global market owing to low cost of product as compared to original equipment manufacturers. However, OEM players are adroitly focused to adopt product launch and business expansion strategy in a bid to make strong foothold in the global automotive retainers market in the coming decades.
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Automotive Retainers Market: Dynamics
The global automotive retainers market directly depends on the new sales and production of automotive vehicles across the world thus the market being dependent on automotive industry growth dynamics related to expansion or contraction of output produce.
Furthermore, rising concerns towards noiseless operation of automotive components coupled with significant advancement in the designing of automotive components is expected to drive the global automotive retainers market during the forecast period.
Yet, irrespective of growth, the rising advancement in the material technology in the automotive fasteners can act as an hindrance to the sales of automotive retainers market during the coming years. Moreover, of late, sluggish growth of automotive industry is also expected to blur the potential for automotive retainers market over the stipulated time period.
Increasing the adoption rate of alternative fuel vehicles such as CNG vehicles, electric vehicle is estimated to generate added growth opportunities to existing space of automotive retainers market.
Numerous players are signing business deals with online product selling companies such as Amazon, AliExpress, among other in order to meet customer’s demand as well as increase market share across the world. Moreover, renowned automotive players are also investing hefty money in research and development in a bid to make light weight & eco-friendly vehicles.
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Automotive Retainers Market: Segmentation
By site of location
- Radiator
- Fender & Bumper
- Hood
- Others
By Product Type
- Push Type
- Threaded Type
- Others
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Sales Channel
- OEM (Original Equipment Manufacturer)
- OES (Original Equipment Supplier)
- IAS (Independent Automotive Supplier)
By Distribution Channel
- Online
- Offline
Automotive Retainers Market: Regional Outlook
Asia Pacific region is projected to radiate noteworthy potential for the automotive retainers market due to rising on-road fleet of vehicles in future. Europe is projected to with healthy growth rate in the global automotive retainers market owing to rising concern towards designing of vehicles.
Latin America region is expected to follow by Europe and this ranking is estimated to continue in the coming years. North America is projected to create hefty business opportunity owing rising sales of aftermarket automotive components coupled with rising sales of luxury vehicles over the coming years.
Middle East & Africa region is projected to grow with uptick growth rate in the market owing to inadequacy of production of vehicles mainly in GCC countries. Although, Thailand is the prominent exporter of automotive vehicles with is expected to reeling wistful opportunity for the automotive retainer market over the stipulated time period.
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Automotive Retainers Market: Key Participants
Some of the market participants in the Automotive Retainers market identified across the value chain:
- Zhongshan Xian Shun Plastic Fasteners Co., Ltd.
- EFC International
- Kent Automotive
- R&J Electrical Supply
- Automotive Clip Company
- Swordfish Tools, Inc.
- ITW Fastener Products GmbH
- Nifco Inc
- ATP Automotive
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