Screw, Nut & Bolt Manufacturing in the US
Over the five years to 2019, 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. Industry revenue is also influenced by the price of key inputs, such as steel and other metals. Fluctuations in the price of raw materials can generally be passed on to customers in the form of higher product prices, raising industry revenue. In addition, rising steel prices generally reflect rebounding demand from heavy manufacturing and utilities construction markets, both of which are key markets for industry products. Overall, industry revenue is anticipated to decrease during the current period. Industry growth trends are forecast to reverse over the five years to 2024, as revenue is forecast to increase. Expanding industrial production and growing demand from aerospace markets are projected to benefit the industry during the outlook period.
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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