Screw, Nut & Bolt Manufacturing in Canada
Over the five years to 2017, the Screw, Nut and Bolt Manufacturing industry has ended its decade-long revenue decline on account of rising exports and robust downstream demand. However, the negative effects of international fastener manufacturing have continued to wreak havoc on the industry. Imports from Taiwan and China have risen because of their ability to produce generic fasteners with lower labour costs. Likewise, these imports have negatively affected the performance of the industry's products abroad. In the five years to 2022, the industry is expected to continue its growth at a slower pace.
This industry manufactures metal-fastening products that can be divided into two groups. Precision-fastening products are custom made for a particular project or customer. Alternatively, metal bolt, nut, screw, rivet, washer and industrial-fastening products are fabricated to an industry standard and are designed for the wider market. This industry does not manufacture plastic-fastening products.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook