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

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

Screw, Nut & Bolt Manufacturing in the US

Companies in the Screw, Nut and Bolt Manufacturing industry produce metal fastening products that are divided into two groups: precision fastening products, which are custom-made for a particular project or customer, and generic fasteners, which consist of metal bolts, nuts, screws, rivets and washers fabricated to an industry standard and designed for the broader market. Various manufacturing industries, including aircraft, automobiles and appliances and various construction projects, like bridges and buildings, use both product categories. Through 2023, competition from substitute products, like adhesives, and deteriorating demand from downstream markets have stifled industry growth. The pandemic has also added to volatility. Expressly, the world price of steel has fluctuated massively, creating uncertainty. Revenue has grown at a CAGR of only 0.9% to $40.6 billion in 2023.

This industry 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 shares.