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Will the fastener industry usher in the tide of intelligent opportunities in the 100 billion market?

publish:2022-09-01 13:51:04   views :292
publish:2022-09-01 13:51:04  
292

No industry or individual can live without fasteners. The more the society develops, the more it needs high-quality fastener products that can match it

Fasteners, as indispensable parts and connectors in industrial development, are known as "rice of industry" and play an important role in industrial production, daily life and other fields.

1、 Why is intelligent manufacturing the development trend?

In the context of "science and technology power", intelligence will be the core development theme in 2022 and the next five to ten years. Smart cars, energy Internet, industrial Internet, cloud computing and many other themes will welcome opportunities in this tide of change.

In short, intelligence requires enterprises to realize digital intelligence construction and apply new ideas, technologies and products such as informatization and digitalization to the production and operation of enterprises.

As the manufacturing industry moves towards large-scale customization, enterprises are facing the requirements of fast delivery, waste reduction, cost reduction and efficiency improvement, and policy compliance.

In the fastener industry, the new track and high-end development are undoubtedly the magic weapon to increase the competitiveness of enterprises. Among them, intelligent layout has become an indispensable way for fastener enterprises. Under the guidance of policies and the influence of the environment, the fastener industry has vigorously carried out "machine replacement", shifting from labor - and material intensive low-end products to high-end fasteners with high technology content and added value.

2、 Analysis of fastener industry chain

1. Upstream industry

(1) Steel

The iron and steel industry is an indispensable strategic basic industry, which plays an important role in the production and life of modern society; The rapid development of the iron and steel industry system not only meets the steel demand of downstream industries, but also strongly promotes the industrialization and urbanization process of China. According to the data of the National Bureau of statistics, the output of crude steel and pig iron in China in 2021 decreased slightly compared with that in 2020, reaching 1.033 billion tons and 869 million tons respectively; Steel production continued to grow from 1.046 billion tons to 133700 tons from 2017 to 2021. At this stage, the steel industry is facing a green transformation, the national policy dividend is frequent, and the supply of the steel industry is expected to be stable, providing a sufficient raw material base for fastener manufacturing.

(2) Nonferrous Metals

Nonferrous metals are the key basic materials for the development of economy, science and technology, national defense construction and so on. They are playing an increasingly important role in society. The production of China's non-ferrous metal industry is running smoothly, and its development continues to improve. From 2017 to 2021, the output of China's ten non-ferrous metals showed a steady upward trend; In 2020, the output exceeded 60 million tons, and in 2021, the output increased by 4.6% year-on-year to 64.54 million tons. With the implementation and effectiveness of the domestic steady growth policy and the inclination of investment from all walks of life to the real economy, the resilience and elasticity of the non-ferrous metal industry have become prominent.

2. Downstream industry

(1) Automotive sector

The automobile industry is the largest consumption area of fastener products, and the number and types of fasteners required by this industry are numerous. After decades of development, China's automobile industry has become a pillar industry of the country. At present, China is a big country in global automobile production and consumption, and the competition among industries is increasingly fierce. From 2019 to 2020, the automobile industry was seriously affected by the epidemic, and the production and sales of automobiles declined year after year; By 2020, the automobile production and sales will be 25.325 million and 25.311 million respectively, but China's automobile market still has absolute advantages. In 2021, the production and sales of the automobile industry recovered, with production and sales increasing to 26.528 million and 26.275 million respectively. Although it has not recovered to the level before the epidemic, the scale of domestic car ownership continues to expand. In 2021, the number of cars exceeded 300 million, a year-on-year increase of 7.5%.

(2) Architecture

The construction industry is one of the main consumption areas of fastener products in China. In recent years, with the sound development of the economy, the continuous improvement of people's lives, and the implementation of the state's active fiscal policy, the gap between China's construction industry and western developed countries in construction technology has continued to narrow; Moreover, the domestic construction capacity is gradually strengthened, the scale is further expanded, and the industry is transforming to industrialization, digitalization and intelligence. From 2017 to 2021, the amount of newly signed contracts in China's construction industry increased steadily year by year, from 25467.9 billion yuan to 34455.8 billion yuan, a year-on-year increase of 6.0% in 2021.

(3) Construction machinery

Construction machinery refers to the machinery and equipment necessary for the comprehensive mechanized construction projects required by earthwork construction projects, pavement construction and maintenance, mobile lifting and handling operations and various construction projects, such as excavators, loaders and graders. China's construction machinery industry has made great progress, especially the sales of excavators, loaders and road rollers; In 2021, the overall sales of the main products of the construction machinery industry increased significantly. The year-on-year growth rates of the sales of excavators, loaders, graders, bulldozers and rollers were 4.6%, 7.1%, 55.9%, 17.0% and 0.2%. However, there are still some high-end fasteners in the industry that are highly dependent on the overseas market. In the future, the construction machinery industry will have a broad market demand for high-strength and high-precision fasteners.

(4) Aviation equipment field

In addition, high-strength fasteners are also widely used in the field of aviation equipment manufacturing, and the demand for aviation equipment mainly comes from the construction of the aerospace fleet - civil transport aircraft and general transport aircraft. According to the data, the number of civil and general-purpose aircraft in China is increasing year by year. By 2021, the number of civil and general-purpose aircraft will reach 4054 and 3018 respectively. At present, China's aviation equipment manufacturing industry is in a period of rapid development. As a strategic emerging industry, its long-term demand is expected to increase.

3、 Current situation of fastener market

1. Market scale

As the most basic and universal mechanical basic parts, the fastener industry plays a decisive role in the new strategic emerging industry of the country. With the economic development of China, the demand for fasteners is growing continuously, which drives the continuous growth of the industry scale. In 2014, China's fastener market size was 72.973 billion yuan. In 2021, China's fastener market size increased to 109.589 billion yuan. Since 2014, China's fastener market size has grown at a compound growth rate of 6%.

From the perspective of industries, the automotive industry is the main demand area for fasteners. In 2021, the demand for fasteners in the automotive field accounted for 58.36%; The second is the construction industry, accounting for 15.18% in 2021; The power industry accounted for 6.56%, and machinery and other industries accounted for 19.9%.

2. Production status

After more than 40 years of reform and opening-up, China's fastener industry has completed the transformation from small to large. Its output ranks first in the world, and it is a veritable big producer and exporter. From the perspective of recent years, the output of China's fastener industry has shown an overall growth trend. In 2014, the output was 7.1996 million tons, increased to 8.507 million tons in 2019, slightly decreased to 8.2501 million tons in 2020, and rose again to 8.9899 million tons in 2021, reaching a new historical high.

3. Import and export

China's fastener manufacturing industry is a typical foreign trade industry. The export channel is one of the important sales channels for China's fastener manufacturers. The proportion of export volume in domestic output has maintained at about 40% in recent years, and this proportion will reach 42.23% in 2021.

It is worth noting that although China's fastener manufacturing is a foreign trade industry, the import and export product structure is extremely unbalanced. Because most fastener enterprises in China are low in automation, backward in technology and equipment, and small in scale, most of their products are low-end fasteners, with poor product quality and low quality grade, and their exports are mainly low-end products. However, high-end products have not yet achieved self-sufficiency and still rely on imports.

However, with the improvement of the overall capacity of the domestic fastener manufacturing industry, China's fastener manufacturers are expanding to the middle and high-end product market, and the domestic substitution effect of high-end fastener products is deepening. In 2021, the import volume of China's fastener products was 22.688 billion yuan, accounting for 20.7% of the market size, and this figure was as high as 26.4% in 2018, This indicates that China's fastener manufacturers have achieved certain results in their transformation and upgrading to medium and high-end.

4、 What problems can intelligence solve in the fastener industry?

Behind the entry point of segmentation, there is often a big market demand and a real industry problem.

As we all know, the fastener industry has the characteristics of low, small and scattered. In recent years, due to the rising price of raw materials, small and medium-sized enterprises can not bear the weight of rising costs, and the impact of the epidemic on the foreign trade market, many enterprises are struggling. More and more fastener enterprises realize that the traditional development mode of relying on low-cost competition has no future, and begin to aim at the blue ocean of intelligence.

Problems in manufacturing industry:

>Too much data, cumbersome process and long waiting time

>Difficult recruitment and shortage of front-line labor

>High cost, poor quality and long order cycle of channel customer acquisition

>Communication between front-end sales and back-end warehousing is not coordinated and information is not synchronized

>Insufficient competitiveness of enterprises

>Technology stagnates and there is no innovation

......

Problems that can be solved by intelligence:

>Connect and apply massive production data

>Improve user browsing and order efficiency

>Machine replacement

>Inquiry, order placement, logistics tracking and reconciliation

>Improve production efficiency and product quality

>Full traceability, saving time and manpower

......

Technological transformation, machine replacement and intelligent upgrading of the production capacity of enterprises can fundamentally improve the quality, efficiency and competitiveness of the fastener industry, and solve the problem of shortage of front-line labor. Therefore, for a long time to come, intelligent production is the digital transformation and intelligent upgrading of enterprise production capacity and the main battlefield to promote intelligent manufacturing.

5、 Transformation of intelligent supporting fasteners to high-end

China's fastener industry has developed from the 1950s to the present, and the technical level of the industry has been significantly improved, but the high-end market depends on imports. According to relevant data, the market scale of high-end fasteners will reach 69.1 billion yuan in 2021. Among the downstream industries, the demand for automotive fasteners is the largest, accounting for 23.2%. Although the demand for aerospace fasteners is small, the added value of products is high.

In order to seize this high-end market, fastener enterprises can only rely on the improvement of quality and the growth of quantity to gain profits and occupy a place. Intelligent layout is particularly important.

In recent years, many fastener enterprises have begun to build smart factories, carry out the transformation of industry 4.0, and embrace intelligence.

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