Overview of the Market for Bolt, Nut, Screw And Washer in the USA
In value terms, bolt, nut, screw and washer production totaled $ in 2019. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of % year-to-year. As a result, production attained the peak level of $. From 2015 to 2019, production growth remained at a somewhat lower figure.
The size of the market for bolts, nuts, screws, rivets and washers in the U.S. amounted to $ in 2019, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of % y-o-y. Bolt, nut, screw and washer consumption peaked in 2019 and is likely to see steady growth in the immediate term.