Major Group SIC 3451 - Screw Machine Products

SIC 3451 - Screw Machine Products

SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 345 - Screw Machine Products, And Bolts, Nuts, Screws, Rivets, And Washers
  SIC 341 - Metal Cans And Shipping Containers SIC 342 - Cutlery, Handtools, And General Hardware SIC 343 - Heating Equipment, except Electric and Warm Air and Plumbing Fixtures SIC 344 - Fabricated Structural Metal Products SIC 345 - Screw Machine Products, And Bolts, Nuts, Screws, Rivets, And Washers SIC 346 - Metal Forgings And Stampings SIC 347 - Coating, Engraving, And Allied Services SIC 348 - Ordnance and Accessories, except Vehicles and Guided Missiles SIC 349 - Miscellaneous Fabricated Metal Products
  - SIC 3451 - Screw Machine Products
    SIC 3451 - Screw Machine Products SIC 3452 - Bolts, Nuts, Screws, Rivets, And Washers

Establishments primarily engaged in manufacturing automatic or hand screw machine products from rod, bar, or tube stock of metal, fiber, plastics or other material. The products of this industry consist of a wide variety of unassembled parts and are usually manufactured on a job or order basis. Establishments included in this industry may perform assembly of some parts manufactured in the same establishment, but establishments primarily engaged in producing assembled components are classified according to the nature of the components. Establishments primarily engaged in manufacturing standard bolts, nuts, rivets, screws, and other industrial fasteners on headers, threaders, and nut forming machines are classified in Industry 3452.

Industry trends:

The NAICS 3451 industry, Screw Machine Products, is experiencing notable qualitative trends that reflect both current shifts and near-future forecasts. One of the prevailing trends is increased automation and digitization. Companies are investing heavily in advanced CNC (Computer Numerical Control) machinery to enhance precision, reduce waste, and streamline production processes. This trend towards Industry 4.0 is expected to continue, with fully automated screw machine shops becoming more common.

Another significant trend is the growing emphasis on sustainability. Environmental concerns are pushing manufacturers to adopt eco-friendly practices, such as using recycled materials and reducing energy consumption through more efficient machinery. This trend is also influencing compliance with stricter environmental regulations, which are anticipated to tighten further in the near future.

Customization and small batch production are also on the rise. With changing customer demands, there's a notable shift towards more flexible manufacturing processes that can produce smaller, more customized orders without compromising on efficiency. This is particularly relevant for industries like automotive and aerospace, where demand for specialized components is growing.

Geopolitical factors and supply chain disruptions have led companies to reconsider their supply practices, emphasizing local sourcing to mitigate risks associated with global supply chains. This trend towards localization is likely to strengthen as companies seek greater control and reliability.

Lastly, the integration of AI and machine learning for predictive maintenance and quality control is gaining traction. These technologies help in minimizing downtime by predicting equipment failures and ensuring consistent product quality. Over the next few years, these innovations are expected to become industry standard as companies aim to boost productivity and reduce operational costs.

This industry is comprised of:

Screw machine products: produced on a job or order basis

Explore related industries:

SIC 2284 - Thread Mills SIC 3545 - Cutting Tools, Machine Tool Accessories, And Machinists' Precision SIC 3965 - Fasteners, Buttons, Needles, And Pins

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