Tightening up: Growth is expected to slow in the current year as uncertainty limits demand

Fasteners are important components in many products and structures. Industry manufacturers typically target niche high-value segments, such as the aerospace and automotive sectors. The domestic industry is rather small compared with the global market. 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, which stimulated demand for fasteners and related products used in aircraft manufacturing...read more.

Industry Statistics & Market Size
Revenue
£709.3m
Annual Growth 14-19
2.9%
Forecast Growth 19-24
Profit
Employment
5,817
Businesses
192

Industry Threats & Opportunities

  • Strong performance from technologically advanced manufacturers supported demand
  • The weak pound has supported consistent growth in exports sincethe EU referendum
  • Though growth in car manufacturing activity is likely to slow, demand is expected to remain strong
  • Industry Report - Industry Investment Chapter

    The Fastener and Screw Machine Product Manufacturing industry has a low level of capital intensity. Applying wages as proxy for labour and depreciation as a proxy for capital investment, the industry has an estimated capital-to-labour ratio of 1:8.54 in 2018-19. This indicates that for every £1.00 spent on capital, industry operators will spend £8.54 on wages. Conversely, for every £1.00 spent on wages or labour, firms are expected to spend 12p on capital.This is a fairly high-technology industry, involving the use of highly skilled employees for production, sales, research and development. Capital costs are also moderate. Machinery is used for milling, drilling, tapping, lathe-turning, threading, boring, shearing, screw machining and punching. Cap...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
  • International influences
  • Margins improve
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand trends
  • Constructing growth
  • 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 competition
  • External 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 (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • 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?

    IBISWorld’s Fastener & Screw Machine Product Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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
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    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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