MarketResearch.biz announces publication of its most recently generated research report titled, “Europe Plastic Fasteners Market by Product Type (Rivets & Push-in Clips, Cable Clips & Ties, Threaded Fasteners, Washers & Spacers, and Others), End-use Industry (Automotive, Electrical & Electronics, Building & Construction, and Retail), and by Countries (Germany, UK, France, Russia, Italy, and Rest of Europe) – Europe Forecast to 2028.”, which offers a holistic view of the Europe plastic fasteners market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2019–2023) is projected to be over US$ 6.5 Bn, which is estimated to increase considerably over the latter part of the five-year forecast period.
Plastic fasteners are extensively used in manufacturing and automotive industries owing to its light weight, durability, chemical resistant, and other properties. Plastic fasteners are used as alternative for various plastic parts such as screws & bolts, nuts, threaded rods, washers, shoulder washers, screw insulators & spacers and others.
Browse the full “Europe Plastic Fasteners Market by Product Type (Rivets & Push-in Clips, Cable Clips & Ties, Threaded Fasteners, and Others), End-use Industry (Automotive, Electrical & Electronics, Building & Construction, and Retail), and Europe Forecast to 2028” report at https://marketresearch.biz/report/europe-plastic-fasteners-market/
Europe Plastic Fasteners Market: Market Dynamics
Plastic fasteners are used in wide range of applications that require easy installation or removability. Growing demand for plastic fasteners in various end-use industries owing to its properties such as lightweight and cost effectiveness is a major factor driving growth of the target market. Rising use of plastic fasteners in construction industry due to its durability, chemical resistant, and other properties is another factor expected to drive growth of the target market in the next coming years. Additionally, growing demand for automobiles owing to rising income levels and changing lifestyle of consumers is expected to boost production rate of automobiles, and in turn drive growth of the Europe plastic fasteners market over the forecast period. Governments of various countries are focusing on improving safety and related features in cars and other commercial vehicles through mandatory regulations and norms.
However, fluctuating raw material prices and high competition are some factors expected to hamper growth of the Europe market over the forecast period.
Government of some countries offer various subsidies in order to support production of electric and hybrid cars is a factor expected to create lucrative opportunities for prominent players operating in the market.
Europe Plastic Fasteners Market: Market Forecast
The comprehensive research report comprises a complete forecast of the Europe plastic fasteners market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the Europe plastic fasteners market is expected to expand at a moderate CAGR of 5.8% during the forecast period.
Europe Plastic Fasteners Market: Segmental Snapshot
The market report has been segmented on the basis of product type, end-use industry, and countries. The product type segment includes rivets & push-in clips, cable clips & ties, threaded fasteners, washers & spacers, and others. The end-use industry segment includes automotive, electrical & electronics, building & construction, and retail. The countries covered in the analysis are Germany, UK, France, Russia, Italy, and Rest of Europe.
By Product Type: The threaded fasteners segment accounted for highest revenue share contribution followed by rivets & push-in clips segment, and is expected to maintain its dominance over the forecast period. The rivets & push-in clips segment is projected to register highest CAGR of over 6% over the forecast period.
By End-use Industry: The automotive segment accounted for highest revenue share contribution and is expected to maintain its dominance over the forecast period. The automotive segment is projected to register highest CAGR of over 5.8% over the forecast period.
By Countries: The market in Germany accounted for highest revenue share in the Europe plastic fasteners market in 2019 whereas the Europe market is projected to register highest CAGR of over 6% over the forecast period.
Europe Plastic Fasteners Market: Competitive Analysis
The research report on the Europe plastic fasteners market includes profiles of some of major companies such as Illinois Tool Works Inc., A Raymond Fasteners India Pvt. Ltd., Nippon Industrial Fastener Corporation (NIFCO), Stanley Black & Decker, Inc., Bossard Group, Avery Dennison Corporation, MW Industries, Inc., Micro Plastics International, Ltd. (MPI, Ltd.), Mouser Electronics, Inc. (Techtronic Industries Co. Ltd.), and TEI Fasteners, Inc.
The Europe Plastic Fasteners Market: Europe Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the Europe plastic fasteners market for 2019–2028.
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