COVID-19 Economic Impact Report: Global Industrial Fasteners
The global industrial fasteners industry is facing a number of challenges as it deals with the impact of the COVID-19 pandemic. How has the macroeconomic environment changed and what does it mean for the global industrial fasteners going forward?
COVID-19 Economic Impact Report: Global Industrial Fasteners looks at how the expected impact of the pandemic on the current macroeconomic environment compares to other major events since 2000, including the bursting of technology bubble, the SARS outbreak, the 2009 global downturn, and the European financial crisis. It also provides a historical view of global industry sales since 2000, a look at how the industry is being currently impacted, and estimates for global industry sales through 2023.
The following types of products – both standard-grade and aerospace-grade – are considered:
- externally threaded fasteners such as bolts, screws, pins, rods, studs, and various plastic devices
- internally threaded fasteners, such as hex and square nuts (e.g., acorn, crowned, flat, heavy-duty, machine, panel, track, and weld nuts), flanged nuts, locknuts, threaded inserts, and nut/washer assemblies
- nonthreaded fasteners such as rivets, pins, washers as well as nonthreaded pins, bushings, retaining rings, stud receivers, and various plastic fasteners
- application-specific (or specialized) standard-grade fasteners, including miscellaneous formed fasteners, customized standoffs, brackets, clamps, latches and couplings, threaded rods and twin buckles for structural use, and lead anchor expansion sleeves; and a variety of specialty plastic fasteners, such as wire/cable ties, hose clamps, clips, anchors, and expansion sleeves
For the purposes of this study, the term “aerospace-grade” refers to a category of high-performance industrial fasteners manufactured to the specifications of aerospace/defense companies and agencies. End-use applications for these fasteners, however, are not confined to the aircraft/aerospace industries; they can also include construction, high-performance automobiles, industrial machinery, and various other settings where the capabilities of such fasteners are warranted.
Excluded from the scope of the study are:
- nails, brads, spikes, tacks, and related items
- adhesives and other joining/bonding products
- nonindustrial type products like buttons, paper clips, and zippers
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