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5 Reasons Why Photo Booth is the Best Selfie Option

Posted by Caleb Hills on April 13, 2021 at 8:25am 0 Comments

In the ever-changing world of smartphones with killer cameras, one might wonder the use of Photo Booth in wedding or events. But believe it or not, the quality of selfies you can get on a photo booth uae will not even match your 48 MP phone camera.

Here are the top 5 reasons why photo booths are the…

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Global oscilloscope market s

Posted by ashwini ramkrisna ahirrao on April 13, 2021 at 8:25am 0 Comments

Global oscilloscope market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during forecast period.

Global Oscilloscope Market

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The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

Global oscilloscope market…

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Technical Insulation Market is ready to witness value of USD 10.43 billion with CAGR of 4.10% by 2027

Posted by Divya Deshmukh on April 13, 2021 at 8:24am 0 Comments

Market Analysis and Insights: Global Technical Insulation Market…

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Automotive Fasteners Industry Size, Share, Trend and Growth Forecast to 2023

Automotive Fasteners Market:

Automotive fasteners are components used in assembling a vehicle in the production line. The choice of the right fasteners and emphasis on safety are likely to trigger its demand among automotive manufacturers. The global automotive fasteners market report by Market Research Future (MRFR) contains valuable insights gleaned through painstaking efforts by analysts and identification of trends, drivers, and challenges for the period of 2018 to 2023 (forecast period). The sudden outbreak of the COVID-19 virus and its impact on the industry are analyzed in granular detail.

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Market Scope

The global automotive fasteners industry is expected to rise at a CAGR of 4.5% over the forecast period. The surge in vehicle production, focus to lightweight vehicles, and use of infotainment systems, telematics, and ignition can induce the need for fasteners. The rise of injection molding and use of plastic components to lower vehicle weight can bolster the market demand exponentially. Resistance to corrosion, salt, and climatic conditions are likely features enticing its use in commercial and passenger vehicles.

The use of plastic fasteners due to the need for reducing vehicle weight and eschew the usage of stainless steel and nickel can fuel the market growth. Removable fasteners are likely to be in huge demand due to the corrosive nature of bolts, studs, and nuts and the frequent need to replace it.

Segmentation

Global automotive fasteners market is segmented on the basis of type, material, distribution channel, and end-use.

On the basis of type, the market has been divided into threaded and non-threaded.

On the basis of material, the market has been segmented into nickel, iron, aluminum, stainless steel, and others. The stainless steel segment is likely to garner huge revenues owing to its application in engine parts, door panels, and airbag housings.

On the basis of distribution channel, the market has been segmented into OEM and aftermarket. The aftermarket channel can dominate the market owing to car manufacturers doling out similar components for refurbishment of old and legacy cars. In addition, the market for used cars is likely to be a new revenue pocket for the segment and the global automotive fasteners.

On the basis of end-use, the market has been segmented into permanent, semi-permanent, and removable.

Regional Analysis

Geographically, the global automotive fasteners market has been segmented into the four major regions of North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

The global automotive fastener market in APAC is expected to grow during the forecast period followed by Europe. Developing countries such as China, India and Japan are major hubs for automotive industry which can boost the market growth share for APAC. Growing automotive fasteners sales in the aftermarket will further enhance the sales. Regulations for lightweight components and emphasis on safety of passengers are expected to facilitate market growth till 2023.

In Europe, the increased manufacturing of vehicles is expected to increase the demand for automotive fasteners which will enhance the market in the future. The presence of prominent manufacturers, supportive regulations, establishment of new emission and safety standards, and pacts for creating safe cars can bode well for the market.

Competitive Outlook

Atotech, Westfield Fasteners Limited, Bulten AB, Jiangsu Xing Chang Jiang International Co., Ltd., Permanent Technologies Inc., The Phillips Screw Company, Shamrock International, Shanghai Tianbao Fastener Manufacturing Co., Ltd., Nifco Inc., and KOVA Fasteners Pvt Ltd are key players of the global automotive fasteners market. The high competition among players has led to them innovating in fasteners to attain a larger share of the automotive fasteners market share till 2023.

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About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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