This Machine Shops, Turned Product, and Screw, Nut, and Bolt market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.
The machine shops, turned product, and screw, nut, and bolt market size has grown strongly in recent years. It will grow from $495.52 billion in 2024 to $527.37 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to industrial production, economic cycles, technological advancements, infrastructure development, global trade.
The machine shops, turned product, and screw, nut, and bolt market size is expected to see strong growth in the next few years. It will grow to $652.34 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to industry 4 and automation, sustainable manufacturing, electric vehicles and renewable energy, aging infrastructure. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships.
The increasing growth of urban populations is expected to drive the demand for metal products in the upcoming years. A significant number of individuals from rural areas are relocating to urban centers in pursuit of improved living conditions. This trend is projected to boost the demand for housing and infrastructure. Particularly, the need for infrastructure is anticipated to surge notably in Asian countries like China, India, Vietnam, and the Philippines. According to the United Nations' World Urbanization Prospects Report, 55% of the global population resided in urban areas, with this proportion expected to rise to 68% by 2050. The World Bank predicts that the urban population in South Asia will increase to 250 million by 2030.
Numerous companies within the machine shops, turned products, and screw, nut, and bolt manufacturing sector are embracing robotics and automation to enhance plant efficiency and productivity. Sensors are being integrated into various machines to gather valuable data, leading to efficiency improvements and a reduction in potential breakdowns. For instance, in September 2024, according to a report published by the International Federation of Robotics (IFR), a Germany-based organization, in 2023, the UK experienced an unprecedented rise in industrial robot installations, with a total of 3,830 units being installed, representing a 51% increase compared to the previous year.
Major companies operating in the machine shops, turned product, and screw, nut, and bolt market are actively developing new products, such as compression screw systems, to cater to a broader customer base, increase sales, and boost revenue. Compression screw systems are a type of medical device employed in orthopedic surgery to stabilize bone fractures or fusion sites. For instance, in August 2023, Acumed, a U.S.-based manufacturing company, introduced the Acutrak 3 headless compression screw systems. With the release of Acutrak 3, the existing Micro, Mini, and Standard screws now include a new 2 mm diameter Nano screw. These additional size options expand the range of surgical alternatives available for the authorized indications of Acutrak. Acutrak compression headless screws are known for their simplicity, versatility, and effectiveness in fracture fixation. Acutrak 3 enhances surgical performance by introducing an innovative thread pitch design while building on the successful track record of Acutrak 2.
Major companies operating in the machine shops, turned product, and screw, nut, and bolt market include Berkshire Hathaway Inc., Illinois Tool Works Inc., Stanley Black & Decker Inc., Lisi S.A., The SFS Group AG, MISUMI Group Inc., Bulten AB, Arconic Inc., Precision Castparts Corp., Kennametal Inc., Timken Company, Mueller Industries Inc., Carpenter Technology Corporation, Fastenal Company, Acme Industrial Company, SPS Technologies LLC, Simpson Manufacturing Co. Inc., Barksdale Inc., Nucor Corporation, Arconic Inc., PennEngineering, The Olander Company Inc., MW Industries Inc., Marmon Holdings Inc., TriMas Corporation, MacLean-Fogg Company, Beacon Fasteners and Components, Scovill Fasteners, Alcoa Fastening Systems, Trifast PLC, Earnest Machine Products, Continental-Aero, EFC International, SPS Fasteners, The Hillman Group, Bastian Solutions, SureWerx.
Western Europe was the largest region in the machine shops, turned product, and screw, nut, in 2024. The Asia-Pacific was the second-largest region in the machine shops, turned product, screw, nut, and bolt market. The regions covered in the machine shops, turned product, and screw, nut, market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the machine shops, turned product, and screw, nut, and bolt market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Machine shops that produce turned products, screws, nuts, and bolts are specialized in manufacturing precision turned and metal fabricated products. These products are custom-designed for various machinery and equipment, particularly for assembling machine components like engines and gears.
The main categories in this industry include machine shops, turned products, screws, nuts, bolts. Machine shops are facilities where various materials, including metals, are cut and shaped using machine tools. The different grades of products in this industry include GR 5.8, GR 8.8, GR 10.9, GR 12.9, and other grades. These products find applications in diverse industries such as construction, petrochemicals, heavy machinery, automotive, aerospace, home appliances, motors and pumps, furniture, plumbing products, and more.
The machine shops, turned product, and screw, nut, and bolt market research report is one of a series of new reports that provides machine shops, turned product, and screw, nut, and bolt market statistics, including machine shops, turned product, and screw, nut, and bolt industry global market size, regional shares, competitors with a machine shops, turned product, and screw, nut, and bolt market share, detailed machine shops, turned product, and screw, nut, and bolt market segments, market trends and opportunities, and any further data you may need to thrive in the machine shops, turned product, and screw, nut, and bolt industry. This machine shops, turned product, and screw, nut, and bolt market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The machine shops turned product, screw, nut, and bolt market consists of sales of fabricated metal parts and fasteners. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The machine shops, turned product, and screw, nut, and bolt market size has grown strongly in recent years. It will grow from $495.52 billion in 2024 to $527.37 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to industrial production, economic cycles, technological advancements, infrastructure development, global trade.
The machine shops, turned product, and screw, nut, and bolt market size is expected to see strong growth in the next few years. It will grow to $652.34 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to industry 4 and automation, sustainable manufacturing, electric vehicles and renewable energy, aging infrastructure. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships.
The increasing growth of urban populations is expected to drive the demand for metal products in the upcoming years. A significant number of individuals from rural areas are relocating to urban centers in pursuit of improved living conditions. This trend is projected to boost the demand for housing and infrastructure. Particularly, the need for infrastructure is anticipated to surge notably in Asian countries like China, India, Vietnam, and the Philippines. According to the United Nations' World Urbanization Prospects Report, 55% of the global population resided in urban areas, with this proportion expected to rise to 68% by 2050. The World Bank predicts that the urban population in South Asia will increase to 250 million by 2030.
Numerous companies within the machine shops, turned products, and screw, nut, and bolt manufacturing sector are embracing robotics and automation to enhance plant efficiency and productivity. Sensors are being integrated into various machines to gather valuable data, leading to efficiency improvements and a reduction in potential breakdowns. For instance, in September 2024, according to a report published by the International Federation of Robotics (IFR), a Germany-based organization, in 2023, the UK experienced an unprecedented rise in industrial robot installations, with a total of 3,830 units being installed, representing a 51% increase compared to the previous year.
Major companies operating in the machine shops, turned product, and screw, nut, and bolt market are actively developing new products, such as compression screw systems, to cater to a broader customer base, increase sales, and boost revenue. Compression screw systems are a type of medical device employed in orthopedic surgery to stabilize bone fractures or fusion sites. For instance, in August 2023, Acumed, a U.S.-based manufacturing company, introduced the Acutrak 3 headless compression screw systems. With the release of Acutrak 3, the existing Micro, Mini, and Standard screws now include a new 2 mm diameter Nano screw. These additional size options expand the range of surgical alternatives available for the authorized indications of Acutrak. Acutrak compression headless screws are known for their simplicity, versatility, and effectiveness in fracture fixation. Acutrak 3 enhances surgical performance by introducing an innovative thread pitch design while building on the successful track record of Acutrak 2.
Major companies operating in the machine shops, turned product, and screw, nut, and bolt market include Berkshire Hathaway Inc., Illinois Tool Works Inc., Stanley Black & Decker Inc., Lisi S.A., The SFS Group AG, MISUMI Group Inc., Bulten AB, Arconic Inc., Precision Castparts Corp., Kennametal Inc., Timken Company, Mueller Industries Inc., Carpenter Technology Corporation, Fastenal Company, Acme Industrial Company, SPS Technologies LLC, Simpson Manufacturing Co. Inc., Barksdale Inc., Nucor Corporation, Arconic Inc., PennEngineering, The Olander Company Inc., MW Industries Inc., Marmon Holdings Inc., TriMas Corporation, MacLean-Fogg Company, Beacon Fasteners and Components, Scovill Fasteners, Alcoa Fastening Systems, Trifast PLC, Earnest Machine Products, Continental-Aero, EFC International, SPS Fasteners, The Hillman Group, Bastian Solutions, SureWerx.
Western Europe was the largest region in the machine shops, turned product, and screw, nut, in 2024. The Asia-Pacific was the second-largest region in the machine shops, turned product, screw, nut, and bolt market. The regions covered in the machine shops, turned product, and screw, nut, market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the machine shops, turned product, and screw, nut, and bolt market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Machine shops that produce turned products, screws, nuts, and bolts are specialized in manufacturing precision turned and metal fabricated products. These products are custom-designed for various machinery and equipment, particularly for assembling machine components like engines and gears.
The main categories in this industry include machine shops, turned products, screws, nuts, bolts. Machine shops are facilities where various materials, including metals, are cut and shaped using machine tools. The different grades of products in this industry include GR 5.8, GR 8.8, GR 10.9, GR 12.9, and other grades. These products find applications in diverse industries such as construction, petrochemicals, heavy machinery, automotive, aerospace, home appliances, motors and pumps, furniture, plumbing products, and more.
The machine shops, turned product, and screw, nut, and bolt market research report is one of a series of new reports that provides machine shops, turned product, and screw, nut, and bolt market statistics, including machine shops, turned product, and screw, nut, and bolt industry global market size, regional shares, competitors with a machine shops, turned product, and screw, nut, and bolt market share, detailed machine shops, turned product, and screw, nut, and bolt market segments, market trends and opportunities, and any further data you may need to thrive in the machine shops, turned product, and screw, nut, and bolt industry. This machine shops, turned product, and screw, nut, and bolt market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The machine shops turned product, screw, nut, and bolt market consists of sales of fabricated metal parts and fasteners. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Executive Summary
Machine Shops, Turned Product, and Screw, Nut, and Bolt Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on machine shops, turned product, and screw, nut, and bolt market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for machine shops, turned product, and screw, nut, and bolt ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The machine shops, turned product, and screw, nut, and bolt market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include: the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Turned Product; Screw, Nut, and Bolt; Machine Shops2) By Grade: GR 5.8; GR 8.8; GR 10.9; GR 12.9; Other Grades
3) By Application: Construction; Petrochemical; Heavy Machine Equipment; Automotive; Aerospace; Home Appliances; Motors and Pumps; Furniture; Plumbing Products; Other Applications
Subsegments:
1) By Turned Product: Precision Turned Parts; CNC Turned Parts; Automatic Lathe Turned Parts2) By Screw, Nut, Bolt: Screws (Machine Screws, Wood Screws, Self-tapping Screws); Nuts (Hex Nuts, Lock Nuts, Wing Nuts); Bolts (Hex Bolts, Carriage Bolts, Shoulder Bolts)
3) By Machine Shops: Custom Machining Services; CNC Machining; Metalworking and Fabrication
Key Companies Mentioned: Berkshire Hathaway Inc.; Illinois Tool Works Inc.; Stanley Black & Decker Inc.; Lisi S.a.; the SFS Group AG
Countries: Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Machine Shops, Turned Product, and Screw, Nut, and Bolt market report include:- Berkshire Hathaway Inc.
- Illinois Tool Works Inc.
- Stanley Black & Decker Inc.
- Lisi S.A.
- The SFS Group AG
- MISUMI Group Inc.
- Bulten AB
- Arconic Inc.
- Precision Castparts Corp.
- Kennametal Inc.
- Timken Company
- Mueller Industries Inc.
- Carpenter Technology Corporation
- Fastenal Company
- Acme Industrial Company
- SPS Technologies LLC
- Simpson Manufacturing Co. Inc.
- Barksdale Inc.
- Nucor Corporation
- Arconic Inc.
- PennEngineering
- The Olander Company Inc.
- MW Industries Inc.
- Marmon Holdings Inc.
- TriMas Corporation
- MacLean-Fogg Company
- Beacon Fasteners and Components
- Scovill Fasteners
- Alcoa Fastening Systems
- Trifast Plc
- Earnest Machine Products
- Continental-Aero
- EFC International
- SPS Fasteners
- The Hillman Group
- Bastian Solutions
- SureWerx
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 300 |
| Published | April 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 527.37 Billion |
| Forecasted Market Value ( USD | $ 652.34 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 37 |
