TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION x
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Economic Environment 5
Cyclical Trends 10
Long-Term Trends 13
Market Dynamics 14
OEM 15
MRO 18
Construction 22
Pricing Patterns 26
Fastener Materials 29
Metals 30
Plastics 32
Technology 33
Basic Fastener Technology 34
Specialty Fasteners 36
Intelligent Fastening Systems 38
Competitive Joining Technologies 38
Legal & Regulatory Environment 41
International Environment 44
World Supply & Demand 46
US Foreign Trade 49
Imports 50
Exports 53
III. PRODUCTS 56
General 56
Standard Fasteners 60
Externally Threaded 64
Standard Screws 66
Standard Bolts 68
Other 69
Internally Threaded 70
Conventional Nuts 71
Other 72
Nonthreaded 74
Rivets 76
Washers 78
Other 79
Application-Specific 80
Leading Producers 82
Aerospace-Grade Fasteners 84
Externally Threaded 89
Internally Threaded 91
Nonthreaded 92
Leading Producers 94
IV. MARKETS 97
General 97
Original Equipment Manufacturing 100
Motor Vehicles 103
Industry Outlook 104
Fastener Market 107
Machinery 111
Industry Outlook 111
Fastener Market 113
Aerospace 115
Industry Outlook 115
Fastener Market 116
Fabricated Metal Products 119
Industry Outlook 120
Fastener Market 122
Electrical & Electronic Products 124
Industry Outlook 125
Fastener Market 127
Furniture & Wood Products 129
Industry Outlook 130
Fastener Market 131
Other OEM Applications 132
Maintenance/Repair/Operations 135
Services 137
Sector Outlook 137
Fastener Market 139
Industrial 141
Sector Outlook 141
Fastener Market 143
Public/Institutional Sector 145
Sector Outlook 146
Fastener Market 147
Construction 148
V. INDUSTRY STRUCTURE 152
General 152
Industry Composition 153
Market Share 157
Product Development & Manufacturing 161
Marketing & Distribution 164
Cooperative Agreements 166
Financial Issues 169
Mergers, Acquisitions & Industry Restructuring 172
Company Profiles 176
A-1 Technologies, see Link Solutions for Industry
AAA Aircraft Supply, see Precision Castparts
AB Connectors, see TT electronics
Acument Global Technologies Incorporated 177
Air Industries, see Precision Castparts
Ajax Metal Processing, see Cold Heading
Alcoa Incorporated 180
Allfast Fastening Systems Incorporated 184
Anixter International Incorporated 185
Aoyama Seisakusho Company Limited 187
Atlas Bolt & Screw, see Berkshire Hathaway
Avibank Manufacturing, see Precision Castparts
AVK Industrial Products, see Precision Castparts
BAS Components, see TT electronics
Berkshire Hathaway Incorporated 189
Black & Decker Corporation 193
Brainard Rivet, see Fastener Industries
Cherry Aerospace, see Precision Castparts
Cold Heading Company 196
Danaher Corporation 197
Deerwood Fasteners International, see Berkshire Hathaway
Delo Screw Products, see Park-Ohio Holding
Doncasters Group Limited 199
Emhart Teknologies, see Black & Decker
ERICO International Corporation 201
FACIL & Cie, see KAMAX-Werke Rudolf Kellermann
Fastenal Company 202
Fastener Industries Incorporated 204
FastenTech, see Doncaster Group
Fatigue Technology, see Precision Castparts
Federal Screw Works 205
Ferry Cap & Set Screw, see Doncasters Group
Galvano, see Ifastgroupe
General Fasteners, see MNP
Hilti AG 207
Hi-Shear, see Link Solutions for Industry
Hi-Vol Products, see TriMas
Holo-Krome, see Danaher
Huck Fasteners, see Alcoa
Ifastgroupe 208
Illinois Tool Works Incorporated 210
Indiana Automotive Fasteners, see Aoyama Seisakusho
Ingersoll Fasteners, see Ifastgroupe
KAMAX-Werke Rudolf Kellermann GmbH & Company 214
Link Solutions for Industry 216
MacLean-Fogg Company 219
Marmon Group, see Berkshire Hathaway
McKechnie Aerospace 221
Melrose plc 222
MNP Corporation 223
Monadnock, see Link Solutions for Industry
Monogram Aerospace Fasteners, see TriMas
Nelson Stud Welding, see Doncasters Group
Nifco America, see Nifco
Nifco Incorporated 225
Nucor Corporation 226
NYLOK, see Berkshire Hathaway
Ohio Nut and Bolt, see Fastener Industries
Pan-American Screw, see Berkshire Hathaway
Park-Ohio Holdings Corporation 228
PennEngineering & Manufacturing Corporation 230
Piolax Incorporated 232
Precision Castparts Corporation 233
PSM International Limited 239
RB&W Manufacturing, see Park-Ohio Holdings
Robertson, see Berkshire Hathaway
Rockford Products LLC 242
Semblex Corporation 243
SFS Holding AG 246
Shur-Lok, see Precision Castparts
Southco Incorporated 247
Specialty Bar Products, see Doncasters Group
Specialty Bolt & Stud, see Berkshire Hathaway
Spiralock, see Black & Decker
SPS Technologies, see Precision Castparts
Sure-Drive USA, see Berkshire Hathaway
Textron Fastening Systems, see Acument Global
Technologies
3V Fasteners, see PennEngineering & Manufacturing
Tinnerman Palnut Engineered Products Incorporated 249
TriMas Corporation 251
TRW Automotive Holdings Corporation 253
TT electronics plc 255
Unbrako, see Precision Castparts
Wuerth (Adolf) GmbH & Company KG 257
Additional Fastener Companies 259
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 9
2 Industrial Fastener Demand, 1998-2008 12
3 Manufacturers' Shipments by Industry 17
4 Private Fixed Investment by Sector 22
5 Construction Expenditures 26
6 Industrial Fastener Price Deflators 28
7 Industrial Fastener Demand by Material 30
8 World Industrial Fastener Demand by Region 48
9 US Foreign Trade in Industrial Fasteners 50
10 US Industrial Fastener Imports by Source 53
11 US Industrial Fastener Exports by Destination 55
SECTION III -- PRODUCTS
1 Industrial Fastener Supply & Demand 59
2 Standard Fastener Supply & Demand 63
3 Externally Threaded Standard Fastener Demand 66
4 Internally Threaded Standard Fastener Demand 71
5 Nonthreaded Standard Fastener Demand 76
6 Application-Specific Standard Fastener Demand 82
7 Aerospace-Grade Fastener Supply & Demand 88
8 Externally Threaded Aerospace-Grade Fastener Demand 91
9 Internally Threaded Aerospace-Grade Fastener Demand 92
10 Nonthreaded Aerospace-Grade Fastener Demand 94
SECTION IV -- MARKETS
1 Industrial Fastener Demand by Market 99
2 OEM Industrial Fastener Demand by Market 101
3 Motor Vehicle Indicators 107
4 Motor Vehicle Fastener Demand 110
5 Machinery Shipments 113
6 Machinery Fastener Demand 114
7 Aerospace Equipment Shipments 116
8 Aerospace Equipment Fastener Demand 119
9 Fabricated Metal Product Shipments 122
10 Fabricated Metal Product Fastener Demand 124
11 Electrical & Electronic Product Shipments 127
12 Electrical & Electronic Product Fastener Demand 129
13 Furniture & Wood Product Shipments 131
14 Furniture & Wood Product Fastener Demand 132
15 Other OEM Fastener Demand 134
16 MRO Industrial Fastener Demand by Market 136
17 Selected Service Revenues 139
18 Service Sector Fastener Demand 141
19 Industrial Sector Indicators 143
20 Industrial Sector MRO Fastener Demand 145
21 Government Spending & Investment 147
22 Public/Institutional Sector Fastener Demand 148
23 Construction Industrial Fastener Demand by Market 151
SECTION V -- INDUSTRY STRUCTURE
1 Revenue Data: Selected Industrial Fastener
Manufacturers, 2008 155
2 Capital Spending Patterns: Selected Industrial
Fastener Manufacturers, 2006-2008 164
3 Selected Cooperative Agreements 168
4 Composite Financial Ratios: Selected
Industrial Fastener Manufacturers, 2006-2008 171
5 Selected Acquisitions & Divestitures 173
LIST OF CHARTS
CHART NUMBER PAGE
SECTION II -- MARKET ENVIRONMENT
1 Industrial Fastener Demand, 1999-2008 12
2 Industrial Fastener Price Deflators, 1998-2018 29
SECTION III -- PRODUCTS
1 Industrial Fastener Demand by Type, 1998-2018 60
2 Standard Fastener Demand by Type, 2008 64
3 US Standard Fastener Market Share by Company, 2008 83
4 Aerospace-Grade Fastener Demand by Type, 2008 89
5 US Aerospace-Grade Fastener Market Share
by Company, 2008 96
SECTION IV -- MARKETS
1 Industrial Fastener Demand by Market,1998-2018 99
2 OEM Industrial Fastener Demand by Market, 2008 102
3 Additional Demand by OEM Market, 2008 & 2013 102
4 MRO Industrial Fastener Demand by Market, 2008 137
SECTION V -- INDUSTRY STRUCTURE
1 US Industrial Fastener Market Share by Company, 2008 158
