Internationalization of China's parts industry to seize opportunities for fasteners in Asia Pacific

The hardware industry has developed rapidly in recent years, and the scope and number of exports are also expanding, with broad prospects.

In 2012, China’s hardware industry gradually got rid of the impact of the financial crisis. With the gradual recovery of the domestic and foreign markets, China’s hardware companies, while maintaining European, American and international markets, will also gradually invest their sights in larger foreign markets and add to the domestic market. Big channel and brand building efforts.

In recent years, with the acceleration of the global economic integration process, China's stainless steel hardware tool processing industry has gradually become the main force of the world's hardware and tools industry. In some developed countries, especially in Africa, the Middle East and other developing countries, the demand for hardware tools is increasing at a rate of more than 10% per year.

Hardware tools are labor-intensive industries. As a hometown of hardware, Yongkang has become a gathering place for hardware tools with low-cost traditional competitive advantages.

At the same time, the requirements of the international market for China's hardware products will gradually evolve and change, and there will be higher requirements for the quality, packaging, and delivery deadlines of Chinese products, and even gradually extend to the production process and product development, product and environmental protection , energy resources, and humanities combined. The huge market and central position attraction will further attract the hardware manufacturing center of multinational companies to transfer to China.

The integration with foreign companies will continue to enhance the quality and competitiveness of Chinese hardware products. While continuing to expand markets in the United States, Japan, and other traditional countries, Southeast Asia, the Middle East, Russia, Europe, and Africa will also fully blossom. According to Luo Baihui, chief information officer of Jinmoji Power, according to the growth rate from 2006 to 2011, global industrial fastener sales are expected to increase at a rate of 5.2% per year and reach 82.9 billion U.S. dollars by 2016.

Most global economies will continue to recover from the financial crisis in 2009 and continue to stimulate the growth of durable goods production, which will substantially boost the growth of global fastener sales. Luo Baihui pointed out that in 2011, the automotive OEM industry is the market with the largest demand for fasteners, and it is expected that by 2016, the market will have the largest growth point in terms of amount. At the same time, the accelerated growth in manufacturing output and fixed investment spending will also increase the use of fasteners in the machinery sector. However, fierce competition from alternative connection technologies (such as adhesives) will inhibit the sales growth of fasteners in some market segments.

In 2011-2016, the Asia-Pacific region is expected to achieve the strongest growth in demand by an average annual rate of 7.4%, mainly due to the demand from the Chinese market. Although China's future growth will be slower than that of 2006-2011, it will continue to drive the growth of fasteners throughout the Asia Pacific region with strong demand. The increase in demand from the relatively small Indian market will compensate for the reduced demand in China, because by 2016, sales of fasteners in India will rise at the fastest rate in the world. In smaller countries, the growth in the durable goods manufacturing sector and the continued growth in the demand for new and improved components for infrastructure will jointly boost the demand for industrial fasteners.

During the period of 2006-2011, the demand for industrial fasteners from developed economies (such as the United States, Western Europe, and Japan) has grown much slower than that of developing countries, and by 2016, the growth of developed country sales will continue to perform poorly. . Because the durable goods industry in these regions has developed relatively well, there is less growth opportunity for fastener suppliers. In spite of this, after a period of recession, the recovery of automobile production and construction spending will make faster sales of fasteners in the future.

Developed countries are still major suppliers of aerospace fasteners

In the production of fasteners, multinational companies will continue to build factories in China and other industrial developing countries, mainly to use these areas of low-cost advantages to produce low-end fastener products. Nevertheless, the United States, Western Europe and Japan will continue to be major suppliers of high-end fasteners for aerospace applications.

Maximum external fasteners demand

In terms of product categories, standard-type externally threaded fasteners accounted for half of the total market share of industrial fasteners in 2011. It is expected that by 2016, it will become the largest industrial fastener type with the largest total demand, mainly due to the output of various types of durable goods. growth of. However, due to the growth of infrastructure investment in developing countries and the growth of large-scale capital goods production, non-threaded fasteners have significant advantages in terms of safety and permanent connection, which will show the fastest growth rate.

In 2011, the global demand for industrial fasteners was 64.4 billion U.S. dollars: 52% of externally threaded fasteners, 17% of internally threaded fasteners, 17% of non-threaded fasteners, and 7% of special purpose fasteners. Firmware 7%.

Fixed Tilter

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