By 2017, the demand for industrial fasteners in the United States will grow at an annual rate of 4.3%, reaching $14 billion 800 million. Demand growth is mainly due to a rebound in motor vehicle manufacturing market, accounting for about 1/4 of all fastener demand. The fastest growth in fastener sales in the construction market. After 2007-2012 years of decline, the construction market - including residential and non residential, there will be a strong recovery. In the future, fierce competition from fixed adhesive, and welding connection technology, will hinder the fastener demand in many application areas of growth.
In addition, the fastener is a mature product, although the current high value-added technology to improve the application of products in many markets is very limited, but they have their own value.
Finally, competition from foreign manufacturers, such as moderate cost of raw materials and other factors, will inhibit the growth of prices, thereby hindering the growth of the amount of fastener sales.
By 2017, the demand for standard fasteners will be expected to exceed the demand for aerospace products, mainly due to the OEM and the construction market for the use of standard fasteners. External thread fasteners will maintain the largest market share, and access to the fastest growing, with the special purpose of the product.
With the rapid development of aviation equipment transportation, aerospace fasteners will grow better on the basis of 2007-2012. Manufacturers serving the market need to constantly improve to meet the growing demand for the use of composite materials in aircraft manufacturers. Complex designs generally require fewer fasteners, but create opportunities for the design of specific, high value products that are used in conjunction with composite materials.
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