Operators in the Screw, Nut and Bolt Manufacturing industry produce metal fastening products used across an assortment of manufacturing industries, such as aircraft, automobiles and appliances, as well as in various construction projects, such as bridges and buildings. Over the five years to 2017, competition from substitute products, such as adhesives, and deteriorating demand from certain downstream markets have proven detrimental to the industry. Additionally, volatile input prices have negatively influenced the industry as well. As a result, industry revenue contracted over the past five years. Moving forward, however, industry is forecast to stabilize as industrial production and demand from aircraft manufacturers continue to grow and the value of the US dollar depreciates.
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.