In recent years, the rapid development of China’s metallurgy, machinery, electronics, automobile and construction industries, as well as the continuous progress of China’s industry, has driven the demand and production of fasteners. In 2022, the output of metal fasteners in China will be 9.2893 million tons, and the industry market scale will be 116.514 billion yuan.
The overall demand for automotive fasteners in China is developing steadily, and the huge market of the automotive industry provides a broad space for the development of automotive fastener products. In the first half of 2022, 1.217 million cars will be produced and 12.057 million cars will be sold.
Automobile fasteners are most widely used in the downstream applications of fasteners. In the three main application fields of fasteners in the automobile industry, maintenance and construction industry and electronic industry, the number of fasteners required by the automobile industry will account for 34.94% of the total sales of fasteners in 2021.
The automobile fastener industry is closely affected by the prosperity of the automobile industry. According to statistics, the number of fasteners used in an automobile accounts for about 40% of the total number of parts. The huge market of the automobile industry provides a broad space for the development of automobile fastener products.
With the formation of global production and procurement layout in the automobile industry, international leading fastener enterprises, including Wuerte, ITW, Yijiete, Nederslov, have set up factories in China to seize market share. From the perspective of industry segmentation structure, the technical threshold of ordinary automobile fastener products is relatively low, and domestic enterprises have occupied a certain market share relying on cost performance advantages, but the added value of these products is relatively low; In terms of high-strength automotive fasteners, due to the high technical barriers, especially for the production of automotive fasteners above Grade 10.9, there are high technical requirements for raw material materials, cold heading, heat treatment and surface treatment. At present, the market is mainly occupied by foreign-funded enterprises, among which high-strength fasteners used in core parts such as engines and chassis are still mainly imported.
Post time: Jan-05-2023