U.S. Cold Headed Large Bolts Market Thumbnail Image

2022

U.S. Cold Headed Large Bolts Market

U.S. Cold Headed Large Bolts Market Size, Share, Competitive Landscape and Trend Analysis Report by Size and Application : Opportunity Analysis and Industry Forecast, 2021-2030

CM : Engineering, Equipment and Machinery

Select an option
Author's: Aadarsh Maurya| Amar Chinchane | Sonia Mutreja
Publish Date:

Get Sample to Email

The U.S. cold headed large bolts market size was valued at $75.3  million in 2020, and is projected to reach $120.4  million by 2030, registering a CAGR of 4.8% from 2021 to 2030. Cold headed large bolts are a type of full threaded bolts, which are manufactured from cold heading process. Bolts typically consist of a head and a cylindrical body with threads either throughout or along a portion of its length. Cold heading is the process of manufacturing bolts and other fasteners by altering the shape of an un-heated wire blank at high speed after inserting it into a die. Cold headed bolts are joining mechanism used in various industries that are manufactured using the cold head process. Cold headed or cold forming uses high pressure from a hydraulic press machine to force a metal piece into a performed die. The cold headed process has various advantages over traditional metal working process, as it offers low quantity of waste and scrap and improves consistency and production rate. It offers speed of up to 400 pieces per minute and hence, reduces the production costs as compared to machined components. 

Cold headed large bolts have gained widespread acceptance in automotive, aerospace and industrial machinery manufacturing in the U.S. owing to improved consistency and reduce metal waste. In addition, expansion of automotive and construction sectors owing to increase in government investments is expected to increase the demand for cold headed bolts and thus, drive the market growth during the forecast period. Furthermore, various benefits of cold headed process over machined components are expected to fuel the U.S. cold headed large bolts market growth during the forecast period.  
The construction and automotive sectors in the U.S. have observed significant growth in last few years, which has also increased the demand for cold headed bolts. For instance, in January 2022, the U.S. government announced new investment in the country’s bridges rework and replacement. In 2020, he Department of Transportation launched the Bridge Replacement Rehabilitation, Protection, Preservation and Construction Program. It will allocate $27 billion funds for repair and replace bridges.

US-Cold-Headed-Large-Bolts-Market,-2021-2030

Similarly, In 2021, an automotive manufacturing company, General Motors announced that it is expected to invest $6.6 billion by 2024 to increase electric vehicle production in the U.S. As a result, all such development are expected to increase the demand for cold headed large bolts and thus drive the growth of the U.S. cold headed large bolts market during the forecast period.  

The U.S. cold headed large bolts market is segmented on the basis of size and application. On the basis of size, the market is divided into 1 inch, 1-1/8 inch, and 1-1/4 inch. On the basis of application, the market is segmented into automotive, aerospace, construction, industrial machinery, and others. 

On the basis of application, the automotive segment was the largest revenue generating segment in 2020 owing to increase in manufacturing of electric vehicles.

U.S. Cold Headed Large Bolts Market
By Size
Your browser does not support the canvas element.

1 Inch segment is projected to grow at a significant CAGR

The novel coronavirus (COVID-19) rapidly spread across various countries and regions in 2019, causing an enormous impact on lives of people and the overall community. It began as a human health condition and has now become a significant threat to trade, economy, and finance. The COVID-19 pandemic halted production of many products in the U.S. cold headed large bolts market, owing to lockdowns. Furthermore, the number of COVID-19 cases is expected to reduce in the future with the introduction of the vaccine for COVID-19 in the market. This has led to the reopening of the U.S. cold headed large bolts companies at their full-scale capacities, which is expected to help the market recover by the start of 2022. After COVID-19 infection cases begin to decline, equipment & machinery producers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.

Competition Analysis

The key players that operating in the U.S. cold headed large bolts market are Chase Fasteners Inc., Birmingham Fastener and Supply Inc., Brunner Manufacturing Co., Inc., Byora U.S.A. Corporation, Elgin Fastener Group, Fastco Industries, Inc., G – Fast, Inc, Grandeur Fasteners, Inc., Universal Rivet Inc., and Valley Fastener Group, LLC

U.S. Cold Headed Large Bolts Market
By Application
Your browser does not support the canvas element.

Automotive segment holds dominant position in 2020

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging U.S. cold headed large bolts market trends and dynamics.  
  • In-depth U.S. cold headed large bolts market analysis is conducted by constructing market estimations for key market segments between 2021 and 2030. 
  • Extensive analysis of the U.S. cold headed large bolts market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The U.S. cold headed large bolts market forecast analysis from 2021 to 2030 is included in the report.
  • The key players within U.S. cold headed large bolts market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the U.S. cold headed large bolts industry.

U.S. Cold Headed Large Bolts Market Report Highlights

Aspects Details
icon_5
By SIZE
  • 1 Inch
  • 1-1/8 Inch
  • 1-1/4 Inch
icon_6
By APPLICATION
  • Automotive
  • Aerospace
  • Construction
  • Industrial Machinery
  • Others
icon_7
By KEY PLAYERS
  • Chase Fasteners Inc.,
  • Birmingham Fastener and Supply Inc.
  • Brunner Manufacturing Co., Inc.
  • Byora U.S.A. Corporation
  • Elgin Fastener Group
  • Fastco Industries, Inc.
  • G-Fast, Inc.
  • Grandeur Fasteners, Inc.
  • Universal Rivet Inc.
  • Valley Fastener Group, LLC

Analyst Review

The U.S. cold headed large bolts market has observed significant growth in the past few years owing to increase in demand from automotive and construction sectors. Furthermore, increase in investment in rebuilding infrastructure and manufacturing of electric vehicles in the U.S. drive the growth of the cold headed large bolts market in the U.S. Moreover, increase in construction activities owing to increase in population increase the demand for cold headed large bolts.

Steel sections such as C-sections, I-sections, hollow elements, and plates are being highly adopted for constructing components such as columns, roofs, and girder. As a result, increase in construction activities has increased the demand for cold headed bolts, as they are extensively used in joining, connecting, and positioning steel components, such as roof components and trusses.

In addition, cold headed bolts manufacturing companies in the U.S. are expanding business by acquiring other companies and also strengthening their market position. For instance, in January 2020, Elgin Fastener Group acquired Rockford Fastener, a manufacturer of cold headed and specialty fasteners. This acquisition is expected to help Elgin Fastener to expand its product offerings for various application, such as automotive and aerospace sectors. As a result, such strategic moves from key players drive the growth of the U.S. cold headed large bolts market.

Author Name(s) : Aadarsh Maurya| Amar Chinchane | Sonia Mutreja
Frequently Asked Questions?

The U.S. Cold Headed Large Bolts Market size was valued at $75.3 million in 2020.

Based on type, the 1 inch segment holds the maximum market share of the U.S. Cold Headed Large Bolts Market in 2020.

The U.S. Cold Headed Large Bolts Market is projected to reach $120.4 million by 2030.

Growth in construction sector and manufacturing sector are the key trends in the U.S. Cold Headed Large Bolts Market.

The product launch is key growth strategy of bolt industry players.

The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

Fluctuating cost of raw materials is the effecting factor for U.S. Cold Headed Large Bolts Market.

The end user of bolts includes automotive, aerospace, construction, industrial machinery and others.

Loading Table Of Content...

U.S. Cold Headed Large Bolts Market

Opportunity Analysis and Industry Forecast, 2021-2030