Automotive Plastic Fasteners Market Growth Insights: [7.74% CAGR] to 2028
The global automotive plastic fasteners market is undergoing substantial growth, driven by various factors such as the demand for lightweight vehicles, cost-effectiveness, and sustainability. According to TechSci Research, the market stood at USD 2.74 billion in 2022 and is projected to grow at a CAGR of 7.74% during the forecast period of 2024-2028. This report explores the key drivers, trends, regional dynamics, and competitive landscape shaping the market. Automotive Plastic Fasteners Market Drivers Demand for Lightweight Vehicles One of the primary drivers of the automotive plastic fasteners market is the increasing demand for lightweight vehicles. Automakers are continuously striving to reduce vehicle weight to enhance fuel efficiency and comply with stringent emission regulations. Plastic fasteners offer a viable alternative to traditional metal fasteners due to their lightweight nature, contributing to overall weight reduction. Cost-Effective...