IBISWorld Report: The UK Domestic Market for Fastener and Screw Machine Products Will Exceed £ 0.8 Billion in 2011-2012

According to the ISIBWorld's research, the global market for fasteners worth over US$50 billion. UK manufacturers target niche high-value segments, but the local industry is small on a global scale. The major players in the industry are subsidiaries of foreign-owned global companies. The industry tends to focus on the bases of automotive and aerospace manufactures. The industry mainly spreads over the West Midlands, significantly accounting for 39﹪of the total. The main fastener & screw machine products manufactures such as Alcoa Fastening Systems Ltd, Tucker Fasteners Ltd, Caparo Atlas Fastenings Ltd and Lone Star PRD Group Ltd all locate in this area.

The fastener & screw machine product manufacturing industry is expected to generate revenue of £497.7 million in 2011-12, up 3.4% compared with 2010-11. The domestic market for fastener and screw machine products is estimated to a total £861.7 million in 2011-12, up 5.5% compared with the previous year.