The U.S. industrial fasteners industry is facing several challenges as it deals with the impact of the COVID-19 pandemic. How has the macroeconomic environment changed and what does it mean for the industrial fasteners industry going forward?
Research and Markets, currently the world’s largest market research center, offers some answers.
A new, “COVID-19 Economic Impact Report: Industrial Fasteners” report looks at how the predicted impact of the pandemic on the current macroeconomic environment in the U.S. compares to other major events since 2000. This includes on previous traumatic events, such as the 9/11 attack and the 2007-08 recession.
The report also provides a historical view of industry sales since 2000, a look at how the industry is being currently impacted, and estimates for sales through 2024 based on the development of new technologies.
Fastener products discussed in the report include:
- Standard-grade and aerospace-grade externally threaded fasteners such as bolts and screws
- Internally threaded fasteners, such as nuts and threaded inserts
- Non-threaded fasteners such as rivets, pins, and washers
- Application-specific (or specialized) standard-grade fasteners, including miscellaneous formed fasteners
Key topics covered include:
- The number of Covid-19 Cases in the U.S. and the impact on industry
- The Covid-19 pandemic compared to the effects of recent recessions
- An overall historical perspective
- The future and anticipated fasteners market to 2024
To learn more and to download the report, please visit here.