Japan Automotive Plastic Fasteners Market Outlook (2018 to 2032)

Year Value
2018 0.52
2019 0.58
2020 0.65
2021 0.73
2022 0.82
2023 0.92
2024 1.02
2025 1.15
2026 1.28
2027 1.43
2028 1.6
2029 1.79
2030 2.0
2031 2.24
2032 2.5
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Japan Automotive Plastic Fasteners Market Outlook (2018 to 2032)

Synopsis
The above chart is Japan Automotive Plastic Fasteners Market Outlook (2018 to 2032)

Market Dynamics

the japan automotive plastic fasteners market has seen steady growth in the recent years, and is expected to continue its growth throughout the next decade. automotive plastic fasteners are extensively used in the automobile industry and help in providing strength and protection to vehicles, which increases their performance and reliability. the increasing demand for lighter and efficient vehicles has compelled the automakers to switch to plastic fasteners, since plastic has better strength-to-weight ratio than other metals. japan is the third largest automobile producer in the world and the number of vehicles sold in the country is expected to increase. this factor will further drive the demand for automotive plastic fasteners in the japanese market. various government regulations and standards in japan related to automotive designs and safety features has raised the demand for automotive plastic fasteners. automakers are also focusing on improving the overall fuel efficiency, which is expected to increase the use of plastic fasteners. furthermore, increasing use of modern technologies like automotive design engineering that requires superior quality of fastening parts is expected to further bolster the demand in the forecast period. apart from that, oems are concentrating on the pent up demand of the asian region that will help in driving the market in japan. furthermore, the ever-steady export of automobiles from japan to other countries is also expected to have positive effect on the demand of automotive plastic fasteners in the country. in the coming years, reversed engineering techniques, quality process and increased automation of the production process are expected to drive the market even further. furthermore, advancements in the production processes of plastic fasteners and a surge in the number of vehicles sold in the country are expected to contribute to the market demand in the forecast period.

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