Screw, Nut & Bolt Manufacturing in the US
The Screw, Nut and Bolt Manufacturing industry has benefited from improved industrial production and construction activity over the past five years. Revenue from generic fastening products has been falling due to product standardization, with increasing competition from low-cost, low-priced imports produced in China and elsewhere. In contrast, the precision fastening products segment has been growing steadily, and its sales are becoming more significant to the overall performance of the industry. Precision-turned products are high in demand in the automotive industry, as well as for aerospace, medical manufacturing and other applications. Going forward, the industry is expected to benefit from persistent demand for fasteners by downstream markets and from rising world steel prices. However, despite being expected to decline slightly in the five years to 2021, imports are likely to pose a threat to the domestic provision of generic fasteners.
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.