Future Development of U.S. Fastener Industry

With the recovery of U.S. economy, the fastener industry is also getting back on track, which shows that U.S. fastener industry development is still promising. However, the fastener demand is influenced by the real estates, manufacturing, and production of durable goods. The development of U.S. fastener industry will go toward 3 directions:

1. U.S. real estates and construction industry will recover:
The development of fastener industry will become clear when the current products in stock are completely consumed. This will be related to the rising employment rate in the U.S. as it directly influences consumers’ confidence in buying new houses. Despite of this, it is expected, with the increase of home improvement rate, U.S. real estates market may appear an upward movement, triggering the growth of U.S. fastener industry.

2. In addition to Taiwan and China, U.S. fastener market will become more diversified: Purchasers tend to search for more stable suppliers outside the conventional markets in order to save costs and shorten the lead time. The logistics companies follow this trend and expand the shipping lines at main seaports.

3. The loading of imported fasteners will stop at the U.S. in order to get closer to end users: In the past 7 years, the imports from Asia have been gradually moved to the east ports near Panama Canal, because industries could evade or reduce the shipping costs of stopping at the south ports of California. They want to utilize the Canal to ship goods from Southeast Asia, India to the West.