2015 fastener market up to 200 billion quality is the key

Under the background of optimizing products, industrial structure, and industrial upgrading, China's machinery and general parts and components industry has maintained rapid growth over the years, resulting in continuous improvement in efficiency and quality, and has made important contributions to the overall development of the machinery industry. In recent years, most of China's machinery parts and components industry enterprises have carried out large-scale technological transformations, improved the level of equipment and production capabilities, product quality has also been greatly improved, and key enterprises have completed the ISO9001 quality certification.

The position of fastener companies in China has always been not very clear about their positioning, blind production, and lack of matching and cooperation with the host companies. It can be said that the vast majority of domestic fastener companies' products are only produced in batches according to a unified standard. They do not care whether their products can meet the matching requirements of the mainframe products on the market. They are blindly pursuing their own factory volume, and thus tightening. The piece became a "universal card" fastener, but it was difficult to guarantee the mechanical stability of the host application.

Compared with foreign branded products, what China lacks is the "dedicated" dedication. When it comes to this issue, I very much agree with the OEM development model mentioned by Mr. Wang Changjiang, an expert in the engineering machinery industry. This concept has been developed in the fastener industry. The same applies, that is, the hardware fastener production companies mentioned above need to cooperate with the host company, which can be one-to-one or even one-to-many.

The author believes that in order to allow China's fastener industry to compete in international battlefields and battle the battlefield, first of all, "grass and grass" first, that is, the improvement of industry standards, and take advantage of alliances with the host companies, combined with their own technical quality to win their own piece of country. Only self-reliance, creation and innovation will always stand in the forefront of the industry to see unlimited beauty. Mastering rules is the weapon for assault.

According to the data from the National Bureau of Statistics, in 2010, there were 2,280 enterprises above designated size in the fastener manufacturing industry in China (industrial legal person companies with annual business income of 5 million yuan or more), employing more than 200,000 people, and achieving sales revenue of 1084.49. Billion yuan, a substantial increase of 42.57% year-on-year; total profit of 5.746 billion yuan, an increase of 64.32%.

The global demand for fasteners is mainly concentrated in the three major markets of North America, Western Europe and Asia, and their annual demand is more than US$10 billion. Among them, the United States is the world's largest fastener distribution and use; standard low-end fastener production is mainly concentrated in developing countries in Asia, and a large number of exports to North America, Western Europe and other markets.

The Research Group of Fasting Industry Research Institute of Fastener Industries stated that the increase in global economic output, fixed investment activities, manufacturing production, and aviation equipment and motor vehicle production will drive demand for fasteners. It is estimated that the global demand for industrial fasteners will reach 66 billion U.S. dollars in 2012, an annual increase of 4.8%. Among them, the growth in the demand for industrial fasteners in emerging markets such as Asia, Africa, the Middle East, Eastern Europe and Latin America will greatly exceed those in developed and mature markets.

As China is still in the stage of economic development, manufacturing and fixed investment activities continue to climb, so the growth of China's market will be the fastest. Benefiting from the rapid development of the automotive, wind power, construction, and manufacturing industries, by 2015 China's fastener industry will have a market size of nearly 200 billion yuan.