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US Industrial Fastener Market

  • May 2016
  • -
  • Freedonia
  • -
  • 261 pages

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.

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.

Table Of Contents

US Industrial Fastener Market
EXECUTIVE SUMMARY


MARKET ENVIRONMENT


General


Economic Environment


Cyclical Trends


Long-Term Trends


Market Dynamics


OEM


MRO


Construction


Pricing Patterns


Fastener Materials


Metals


Plastics


Technology


Basic Fastener Technology


New Technologies


Competitive Joining Technologies


Legal and Regulatory Environment


International Environment


World Supply and Demand


US Foreign Trade


Imports


Exports


PRODUCTS


General


Standard Fasteners


Externally Threaded


Standard Screws


Standard Bolts


Other


Internally Threaded


Conventional Nuts


Other


Nonthreaded


Rivets


Washers


Other


Application-Specific


Leading Producers


Aerospace-Grade Fasteners


Externally Threaded


Internally Threaded


Nonthreaded


Leading Producers


MARKETS


General


Original Equipment Manufacturing


Motor Vehicles


Industry Outlook


Fastener Market


Machinery


Industry Outlook


Fastener Market


Aerospace


Industry Outlook


Fastener Market


Fabricated Metal Products


Industry Outlook


Fastener Market


Electrical and Electronic Products


Industry Outlook


Fastener Market


Furniture and Wood Products


Industry Outlook


Fastener Market


Other OEM Applications


Maintenance/Repair/Operations


Services


Sector Outlook


Fastener Market


Industrial


Sector Outlook


Fastener Market


Public/Institutional Sector


Sector Outlook


Fastener Market


Construction


INDUSTRY STRUCTURE


General


Industry Composition


Market Share


Product Development and Manufacturing


Marketing and Distribution


Cooperative Agreements


Financial Requirements


Mergers, Acquisitions, and Industry Restructuring


Company Profiles


AAA Aircraft Supply, see Berkshire Hathaway


Acument Global Technologies, see Fontana Luigi


Air Industries, see Berkshire Hathaway


AJAX Metal Processing, see Cold Heading


Alcoa Incorporated


Allfast Fastening Systems, see TriMas


Aoyama Seisakusho Company Limited


ARaymond, see Raymond (A.) Group


Arnold Umformtechnik, see Würth (Adolf)


ASYST Technologies, see EJOT Holding


Atlas Bolt and Screw, see Berkshire Hathaway


Automatic Screw Machine Products, see Doncasters Group


Avibank Manufacturing, see Berkshire Hathaway


AVK Industrial Products, see Berkshire Hathaway


Baier and Michels, see Würth (Adolf)


Berkshire Hathaway Incorporated


Böllhoff (Wilhelm) GmbH and Company KG


Cardinal Fastener, see Fastenal


Cherry Aerospace, see Berkshire Hathaway


Cold Heading Company


Delo Screw Products, see Park-Ohio Holdings


Des Moines Bolt, see Würth (Adolf)


Dokka Fasteners, see Würth (Adolf)


Doncasters Group Limited


Duo-Fast Construction, see Illinois Tool Works


EBC Industries, see Doncasters Group


EJOT Holding GmbH and Company KG


ERICO Global, see Pentair


Erie Bolt, see Doncasters Group


FACIL and Cie GCV, see KAMAX Holding and Raymond (A.) Group


Fastenal Company


Fatigue Technology, see Berkshire Hathaway


Federal Screw Works


Ferry Cap and Set Screw, see Doncasters Group


Fontana Luigi SpA


Fremont Rolling, see Cold Heading


General Fasteners, see MNP


GESIPA Fasteners USA, see SFS Group


Global Fastener Alliance, see Böllhoff (Wilhelm), EJOT Holding, and MacLean-Fogg


Greer Stop Nut, see Berkshire Hathaway


Hilti AG


Ifastgroupe LP


Illinois Tool Works Incorporated


Indiana Automotive Fasteners, see Aoyama Seisakusho


Infasco Distribution, see Ifastgroupe


ITW California Industrial Products, see Illinois Tool Works


KAMAX Holding GmbH and Company KG


Koninklijke Nedschroef Holding, see Shanghai Prime Machinery


Lamons Gasket, see TriMas


Link Solutions for Industry


MacLean-Fogg Company


Marmon Holdings, see Berkshire Hathaway


MNP Corporation


Monogram Aerospace Fasteners, see TriMas


Nelson Stud Welding, see Doncasters Group


Net Shaped Solutions Technologies, see Berkshire Hathaway


Nifco Incorporated


Nucor Corporation


Nylok, see Berkshire Hathaway


Pan American Screw, see Berkshire Hathaway


Park-Ohio Holdings Corporation


PB Fasteners, see Berkshire Hathaway


PennEngineering and Manufacturing Corporation


Pentair plc


PIOLAX Incorporated


Powers Fasteners, see Stanley Black and Decker


Precision Castparts, see Berkshire Hathaway


Raymond (A.) Group


Raywal North America, see Raymond (A.) Group


RBandW Manufacturing, see Park-Ohio Holdings


Robertson, see Berkshire Hathaway


Saturn Fasteners, see Fontana Luigi


SFS Group AG


Shanghai Prime Machinery Company Limited


Shur-Lok, see Berkshire Hathaway


Southco Incorporated


Specialty Bar Products, see Doncasters Group


SPS Technologies, see Berkshire Hathaway


Stanley Black and Decker Incorporated


Supply Technologies, see Park-Ohio Holdings


SURE DRIVE USA, see Berkshire Hathaway


Timberline Fasteners, see Würth (Adolf)


TriMas Corporation


TRW Automotive Holdings, see ZF Friedrichshafen


Western Builders Supply, see Berkshire Hathaway


Würth (Adolf) GmbH and Company KG


ZF Friedrichshafen AG


Additional Companies in the US Industrial Fastener Industry




List of Tables


EXECUTIVE SUMMARY


Summary Table


MARKET ENVIRONMENT


Macroeconomic Indicators


Industrial Fastener Market, 2005-2015


Manufacturers' Shipments


Private Fixed Investment by Sector


Construction Expenditures


Industrial Fastener Price Deflators


Fastener Demand by Material


World Industrial Fastener Demand by Region


US Foreign Trade in Industrial Fasteners


US Industrial Fastener Imports by Source, 2005-2015


US Industrial Fastener Exports by Destination, 2005-2015


PRODUCTS


Industrial Fastener Supply and Demand


Standard Fastener Supply and Demand


Externally Threaded Standard Fastener Demand


Internally Threaded Standard Fastener Demand


Nonthreaded Standard Fastener Demand


Application-Specific Standard Fastener Demand


Aerospace-Grade Fastener Supply and Demand


Externally Threaded Aerospace-Grade Fastener Demand


Internally Threaded Aerospace-Grade Fastener Demand


Nonthreaded Aerospace-Grade Fastener Demand


MARKETS


Industrial Fastener Demand by Market


OEM Industrial Fastener Demand by Market


Motor Vehicle Indicators


Motor Vehicle Fastener Demand


Machinery Shipments


Machinery Fastener Demand


Aerospace Equipment Shipments


Aerospace Equipment Fastener Demand


Fabricated Metal Product Shipments


Fabricated Metal Product Fastener Demand


Electrical and Electronic Product Shipments


Electrical and Electronic Product Fastener Demand


Furniture and Wood Product Shipments


Furniture and Wood Product Fastener Demand


Other OEM Fastener Demand


MRO Fastener Demand by Market


Selected Service Revenues


Service Sector Fastener Demand


Industrial Sector Outlook


Industrial Sector MRO Fastener Demand


Government Spending and Investment


Public/Institutional Sector Fastener Demand


Construction Sector Fastener Demand


INDUSTRY STRUCTURE


Selected US Industrial Fastener Sales by Company, 2015


Selected Cooperative Agreements


Selected Acquisitions and Divestitures




List of Charts


SECTION I -- EXECUTIVE SUMMARY
MARKET ENVIRONMENT


Industrial Fastener Market, 2006-2015


Industrial Fastener Price Deflators, 2005-2025


PRODUCTS


Standard Fastener Demand by Type, 2015


Standard Fastener Market Share, 2015


Aerospace-Grade Fastener Demand by Type, 2015


Aerospace-Grade Fastener Market Share, 2015


MARKETS


Industrial Fastener Demand by Market, 2005-2025


OEM Industrial Fastener Demand by Market, 2015


Value Growth by OEM Market, 2015-2020


MRO Fastener Demand by Market, 2015


INDUSTRY STRUCTURE


Industrial Fastener Market Share, 2015

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