Screw, Nut & Bolt Manufacturing in Canada
Over the five years to 2019, the Screw, Nut and Bolt Manufacturing industry has ended its decade-long revenue decline on account of rising exports and robust downstream demand. Over the five years to 2024, the industry is expected to decline due to the continuation of unfavourable trends in international trade. More affordable products manufactured abroad will continue to capture a larger share of domestic demand, simultaneously undermining the competitiveness of industry exports abroad. Nonetheless, continued growth in domestic downstream markets will provide the industry with a lifeline, limiting the extent of revenue decline.
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 widermarket. 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.
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