Our Future
We actively compete against national, regional and local firms with diverse capabilities as well as manufacturers who sell their products direct.
To our advantage, the industrial distribution market is very fragmented. Fastenal currently has approximately 1% of the market share. This means that there is unlimited market potential and growth opportunity for our new leaders.
Our goal is to become the best industrial construction distributor in each market that we serve. This is the future that we envision and we are working to achieve this by:
- Opening new stores to take our current 2,000 stores to over 3,000
- Continuing to expand our products and services offered to our customers
- Developing innovative sales and marketing approaches
With the addition of new product offerings and more efficient ways for the customer to receive their product, we believe we are positioned to become the best industrial and construction distributor in each market we serve.
