Automotive Screw Nut Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 6.8 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The global automotive screw nut market was valued at approximately USD 7.5 billion in 2022. The market is projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2030, reaching an estimated value of USD 11.2 billion by the end of the forecast period. The increasing demand for lightweight and high-strength materials in vehicles, driven by advancements in automotive design and safety standards, is significantly propelling market growth. Additionally, the rising production and sales of automobiles in emerging economies contribute to the expansion of the automotive screw nut market. The surge in automotive manufacturing, coupled with the growing trend of vehicle customization, is expected to drive sustained demand for various types of screw nuts.
Opportunity analysis within the automotive screw nut market highlights significant growth prospects in several regions. Emerging markets, particularly in Asia-Pacific, offer substantial opportunities due to rapid industrialization and increased automotive production. The proliferation of electric vehicles (EVs) and hybrid vehicles also presents new avenues for market expansion, as these vehicles often require specialized screw nuts to accommodate unique design features. Furthermore, advancements in screw nut technology, such as the development of corrosion-resistant and high-strength materials, are likely to open up new opportunities for innovation and market penetration. Companies investing in research and development to meet these evolving demands will be well-positioned to capitalize on these emerging trends.
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THK
Yuxing
JIBIAO
ChangHu
FuQiang
QiKang
HengCheng
Yichunlai
Peerless Hardware
Vikrant Fasteners
Midwest Acorn Nut
Buckeye Fasteners
Texas Bolt & Nut
Mid-State Bolt and Nut
PCC Fasteners
National Bolt&Nut
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Screw Nut Market
Passenger Cars
Commercial Vehicles
Based on Types the Market is categorized into Below types that held the largest Automotive Screw Nut market share In 2023.
Stainless Steel
Alloy Steel
Carbon Steel
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Screw Nut Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Screw Nut Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Screw Nut Market, By Type
6. Global Automotive Screw Nut Market, By Application
7. Global Automotive Screw Nut Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Screw Nut Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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