EuroWire January 2023

Corporate News

Automotive fasteners market to reach $26.27bn by 2028

Other markets segments include propul sion type (internal combustion engine and electric vehicles), function (detach able and non-detachable) and material (aluminium, steel, iron, plastic and brass). The largest growth region is expected to be Asia Pacific, which will account for the greatest share of the market because of the increase in the sale of vehicles all over the region. A rise in demand for fuel-efficient vehicles across the Asia Pacific region will drive the market for automotive fasteners. The increase in the sale of aftermarket vehicle fasteners has also boosted demand. Brandessence Market Research and Consulting https://brandessenceresearch.com In addition to threads, VisionLab measures all profile features, including GD&T characteristics. An optional “end view” inspection meas ures and detects defects on both ends of parts, including features such as re cesses, inner/outer diameters, through holes and counterbores. Surface con trol – also optional – is used to detect visual defects, such as bad plating and thread patch presence/quality, as well as measuring knurl width, gap and height. Optional slewing optics automatically tilt for an enhanced view into the radius of the threads to measure root radii and pitch diameter. An upper tooling and bit kit are available as options for uneven parts or parts with a recess drive. For time savings, traceability and remov ing error, VisionLab creates thorough customised reports with graphs and data charts, which can also be uploaded to third party SPC packages. General Inspection, LLC https://geninsp.com

Brandessence Market Research has re ported that the automotive fasteners market, valued at US$21.62bn in 2021, is expected to reach $26.27bn by 2028, with a CAGR of 2.82 per cent over the forecast

period. The automotive fasteners market, including nuts, screws, bolts, spring clips, retainers and washers, has been seg mented by fastener type into threaded and non-threaded. By vehicle type, the

market has been segmented into commercial vehicles and passenger cars. The threaded fastener seg ment is expected to be re sponsible for the majority of the share of the market and will dominate in the coming years. Threaded fasteners find extensive application in the disassembly and assembly of multiple component parts of any vehicle. The growth in demand for lightweight vehicles will pro vide opportunities.

Photo by Dan Cristian Pădureț on Unsplash

Non-contact gauging system to measure high/low threads

Greg Nygaard, General Inspection VP sales and marketing, said, “By popular demand, we’ve added a tool to our VisionLab system to make measuring high/low threads as simple as a press of a button.” VisionLab allows manufacturers and distributors to measure all critical part features in less than five seconds.

General Inspection has added a new high/ low thread measuring algorithm to its VisionLab 3D fastener gauging system. VisionLab’s thread measurement capa bilities include all pertinent system-22 requirements, lobular shaped threads, and now a specific algorithm for high/low threads.

VisionLab now includes the ability to check high/low threads

EF 4/44

www.read-eurofasteners.com

January 2023

Made with FlippingBook Digital Publishing Software