Industrial Fasteners analyzes the US industrial fastener market. It presents historical demand data (2005, 2012, 2018) 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.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 2010-2018 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.
US Industrial Fastener Market Forecasts
- Nov 28, 2018-
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.