Industrial Fasteners to 2013

US industry forecasts to 2011 & 2016

Publication Date	May 2009
Publisher	Freedonia Group
Product Type	Report
Pages	268
ISBN Number	not applicable
Product Code	FED00129

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Summary

US fastener demand to reach $12.5 billion in 2013
US demand for industrial fasteners will advance 1.2 percent per year to $12.5 billion in 2013. Sales will be bolstered by the expected recovery in motor vehicle production from the low levels of 2008. Market expansion will also be supported by accelerating growth in construction spending, particularly a strong rebound in residential building expenditures. In addition, gains will be driven by fastener manufacturers offering innovative products with performance enhancing features, which can be sold at a premium. However, the pace of increase will be restrained by competition from alternative joining technologies such as adhesives, clinching and welding. Furthermore, output in several important OEM industries is expected to moderate, and in some cases even decline, which will limit fastener advances. Perhaps the most significant factor restricting advances will be a forecast decline in fastener prices. Due primarily to falling raw material costs, average industrial fastener prices will decrease through 2013, in stark contrast to the robust price increases posted during the 2003 to 2008 period. After adjusting for inflation, growth through 2013 will be stronger than that of the 2003 to 2008 period.

Aerospace-grade fasteners to outpace standard types
The market for aerospace-grade fasteners will outpace standard fastener sales by a narrow margin, with expected growth of 1.4 and 1.1 percent respectively. Increased shipments of aerospace equipment will drive gains in this area. The trend toward larger aircraft will also support the use of more fasteners. Further market expansion will be held back by a slowing in national defense spending. In addition, aircraft and space vehicles will be increasingly constructed using composite materials, which often require the use of fewer fasteners.

Construction market to grow the fastest
The construction segment will post the fastest gains through 2013, driven by an expected solid recovery in new home construction from the low levels of 2008. Original equipment manufacturing (OEM) applications will continue to be the most significant market for producers of industrial fasteners, due to the dominant size of the market. Advances in the OEM segment will be supported by a recovery in motor vehicle production, as well as by continued growth in aerospace equipment shipments. Further expansion will be restrained by moderating performance in a number of key OEM industries, including machinery and electrical/electronic products. In addition, the important fabricated metal product industry is expected to see decreasing output levels through 2013, which will limit fastener demand.

Content

INTRODUCTION

I.   EXECUTIVE SUMMARY

II.   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
           Specialty Fasteners
           Intelligent Fastening Systems
           Competitive Joining Technologies
         Legal & Regulatory Environment
         International Environment
           World Supply & Demand
           US Foreign Trade
             Imports
             Exports

III.   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

IV.   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 & Electronic Products
            Industry Outlook
            Fastener Market
           Furniture & 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

V.   INDUSTRY STRUCTURE
         General
         Industry Composition
         Market Share
         Product Development & Manufacturing
         Marketing & Distribution
         Cooperative Agreements
         Financial Issues
         Mergers, Acquisitions & Industry Restructuring

Company Profiles
           A-1 Technologies, see Link Solutions for Industry
           AAA Aircraft Supply, see Precision Castparts
           AB Connectors, see TT electronics
           Acument Global Technologies Incorporated
           Air Industries, see Precision Castparts
           Ajax Metal Processing, see Cold Heading
           Alcoa Incorporated
           Allfast Fastening Systems Incorporated
           Anixter International Incorporated
           Aoyama Seisakusho Company Limited
           Atlas Bolt & Screw, see Berkshire Hathaway
           Avibank Manufacturing, see Precision Castparts
           AVK Industrial Products, see Precision Castparts
           BAS Components, see TT electronics
           Berkshire Hathaway Incorporated
           Black & Decker Corporation
           Brainard Rivet, see Fastener Industries
           Cherry Aerospace, see Precision Castparts
           Cold Heading Company
           Danaher Corporation
           Deerwood Fasteners International, see Berkshire Hathaway
           Delo Screw Products, see Park-Ohio Holding
           Doncasters Group Limited
           Emhart Teknologies, see Black & Decker
           ERICO International Corporation
           FACIL & Cie, see KAMAX-Werke Rudolf Kellermann
           Fastenal Company
           Fastener Industries Incorporated
           FastenTech, see Doncaster Group
           Fatigue Technology, see Precision Castparts
           Federal Screw Works
           Ferry Cap & Set Screw, see Doncasters Group
           Galvano, see Ifastgroupe
           General Fasteners, see MNP
           Hilti AG
           Hi-Shear, see Link Solutions for Industry
           Hi-Vol Products, see TriMas
           Holo-Krome, see Danaher
           Huck Fasteners, see Alcoa
           Ifastgroupe
           Illinois Tool Works Incorporated
           Indiana Automotive Fasteners, see Aoyama Seisakusho
           Ingersoll Fasteners, see Ifastgroupe
           KAMAX-Werke Rudolf Kellermann GmbH & Company
           Link Solutions for Industry
           MacLean-Fogg Company
           Marmon Group, see Berkshire Hathaway
           McKechnie Aerospace
           Melrose plc
           MNP Corporation
           Monadnock, see Link Solutions for Industry
           Monogram Aerospace Fasteners, see TriMas
           Nelson Stud Welding, see Doncasters Group
           Nifco America, see Nifco
           Nifco Incorporated
           Nucor Corporation
           NYLOK, see Berkshire Hathaway
           Ohio Nut and Bolt, see Fastener Industries
           Pan-American Screw, see Berkshire Hathaway
           Park-Ohio Holdings Corporation
           PennEngineering & Manufacturing Corporation
           Piolax Incorporated
           Precision Castparts Corporation
           PSM International Limited
           RB&W Manufacturing, see Park-Ohio Holdings
           Robertson, see Berkshire Hathaway
           Rockford Products LLC
           Semblex Corporation
           SFS Holding AG
           Shur-Lok, see Precision Castparts
           Southco Incorporated
           Specialty Bar Products, see Doncasters Group
           Specialty Bolt & Stud, see Berkshire Hathaway
           Spiralock, see Black & Decker
           SPS Technologies, see Precision Castparts
           Sure-Drive USA, see Berkshire Hathaway
           Textron Fastening Systems, see Acument Global
            Technologies
           3V Fasteners, see PennEngineering & Manufacturing
           Tinnerman Palnut Engineered Products Incorporated
            TriMas Corporation
           TRW Automotive Holdings Corporation
           TT electronics plc
           Unbrako, see Precision Castparts
           Wuerth (Adolf) GmbH & Company KG
         Additional Fastener Companies


LIST OF TABLES

         SECTION I -- EXECUTIVE SUMMARY
         Summary Table

         SECTION II -- MARKET ENVIRONMENT
      1   Macroeconomic Indicators
      2   Industrial Fastener Demand, 1998-2008
      3   Manufacturers' Shipments by Industry
      4   Private Fixed Investment by Sector
      5   Construction Expenditures
      6   Industrial Fastener Price Deflators
      7   Industrial Fastener Demand by Material
      8   World Industrial Fastener Demand by Region
      9   US Foreign Trade in Industrial Fasteners
     10   US Industrial Fastener Imports by Source
     11   US Industrial Fastener Exports by Destination

         SECTION III -- PRODUCTS
      1   Industrial Fastener Supply & Demand
      2   Standard Fastener Supply & Demand
      3   Externally Threaded Standard Fastener Demand
      4   Internally Threaded Standard Fastener Demand
      5   Nonthreaded Standard Fastener Demand
      6   Application-Specific Standard Fastener Demand
      7   Aerospace-Grade Fastener Supply & Demand
      8   Externally Threaded Aerospace-Grade Fastener Demand
      9   Internally Threaded Aerospace-Grade Fastener Demand
     10   Nonthreaded Aerospace-Grade Fastener Demand

         SECTION IV -- MARKETS
      1   Industrial Fastener Demand by Market
      2   OEM Industrial Fastener Demand by Market
      3   Motor Vehicle Indicators
      4   Motor Vehicle Fastener Demand
      5   Machinery Shipments
      6   Machinery Fastener Demand
      7   Aerospace Equipment Shipments

    8   Aerospace Equipment Fastener Demand
      9   Fabricated Metal Product Shipments
     10   Fabricated Metal Product Fastener Demand
     11   Electrical & Electronic Product Shipments
     12   Electrical & Electronic Product Fastener Demand
     13   Furniture & Wood Product Shipments
     14   Furniture & Wood Product Fastener Demand
     15   Other OEM Fastener Demand
     16   MRO Industrial Fastener Demand by Market
     17   Selected Service Revenues
     18   Service Sector Fastener Demand
     19   Industrial Sector Indicators
     20   Industrial Sector MRO Fastener Demand
     21   Government Spending & Investment
     22   Public/Institutional Sector Fastener Demand
     23   Construction Industrial Fastener Demand by Market

         SECTION V -- INDUSTRY STRUCTURE
      1   Revenue Data: Selected Industrial Fastener
           Manufacturers, 2008
      2   Capital Spending Patterns: Selected Industrial
           Fastener Manufacturers, 2006-2008
      3   Selected Cooperative Agreements
      4   Composite Financial Ratios: Selected
           Industrial Fastener Manufacturers, 2006-2008
      5   Selected Acquisitions & Divestitures


LIST OF CHARTS

         SECTION II -- MARKET ENVIRONMENT
      1   Industrial Fastener Demand, 1999-2008
      2   Industrial Fastener Price Deflators, 1998-2018

         SECTION III -- PRODUCTS
      1   Industrial Fastener Demand by Type, 1998-2018
      2   Standard Fastener Demand by Type, 2008
      3   US Standard Fastener Market Share by Company, 2008
      4   Aerospace-Grade Fastener Demand by Type, 2008
      5   US Aerospace-Grade Fastener Market Share
           by Company, 2008

         SECTION IV -- MARKETS
      1   Industrial Fastener Demand by Market,1998-2018
      2   OEM Industrial Fastener Demand by Market, 2008
      3   Additional Demand by OEM Market, 2008 & 2013
      4   MRO Industrial Fastener Demand by Market, 2008

         SECTION V -- INDUSTRY STRUCTURE
      1   US Industrial Fastener Market Share by Company, 2008