Machine shops, turned products, and screw, nut, and bolt manufacturing market comprises of establishments primarily engaged in operating machine shops, that are using machine tools, such as lathes and automatic screw machines, for turning, boring, threading or otherwise shaping metal, to manufacture parts, other than complete machines, for the trade. Shops that are being set up to do production runs of industrial fasteners, such as bolts, nuts and screws, are also included.
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The global machine shops, turned product, and screw, nut, and bolt manufacturing market was valued at $1.5 trillion in 2017. Among regional markets, Asia Pacific was the largest geographic region accounting for almost half of the global market. “Smart” Damper, manufactured by BIG KAISER, is a boring bar that are increasingly being used in lathe applications due to its higher productivity at critical boring depth. Damping is an influence to depress oscillations produced due to high sound in the boring bar. Smart Damper however, is a tool holder whose various parts are coordinated with the damping system in order to give a very précised deep hole finished boring in absence of oscillations. It provides better surface finishing, greater accuracy and increased metal removal rates at significant depths compared to the existing methods.
The market in the report is segmented into: machine shops, turned product & screw, nut and bolt.
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China was the largest country in the market, accounting for almost one-third of the global machine shops, turned product, and screw, nut, and bolt manufacturing market. This can be attributed to the large automobile and telecom manufacturing market in the country. China was followed by India and Japan as the next largest countries in the market.
The top five competitors in the market are: Infasco followed by Leland Industries, PCC, EBC Industries and EJOT Holding. Infasco manufactures bolts, nuts, and fastener products. The company was founded in 1958 and is based in Marieville, Canada. Infasco operates as a subsidiary of Ifastgroupe and Company, Limited Partnership.
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