Market Share of Automotive Fasteners Industry
The market for automotive fasteners is a highly competitive market with few players such as Bossard Group, Stanley Black & Decker Inc., KAMAX Holding GmbH & Co., etc. dominating the market. These companies collectively account for a major share of this market.
The players in the market have adopted various strategies to diversify their presence globally and increase their market shares. The companies should focus on introducing more innovative products, mainly lightweight fasteners as the demand for lightweight vehicles is increasing worldwide. Players are carrying out strategic mergers and acquisitions in order to extend their market foothold. For instance:
- In March 2022, Birmingham Fastener & Supply Company Inc. acquired K-T Bolt Manufacturing, Inc. Through this acquisition, the company strengthened Birmingham Fastener's product offering and manufacturing diversity.
Automotive Fasteners Market Leaders
Bossard Group
Stanley Black & Decker Inc.
KAMAX Holding GmbH & Co.
LISI Group
Indiana Automotive Fasteners Inc. (Aoyama Seisakusho Co., Ltd.)
*Disclaimer: Major Players sorted in no particular order
