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Industrial Fasteners


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Industrial Fasteners

US demand to rise 4.3% annually through 2017

US demand for industrial fasteners is forecast to increase 4.3 percent per year to $14.8 billion in 2017. This considerable improvement from the performance registered during the 2007 to 2012 period will be driven by improved outlooks in a majority of the industries in which industrial fasteners are utilized. Sales growth will be supported by rebounding levels of motor vehicle manufacturing, along with rising aerospace equipment and machinery shipment levels. Fastener producers will also benefit from renewed strength in both construction activity and fixed investment spending. In addition, gains will be bolstered by fastener manufacturers offering highly engineered, advanced fastener products that can be sold at a premium. On the other hand, demand will be held back by competition from producers in lower-cost regions, and from moderating raw material costs, both of which will serve to restrict industrial fastener price increases. Furthermore, these products will continue to face competition in a number of applications from alternative joining technologies, such as adhesives, clinching, and welding.

Motor vehicle market to post above-average growth

The large US motor vehicle market for industrial fasteners is expected to post above-average yearly growth through 2017. This will be a major improvement from the lack of sales gains experienced from 2007 to 2012. Market expansion will be the result of modest annual increases in motor vehicle production through 2017, a major turn-around from the output declines posted during the 2007 to 2012 period. In many cases, motor vehicle manufacturers will continue attempts to decrease the number of fasteners per vehicle in order to reduce weight and simplify production. However, fastener producers will find opportunities for growth by offering lighter and more durable product designs, as well as fasteners specifically for the increasing electric and hybrid vehicle market.

Standard fasteners to outpace aerospace-grade

The market for standard fasteners is expected to outpace aerospace-grade fastener sales through 2017. This will largely be a reflection of the improved conditions in the motor vehicle market, which uses primarily standard fasteners. Externally threaded and application specific standard fasteners will post the fastest gains through 2017, although the outlook is positive for every major product category. While not forecast to match standard products, aerospace-grade fastener sales will fare better than they did during the 2007-2012 period.

Suppliers will benefit from increasing levels of commercial aircraft production. The growing use of composite materials in plane manufacturing will reduce the total number of fasteners required on a per plane basis in many cases, but this will be partially offset by sales of highervalue fastening products designed specifically for use with composites.

Imports to grow slightly faster than exports

Shipments of industrial fasteners from US manufacturers are forecast to slightly lag the rate of growth in domestic demand through 2017. Gains will be supported by improved market conditions and the reshoring of some fastener-using manufacturing operations. However, competition from foreign suppliers will remain intense. Import growth will narrowly outpace export growth through 2017, and the US trade deficit in industrial fasteners will expand.

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  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table INDUSTRIAL FASTENER SUPPLY & DEMAND (million dollars)
  • MARKET ENVIRONMENT
    • General
    • Economic Environment
      • Table MACROECONOMIC INDICATORS (billion 2005 dollars)
      • Cyclical Trends
        • Table INDUSTRIAL FASTENER DEMAND, 2002-2012
      • Long-Term Trends
    • Market Dynamics
      • OEM
        • Table MANUFACTURERS' SHIPMENTS (billion dollars)
      • MRO
        • Table PRIVATE FIXED INVESTMENT BY SECTOR (billion dollars)
      • Construction
        • Table CONSTRUCTION EXPENDITURES (billion dollars)
    • Pricing Patterns
      • Table INDUSTRIAL FASTENER PRICE DEFLATORS (2005=100)
    • Fastener Materials
      • Table INDUSTRIAL FASTENER DEMAND BY MATERIAL (million dollars)
      • Metals
      • Plastics
    • Technology
      • Basic Fastener Technology
      • Specialty Fasteners
      • New Fastening Technologies
      • Competitive Joining Technologies
    • Legal & Regulatory Environment
    • International Environment
      • World Supply & Demand
        • Table WORLD INDUSTRIAL FASTENER DEMAND BY REGION (billion dollars)
      • US Foreign Trade
        • Table US FOREIGN TRADE IN INDUSTRIAL FASTENERS (million dollars)
        • Table US INDUSTRIAL FASTENER IMPORTS BY SOURCE (million dollars)
        • Table US INDUSTRIAL FASTENER EXPORTS BY DESTINATION (million dollars)
  • PRODUCTS
    • General
      • Table INDUSTRIAL FASTENER SUPPLY & DEMAND (million dollars)
    • Standard Fasteners
      • Table STANDARD FASTENER SUPPLY & DEMAND (million dollars)
      • Externally Threaded
        • Table EXTERNALLY THREADED STANDARD FASTENER DEMAND (million dollars)
      • Internally Threaded
        • Table INTERNALLY THREADED STANDARD FASTENER DEMAND (million dollars)
      • Nonthreaded
        • Table NONTHREADED STANDARD FASTENER DEMAND (million dollars)
      • Application-Specific
        • Table APPLICATION-SPECIFIC STANDARD FASTENER DEMAND (million dollars)
      • Market Share
    • Aerospace-Grade Fasteners
      • Table AEROSPACE-GRADE FASTENER SUPPLY & DEMAND (million dollars)
      • Externally Threaded
        • Table EXTERNALLY THREADED AEROSPACE-GRADE FASTENER DEMAND (million dollars)
      • Internally Threaded
        • Table INTERNALLY THREADED AEROSPACE-GRADE FASTENER DEMAND (million dollars)
      • Nonthreaded
        • Table NONTHREADED AEROSPACE-GRADE FASTENER DEMAND (million dollars)
      • Market Share
  • MARKETS
    • General
      • Table INDUSTRIAL FASTENER DEMAND BY MARKET (million dollars)
    • Original Equipment Manufacturing
      • Table OEM INDUSTRIAL FASTENER DEMAND BY MARKET (million dollars)
      • Motor Vehicles
        • Table MOTOR VEHICLE INDICATORS
        • Table MOTOR VEHICLE FASTENER DEMAND (million dollars)
      • Machinery
        • Table MACHINERY SHIPMENTS (billion dollars)
        • Table MACHINERY FASTENER DEMAND (million dollars)
      • Aerospace
        • Table AEROSPACE EQUIPMENT SHIPMENTS (billion dollars)
        • Table AEROSPACE FASTENER DEMAND (million dollars)
      • Fabricated Metal Products
        • Table FABRICATED METAL PRODUCT SHIPMENTS (billion dollars)
        • Table FABRICATED METAL PRODUCT FASTENER DEMAND (million dollars)
      • Electrical & Electronic Products
        • Table ELECTRICAL & ELECTRONIC PRODUCT SHIPMENTS (billion dollars)
        • Table ELECTRICAL & ELECTRONIC PRODUCT FASTENER DEMAND (million dollars)
      • Furniture & Wood Products
        • Table FURNITURE & WOOD PRODUCT SHIPMENTS (billion dollars)
        • Table FURNITURE & WOOD PRODUCT FASTENER DEMAND (million dollars)
      • Other OEM Applications
        • Table OTHER OEM FASTENER DEMAND (million dollars)
    • Maintenance/Repair/Operations
      • Table MRO FASTENER DEMAND BY MARKET (million dollars)
      • Services
        • Table SELECTED SERVICE REVENUES (billion dollars)
        • Table SERVICE SECTOR FASTENER DEMAND (million dollars)
      • Industrial
        • Table INDUSTRIAL SECTOR OUTLOOK (billion dollars)
        • Table INDUSTRIAL SECTOR MRO FASTENER DEMAND (million dollars)
      • Public/Institutional Sector
        • Table GOVERNMENT SPENDING & INVESTMENT (billion dollars)
        • Table PUBLIC/INSTITUTIONAL SECTOR FASTENER DEMAND (million dollars)
    • Construction
      • Table CONSTRUCTION SECTOR FASTENER DEMAND (million dollars)
  • INDUSTRY STRUCTURE
    • General
    • Industry Composition
      • Table SELECTED US INDUSTRIAL FASTENER SALES BY COMPANY, 2012 (million dollars)
    • Market Share
    • Product Development & Manufacturing
      • Table CAPITAL SPENDING PATTERNS: SELECTED INDUSTRIAL FASTENER MANUFACTURERS, 2010-2012 (million dollars)
    • Marketing & Distribution
    • Cooperative Agreements
      • Table SELECTED COOPERATIVE AGREEMENTS
    • Financial Issues
      • Table COMPOSITE FINANCIAL RATIOS: SELECTED INDUSTRIAL FASTENER MANUFACTURERS*
    • Mergers, Acquisitions, & Industry Restructuring
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Company Profiles
      • Acument Global Technologies Incorporated
      • Alcoa Incorporated
      • Allfast Fastening Systems Incorporated
      • Anixter International Incorporated
      • Aoyama Seisakusho Company Limited
      • Berkshire Hathaway Incorporated
      • Cold Heading Company
      • Doncasters Group Limited
      • ERICO International Corporation
      • Fastenal Company
      • Federal Screw Works
      • Hilti AG
      • Ifastgroupe
      • Illinois Tool Works Incorporated
      • KAMAX-Werke Rudolf Kellermann GmbH & Company KG
      • Link Solutions for Industry
      • MacLean-Fogg Company
      • MNP Corporation
      • Nifco Incorporated
      • Nucor Corporation
      • Park-Ohio Holdings Corporation
      • PennEngineering & Manufacturing Corporation
      • Piolax Incorporated
      • Precision Castparts Corporation
      • Raymond (A.) Group
      • Rockford Products LLC
      • SFS Holding AG
      • Southco Incorporated
      • Stanley Black & Decker Incorporated
      • TriMas Corporation
      • TRW Automotive Holdings Corporation
      • Würth (Adolf) GmbH & Company KG

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