South Africa Automotive Plastic Fasteners Market Outlook (2018 to 2032)
Synopsis
The above chart is South Africa Automotive Plastic Fasteners Market Outlook (2018 to 2032)
Market Dynamics
south african automotive plastic fasteners market is on a positive outlook for the forecasted period 2018-2032. this market is driven by factors such as advancements in automotive technology, increasing vehicle production, and the manufacturing of electric vehicles. moreover, the growing rate of plastic in automotive industry, its low price and lightweight nature further propel the demand for plastic fasteners for automotive applications. owing to its low cost and lightweight properties, automakers have shifted their focus to plastic fasteners from metal fasteners like rivets and bolts for the automotive application. plastic fasteners have become more important in the automotive industry than ever due to their superior chemical resistance and mechanical properties. these fasteners are used in automotive parts for applications such as engine mounts, radiator support bracket, and fuel pump. in terms of manufacturing, casting machines are used to make the plastic fasteners and then the plastic fasteners are inserted into the automotive parts. in terms of product, the south african automotive plastic fasteners market is segmented into clips, buckles, spring action fasteners, and others. clips are the most widely used plastic fasteners, due to their easy use and availability in different sizes. furthermore, clips are commonly used in applications like interior and exterior trim, fan shrouds, and under-hood application. spring action fasteners are also gaining traction because of their cost effective solution for industrial applications. in terms of application, the south african automotive plastic fasteners market is segmented into body and chassis, electricals, interior, and others. the body and chassis application segment is dominating the market because it includes a range of applications from door locks to interior trim panels. in addition, plastic fasteners in this segment are resistant to water, heat, electricity and chemical, which make them a suitable solution in automotive applications. overall, the south african automotive plastic fasteners market is estimated to have a positive growth outlook particularly due to increased demand for lightweight and economical solutions in the automotive industry over the forecast period.