12/3/2010 12:58:00 PM
NEWS BRIEFS
Report: UK Industrial Fastener Demand To Top $1.12b by 2015
Non threaded fasteners UK’s fastest growing market
Industrial fastener demand in the UK will grow 1% to 3% per year through 2015, UK Market and Business Development (MBD) forecasted.
“UK Industrial Fasteners Market Research Report” found the value of the industrial fasteners market will reach £714.5 million by 2015, representing overall growth of 10% during the five-year period.
Threaded fastener sales — about 80% of the overall UK market — are expected to reach £570 million by 2015, representing a 10% rise in value. Bolts should account for nearly half of all threaded fastener sales, while nuts will decline to 25% of the overall market.
The biggest gain is from non threaded fastener sales, which are forecasted to rise by 12% through 2015.
UK automotive sector recovery is expected to boost industrial fastener demand by 11% to £647.4 million in 2010 — down 19% compared with 2008’s sales peak of £801.8 million.
Industrial fastener consumption in 2009 dropped 26% to £582.3 million, hampered by dwindling car production and reduced construction activity.
“UK Industrial Fasteners Market Research Report” is available for £600 ($950). For more information visit mbdltd.co.uk/UK-Market-Research-Reports/Industrial-Fasteners.htm. ©2010 GlobalFastenerNews.com
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