BTA Forecasts U.S. Fastener Sales to Rise 2.8% in 2006

John Wolz

Business Trends Analysts are forecasting U.S. fastener sales will rise 2.8% to $7.4 billion in 2006 and that will grow to $9 billion by 2014.

“Sales by U.S. manufacturers of industrial fasteners are slowly rising again after declining in 2001, 2002 and 2003, according to the 2005/2006 Outlook for the U.S. Industrial Fastener Industry by Commack, NY-based Business Trends Analysts.

Excerpts from BTA”s Outlook: The automotive industry is the largest customer for U.S. fasteners and could reach $3.5 billion in 2006. Automotive accounts for 41% of the fastener sales. Aerospace totals 10.6% of fastener sales.

More than 4,000 U.S. distributors supply fasteners to OEMs. Distributorships average $3 million to $6 million in annual sales.

Business Trends Analysts forecasts producer prices for industrial fasteners will rise by 2% in 2006.
The fastener industry study, directed by Matthew Carroll, includes an overview of the U.S. industrial fastener industry, end-use markets, factors affecting demand, distribution, producer price trends, structural analysis of the industry, imports, exports, profiles of 14 private and publicly held companies and a directory of U.S. manufacturers. The 399-page print edition of Outlook is $1,995. There also is an electronic version. BTA also provides custom research for market information. For information contact Business Trend Analysts Inc. Tel: 631 462-5454 Fax 631 462-1842 E-mail: sales@bta-ler.com Web: bta-ler.com �2005 FastenerNews.com