Category Archives: fasteners

Industrial Fasteners

Industrial Fasteners

US demand to reach $12.3 billion in 2009 Through 2009, US demand for industrial oem fasteners will increase 3.9 percent annually to $12.3 billion. Gains will be supported by a healthy rise in durable goods output, especially industrial machinery and aerospace equipment. In addition, increased motor vehicle production will provide opportunities,although these will be less pronounced than over the past decade when the shift to larger models increased the need for fasteners in motor vehicles. The move to larger models drove the value of fasteners in the average vehicle from around $185 in 1994 to nearly $265 in 2004;however, since the share of larger trucks and sport utility vehicles produced will level off, per vehicle fastener usage will stabilize as well. Also limiting increases will be downward pricing pressure, particularly as raw material prices moderate and surcharges introduced in 2004 are eliminated. Functional competition from alternative joining technologies like adhesives and cinching, as well as a moderation in residential building construction, will also restrain demand through 2009.

Specialty types to lead gains in sales

Sales of higher performance specialty product types, which include most application specific standard fasteners and aerospace grade fasteners, will expand more rapidly than commodity fasteners, with demand for these two categories exceeding $3.5billion in 2009. Gains will be driven by the improved performance and, in many instances, easier installation and thus lower labor costs that these products provide.