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World Industrial Fasteners


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World sales to climb 5.2% annually through 2016
Global sales of industrial fasteners are expected to climb 5.2 percent per year to $82.9 billion in 2016, accelerating from the 2006-2011 rate of market expansion. The economies of many countries around the world will continue to recover from the global recession of 2009, spurring growth in durable goods output, which largely determines worldwide fastener sales. In 2011, motor vehicle original equipment manufacturing was the largest market for industrial fasteners, and this market will post the biggest gains through 2016 in value terms. Also, an acceleration in manufacturing output and fixed investment spending will lead to increased demand for fasteners used in machinery. However, intensifying competition from alternative joining technologies (such as adhesives) will restrain fastener sales increases in some market segments.

Asia/Pacific region to record strongest demand gains
The Asia/Pacific region will record the strongest demand gains from 2011 to 2016, averaging 7.4 percent per year. This expansion will be driven primarily by the strong Chinese market, which will continue to advance at a rapid pace despite moderating from the 2006-2011 period. Rising demand in the smaller Indian market will complement these gains, as sales in this country will climb at the most rapid pace worldwide in percentage terms through 2016. Ongoing growth in the durable goods manufacturing sectors in these nations, along with the continuing need for new and improved components of infrastructure, will foster these large gains in industrial fastener demand. Additionally, sales of fasteners in other developing areas of the world will advance at a healthy pace.

Gains in industrial fastener demand in the world’s highly developed economies -- namely, the US, Western Europe, and Japan -- were much slower than in industrializing countries between 2006 and 2011, and sales advances in most developed nations will continue to be subpar through 2016. Since the durable goods manufacturing sectors in these areas are mature, there will be fewer growth prospects for fastener suppliers. However, recoveries in motor vehicle production and construction expenditures following a period of decline will result in more rapid fastener sales gains going forward.

Developed countries to remain major aerospacegrade fastener suppliers
In the production of fasteners, foreign multinationals will continue to establish new facilities in China and other rapidly industrializing nations to take advantage of lower manufacturing costs for lowerend fastener products. However, the US, Western Europe, and Japan will continue to be major suppliers of aerospace-grade fasteners due to their long traditions of high-tech manufacturing.

Externally threaded types to post largest value gains
Standard externally threaded fasteners represented over one-half of the market total for industrial fasteners in 2011 and will post the largest value gains through 2016, supported by a pickup in production of a wide range of durable goods. However, the strongest growth in percentage terms will be registered by nonthreaded fasteners, bolstered by increased investment in infrastructure in many developing nations, and increased manufacturing of larger capital goods, that tend to use nonthreaded fasteners for secure, permanent joints.


PRESS RELEASE

World Demand for Industrial Fasteners to Approach $83 Billion in 2016

Global sales of industrial fasteners are expected to climb 5.2 percent per year to $82.9 billion in 2016, accelerating from the 2006-2011 rate of expansion. The economies of many countries around the world will continue to recover from the global recession of 2009, spurring growth in durable goods output, which largely determines worldwide fastener sales. In 2011, motor vehicle original equipment manufacturing was the largest market for industrial fasteners, and this market will post the largest gains through 2016 in value terms. Also, accelerations in manufacturing output and fixed investment spending will lead to increased demand for fasteners used in machinery. However, intensifying competition from alternative joining technologies (such as adhesives) will restrain fastener sales increases in some market segments. These and other trends are presented in World Industrial Fasteners, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.

The Asia/Pacific region will record the fastest demand gains from 2011 to 2016, averaging 7.4 percent per year. This expansion will be driven primarily by the strong Chinese market, which will continue to advance at a rapid pace despite moderating from the 2006-2011 rate. Rising demand in the smaller Indian market will complement these gains, as sales in this country will climb at the most rapid pace worldwide through 2016. Ongoing growth in the durable goods manufacturing sectors in these nations, along with the continuing need for new and improved components of infrastructure, will stimulate large gains in industrial fastener demand. Sales of fasteners in other developing areas of the world will generally advance at a healthy pace.

Increases in industrial fastener demand in the world’s highly developed economies -- namely, the US, Western Europe, and Japan -- were much slower than in industrializing countries between 2006 and 2011, and sales gains in most developed nations will continue to be subpar through 2016. Since the durable goods manufacturing sectors in these areas are mature, there will be fewer growth opportunities for fastener suppliers. However, recoveries in motor vehicle production and construction expenditures following a period of decline will result in faster fastener market advances going forward.

  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table World Industrial Fastener Demand (million dollars)
  • MARKET ENVIRONMENT
    • General
    • World Economic Overview
      • Recent Historical Trends
      • World Economic Outlook
        • Table World Gross Domestic Product by Region (billion 2010 dollars)
    • World Gross Fixed Investment Outlook
      • Table World Gross Fixed Investment by Region (billion 2010 dollars)
    • World Manufacturing Outlook
      • Table World Manufacturing Value Added by Region (billion 2010 dollars)
    • World Motor Vehicle Production Outlook
      • Table World Motor Vehicle Production by Type & Region (thousand units)
    • World Aerospace Equipment Production Outlook
      • Table World Aerospace Equipment Shipments by Region (billion dollars)
    • Pricing Patterns
      • Table World Industrial Fastener Price Deflators (2010=100)
    • Technology
      • Basic Industrial Fastener Technology
      • New Fastening Technologies
      • Plastic Fasteners
        • Table World Plastic Fastener Demand (million dollars)
      • Competitive Joining Technologies
    • Legal & Regulatory Environment
  • WORLD SUPPLY & DEMAND
    • General
    • Regional Overview
      • Demand
        • Table World Industrial Fastener Demand by Region (million dollars)
      • Production
        • Table World Industrial Fastener Shipments by Region (million dollars)
      • International Trade
        • Table World Industrial Fastener Net Exports by Region (million dollars)
    • Demand by Product
      • Table World Industrial Fastener Demand by Product (million dollars)
      • Standard Fasteners
        • Table World Externally Threaded Fastener Demand by Region (million dollars)
        • Table World Internally Threaded Fastener Demand by Region (million dollars)
        • Table World Nonthreaded Fastener Demand by Region (million dollars)
        • Table World Application-Specific Fastener Demand by Region (million dollars)
      • Aerospace-Grade
        • Table World Aerospace-Grade Fastener Demand by Region (million dollars)
    • Demand by Market
      • Table World Industrial Fastener Demand by Market (million dollars)
      • Original Equipment Manufacturing
        • Table World OEM Motor Vehicle Fastener Demand by Region (million dollars)
        • Table World OEM Machinery Fastener Demand by Region (million dollars)
        • Table World OEM Electrical & Electronic Equipment Fastener Demand by Region (million dollars)
        • Table World OEM Fabricated Metal Fastener Demand by Region (million dollars)
        • Table World OEM Aerospace Equipment Fastener Demand by Region (million dollars)
        • Table World Demand for Industrial Fasteners Used in Other OEM Applications by Region (million dollars)
      • Maintenance/Repair/Operations
        • Table World Maintenance/Repair/Operations Fastener Demand by Region (million dollars)
      • Construction
        • Table World Construction Fastener Demand by Region (million dollars)
  • NORTH AMERICA
    • North America: General
    • North America: Industrial Fastener Supply & Demand
      • Table North America: Industrial Fastener Supply & Demand (million dollars)
    • North America: Industrial Fastener Outlook & Suppliers
      • Table North America: Industrial Fastener Demand by Product & Market (million dollars)
    • United States
      • Table United States: Industrial Fastener Supply & Demand (million dollars)
      • Table United States: Industrial Fastener Demand by Product & Market (million dollars)
    • Canada
      • Table Canada: Industrial Fastener Supply & Demand (million US dollars)
      • Table Canada: Industrial Fastener Demand by Product & Market (million US dollars)
    • Mexico
      • Table Mexico: Industrial Fastener Supply & Demand (million dollars)
      • Table Mexico: Industrial Fastener Demand by Product & Market (million dollars)
  • WESTERN EUROPE
    • Western Europe: General
    • Western Europe: Industrial Fastener Supply & Demand
      • Table Western Europe: Industrial Fastener Supply & Demand (million dollars)
    • Western Europe: Industrial Fastener Outlook & Suppliers
      • Table Western Europe: Industrial Fastener Demand by Product & Market (million dollars)
    • Germany
      • Table Germany: Industrial Fastener Supply & Demand (million dollars)
      • Table Germany: Industrial Fastener Demand by Product & Market (million dollars)
    • France
      • Table France: Industrial Fastener Supply & Demand (million dollars)
      • Table France: Industrial Fastener Demand by Product & Market (million dollars)
    • Italy
      • Table Italy: Industrial Fastener Supply & Demand (million dollars)
      • Table Italy: Industrial Fastener Demand by Product & Market (million dollars)
    • United Kingdom
      • Table United Kingdom: Industrial Fastener Supply & Demand (million dollars)
      • Table United Kingdom: Industrial Fastener Demand by Product & Market (million dollars)
    • Spain
      • Table Spain: Industrial Fastener Supply & Demand (million dollars)
      • Table Spain: Industrial Fastener Demand by Product & Market (million dollars)
    • Other Western Europe
      • Table Other Western Europe: Industrial Fastener Supply & Demand (million dollars)
      • Table Other Western Europe: Industrial Fastener Demand by Product & Market (million dollars)
      • Table Other Western Europe: Industrial Fastener Supply & Demand by Country (million dollars)
  • ASIA/PACIFIC
    • Asia/Pacific: General
    • Asia/Pacific: Industrial Fastener Supply & Demand
      • Table Asia/Pacific: Industrial Fastener Supply & Demand (million dollars)
    • Asia/Pacific: Industrial Fastener Outlook & Suppliers
      • Table Asia/Pacific: Industrial Fastener Demand by Product & Market (million dollars)
    • China
      • Table China: Industrial Fastener Supply & Demand (million dollars)
      • Table China: Industrial Fastener Demand by Product & Market (million dollars)
    • Japan
      • Table Japan: Industrial Fastener Supply & Demand (million dollars)
      • Table Japan: Industrial Fastener Demand by Product & Market (million dollars)
    • South Korea
      • Table South Korea: Industrial Fastener Supply & Demand (million dollars)
      • Table South Korea: Industrial Fastener Demand by Product & Market (million dollars)
    • India
      • Table India: Industrial Fastener Supply & Demand (million dollars)
      • Table India: Industrial Fastener Demand by Product & Market (million dollars)
    • Thailand
      • Table Thailand: Industrial Fastener Supply & Demand (million dollars)
      • Table Thailand: Industrial Fastener Demand by Product & Market (million dollars)
    • Taiwan
      • Table Taiwan: Industrial Fastener Supply & Demand (million US dollars)
      • Table Taiwan: Industrial Fastener Demand by Product & Market (million US dollars)
    • Australia
      • Table Australia: Industrial Fastener Supply & Demand (million US dollars)
      • Table Australia: Industrial Fastener Demand by Product & Market (million US dollars)
    • Other Asia/Pacific
      • Table Other Asia/Pacific: Industrial Fastener Supply & Demand (million dollars)
      • Table Other Asia/Pacific: Industrial Fastener Demand by Product & Market (million dollars)
      • Table Other Asia/Pacific: Industrial Fastener Supply & Demand by Country (million dollars)
  • OTHER REGIONS
    • Central & South America
      • Central & South America: Industrial Fastener Supply & Demand
        • Table Central & South America: Industrial Fastener Supply & Demand (million dollars)
      • Central & South America: Industrial Fastener Outlook & Suppliers
        • Table Central & South America: Industrial Fastener Demand by Product & Market (million dollars)
      • Brazil
        • Table Brazil: Industrial Fastener Supply & Demand (million dollars)
        • Table Brazil: Industrial Fastener Demand by Product & Market (million dollars)
      • Other Central & South America
        • Table Other Central & South America: Industrial Fastener Supply & Demand (million dollars)
        • Table Other Central & South America: Industrial Fastener Demand by Product & Market (million dollars)
    • Eastern Europe
      • Eastern Europe: Industrial Fastener Supply & Demand
        • Table Eastern Europe: Industrial Fastener Supply & Demand (million dollars)
      • Eastern Europe: Industrial Fastener Outlook & Suppliers
        • Table Eastern Europe: Industrial Fastener Demand by Product & Market (million dollars)
      • Russia
        • Table Russia: Industrial Fastener Supply & Demand (million dollars)
        • Table Russia: Industrial Fastener Demand by Product & Market (million dollars)
      • Poland
        • Table Poland: Industrial Fastener Supply & Demand (million dollars)
        • Table Poland: Industrial Fastener Demand by Product & Market (million dollars)
      • Other Eastern Europe
        • Table Other Eastern Europe: Industrial Fastener Supply & Demand (million dollars)
        • Table Other Eastern Europe: Industrial Fastener Demand by Product & Market (million dollars)
        • Table Other Eastern Europe: Industrial Fastener Supply & Demand by Country (million dollars)
    • Africa/Mideast
      • Africa/Mideast: Industrial Fastener Supply & Demand
        • Table Africa/Mideast: Industrial Fastener Supply & Demand (million dollars)
      • Africa/Mideast: Industrial Fastener Outlook & Suppliers
        • Table Africa/Mideast: Industrial Fastener Demand by Product & Market (million dollars)
      • Turkey
        • Table Turkey: Industrial Fastener Supply & Demand (million dollars)
        • Table Turkey: Industrial Fastener Demand by Product & Market (million dollars)
      • Iran
        • Table Iran: Industrial Fastener Supply & Demand (million dollars)
        • Table Iran: Industrial Fastener Demand by Product & Market (million dollars)
      • Other Africa/Mideast
        • Table Other Africa/Mideast: Industrial Fastener Supply & Demand (million dollars)
        • Table Other Africa/Mideast: Industrial Fastener Demand by Product & Market (million dollars)
        • Table Other Africa/Mideast: Industrial Fastener Supply & Demand by Country (million dollars)
  • INDUSTRY STRUCTURE
    • General
    • Industry Composition
      • Table Industrial Fastener Sales for Selected Manufacturers, 2011 (million dollars)
    • Market Share
    • Product Development & Manufacturing
    • Marketing & Distribution
    • Cooperative Agreements
      • Table Selected Cooperative Agreements
    • Financial Requirements
    • Mergers & Acquisitions
      • Table Selected Acquisitions & Divestitures
    • Company Profiles
      • Acument Global Technologies Incorporated
      • Agrati (A.) SpA
      • Alcoa Incorporated
      • Altenloh, Brinck & Company KG
      • Aoyama Seisakusho Company Limited
      • Böllhoff (Wilhem) GmbH & Company KG
      • Changshu Standard Parts Factory
      • Chun Yu Group
      • Ciser Parafusos e Porcas
      • Doncasters Group Limited
      • EJOT Holding GmbH & Company KG
      • FinnvedenBulten AB
      • Fontana Luigi SpA
      • Fuserashi Company Limited
      • Gem-Year Industrial Company Limited
      • Hilti AG
      • Ifastgroupe
      • Illinois Tool Works Incorporated
      • Infastech
      • KAMAX-Werke Rudolf Kellermann GmbH & Company KG
      • Koninklijke Nedschroef Holding NV
      • Link Solutions for Industry
      • MacLean-Fogg Company
      • Meira Corporation
      • NHK Spring Company Limited
      • Nippon Industrial Fastener Company
      • Nitto Seiko Company Limited
      • PennEngineering & Manufacturing Corporation
      • Piolax Incorporated
      • Precision Castparts Corporation
      • Raymond (A.) Group
      • Ruia Global Fasteners AG
      • Saga Tekkosho Company Limited
      • SFS Holding AG
      • Shanghai Prime Machinery Company Limited
      • Stanley Black & Decker Incorporated
      • Sugiura Seisakusho Company Limited
      • Taeyang Metal Industrial Company Limited
      • Tong Hwei Enterprise Company Limited
      • TRW Automotive Holdings Corporation
      • Vossloh AG
      • Würth (Adolf) GmbH & Company KG
    • Additional Companies Mentioned in Study

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