Industrial Fasteners

The US market for industrial fasteners is expected to return to more sustainable growth levels through 2020, following a surge in demand experienced during the recovery-fueled 2010-2015 period. The performance of this industry has always been strongly impacted by trends in its largest end-user market, automotive manufacturing. As motor vehicle output moderates, so too will associated fastener demand. The fastest growth in fastener sales will be found in the construction market, as construction activity -- both residential and nonresidential -- continues to advance at solid rates through 2020.

Aerospace-grade fasteners utilize high value materials

According to Industrial Fasteners, a study from The Freedonia Group, demand for aerospace-grade fasteners is expected to outpace growth in standard fastener sales, supported by relatively strong conditions in aerospace manufacturing, as well as by the increasing use of higher value aerospacegrade fasteners, particularly those made of titanium. In January 2016, Berkshire Hathaway completed its largest acquisition to date, the purchase of leading aerospacegrade fastener manufacturer Precision Castparts. Berkshire is banking on continued growth in aerospace manufacturing (both in the US and abroad), as well as on the high barriers to entry in the technologically advanced aerospace-grade fastener market.

Standard fasteners fight maturity

Freedonia Group projects that sales of standard industrial fasteners will register gains through 2020, but at more subdued rates than those seen during the 2010-2015 period. Essentially, growth is forecast to return to a sustainable rate for this relatively mature market where many of the products are considered commodity type. Production gains in the motor vehicle market will slow considerably from the output growth posted during the 2010-2015 period, dampening associated fastener sales. In addition, machinery shipments are expected to moderate through 2020, leading to slower growth in associated fastener sales. Above average gains are forecast for standard fasteners utilized in both aerospace applications and fabricated metal products. Competition from foreign producers is intense for most standard fasteners, continuing to hold back value gains.

MRO segment maintains position

Growth in the maintenance/repair/operations (MRO) segment for industrial fasteners is expected to be in line with the much larger original equipment manufacturing (OEM) segment. MRO fastener suppliers will benefit from continued growth in service revenues and industrial output, as well as from rebounding levels of government expenditures. On the other hand, MRO sales will continue to be restrained by fastener-containing equipment being increasingly designed to be replaced, rather than repaired.

Study coverage

Industrial Fasteners analyzes the US industrial fastener market. It presents historical demand data (2005, 2010, 2015) plus forecasts (2020, 2025) by product (standard, aerospacegrade) and market (OEM, MRO, construction). The study also considers key market environment factors, assesses the industry structure, evaluates company market share and profiles US industry players.

Freedonia's market research studies provide timely access to reliable, unbiased analysis from which to benchmark performance and answer critical questions: Is your business growing faster or slower than the overall market? Is your organization gaining or losing market share? Which products and markets are the most desirable to explore for expansion? Are there industry trends or competitor activities that present a threat or opportunity to your business?

Studies offer a great ROI and can help business leaders make informed, analytically driven decisions. When considering the time, effort, and expertise that goes into it, our off-the-shelf research saves our clients time and money.

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  1. Industrial Fasteners

    $5,300.00

    1. 1 INTRODUCTION

      $239.00

    2. 2 EXECUTIVE SUMMARY

      $232.00

      1. Table | US INDUSTRIAL FASTENER SUPPLY & DEMAND

    3. 3 MARKET ENVIRONMENT

      $4,288.00

      1. 3.1 General

        $88.00

      2. 3.2 Economic Environment

        $701.00

        1. Table | MACROECONOMIC INDICATORS

        2. 3.2.1 Cyclical Trends

          $202.00

          1. Table | INDUSTRIAL FASTENER MARKET, 2005-2015

          2. CHART II-1 INDUSTRIAL FASTENER MARKET, 2006-2015

        3. 3.2.2 Long-Term Trends

          $157.00

      3. 3.3 Market Dynamics

        $1,057.00

        1. 3.3.1 OEM

          $455.00

          1. Table | MANUFACTURERS' SHIPMENTS

        2. 3.3.2 MRO

          $268.00

          1. Table | PRIVATE FIXED INVESTMENT BY SECTOR

        3. 3.3.3 Construction

          $267.00

          1. Table | CONSTRUCTION EXPENDITURES

      4. 3.4 Pricing Patterns

        $194.00

        1. Table | INDUSTRIAL FASTENER PRICE DEFLATORS

        2. CHART II-2 INDUSTRIAL FASTENER PRICE DEFLATORS, 2005-2025

      5. 3.5 Fastener Materials

        $370.00

        1. Table | FASTENER DEMAND BY MATERIAL

        2. 3.5.1 Metals

          $164.00

        3. 3.5.2 Plastics

          $153.00

      6. 3.6 Technology

        $727.00

        1. 3.6.1 Basic Fastener Technology

          $292.00

        2. 3.6.2 New Technologies

          $110.00

        3. 3.6.3 Competitive Joining Technologies

          $232.00

      7. 3.7 Legal & Regulatory Environment

        $398.00

      8. 3.8 International Environment

        $751.00

        1. 3.8.1 World Supply & Demand

          $150.00

          1. Table | WORLD INDUSTRIAL FASTENER DEMAND BY REGION

        2. 3.8.2 US Foreign Trade

          $437.00

          1. Table | US FOREIGN TRADE IN INDUSTRIAL FASTENERS

          2. Table | US INDUSTRIAL FASTENER IMPORTS BY SOURCE, 2005-2015

          3. Table | US INDUSTRIAL FASTENER EXPORTS BY DESTINATION, 2005-2015

    4. 4 PRODUCTS

      $2,838.00

      1. 4.1 General

        $356.00

        1. Table | INDUSTRIAL FASTENER SUPPLY & DEMAND

      2. 4.2 Standard Fasteners

        $1,794.00

        1. Table | STANDARD FASTENER SUPPLY & DEMAND

        2. CHART III-1 STANDARD FASTENER DEMAND BY TYPE, 2015

        3. 4.2.1 Externally Threaded

          $541.00

          1. Table | EXTERNALLY THREADED STANDARD FASTENER DEMAND

        4. 4.2.2 Internally Threaded

          $344.00

          1. Table | INTERNALLY THREADED STANDARD FASTENER DEMAND

        5. 4.2.3 Nonthreaded

          $499.00

          1. Table | NONTHREADED STANDARD FASTENER DEMAND

        6. 4.2.4 Application-Specific

          $153.00

          1. Table | APPLICATION-SPECIFIC STANDARD FASTENER DEMAND

        7. 4.2.5 Leading Producers

          $82.00

          1. CHART III-2 STANDARD FASTENER MARKET SHARE, 2015

      3. 4.3 Aerospace-Grade Fasteners

        $687.00

        1. Table | AEROSPACE-GRADE FASTENER SUPPLY & DEMAND

        2. CHART III-3 AEROSPACE-GRADE FASTENER DEMAND BY TYPE, 2015

        3. 4.3.1 Externally Threaded

          $134.00

          1. Table | EXTERNALLY THREADED AEROSPACE-GRADE FASTENER DEMAND

        4. 4.3.2 Internally Threaded

          $103.00

          1. Table | INTERNALLY THREADED AEROSPACE-GRADE FASTENER DEMAND

        5. 4.3.3 Nonthreaded

          $88.00

          1. Table | NONTHREADED AEROSPACE-GRADE FASTENER DEMAND

        6. 4.3.4 Leading Producers

          $84.00

          1. CHART III-4 AEROSPACE-GRADE FASTENER MARKET SHARE, 2015

    5. 5 MARKETS

      $4,028.00

      1. 5.1 General

        $191.00

        1. Table | INDUSTRIAL FASTENER DEMAND BY MARKET

        2. CHART IV-1 INDUSTRIAL FASTENER DEMAND BY MARKET, 2005-2025

      2. 5.2 Original Equipment Manufacturing

        $2,717.00

        1. Table | OEM INDUSTRIAL FASTENER DEMAND BY MARKET

        2. CHART IV-2 OEM INDUSTRIAL FASTENER DEMAND BY MARKET, 2015

        3. CHART IV-3 VALUE GROWTH BY OEM MARKET, 2015-2020

        4. 5.2.1 Motor Vehicles

          $609.00

          1. Table | MOTOR VEHICLE INDICATORS

          2. Table | MOTOR VEHICLE FASTENER DEMAND

        5. 5.2.2 Machinery

          $372.00

          1. Table | MACHINERY SHIPMENTS

          2. Table | MACHINERY FASTENER DEMAND

        6. 5.2.3 Aerospace

          $333.00

          1. Table | AEROSPACE EQUIPMENT SHIPMENTS

          2. Table | AEROSPACE EQUIPMENT FASTENER DEMAND

        7. 5.2.4 Fabricated Metal Products

          $283.00

          1. Table | FABRICATED METAL PRODUCT SHIPMENTS

          2. Table | FABRICATED METAL PRODUCT FASTENER DEMAND

        8. 5.2.5 Electrical & Electronic Products

          $591.00

          1. Table | ELECTRICAL & ELECTRONIC PRODUCT SHIPMENTS

          2. Table | ELECTRICAL & ELECTRONIC PRODUCT FASTENER DEMAND

        9. 5.2.6 Furniture & Wood Products

          $214.00

          1. Table | FURNITURE & WOOD PRODUCT SHIPMENTS

          2. Table | FURNITURE & WOOD PRODUCT FASTENER DEMAND

        10. 5.2.7 Other OEM Applications

          $155.00

          1. Table | OTHER OEM FASTENER DEMAND

      3. 5.3 Maintenance/Repair/Operations

        $1,120.00

        1. Table | MRO FASTENER DEMAND BY MARKET

        2. CHART IV-4 MRO FASTENER DEMAND BY MARKET, 2015

        3. 5.3.1 Services

          $257.00

          1. Table | SELECTED SERVICE REVENUES

          2. Table | SERVICE SECTOR FASTENER DEMAND

        4. 5.3.2 Industrial

          $267.00

          1. Table | INDUSTRIAL SECTOR OUTLOOK

          2. Table | INDUSTRIAL SECTOR MRO FASTENER DEMAND

        5. 5.3.3 Public/Institutional Sector

          $250.00

          1. Table | GOVERNMENT SPENDING & INVESTMENT

          2. Table | PUBLIC/INSTITUTIONAL SECTOR FASTENER DEMAND

        6. 5.3.4 Construction

          $207.00

          1. Table | CONSTRUCTION SECTOR FASTENER DEMAND

    6. 6 INDUSTRY STRUCTURE

      $7,949.00

      1. 6.1 General

        $193.00

      2. 6.2 Industry Composition

        $195.00

        1. Table | SELECTED US INDUSTRIAL FASTENER SALES BY COMPANY, 2015

      3. 6.3 Market Share

        $377.00

        1. CHART V-1 INDUSTRIAL FASTENER MARKET SHARE, 2015

      4. 6.4 Product Development & Manufacturing

        $209.00

      5. 6.5 Marketing & Distribution

        $204.00

      6. 6.6 Cooperative Agreements

        $221.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      7. 6.7 Financial Requirements

        $94.00

      8. 6.8 Mergers, Acquisitions, &Industry Restructuring

        $258.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      9. 6.9 Company Profiles

        $7,949.00

        1. 6.9.1 Alcoa Incorporated

          $422.00

        2. 6.9.2 Aoyama Seisakusho Company Limited

          $132.00

        3. 6.9.3 Berkshire Hathaway Incorporated

          $779.00

        4. 6.9.4 Böllhoff (Wilhelm) GmbH & Company KG

          $234.00

        5. 6.9.5 Cold Heading Company

          $191.00

        6. 6.9.6 Doncasters Group Limited

          $269.00

        7. 6.9.7 EJOT Holding GmbH & Company KG

          $345.00

        8. 6.9.8 Fastenal Company

          $281.00

        9. 6.9.9 Federal Screw Works

          $82.00

        10. 6.9.10 Fontana Luigi SpA

          $374.00

        11. 6.9.11 Hilti AG

          $129.00

        12. 6.9.12 Ifastgroupe LP

          $214.00

        13. 6.9.13 Illinois Tool Works Incorporated

          $671.00

        14. 6.9.14 KAMAX Holding GmbH & Company KG

          $219.00

        15. 6.9.15 Link Solutions for Industry

          $331.00

        16. 6.9.16 MacLean-Fogg Company

          $368.00

        17. 6.9.17 MNP Corporation

          $171.00

        18. 6.9.18 Nifco Incorporated

          $117.00

        19. 6.9.19 Nucor Corporation

          $118.00

        20. 6.9.20 Park-Ohio Holdings Corporation

          $199.00

        21. 6.9.21 PennEngineering & Manufacturing Corporation

          $267.00

        22. 6.9.22 Pentair plc

          $121.00

        23. 6.9.23 PIOLAX Incorporated

          $95.00

        24. 6.9.24 Raymond (A.) Group

          $301.00

        25. 6.9.25 SFS Group AG

          $252.00

        26. 6.9.26 Shanghai Prime Machinery Company Limited

          $159.00

        27. 6.9.27 Southco Incorporated

          $157.00

        28. 6.9.28 Stanley Black & Decker Incorporated

          $401.00

        29. 6.9.29 TriMas Corporation

          $452.00

        30. 6.9.30 Würth (Adolf) GmbH & Company KG

          $547.00

        31. 6.9.31 ZF Friedrichshafen AG

          $160.00

      10. 6.10 Additional Companies in the US Industrial Fastener Industry

        $147.00

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