Learn about the global machine shops, turned product and screw, nut, and bolt market through The Business Research Company, which provides information on machine shops, turned product and screw, nut, and bolt market size, machine shops, turned product and screw, nut, and bolt market drivers and restraints, machine shops, turned product and screw, nut, and bolt market players, the COVID-19 impact on the machine shops, turned product and screw, nut, and bolt market, and more.

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The global machine shops, turned product, and screw, nut, and bolt market is expected to decline from $403.6 billion in 2019 to $351.5 billion in 2020 at a compound annual growth rate (CAGR) of -13%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $424.6 billion in 2023.

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The machine shops, turned product and screw, nut, and bolt market consists of the sales of precision turned products or metal bolts, nuts, screws, rivets, and other industrial fasteners by entities (organizations, sole traders or partnerships) that machine precision turned products or produce metal bolts, nuts, screws, rivets, and other industrial fasteners. Included in this industry are establishments that produce parts for machinery and equipment on a customized basis.

Global Machine Shops, Turned Product And Screw, Nut, Bolt Market Segments Include:

By Type: Turned Product And Screw, Nut, And Bolt, Machine Shops

Subsegments Covered: Nonthreaded Metal Fasteners, Threaded Metal Fasteners, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe was the largest region in the global machine shops, turned product, and screw, nut, and bolt market, accounting for 31% of the market in 2019.

“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.

TBRC’s machine shops, turned product and screw, nut, and bolt market report covers:

Major Market Players: Infasco, Leland Industries, PCC, EBC Industries, EJOT Holding

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Machine Shops, Turned Product, And Screw, Nut, And Bolt Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides machine shops, turned product and screw, nut, and bolt market overviews, analyses and forecasts market size, share, machine shops, turned product and screw, nut, and bolt market players, machine shops, turned product and screw, nut, and bolt market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s machine shops and product market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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