The development of China’s fastener industry Although China’s fastener production is huge, fasteners started late compared to foreign countries. At present, China’s fastener market has become increasingly large. Frequent product quality and environmental pollution events have brought huge challenges and opportunities to the development of domestic fasteners. Although a small number of fasteners still need to be imported, from the perspective of development trends, the fasteners selected by the basic equipment industry have been basically satisfied in China.

Upstream and downstream analysis of the fastener industry

The upstream of the fastener industry is mainly raw materials manufacturers such as steel, copper, and aluminum. Since 2016, due to macroeconomic factors and supply-side reforms, the price of raw materials in the upstream of the industry is on the rise, but it is basically at the top of the price and does not have a basis for a substantial increase. Although supply-side reforms have an adverse impact on raw material output, from the current situation of raw material supply, the industry still needs more raw materials than demand, and the remaining output continues to be sold abroad, and there are many and widely distributed raw material manufacturers. Adequate, product supply can be guaranteed, and it will not affect the procurement of fastener companies.

During the production of fasteners, equipment suppliers provide processing equipment such as wire drawing machines, cold pier machines, and wire rolling machines. Mold factories design and produce molds according to the needs of the enterprise. Material conversion plants provide steel annealing, wire drawing and other material conversion services. Provide product heat treatment services, surface treatment plants provide surface treatment services such as galvanization.

At the downstream end of the industry, fastener products are widely used in various fields of industry, including automobiles, railways, machinery, electronics and electrical appliances. As the main downstream application field of fasteners, the automotive industry will become an important support for the development of fasteners. There are many types of automotive fasteners, mainly including standard fasteners, non-standard fasteners, other standard mechanical components and other non-standard mechanical components, etc.The automotive fasteners rank first in the total fastener industry. One person. In addition, the demand for fasteners in rail transit, electronics and other fields is also very large, and it is in a rising trend.

Fastener industry demand analysis

Since the machinery industry is the main supply direction of fasteners, the rise and decline of the fastener industry is closely related to the development of the machinery industry. In recent years, the machinery industry has shown an upward trend, thereby promoting the development of the fastener industry. From the perspective of subdivided industries, the automotive industry, maintenance industry, construction industry, and electronics industry are the largest users of fasteners. As the main downstream application area of ​​fasteners, the automotive industry will provide important support for the development of fasteners.

The global automotive industry performed solidly in 2017, maintaining positive growth for nine consecutive years, with compound growth rates of output and sales of 4.2% and 4.16%, respectively. The production and sales situation in the domestic automobile market is even stronger, with compound growth rates of 8.69% and 8.53% from 2013 to 2017, respectively. The growth of the industry will continue in the next 10 years.According to research data from the China Automotive Technology and Research Center, the peak value of China’s car sales is expected to be about 42 million, and today’s car sales are 28.889 million. The potential sales of 14 million vehicles in this industry indicates that the Chinese automotive industry is still full of vitality in the medium and long-term market, which can bring good opportunities for the development of the fastener industry.

The 3C industry includes computers, communications, and consumer electronics. It is one of the more rapidly developing industries in China and even the world today, and it is also an industry with more fasteners. Although the growth rate of the traditional 3C industry has slowed down, the stock market space is still very large. In addition, PCs, tablets, and smart phones have begun to enter the competitive landscape of the Red Sea, and with them will be breakthroughs in technological innovation of their products, which will bring new technological applications and process changes. The strong development of the 3C industry will increase the demand for fasteners.

Status of China’s fastener industry

Driven by China’s reform and opening up and the strong development of the national economy, China’s fastener industry has basically maintained a good growth trend for many years.From 2012 to 2016, China’s fastener industry’s fixed asset investment increased by nearly 25 billion yuan in 2016. Over 40 billion yuan, the scale of the industry continues to grow.

With the increase of industry investment and the rapid growth of enterprises, the production capacity and output of fasteners have increased significantly. China has become a large country in the manufacturing of fasteners. The output of fasteners has ranked first in the world for many years. More than 70 billion yuan.

According to the estimates of China’s Fastener Industry Association, there are currently more than 7,000 fastener manufacturing enterprises in China, and more than 2,000 enterprises above the scale in this industry, but not many large-scale enterprises with a total industrial output value of more than 500 million yuan. Therefore, the overall scale of domestic fastener companies is relatively small. Due to the small scale of domestic fastener companies and their weak R & D capabilities, most of the fastener products are concentrated in the low-end market and the competition is fierce; some high-end, high-tech fastener products require a large number of imports. This has caused excessive supply of low-end products in the market, while high-end products with high technological content have insufficient domestic supply. According to data from the Ministry of Industry and Information Technology, in 2017 China’s fastener exports were 29.92 million tons, with an export value of US $ 5.054 billion, an increase of 11.30% year-on-year; fastener imports were 322,000 tons, and the import value was US $ 3.121 billion, an increase of 6.25% year-on-year. Most of the imported products are high-end products with high technological content.

Although China’s fastener industry mainly produces some relatively low-end products, domestic fastener companies continue to transform into innovative companies, learn from international advanced experience, and continuously improve the independent research and development efforts of the fastener industry for ten years. Judging from the application of China’s fastener-related patent technology, the number of applications in 2017 was more than 13,000, which is about 6.5 times that of 2008.It can be seen that the innovation capacity of China’s fastener industry has significantly improved in the past ten years, making our fastener Get a foothold in the global market.

Fasteners, as basic industrial components, are widely used in many fields, and are also an important basis for the transformation and upgrading of downstream industries. The proposal of “Made in China 2025″ opened the prelude to China’s transition from a manufacturing power to a manufacturing power. The independent innovation, structural adjustment, and transformation and upgrading of various industries are inseparable from the improvement of the performance and quality of basic components, and it also indicates that the potential market space of high-end components will be further expanded. From the product level, high strength, high performance, high precision, high added value, and non-standard shaped parts are the development direction of future fasteners.