Fasteners are important components in many products and structures. Low-quality fasteners pose a serious hazard and can result in equipment failure, personal injury and even death. UK manufacturers typically target niche high-value segments, predominantly the aerospace and automotive industries. The domestic industry is small in comparison with the global market, which is worth over £50 billion. The largest companies in the United Kingdom are subsidiaries of foreign-owned global companies. The Fastener and Screw Machine Product Manufacturing industry is expected to generate revenue of £534.3 million in 2013-14, down 3.3% on 2012-13. The domestic market for fastener and screw machine products is estimated to be worth £894.4…(…)
