Executive Summary
The apparent UK market for industrial fasteners is estimated by Key Note to
have been worth £1.09bn in 1996. This figure includes sales of general
fasteners as found in builders' merchants, and specialist fasteners that are
generally only available direct from the manufacturer or its agents. The figure
does not include adhesives, or other fastening methods that do not use discrete
components. The market for general fasteners is relatively static, with higher
revenue due more to price rises than increased demand. The specialist fasteners
market is exhibiting strong growth, especially in export markets.
The market can be divided into two sectors, by category of fastener. General
fasteners, such as nuts, screws, washers and bolts, are those items that can be
found in wholesale and retail outlets, such as builders' merchants,
do-it-yourself (DIY) stores, ironmongers and agricultural suppliers. Specialist
fasteners, such as security fasteners, fasteners made from special materials
and aerospace rivets, are supplied on demand to end-users in the manufacturing
industry; either directly, or through appointed agents and distributors.
The market has been affected by the recession of the early 1990s, which caused
a downturn in three of the main markets, namely automotive manufacture, the
aerospace industry and the construction industry. However, large numbers of
smaller fasteners and plastic fasteners are used in the electronic industry,
and this has helped to keep sales up. There has been a large amount of
overcapacity in the general fastener sector and this has resulted in a
consolidation in the industry during the past few years.
The market for industrial fasteners is predicted to grow to £1.46bn by the
year 2001. While sales for general fasteners are not forecast to grow at more
than 5% per annum, sales of specialist fasteners are expected to grow at a much
stronger rate, as the automotive market increases output and relies more on
specialist rather than general fasteners. The aerospace market is expected to
become the largest destination for specialist fasteners, however, as the
world's ageing fleet becomes due for replacement, and as very large aircraft
are developed in the US.
Sixth Edition 1997
Edited by Russell Langley
ISBN 1-85765-741-1
|
If you are interested in further information about the full Keynote report, including price and how to buy, please complete the following form. You will be contacted by Keynote who will provide you with the information you require.
Denotes a required field.
