Nut, Bolt, Screw and Rivet Manufacturing in Australia - Industry Market Research Report

Nut, Bolt, Screw and Rivet Manufacturing in Australia - Industry Market Research Report

Nut, Bolt, Screw and Rivet Manufacturing in Australia

Challenging demand conditions have caused the Nut, Bolt, Screw and Rivet Manufacturing industry to take a hit. Significant demand for nuts, bolts, screws and rivets comes from downstream construction and manufacturing industries. But logistical delays and working restrictions after the COVID-19 pandemic dulled demand from construction. Demand from aircraft manufacturing and repair services has also been falling – people were unable to travel internationally because of border restrictions, meaning that fewer firms in these markets needed the industry's services. As a result of these changes, revenue is expected to drop at an annualised 2.4% to $796.0 million over the five years through 2022-23. This trend includes a fall of 4.4% in 2022-23, fuelled by lower demand from power automation products because of higher production costs in the wake of greater input prices.

Industry firms primarily manufacture metal nuts, bolts, screws, rivets, fasteners, metal washers or other precision turned metal items.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.