According to a market report released by the UK research institute Market and Business Development, MBD in September this year, the demand for the industrial fastener market in the UK will increase from 2010 to 2015. It grows at a rate of 1% to 3% per year.
The report predicts that in the short term, the development of the UK fastener market is still hampered by many economic factors, and many important industries using fasteners will face tremendous pressure. In 2015, the total sales of industrial fasteners in the UK will reach 715 million pounds based on the 2010 price, compared with 2010, there will be a 10% increase.
In addition, in 2015, sales of threaded fasteners will reach 570 million pounds based on 2010 prices, compared with 2010, will increase by 10%. In 2015, the market demand for threaded fasteners still ranked first, accounting for 80%, of which bolts will account for 50% of the total demand for all threaded fasteners, and nuts will decline, about 25%; Fastener sales are expected to increase by 12%.
The report also pointed out that in 2009, UK fastener sales were 582 million pounds, down 26% year-on-year, mainly because of the downturn in the UK automotive industry and construction industry.
Although the UK fastener industry is not very optimistic in 2009, in 2010, sales of industrial fasteners in the UK will increase as the auto industry shows signs of recovery. However, the construction industry is still relatively weak in 2010. The report predicts that demand for industrial fasteners in the UK will reach 647 million pounds in 2010, up 11% year-on-year; compared with 820 million pounds in 2008, it is still down 19%.
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