Abstract
US industrial fastener demand to grow 3.8% per year through 2011
Through 2011, US demand for industrial fasteners will increase 3.8 percent
annually to $13.5 billion. Gains will be supported by a healthy rise in
durable goods output, especially aerospace equipment and electrical and
electronic products.
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 $215 in 1996 to nearly $270 in 2006; 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 from mid-decade highs. Functional competition from
alternative joining technologies like adhesives and cinching, as well as a
moderation in industrial machinery shipments and residential building
construction, will also restrain demand through 2011.
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