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April 28, 2005
UK Industrial Fasteners Market Research Report
After researching the UK industrial fasteners market development and taking into account various other factors the following conclusions can be drawn from MBD's report:
Market Review 2000-2004
UK demand for industrial fasteners has fluctuated during the five year review period, with a year of growth followed by a year of reduced demand in each year since 2000. In 2003, sales fell by 2% although this is believed to have been more than offset by a 2% increase in 2004, taking the market to £572.2 million at MSP. Growth has been stimulated by a buoyant construction market, while reduced demand from other enduse sectors such as the automotive industry as well as intense price competition has hindered a more positive development in the market.
Market Forecast 2005-2009
The UK market for industrial fasteners is influenced by the construction sector where further output growth is expected during the next few years. As such, MBD anticipate moderate growth in the fastener sector during the five year the forecast period. Between 2004 and 2009, sales of industrial fasteners are forecast to increase by 2% in real terms. Stronger value growth is expected to be restricted due to increased competition form cheap imports, as well as reduced demand from some enduse industries such as the automotive sector.
Posted by Industrial at April 28, 2005 08:53 PM