The Screw, Nut and Bolt Manufacturing industry produces vital inputs for an assortment of manufacturing and construction industries. Over the past five years, the recovery of residential and nonresidential construction, appliance production, automobile production and aircraft manufacturing has spurred revenue growth for operators. However, operating conditions, including extremely volatile metal input prices, and deteriorating demand from downstream markets have challenged the industry in recent years. Moving foward, growth will be driven by an increase in aircraft and automotive demand and foreign demand for precision products. The shift to precision products will also keep profit margins healthy despite rising imports and increasing saturation of the domestic and global market for 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.