Hardware & Fastener Manufacturing Report Summary

SIC Codes: 3451 3452
NAICS Codes: 332721 332722

Chapters Include

  • Industry Overview
  • Quarterly Industry Update
  • Business Challenges
  • Trends and Opportunities
  • Call Preparation Questions
  • Financial Information
  • Industry Forecast
  • Website and Media Links
  • Glossary of Acronyms

Hardware & Fastener Manufacturing Industry Overview

Excerpt from Hardware & Fastener Manufacturing Report

Companies in this industry manufacture hardware (including metal hinges, handles, keys, and locks) or fasteners (including metal nuts, bolts, screws, and rivets). Major companies include Illinois Tool Works, MNP Corporation, Precision Castparts, and Simpson Manufacturing (all based in the US), as well as Adolph Würth (Germany), Aoyama Seisakusho (Japan), Chun Yu Works (Taiwan), KPF (South Korea), and Ningbo Jiulong Fasteners Manufacture (China).

Competitive Landscape

Demand is driven by the needs of other industrial companies, and to a lesser extent by consumer spending. The profitability of individual companies depends on technical expertise and efficiency of operations. Large companies have economies of scale in purchasing raw materials. The specialized nature and use of many products allows smaller companies to compete effectively. The hardware segment is concentrated: the top 50 companies account for 80% of segment revenue. The fastener segment is fragmented: the top 50 companies account for 30% of segment revenue.

Products, Operations & Technology

Fasteners account for about 80 percent of industry revenue; hardware accounts for about 20 percent. Specific fastener products include ferrous and nonferrous bolts, nuts, screws, washers, rivets, nails, staples, tacks, cotter and dowel pins, hose clamps, hooks and latches, toggle bolts, and turnbuckles. Major hardware products include metal hinges, handles, and brackets; casters; key blanks; and locks (except coin-operated or time-locks).

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