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Industry Landscape
The US construction fasteners market is experiencing steady growth, driven by sustained activity in residential and commercial building sectors. Innovation in engineered solutions, demand for high-performance materials, and increasing focus on sustainable building practices are shaping the industry. Supply chain resilience and material cost fluctuations remain key challenges.
Total Assets Under Management (AUM)
Construction Spending in United States
~Approximately $2.1 trillion (seasonally adjusted annual rate as of February 2024)
(10.7% (year-over-year from Feb 2023 to Feb 2024) CAGR)
- Residential construction spending increased.
- Nonresidential construction spending also saw significant gains.
- Public construction spending contributed to overall growth.
Total Addressable Market
5 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Advanced Robotics & Automation
The integration of advanced robotics and automation in manufacturing facilities for increased precision, efficiency, and safety in fastener production and packaging.
AI-Powered Predictive Maintenance
Utilizing AI and machine learning to analyze equipment data for predicting failures, optimizing maintenance schedules, and minimizing downtime in manufacturing operations.
Sustainable Materials & Manufacturing Processes
Development and adoption of eco-friendly materials for fasteners and energy-efficient manufacturing processes to reduce environmental impact and meet sustainability demands.
Impactful Policy Frameworks
Infrastructure Investment and Jobs Act (IIJA) 2021
The IIJA is a bipartisan infrastructure law that provides significant funding for roads, bridges, public transit, water infrastructure, broadband, and clean energy projects across the United States.
This policy will drive increased demand for construction fasteners due to a surge in public infrastructure projects, benefiting manufacturers like ABC.
Buy American Provisions (Ongoing Enforcement)
Federal regulations that prioritize the use of American-made materials and products in federally funded infrastructure and public works projects.
These provisions favor domestic fastener manufacturers, potentially increasing demand for ABC's US-produced products.
Energy Efficiency and Green Building Codes (e.g., IECC 2021, ASHRAE 90.1-2019)
Updated building codes and standards that promote energy efficiency and sustainable practices in new construction and major renovations, often requiring specific insulation and envelope performance.
These codes may necessitate the development and use of specialized, high-performance fasteners that contribute to building envelope integrity and energy efficiency, aligning with ABC's engineered solutions.
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