COVID-19 Economic Impact Report: US Industrial Fasteners

The US 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 industrial fasteners industry going forward?

Fasteners

COVID-19 Economic Impact Report: Industrial Fasteners looks at how the expected impact of the pandemic on the current macroeconomic environment in the US compares to other major events since 2000, including the bursting of technology bubble and 9/11 terrorist attack, and the 2007-2009 Great Recession. It also provides a historical view of industry sales since 2000, a look at how the industry is being currently impacted, and estimates for sales through 2024.

Fastener products discussed in the report include:

  • standard-grade and aerospace-grade externally threaded fasteners such as bolts and screws
  • internally threaded fasteners, such as nuts and threaded inserts
  • nonthreaded fasteners such as rivets, pins, and washers
  • application-specific (or specialized) standard-grade fasteners, including miscellaneous formed fasteners

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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