Industrial Fasteners - UK - December 2015

Industrial Fasteners - UK - December 2015

“Automakers are taking measures to reduce the weight of vehicles with the drive to greater fuel efficiency. This has increased demand for more light-weight fasteners, with automotive manufacturers increasingly replacing steel fasteners with aluminium fasteners. This trend is set to continue to drive innovation in the fastener sector over the coming years.”

– Claudia Preedy - B2B analyst

This report will explore the following key questions with regard to the UK industrial fastener market:

How has the industrial fastener market performed over the last five years?
What are the growth prospects for the industrial fastener market over the next five years?
Which key end-use sectors are driving demand for industrial fasteners in the UK?
How have the key players in the industry performed financially in recent years?
What are the drivers for innovation in the industrial fastener sector?


EXECUTIVE SUMMARY
The market
Sales of industrial fasteners projected to fall by 1% in value terms in 2015, although volume demand
from key end-use industries is believed to have held up well
Figure 1: The UK market for industrial fasteners, 2011-15
UK market for industrial fasteners set for continued growth through to 2020
Figure 2: Forecast UK market for industrial fasteners, 2016-20
Industrial fastener market to benefit from increased investment in UK automotive and aerospace
industries
Increased construction and civil engineering activity to provide a positive impetus for industrial fastener
market
Figure 3: Forecast construction output in Great Britain, 2015-19
Market factors
Demand for fasteners boosted by strong growth in UK car production
Figure 4: UK car production, 2008-15
The construction industry is a further major area of demand for industrial fasteners
The UK has the second largest aerospace industry in the world
Developments in aerospace and automotive sectors drive innovation in the fastener sector
Figure 5: UK turnover of aerospace equipment, by sector, 2010-14
Companies
What we think
KEY INSIGHTS
How are developments in the automotive industry affecting demand for industrial
fasteners?
How is the drive towards more fuel-efficient aircraft affecting the fasteners industry? How
are fastener manufacturers innovating in response to this trend?
Is the aerospace equipment industry looking to form more collaborative relationships with
its supply chain?
Have recent anti-dumping measures for certain Chinese fasteners been effective?
INTRODUCTION
Definitions
Methodology
Abbreviations
Market positioning
UK ECONOMY
Overview
Figure 6: UK GDP quarterly development, 2003-15
Figure 7: UK GDP in economic downturns and recoveries since 1979
Inflation
Interest rates
House prices
Consumer spending
Manufacturing
Figure 8: UK output by industry, 2008-15
Business investment
Figure 9: UK GFCF 2003-15
Imports
Exports
MARKET FACTORS
MARKET SIZE AND SEGMENTATION
Key points
Market sizeError! Bookmark not defined.
Engineering sector overview
Positive outlook for UK engineering sector
Skills gap poses challenges to UK engineering industry
Industrial fasteners market factors
The EU stainless steel circumvention investigation was initiated in June 2012:
Market overview
Figure 10: The UK market for industrial fasteners, 2011-15
Market segmentation
Figure 11: UK apparent consumption of threaded and non-threaded fasteners, 2011-15
Figure 12: UK apparent consumption of threaded and non-threaded fasteners, 2011-15
Figure 13: UK market for fasteners, by type, 2011-15
Figure 14: UK market for fasteners, by type, 2015
MARKET TRENDS
Key points
Market trends
Aerospace industry trends
Shift towards composite materials in key engineering sectors drives innovation in fasteners
market
Potential of 3D-printing within fasteners sector
UK Housebuilding market trends
Figure 15: Residential property transactions in the UK, 2010-14
Seasonality of sales
Regional sales
Figure 16: Manufacturing businesses in the UK, by region, 2015
Figure 17: Manufacturing businesses in the UK, by region, 2015
Figure 18: Regional value of total new construction output, 2010-14
Distribution
SUPPLY SOURCES
Key points
Production
OverviewError! Bookmark not defined.
Figure 19: Production of industrial fasteners in the UK, 2011-15
Segmentation
Figure 20: Production of Industrial Fasteners in the UK, by Type, 2011-15
Imports
Overview
Figure 21: UK imports of threaded and non-threaded fasteners, 2011-15
Segmentation
Figure 22: Imports of Fasteners in the UK, by Type, 2011-15
Figure 23: Imports of Fasteners in the UK, by Type, 2011-15
Exports
Overview
Figure 24: UK exports of threaded and non-threaded fasteners, 2011-15
Segmentation
Figure 25: Exports of fasteners in the UK, by type, 2011-15
INDUSTRY STRUCTURE
Key points
Industry development
Figure 26: Analysis of the changes in the Structure of the UK fasteners and screw machine products
manufacturing industry, 2011-15
Structure by employment
Figure 27: Analysis of the employment structure of the UK fasteners and screw machine products
manufacturing industry, 2014 and 2015
Structure by turnover
Figure 28: Analysis of the financial structure of the UK fasteners and screw machine products
manufacturing industry, 2014 and 2015
COMPANY PROFILES
ALCOA FASTENING SYSTEMS
Figure 29: Financial Analysis of Alcoa Fastening Systems, 2010-14
LINREAD
Company Review and Outlook
Figure 30: Financial Analysis of Linread, 2010-14
AVDEL UK
Company Strategy and Outlook
Figure 31: Financial Analysis of Avdel UK, 2010-14
FORWARD INDUSTRIAL PRODUCTS GROUP
Company Strategy and Outlook
Figure 32: Financial Analysis of Forward Industrial Products Group, 2010-14
LONESTAR FASTENERS EUROPE (FORMERLY PRD FASTENERS)
Figure 33: Lonestar Fasteners Europe, 2009-13
SPS TECHNOLOGIES
Company Strategy and Outlook
Figure 34: Financial Analysis of SPS Technologies, 2010-14
TRIFAST
Company Strategy and Outlook
Figure 35: Financial Analysis of Trifast, 2011-15
DEMAND STRUCTURE
Key points
Automotive Sector
Figure 36: UK car production, 2008-15
Figure 37: UK car production by major manufacturers, 2014
Figure 38: UK commercial vehicle production, 2008-15
Figure 39: UK commercial vehicle production, 2008-15
Mechanical engineering
Figure 40: Analysis of Mechanical Engineering Output, by Type, 2010-14
Aerospace
Figure 41: UK Aerospace Equipment Turnover, 2010-14, (£ Billion at MSP)
Figure 42: UK Aerospace Equipment Turnover, 2010-2014
Figure 43: UK Aerospace Equipment Turnover, by Sector, 2010-14, (£ Billion at MSP)
Figure 44: UK Aerospace Equipment Turnover, by Sector, 2010-2014
£2 billion government investment to support UK aerospace manufacturing
Shipbuilding
Figure 45: Analysis of the Financial Structure of the Ship Building and Repair Industry, 2012-13
Railway engineering
Figure 46: Average age of rolling stock, by sector, 2011-15
Figure 47: Average age of rolling stock, by sector, 2011-15
Figure 48: Average Age of Rolling Stock, by Company, 2011-15
Figure 49: Number of passenger journeys, by sector, 2011-15
Figure 50: Share of passenger journeys, by sector, 2014/15
Figure 51: Distance covered by freight trains, 2011-15
Figure 52: Rolling Stock Parc, as of March 2014
Figure 53: Government railway funding, by type, 2011-15
Figure 54: Private investment in railways, by type, 2011-15
Building & construction
Figure 55: Construction output in Great Britain, by type, 2010-14
UK housebuilding
Figure 56: Housing completions in the UK, 1970-2015
Public sector non-residential construction
Figure 57: Long term trend in public non-residential construction activity in Great Britain, 1970-2014
Figure 58: Analysis of public sector non-residential construction output in Great Britain, 2010-14
Figure 59: Analysis of public sector non-residential construction in Great Britain, by type, 2010-14
Health
Education
“Other” sector
Private industrial construction
Figure 60: Long term trend in private industrial construction output in Great Britain, 1970-2014
Figure 61: Analysis of private industrial new construction work in Great Britain, by sector 2010-14
Private commercial construction
Figure 62: Long term trend in private commercial construction output in Great Britain, 1970-2014
Figure 63: Analysis of private commercial construction in Great Britain, by type, 2010-14
Civil engineering
Figure 64: Civil engineering construction output in Great Britain, 2011-15
Figure 65: Civil engineering construction output in Great Britain, by sector, 2011-15
Figure 66: Civil engineering construction output in Great Britain, by sector, 2011-15
DIY
Figure 67: DIY retail sales in the UK, 2010-15
Domestic appliances
Figure 68: Sales of UK Produced Electrical Domestic Appliances, 2010-14
CONSTRUCTION SECTOR FORECAST
Key points
The market
Figure 69: Forecast construction output in Great Britain, 2015-19
House building Forecast
Figure 70: Forecast private housing output in Great Britain, 2015-19
Figure 71: Forecast public housing output in Great Britain, 2015-19
Private commercial construction forecast
Figure 72: Forecast private commercial construction output in Great Britain, 2015-19
Figure 73: Forecast of private commercial construction in Great Britain, by sector, 2015-19
Private industrial construction forecast
Figure 74: Forecast private industrial construction output in Great Britain, 2015-19
Figure 75: Forecast of private industrial new construction work in Great Britain, by sector 2015-19
Public non-residential construction forecast
Figure 76: Forecast public non-residential construction output in Great Britain, 2015-19
Figure 77: Forecast of public non-residential construction in Great Britain, by type, 2015-19
Civil engineering forecast
Figure 78: Forecast civil engineering construction output in Great Britain, 2016-20
Figure 79: Forecast new civil engineering construction output in Great Britain, 2016-20
The National Infrastructure Plan
MARKET FORECAST
Key points
Market forecast
Figure 80: Forecast UK market for industrial fasteners, 2016-20
Segmentation
Figure 81: Forecast market for threaded and non-threaded fasteners, 2016-20
Figure 82: Forecast market for threaded and non-threaded fasteners, 2016-20
Figure 83: Forecast apparent consumption of fasteners, by type, 2016-20
FURTHER SOURCES & CONTACTS
Trade magazines
Trade exhibitions
UK B2B
Trade research
Informal
Formal
Desk research
Consumer research
Sampling and weighting
Definitions
Qualitative Research
Further Analysis
Statistical forecasting

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