Fastener demand for accelerated growth in the United States

U.S. industrial fastener demand is expected to be 1.2% annual rate in 2013 reached 12.5 billion U.S. dollars. Expected recovery in production of the automotive industry will bottom out in 2008 and led the sales growth. Construction investment, especially in the construction of residential buildings will also be a strong rebound in the market to promote the expansion of fasteners. In addition, by providing innovative, high-performance products for additional profits fastener manufacturers to promote the growth. And between 2003 to 2008 as a result of the increase in prices led to sharp drop in demand for different needs at this time to achieve real growth. Trend of related industries, headquartered in Cleveland at the industry research firm - Freedonia.
A number of factors will limit the high-growth, including the connection from alternative competitive technologies, such as adhesives, riveting and welding pressure. In addition, many of the major OEM (original equipment manufacturer) industry output is generally considered to slow down and even in some cases will be reduced. Most likely to inhibit growth is expected to decline in the price of fasteners. Mainly due to the declining cost of raw materials, industrial fasteners will be the average price decline in 2013.
Level for the aviation market demand for fasteners standard fasteners for more than, their respective growth is expected to reach 1.4% and 1.1%. Continued growth of air traffic equipment shipments led the gains in this area. The trend of large aircraft also increased the demand for fasteners. However, the market demand for the further expansion of defense spending will be restricted to slow down. In addition, aircraft and spacecraft will be increasingly used in composite materials, which will also be used to reduce the use of fasteners.
Residential buildings in the new building out of the trough in 2008 and began a steady recovery, spurred by demand for construction in 2013 will achieve the fastest growth rate. Industrial fastener manufacturers, OEM's application will continue to be their most important markets. Fastener and OEM sales share in the growth of the automotive industry will benefit from the recovery, as well as aviation equipment shipments continued to grow. However, further growth will be constrained by a number of key OEM industry slowdown in shipments, including machinery and electrical / electronic products. In addition, the important products of the metal processing industry is also considered will be reduced to 2013 levels of output.