This report reviews the market for the construction and DIY market for mechanical fasteners. The various distribution channels are reviewed and key company profiles detailed. Key product sectors, market sizes, trends and factors influencing the market are assessed; although it should be emphasised that with such a wide variety of products, only a summary of each is possible in the scope of this report. The future prospects for this market are also considered. Detailed market data and insight on the mechanical fasteners in construction market by AMA Research, a leading UK provider of construction market intelligence.
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AMA Research have published the First Edition of the report ‘Mechanical Fasteners in Construction Market Report – UK 2015-2019’, which quantifies demand for nuts & bolts, screws, nails, anchors and other types of fasteners used in civil engineering, building and RMI (including DIY) applications. The report also assesses key market drivers and provides a detailed analysis of the market structure, along with a market forecast to 2019.
Key drivers for growth are levels of activity across the building, civil & structural engineering and RMI sectors, key growth areas being housebuilding and infrastructure works. In recent years increasing global steel prices have also contributed to market growth rates. However, over the medium-longer term key factors likely to restrict growth are critical skills shortages among both trades and professions as well as the natural maturity of the marketplace.
However, the lower priced, standard /generic commodity end of the market is dominated by imports, not just from low cost manufacturers in China and other Asian economies, but also from European and US manufacturers of branded products. UK manufacture is primarily limited to specialist fasteners used in applications such as structural steelwork and cladding systems, a large proportion of which is exported.
Ancon, Cooper & Turner, ITW Construction Products, Hilti GB, SFS Intec, EJOT UK, Fischer Fixings, UK, Wurth UK, Hexstone, Harrison & Clough, TI Midwood, Apex Stainless Steel Fasteners, TFC and BAPP Industrial Supplies.
This report attempts to quantify by value, the construction market for mechanical fasteners. Within our definition the construction market includes new build in residential and non-residential applications, civil engineering works – e.g. bridges, tunnels – and RMI (including DIY). Mechanical fasteners are broadly split between threaded products (screws, nuts and bolts) and non-threaded, e.g. nails, tacks and staples. In the UK it is estimated that by value, construction accounts for some 15 -18% of mechanical fastener demand. However, the size of the sector may vary depending on the definition.
The market is mature with the result that annual growth rates are typically quite low. The other main factor keeping rates down is that the vast majority of standard products, used on building and RMI works are made up of low-cost imports. The market for mechanical fasteners in construction applications has grown by an estimated 5% during 2014, higher than in previous years. Underpinning growth has been improvements in housebuilding and other construction output and also some increases in the global prices for commodities such as steel.
Specific areas of growth in demand for mechanical fasteners have been infrastructure works, especially tunnels and bridges /gantries and in particular the Thameslink and Crossrail programmes, external wall insulation on social housing RMI projects, curtain wall and rainscreen cladding on medium-high rise office developments and steel building envelope systems on warehousing developments, driven by the growth in online retailing.
Conditions for mechanical fasteners are expected to continue to improve in 2015 and with the continuation of the Crossrail project and the planned HS2 programme, demand for added-value high tensile fasteners should remain strong. Other likely areas of demand growth include housebuilding, online distribution warehousing, utilities improvement programmes, medium-high rise office new build and the leisure sector. However, recovery is likely to be slow, limited by public sector spending cuts and dependent on growth in orders across the construction industry, and growth from 2016 onwards is likely to be more modest at 3-4% per annum.
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