Industrial Fasteners

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This study analyzes US supply of and demand for industrial mechanical fasteners. Historical data (2008, 2013, and 2018) and forecasts (2023) are provided in current dollars for demand, shipments, and net exports for industrial fasteners overall and for the aggregate standard-grade and aerospace-grade fastener product categories.

Nuts and Bolts

Products covered in this study 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

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
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

Although these products are excluded, they are discussed for their potential impact on industrial fastener demand.

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Table of Contents

EXECUTIVE SUMMARY

OVERVIEW

Key Findings

Cyclicality & Historical Demand Volatility

Pricing

Industrial Fastener Demand by Material

Technological Trends

Competitive Joining Technologies

Adhesives

Welding

Mechanical Joining

Legal & Regulatory Environment

Standards-Setting Organizations & Regulations

Tariffs

Supply & Demand

US Production & Trade

Imports by Source

Exports by Destination

PRODUCTS

Key Findings

Industrial Fastener Demand by Grade

Standard-Grade Fasteners

Supply & Demand by Threading Type

Externally Threaded Standard-Grade Fasteners

Externally Threaded Standard-Grade Fasteners: Demand by Fastener Type

Externally Threaded Standard-Grade Fasteners: Suppliers

Internally Threaded Standard-Grade Fasteners

Internally Threaded Standard-Grade Fasteners: Demand by Fastener Type

Internally Threaded Standard-Grade Fasteners: Suppliers

Nonthreaded Standard-Grade Fasteners

Nonthreaded Standard-Grade Fasteners: Demand by Fastener Type

Nonthreaded Standard-Grade Fasteners: Suppliers

Application-Specific Standard-Grade Fasteners

Application-Specific Standard-Grade Fasteners: Demand by Fastener Type

Application-Specific Standard-Grade Fasteners: Suppliers

Standard-Grade Fasteners: Market Share

Aerospace-Grade Fasteners

Supply & Demand by Threading Type

Externally Threaded Aerospace-Grade Fasteners

Internally Threaded Aerospace-Grade Fasteners

Nonthreaded Aerospace-Grade Fasteners

Aerospace-Grade Fasteners: Market Share

MARKETS

Key Findings

Industrial Fastener Demand by Market

Original Equipment Manufacturing (OEM)

Demand by Application

Motor Vehicles

Machinery

Aerospace Equipment

Fabricated Metal Products

Electrical & Electronic Products

Furniture & Wood Products

Other OEM Applications

Maintenance & Repair Operations (MRO)

Demand by Sector

Services

Industrial

Public & Institutional

Construction

INDUSTRY STRUCTURE

Key Findings & Industry Composition

Market Share

Product Development

Manufacturing

Marketing & Distribution

Cooperative Agreements

Mergers & Acquisitions

List of Industry Participants

APPENDIX

Scope

Definitions

Abbreviations

Freedonia Methodology

Study-Specific Methodology

Related Studies & Reports

Macroeconomic Assumptions

Economic Environment

Construction Expenditures

Motor Vehicle Production

Manufacturers' Shipments

List of Tables

OVERVIEW

Table 2-1 | Industrial Fastener Price Deflator by Grade, 2008 - 2023 (2012=100)

Table 2-2 | Industrial Fastener Demand by Material, 2008 - 2023 (million dollars)

Table 2-3 | Industrial Fastener Materials: Description, Applications, & Advantages & Disadvantages

Table 2-4 | Adhesives for Joining: Advantages & Disadvantages

Table 2-5 | Industrial Fastener Supply & Demand, 2008 - 2023 (million dollars)

Table 2-6 | US Industrial Fastener Imports by Source, 2008 - 2018 (million dollars)

Table 2-7 | US Industrial Fastener Exports by Destination, 2008 - 2018 (million dollars)

PRODUCTS

Table 3-1 | Industrial Fastener Demand by Grade, 2008 - 2023 (million dollars)

Table 3-2 | Standard-Grade Industrial Fastener Supply & Demand by Treading Type, 2008 - 2023 (million dollars)

Table 3-3 | Externally Threaded Standard-Grade Fastener Demand by Type, 2008 - 2023 (million dollars)

Table 3-4 | Externally Threaded Standard-Grade Fasteners: Product Descriptions, Advantages, & Disadvantages

Table 3-5 | Internally Threaded Standard-Grade Industrial Fastener Demand by Type, 2008 - 2023 (million dollars)

Table 3-6 | Internally Threaded Standard-Grade Fasteners: Product Descriptions & Advantages

Table 3-7 | Nonthreaded Standard-Grade Industrial Fastener Demand by Type, 2008 - 2023 (million dollars)

Table 3-8 | Nonthreaded Standard-Grade Industrial Fasteners: Product Descriptions, Advantages, & Disadvantages

Table 3-9 | Application-Specific Standard-Grade Industrial Fastener Demand by Application, 2008 - 2023 (million dollars)

Table 3-10 | Aerospace-Grade Fastener Supply & Demand by Threading Type, 2008 - 2023 (million dollars)

Table 3-11 | Externally Threaded Aerospace-Grade Industrial Fastener Demand by Type, 2008 - 2023 (million dollars)

Table 3-12 | Internally Threaded Aerospace-Grade Industrial Fastener Demand by Type, 2008 - 2023 (million dollars)

Table 3-13 | Nonthreaded Aerospace-Grade Industrial Fastener Demand by Type, 2008 - 2023 (million dollars)

MARKETS

Table 4-1 | Industrial Fastener Demand by Market, 2008 - 2023 (million dollars)

Table 4-2 | OEM Industrial Fastener Demand by Application, 2008 - 2023 (million dollars)

Table 4-3 | Motor Vehicle OEM Industrial Fastener Demand by Vehicle Type, 2008 - 2023 (million dollars)

Table 4-4 | Machinery OEM Industrial Fastener Demand, 2008 - 2023 (million dollars)

Table 4-5 | Aerospace Equipment OEM Industrial Fastener Demand, 2008 - 2023 (million dollars)

Table 4-6 | Fabricated Metal Product Industrial Fastener Demand, 2008 - 2023 (million dollars)

Table 4-7 | Electrical & Electronic Product Industrial Fastener Demand, 2008 - 2023 (million dollars)

Table 4-8 | Furniture & Wood Product Industrial Fastener Demand, 2008 - 2023 (million dollars)

Table 4-9 | Other OEM Industrial Fastener Demand, 2008 - 2023 (million dollars)

Table 4-10 | MRO Industrial Fastener Demand by Sector, 2008 - 2023 (million dollars)

Table 4-11 | Services Industrial Fastener Demand, 2008 - 2023 (million dollars)

Table 4-12 | Industrial MRO Fastener Demand, 2008 - 2023 (million dollars)

Table 4-13 | Public & Institutional Industrial Fastener Demand, 2008 - 2023 (million dollars)

Table 4-14 | Construction Fastener Demand by Building Type, 2008 - 2023 (million dollars)

INDUSTRY STRUCTURE

Table 5-1 | Selected US Industrial Fastener Sales by Company, 2018 (million dollars)

Table 5-2 | Selected Cooperative Agreements

Table 5-3 | Selected Mergers & Acquisitions

APPENDIX

Table 6-1 | Relevant NAICS & SIC Codes

Table 6-2 | Relevant HS Codes

Table 6-3 | Abbreviations Used in This Report

Table 6-4 | Macroeconomic Indicators, 2008 - 2023 (billion 2012 dollars)

Table 6-5 | Construction Expenditures, 2008 - 2023 (billion dollars)

Table 6-6 | Motor Vehicle Production, 2008 - 2023 (thousand units)

Table 6-7 | Manufacturers' Shipments, 2008 - 2023 (billion dollars)

List of Figures

EXECUTIVE SUMMARY

Figure 1-1 | US Industrial Fastener Market

OVERVIEW

Figure 2-1 | Key Trends in the Industrial Fastener Market

Figure 2-2 | Industrial Fastener Demand, 2004 - 2018 (million dollars)

Figure 2-3 | Industrial Fastener Price Deflator by Grade, 2005 - 2018 (2012=100)

Figure 2-4 | Industrial Fastener Demand Share by Material, 2018 (billion dollars)

PRODUCTS

Figure 3-1 | Industrial Fastener Product Trends

Figure 3-2 | Standard-Grade Industrial Fastener Demand Share by Threading Type, 2018 (billion dollars)

Figure 3-3 | Standard-Grade Industrial Fastener Demand by Threading Type, 2004 - 2018 (million dollars)

Figure 3-4 | Externally Threaded Standard-Grade Industrial Fastener Demand by Type, 2004 - 2018 (million dollars)

Figure 3-5 | Internally Threaded Standard-Grade Industrial Fastener Demand by Type, 2004 - 2018 (million dollars)

Figure 3-6 | Nonthreaded Standard-Grade Industrial Fastener Demand by Type, 2004 - 2018 (million dollars)

Figure 3-7 | Application-Specific Standard-Grade Industrial Fastener Demand by Application, 2004 - 2018 (million dollars)

Figure 3-8 | Standard-Grade Industrial Fastener Market Share by Company, 2018 (billion dollars)

Figure 3-9 | Aerospace-Grade Industrial Fastener Demand by Threading Type, 2004 - 2018 (million dollars)

Figure 3-10 | Aerospace-Grade Industrial Fastener Market Share by Company, 2018 (billion dollars)

MARKETS

Figure 4-1 | Industrial Fastener Markets

Figure 4-2 | Industrial Fastener Demand Share by Market, 2018 (billion dollars)

Figure 4-3 | OEM Industrial Fastener Demand, 2004 - 2018 (million dollars)

Figure 4-4 | Motor Vehicle OEM Industrial Fastener Demand, 2004 - 2018 (million dollars)

Figure 4-5 | Machinery OEM Industrial Fastener Demand, 2004 - 2018 (million dollars)

Figure 4-6 | Aerospace Equipment OEM Industrial Fastener Demand, 2004 - 2018 (million dollars)

Figure 4-7 | Fabricated Metal Product Industrial Fastener Demand, 2004 - 2018 (million dollars)

Figure 4-8 | Electrical & Electronic Product Industrial Fastener Demand, 2004 - 2018 (million dollars)

Figure 4-9 | Furniture & Wood Product Industrial Fastener Demand, 2004 - 2018 (million dollars)

Figure 4-10 | Other OEM Industrial Fastener Demand, 2004 - 2018 (million dollars)

Figure 4-11 | MRO Industrial Fastener Demand by Sector, 2004 - 2018 (million dollars)

Figure 4-12 | Construction Industrial Fastener Demand by Building Type, 2004 - 2018 (million dollars)

INDUSTRY STRUCTURE

Figure 5-1 | Industrial Fastener Market Share, 2018 (billion dollars)

Figure 5-2 | US Industrial Fasteners: Leading Supplier

Figure 5-3 | US Industrial Fasteners: Second Leading Supplier

Figure 5-4 | US Industrial Fasteners: Third Leading Supplier

Figure 5-5 | US Industrial Fasteners: Fourth Leading Supplier

APPENDIX

Figure 6-1 | Annual Growth in Real GDP, 2000 - 2018, Compared to 1980 - 2005 Average (percent)