Industrial Fasteners

Gains in demand will be supported by rebounding manufacturing levels in the key motor vehicle market, and by a strong recovery in the residential and nonresidential construction market.

US demand to rise 4.3% annually through 2017

US demand for industrial fasteners is expected to increase 4.3 percent per year to $14.8 billion in 2017. Gains will be supported by rebounding levels of motor vehicle manufacturing, a segment that makes up roughly one-quarter of all fastener demand. The fastest growth in fastener sales will be found in the construction market, as construction activity -- both residential and nonresidential -- makes a strong recovery from the declines posted during the 2007-2012 period. Competition from alternative joining technologies, such as adhesives, clinching, and welding, will prevent further gains in a number of applications. Moreover, fasteners are a mature product; while opportunities for value-added technological improvements certainly exist, they tend to be limited in many markets. Finally, competition from foreign producers, as well as moderating raw material costs, will hold back price increases, dampening value gains.

Standard fasteners to outpace aerospace-grade

Growth in demand for standard fasteners is forecast to outpace that for aerospace-grade products through 2017. This will be a result of standard fasteners’ heavy use in the OEM and construction markets. Externally threaded standard fasteners will remain the largest single product category, posting the fastest gains, along with application-specific products. Demand for aerospace-grade fasteners will improve from the growth registered during the 2007-2012 period, as aerospace equipment shipments accelerate. Manufacturers serving this market will need to continue adjusting to the growing use of composites in aircraft manufacturing. Composite designs often require fewer fasteners, but provide opportunities for sales of higher value fastening products designed specifically for use with composites.

OEM market to outpace growth in the MRO market

The original equipment manufacturing market (OEM) for industrial fasteners will outpace growth in the maintenance/repair/operations (MRO) market, as US machinery and aerospace equipment shipments are forecast to expand at improved rates. US fabricated metal product output will rise, and the ongoing trend of “reshoring” in a range of industries will support increases in fastener demand. While annual production gains in the motor vehicle segment will bolster fastener sales through 2017, ongoing trends in the industry toward vehicles designed with fewer fasteners in order to reduce costs and weight will temper demand. Although not expected to match the OEM market, growth in fastener sales in MRO applications will improve from the performance registered during the 2007 to 2012 period, as fixed investment rises and fastener-containing equipment sees more use with expanding production.

Study coverage

This study analyzes the $12 billion US industrial fastener industry. It presents historical demand data for 2002, 2007 and 2012, and forecasts for 2017 and 2022 by type (e.g., standard screws, standard bolts, conventional nuts, rivets, washers, application-specific, aerospace-grade) and market (e.g., original equipment manufacturing, maintenance/repair/operations, construction).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 32 industry players, including Illinois Tool Works, Precision Castparts and Alcoa.

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  1. Industrial Fasteners

    $5,100.00

    1. 1 INTRODUCTION

      $161.00

    2. 2 EXECUTIVE SUMMARY

      $146.00

      1. Table | INDUSTRIAL FASTENER SUPPLY & DEMAND (million dollars)

    3. 3 MARKET ENVIRONMENT

      $2,662.00

      1. 3.1 General

        $82.00

      2. 3.2 Economic Environment

        $438.00

        1. Table | MACROECONOMIC INDICATORS (billion 2005 dollars)

        2. 3.2.1 Cyclical Trends

          $110.00

          1. Table | INDUSTRIAL FASTENER DEMAND, 2002-2012

        3. 3.2.2 Long-Term Trends

          $99.00

      3. 3.3 Market Dynamics

        $657.00

        1. 3.3.1 OEM

          $207.00

          1. Table | MANUFACTURERS' SHIPMENTS (billion dollars)

        2. 3.3.2 MRO

          $212.00

          1. Table | PRIVATE FIXED INVESTMENT BY SECTOR (billion dollars)

        3. 3.3.3 Construction

          $196.00

          1. Table | CONSTRUCTION EXPENDITURES (billion dollars)

      4. 3.4 Pricing Patterns

        $115.00

        1. Table | INDUSTRIAL FASTENER PRICE DEFLATORS (2005=100)

      5. 3.5 Fastener Materials

        $239.00

        1. Table | INDUSTRIAL FASTENER DEMAND BY MATERIAL (million dollars)

        2. 3.5.1 Metals

          $97.00

        3. 3.5.2 Plastics

          $102.00

      6. 3.6 Technology

        $481.00

        1. 3.6.1 Basic Fastener Technology

          $109.00

        2. 3.6.2 Specialty Fasteners

          $82.00

        3. 3.6.3 New Fastening Technologies

          $91.00

        4. 3.6.4 Competitive Joining Technologies

          $153.00

      7. 3.7 Legal & Regulatory Environment

        $185.00

      8. 3.8 International Environment

        $495.00

        1. 3.8.1 World Supply & Demand

          $97.00

          1. Table | WORLD INDUSTRIAL FASTENER DEMAND BY REGION (billion dollars)

        2. 3.8.2 US Foreign Trade

          $294.00

          1. Table | US FOREIGN TRADE IN INDUSTRIAL FASTENERS (million dollars)

          2. Table | US INDUSTRIAL FASTENER IMPORTS BY SOURCE (million dollars)

          3. Table | US INDUSTRIAL FASTENER EXPORTS BY DESTINATION (million dollars)

    4. 4 PRODUCTS

      $1,799.00

      1. 4.1 General

        $214.00

        1. Table | INDUSTRIAL FASTENER SUPPLY & DEMAND (million dollars)

      2. 4.2 Standard Fasteners

        $1,154.00

        1. Table | STANDARD FASTENER SUPPLY & DEMAND (million dollars)

        2. 4.2.1 Externally Threaded

          $331.00

          1. Table | EXTERNALLY THREADED STANDARD FASTENER DEMAND (million dollars)

        3. 4.2.2 Internally Threaded

          $232.00

          1. Table | INTERNALLY THREADED STANDARD FASTENER DEMAND (million dollars)

        4. 4.2.3 Nonthreaded

          $322.00

          1. Table | NONTHREADED STANDARD FASTENER DEMAND (million dollars)

        5. 4.2.4 Application-Specific

          $91.00

          1. Table | APPLICATION-SPECIFIC STANDARD FASTENER DEMAND (million dollars)

        6. 4.2.5 Market Share

          $82.00

      3. 4.3 Aerospace-Grade Fasteners

        $430.00

        1. Table | AEROSPACE-GRADE FASTENER SUPPLY & DEMAND (million dollars)

        2. 4.3.1 Externally Threaded

          $82.00

          1. Table | EXTERNALLY THREADED AEROSPACE-GRADE FASTENER DEMAND (million dollars)

        3. 4.3.2 Internally Threaded

          $82.00

          1. Table | INTERNALLY THREADED AEROSPACE-GRADE FASTENER DEMAND (million dollars)

        4. 4.3.3 Nonthreaded

          $82.00

          1. Table | NONTHREADED AEROSPACE-GRADE FASTENER DEMAND (million dollars)

        5. 4.3.4 Market Share

          $82.00

    5. 5 MARKETS

      $2,561.00

      1. 5.1 General

        $120.00

        1. Table | INDUSTRIAL FASTENER DEMAND BY MARKET (million dollars)

      2. 5.2 Original Equipment Manufacturing

        $1,759.00

        1. Table | OEM INDUSTRIAL FASTENER DEMAND BY MARKET (million dollars)

        2. 5.2.1 Motor Vehicles

          $437.00

          1. Table | MOTOR VEHICLE INDICATORS

          2. Table | MOTOR VEHICLE FASTENER DEMAND (million dollars)

        3. 5.2.2 Machinery

          $233.00

          1. Table | MACHINERY SHIPMENTS (billion dollars)

          2. Table | MACHINERY FASTENER DEMAND (million dollars)

        4. 5.2.3 Aerospace

          $237.00

          1. Table | AEROSPACE EQUIPMENT SHIPMENTS (billion dollars)

          2. Table | AEROSPACE FASTENER DEMAND (million dollars)

        5. 5.2.4 Fabricated Metal Products

          $184.00

          1. Table | FABRICATED METAL PRODUCT SHIPMENTS (billion dollars)

          2. Table | FABRICATED METAL PRODUCT FASTENER DEMAND (million dollars)

        6. 5.2.5 Electrical & Electronic Products

          $320.00

          1. Table | ELECTRICAL & ELECTRONIC PRODUCT SHIPMENTS (billion dollars)

          2. Table | ELECTRICAL & ELECTRONIC PRODUCT FASTENER DEMAND (million dollars)

        7. 5.2.6 Furniture & Wood Products

          $148.00

          1. Table | FURNITURE & WOOD PRODUCT SHIPMENTS (billion dollars)

          2. Table | FURNITURE & WOOD PRODUCT FASTENER DEMAND (million dollars)

        8. 5.2.7 Other OEM Applications

          $102.00

          1. Table | OTHER OEM FASTENER DEMAND (million dollars)

      3. 5.3 Maintenance/Repair/Operations

        $554.00

        1. Table | MRO FASTENER DEMAND BY MARKET (million dollars)

        2. 5.3.1 Services

          $156.00

          1. Table | SELECTED SERVICE REVENUES (billion dollars)

          2. Table | SERVICE SECTOR FASTENER DEMAND (million dollars)

        3. 5.3.2 Industrial

          $154.00

          1. Table | INDUSTRIAL SECTOR OUTLOOK (billion dollars)

          2. Table | INDUSTRIAL SECTOR MRO FASTENER DEMAND (million dollars)

        4. 5.3.3 Public/Institutional Sector

          $155.00

          1. Table | GOVERNMENT SPENDING & INVESTMENT (billion dollars)

          2. Table | PUBLIC/INSTITUTIONAL SECTOR FASTENER DEMAND (million dollars)

      4. 5.4 Construction

        $127.00

        1. Table | CONSTRUCTION SECTOR FASTENER DEMAND (million dollars)

    6. 6 INDUSTRY STRUCTURE

      $5,132.00

      1. 6.1 General

        $110.00

      2. 6.2 Industry Composition

        $120.00

        1. Table | SELECTED US INDUSTRIAL FASTENER SALES BY COMPANY, 2012 (million dollars)

      3. 6.3 Market Share

        $209.00

      4. 6.4 Product Development & Manufacturing

        $165.00

        1. Table | CAPITAL SPENDING PATTERNS: SELECTED INDUSTRIAL FASTENER MANUFACTURERS, 2010-2012 (million dollars)

      5. 6.5 Marketing & Distribution

        $137.00

      6. 6.6 Cooperative Agreements

        $109.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      7. 6.7 Financial Issues

        $115.00

        1. Table | COMPOSITE FINANCIAL RATIOS: SELECTED INDUSTRIAL FASTENER MANUFACTURERS*

      8. 6.8 Mergers, Acquisitions, & Industry Restructuring

        $156.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      9. 6.9 Company Profiles

        $5,132.00

        1. 6.9.1 Acument Global Technologies Incorporated

          $238.00

        2. 6.9.2 Alcoa Incorporated

          $246.00

        3. 6.9.3 Allfast Fastening Systems Incorporated

          $88.00

        4. 6.9.4 Anixter International Incorporated

          $142.00

        5. 6.9.5 Aoyama Seisakusho Company Limited

          $101.00

        6. 6.9.6 Berkshire Hathaway Incorporated

          $265.00

        7. 6.9.7 Cold Heading Company

          $129.00

        8. 6.9.8 Doncasters Group Limited

          $174.00

        9. 6.9.9 ERICO International Corporation

          $82.00

        10. 6.9.10 Fastenal Company

          $130.00

        11. 6.9.11 Federal Screw Works

          $82.00

        12. 6.9.12 Hilti AG

          $121.00

        13. 6.9.13 Ifastgroupe

          $134.00

        14. 6.9.14 Illinois Tool Works Incorporated

          $612.00

        15. 6.9.15 KAMAX-Werke Rudolf Kellermann GmbH & Company KG

          $172.00

        16. 6.9.16 Link Solutions for Industry

          $214.00

        17. 6.9.17 MacLean-Fogg Company

          $193.00

        18. 6.9.18 MNP Corporation

          $213.00

        19. 6.9.19 Nifco Incorporated

          $89.00

        20. 6.9.20 Nucor Corporation

          $82.00

        21. 6.9.21 Park-Ohio Holdings Corporation

          $123.00

        22. 6.9.22 PennEngineering & Manufacturing Corporation

          $261.00

        23. 6.9.23 Piolax Incorporated

          $83.00

        24. 6.9.24 Precision Castparts Corporation

          $459.00

        25. 6.9.25 Raymond (A.) Group

          $214.00

        26. 6.9.26 Rockford Products LLC

          $82.00

        27. 6.9.27 SFS Holding AG

          $112.00

        28. 6.9.28 Southco Incorporated

          $108.00

        29. 6.9.29 Stanley Black & Decker Incorporated

          $408.00

        30. 6.9.30 TriMas Corporation

          $199.00

        31. 6.9.31 TRW Automotive Holdings Corporation

          $92.00

        32. 6.9.32 Würth (Adolf) GmbH & Company KG

          $231.00

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