Fastener Shanghai
fastener
Official WeChat
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->U.S. Industrial Fasteners Demand to Top $15 Billio...You are the 582418 visitors
Views:2124   |   recommendation:   |   Votes:0   |   Discuss:0
U.S. Industrial Fasteners Demand to Top $15 Billion

The U.S. market for industrial fasteners is expected to increase 2.6% per year to $15.2 billion in 2020, according to a new report by the Freedonia Group.

"This will constitute a return to more sustainable growth levels for these relatively mature products, following a surge in demand posted during the recovery-fueled 2010-2015 period."

The performance of this industry has always been strongly impacted by trends in motor vehicle production, its largest end-user market. 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. These and other trends are presented in Industrial Fasteners, a new study from The Freedonia Group, a Cleveland-based industry research firm.

"Competition from alternative joining technologies -- such as adhesives, clinching, and welding -- will prevent further gains in a number of applications."

While opportunities for value-added technological improvements exist, they tend to be limited in many markets.

Finally, competition from foreign producers will continue to be intense in this industry.

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 aerospace-grade fasteners, particularly those made of titanium.

Sales of standard industrial fasteners will post gains through 2020 at more subdued rates than those experienced during the 2010-2015 period. Growth is expected to return to a sustainable rate for these relatively mature products, many of which are considered commodities.

Production gains in the motor vehicle market will slow considerably from the output growth registered during the 2010-2015 period, dampening associated fastener sales.

Machinery shipments are also 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 in fabricated metal products.

Source: The Freedonia Group and Global Fastener News

2016/5/28 11:10:00

Previous:    US steel probe 'reflects trade protectionism'
        Next:    Stainless steel anti-dumping due to expire January 2017

Recent Related News
China Export Tax Rebates for Fasteners Increased to 10%--2019-03-23
Top 100 China Fastener Suppliers 2018 Unveiled--2019-01-31
Taiwan’s Fastener Export Reached New High in 2018 --2019-01-29
Fastener Distributor Index Slips for Second Straight Month--2019-01-18
Taiwan’s Small Screw Exports Reaches New High--2018-12-29
China’s Fastener Exports Increase in First 10 Months--2018-12-27
Taiwan Fastener Exports Hit New High Record --2018-12-25
Alleged cover up of bolt failures in New York bridge--2018-12-25
U.S. November Fastener Distributor Index Dips Slightly--2018-12-21
U.S. Fed raises rates, but signals slower pace of hikes next year--2018-12-20
USA and China Reach Interim Agreement in G20 Summit on “No Additional Tariffs” for 3 Months--2018-12-13
U.S., China Agree on Trade War Ceasefire After Trump, Xi Summit--2018-12-03

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener2fastener

Fastener Trade Show Suzhou


China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

•WIN EurAsia, Mar 14-17, 2019, Istanbul, Turkey

•Fastener Fair Stuttgart, Mar 19-21, 2019, Stuttgart, Germany

•Fastener Fair India, Apr 25-26, 2019, Mumbai, India



Show Room



Offer Product

Latest News
• China Export Tax Rebates for Fasteners Increased to 10%

• Italian experts boost Zhejiang manufacturing

Buyers' Guide
Company News

• YuYao No. 2 Standard Fastener/YuYao Biaoer: A Reliable Partner For Eyebolts

• Wuxi Anshida Hardware Co.,Ltd: Pursue Perfection with Persistence

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener