Well-oiled machine: Demand from aircraft manufacturers helps the industry hold fast

Fasteners are important components in many products and structures. UK manufacturers typically target niche high-value segments, such as the aerospace and automotive sectors. The domestic industry is small compared with the global market, which is estimated to be worth over £50 billion. The largest UK companies are subsidiaries of foreign-owned global companies.The industry has expanded at a steady pace over the past five years. Although industrial production activity only increased weakly, the more technologically advanced manufacturing industries performed well due to beneficial operating conditions. For instance, aircraft manufacturers benefited from strong demand conditions, which stimulated demand for fasteners and related products used in aircraft manufacturing...read more.

Industry Statistics & Market Size
Revenue
£725.4m
Annual Growth 13-18
5.2%
Forecast Growth 18-23
Profit
Employment
5,751
Businesses
185

Industry Threats & Opportunities

  • The industry has grown at a steady pace, partly thanks to demand from aircraft manufacturers
  • A slump in the value of the pound due to the EU referendum result supported exports
  • Additional funding for the construction of institutional buildings should support demand
  • Industry Report - Industry Analysis Chapter

    Fastener manufacturers in the United Kingdom tend to be relatively small niche operators that target high-value segments, such as the automotive and aerospace sectors, with customers that are highly conscious of reliability and quality. Globally, the major manufacturers of fasteners tend to be located in countries that have big industrial sectors, such as the United States, Germany, Japan, China and Taiwan.The industry has performed well over the past five years. Although industrial production activity growth remained relatively weak, more technologically advanced manufacturing industries, such as motor vehicle and aircraft manufacturing, expanded and stimulated demand. Con...purchase to read more.

    Additional Insights for the Fastener & Screw Machine Product Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fastener & Screw Machine Product Manufacturing Industry are

  • Ability to expand and curtail operations rapidly in line with market demand
  • Development of new products
  • Prompt delivery to market
  • IBISWorld analysts also discuss how external factors such as Industrial production index and MSCI World Index in the Fastener & Screw Machine Product Manufacturing industry impact industry performance..

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    What's in this report

    What is the Fastener & Screw Machine Product Manufacturing Industry?

    Companies in this industry manufacture fasteners like screws, bolts and nuts. They also manufacture rivets, washers and screw machine products.

    Industry Products
  • Threaded bolts
  • Threaded screws, nuts, hooks and rivets
  • Non-threaded fasteners
  • Industry Activities
  • Rivet, washer and similar non-threaded product
  • Screw machine product
  • Bolt, screw, nut and similar threaded product
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • MSCI World Index
  • Total value of construction
  • Demand from motor vehicle manufacturing
  • Real effective exchange rate

  • Current Performance
  • Demand widens
  • Intense foreign competition
  • Margins improve
  • Chart: Revenue Growth

  • Industry Outlook
  • Domestic trends
  • Import competition
  • Potential issues
  • Table: Fastener & Screw Machine Product Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fastener & Screw Machine Product Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Metal Structure Manufacturing
  • Electrical Appliance Manufacturing
  • Engine & Turbine Manufacturing
  • Motor Vehicle Manufacturing
  • Aircraft, Engine & Parts Manufacturing

  • Key Selling Industries
  • Aluminium Production
  • Copper Production
  • Iron & Steel Manufacturing
  • Other Non-Ferrous Metal Production

  • Products & Services
  • Threaded screws, nuts, hooks and rivets
  • Threaded bolts
  • Non-threaded fasteners
  • Chart: Fastener & Screw Machine Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Distributors
  • Manufacturers and construction industries
  • Chart: Major Market Segmentation for the Fastener & Screw Machine Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Fastener & Screw Machine Product Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fastener & Screw Machine Product Manufacturing Industry

  • Industry Globalization
    SPS Technologies Ltd, Avdel UK Ltd,
  • Table: SPS Technologies Ltd - financial performance
  • Table: Avdel UK Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Fastener & Screw Machine Product Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Fastener & Screw Machine Product Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Bolt
  • A threaded fastener with a head that is intended to be used with a nut.
  • Dumping
  • When manufacturers export a product and sell it in unusually large quantities or at a lower price than they would in their home market.
  • Rivet
  • A permanent mechanical fastener. Before it is installed, a rivet consists of a smooth cylindrical shaft with a head at one end.
  • Screw
  • A headed threaded fastener that is designed to be used in conjunction with a pre-formed internal thread or to form its own thread.
  • What Our Customers Say

    Why buy this report?

    The Fastener & Screw Machine Product Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Fastener & Screw Machine Product Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Fastener & Screw Machine Product Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fastener & Screw Machine Product Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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