Industrial Fasteners, Nuts and Bolts, Mild Steel and High Tensile Nuts and Bolts, hardware fasteners, M.S. and H.T. Nuts and Bolts Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey
Thursday, February 23, 2017
Industrial Fasteners, Nuts and Bolts, Mild Steel and High Tensile Nuts and Bolts, hardware fasteners, M.S. and H.T. Nuts and Bolts Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics, Production Schedule, Working Capital Requirement, Plant Layout, Process Flow Sheet, Cost of Project, Projected Balance Sheets, Profitability Ratios, Break Even Analysis
Bolts and nuts are one group of industrial fasteners extensively used in all branches of production activities. Nuts and bolts consist a major link in the family of industrial fasteners and are used by every industry. They are used in the production of all types of physical products especially made from metal and wood. Bolts and nuts are mostly made from mild steel, but in small quantities they can also be made from other ferrous and non-ferrous metals. Nuts and bolts are used for fastening purpose in industries where there placement of pieces and the parts is necessary. There are many industries producing these nuts and bolts of various sizes, but the demand too is increasing as well as the raw material for the product is easily and indigenously available.
During the last four years average annual imports of nuts and bolts were 40,000 tons. This quantity alone can justify the establishment of a bolts and nuts producing plant. With increasing demand for these products, there is increasing need for such a plant.
NUTS BOLTS MAKING MARKET POTENTIAL
The demand of nuts and bolts is influenced by the following factors:
Transportation industries, Railways, aircraft, wagon, bicycles, automobile, body builders, etc.
Electrical industries like manufacturing of transformer, electric motors, fans etc.
Building activities such as the construction of bridges, fabrication of various steel structure etc.
Other heavy and light industries, steel and wooden furniture, machine tools, agricultural machines and agricultural implements etc.
Fasteners industry is evolving from commodities to customized market since most auto manufacturers have different design specifications for their assemblies. Fasteners, commonly known as Nuts, Bolts & Screws find wide application in Automobile, Agriculture and Engineering Industries. Thus Heavy and Medium Commercial Vehicles, Light Commercial Vehicles, Utility Vehicles, Cars, Three Wheelers, Tractors, Heavy Earth Moving Equipments, Machine Tools, Textile Machinery, Railways, Defence, Power, Telecommunication, Aircrafts, Space crafts, Air-Conditioning and Refrigeration etc. need fasteners for sub or main assembly. In fact there is no assembly complete without fasteners. The automotive industry is the largest end-user of fasteners with the remaining demand coming from sectors like textile machinery, railway locomotives, construction, computer hardware and general engineering.
The global market for Industrial Fasteners is forecast to reach US$81 billion by the year 2018. Key factors fuelling market growth include revival in motor vehicle production, increased demand from developing regions, and potential growth in construction, electrical and electronic, and aerospace sectors. Fasteners are also in high demand in the manufacture of electrical oriented products, such as lightening and wiring devices, home appliances, and construction equipment.
The highly fragmented industrial fasteners market is characterized by aggressive competition with several large and small players competing to maintain their respective market positions. In various regions, industry consolidation was a predominant trend as small players merged operations with larger prominent players to leverage their resources.
Few Indian Major Players are as under
Agarwal Bolts Ltd.
Atul Fasteners Ltd.
Caparo Engineering India Pvt. Ltd.
Coventry Spring & Engg. Co. Ltd.
Dev Fasteners Ltd.
G K W Ltd.
G S Auto International Ltd.
Indian Fasteners Ltd.
Jaico Steel Fasteners Ltd.
Lakshmi Precision Screws Ltd.
Mohindra Fasteners Ltd.
Patton Electro Ltd.
Pooja Forge Ltd.
Precision Fasteners Ltd.
Quick Thread Pvt. Ltd.
Rockfort Fasteners Ltd.
Small Tools Mfg. Co. Of India Ltd.
Sterling Tools Ltd.
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