A fastener is a hardware used for mechanically joining two or more objects together, they are used to create non-permanent joints which can be removed or dismantled without damaging the joining components. The power and reliability of an automobile engine rely greatly on the quality and strength of its fastener as the piston moves at speeds high enough to damage many adjoining components and the series of fasteners are the only thing that keeps the engine together, stating the importance of high-quality fasteners for engines.

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Reasons for the growth of engine fasteners in the APAC region:

With the rising per capita GDP of the countries in the Asia Pacific, improving the standard of living and increasing discretionary income of people, is driving consumption in these countries, and the automobile sector is the biggest beneficiary of this trend as what’s happened in the past in developed economies. Furthermore, governments increasing investments in the infrastructure of the countries in emerging economies are high to accelerate their economic growth, the demand for commercial vehicles is accelerating which have extensive use of engine fasteners in them as compared to passenger vehicles. Furthermore, governments’ stringent laws for curtailing tailpipe emissions are forcing manufacturers to develop more efficient and sophisticated engine technologies which will require more advanced and durable engine fasteners which are also lightweight, presenting an opportunity for increasing the product portfolio of engine fasteners for the manufacturers by experimenting with different materials in order to make the vehicle lightweight which is one of the major trend going on in the automobile sector as lightweighting vehicle increases its fuel efficiency and decreases the emissions. For instance, on October 2022, The US Department of Energy (DOE) Vehicle Technologies Office announced that it will select five industry-led research and development projects to develop lightweight materials to improve the energy efficiency of new energy vehicles. The selected projects will be granted financial support of up to $500,000, as well as technical assistance from the partnering national laboratory, over a maximum project time of 2 years.

                                           APAC Engine Fastener Market Revenue (2020-2030)- USD Mn

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For a detailed analysis of the Global Engine Fastener Market browse through – https://univdatos.com/report/engine-fastener-market/

Based on type, the market is segmented into bolt & nut, screw, and stud. Out of all, bolt & nut holds the significant market share owing to the fact that rod bolts are one of the most crucial types of fasteners used in engines, as are capable of absorbing higher reciprocating stress, force generated by moving pistons, and handling flexibility of connecting rods. Moreover, the head bolts that are used on the engine head gasket are responsible for applying necessary clamping force and are capable of enduring extremely high amounts of mechanical stress.

Based on material, the market is segmented into steel, aluminum alloy, nickel cobalt alloy, titanium alloy, and others. Out of all this, steel is the most widely used material for engine fasteners constituting nearly 90% of all fasteners produced annually owing to their properties like the high degree of formability, high tensile strength, durability coupled with corrosion resistance, and high strain resistance.

Global Engine Fastener Market Segmentation

Market Insight, by Type

  • Bolt & Nut
  • Screw
  • Stud

Market Insights, by Material

  • Steel
  • Aluminum alloy
  • Nickel cobalt alloy
  • Titanium alloy
  • Others

Market Insights, by Thread Type

  • Rolled thread fastener
  • Cut thread fastener

Market Insights, by Vehicle Type

  • Passenger vehicle
  • Commercial vehicle

Market Insight, by Region

  • North America U.S.
  •  Canada
  •  Rest of North America
  • EuropeGermany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
  • APAC China
  • Japan
  • India
  • South Korea
  • Rest of APAC
  • Rest of the World

Top Company Profiles

  • MacLean-Fogg
  • Chicago Nut & Bolt
  • Tachart Ltd
  • THE PHILLIPS SCREW COMPANY
  • Garton Ltd
  • A&A Manufacturing
  • Wagner Tuning Ltd
  • Anglian Fasteners Ltd
  • OptiTorque Technologies LLC
  • Fastco Industries, Inc