US Industrial Fastener Market
Resource from: PRNewswire Likes:226
Jul 01,2016
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.
(PRNewswire)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
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