Screw, Nut & Bolt Manufacturing in the US
Over the five years to 2018, competition from substitute products, such as adhesives, and deteriorating demand from certain downstream markets have proven detrimental to the Screw, Nut and Bolt Manufacturing industry. Thus, over the five years to 2018, IBISWorld expects industry revenue to decline. Over the five years to 2023, the industry is forecast to stabilize. Revenue is expected to increase as industrial production and demand from aerospace markets continue to grow and the value of the US dollar depreciates. However, increased import penetration and rising input costs are anticipated to diminish industry profit.
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.
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