Screw, Nut & Bolt Manufacturing in Canada - Industry Market Research Report

Screw, Nut & Bolt Manufacturing in Canada - Industry Market Research Report

Screw, Nut & Bolt Manufacturing in Canada

Over the past five years, Canada's Screw, Nut and Bolt Manufacturing industry has deflated amid a broader decline in downstream demand. Declining demand from transportation equipment and aircraft component manufacturing has pressured domestic fastener producers, while swelling import competition has reduced the pool of domestic customers. Countries with low operational costs have boosted price competition, forcing Canadian producers to differentiate through product quality. The pandemic exacerbated declines, causing revenue to contract at a CAGR of 1.6% over the past five years, with revenue falling to an estimated $926.1 million in 2023.

The Screw, Nut and Bolt Manufacturing industry in Canada manufactures metal fastening products that can be divided into two groups. Precision fastening products are custom made for a particular project or customer. Alternatively, metal bolt, nut, screw, rivet, washer and industrial fastening products are fabricated to an industry standard and are designed for the wider market. This industry does not manufacture plastic-fastening products.

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