China fastener industry development trend research and future investment analysis report (2022-2029)

Fasteners are a kind of mechanical parts used for fastening and connection and widely used. They are characterized by a wide variety of specifications, different performances and uses, and a high degree of standardization, serialization and generalization. These fasteners with national standards are called standard fasteners.

Fasteners are one of the largest categories of industrial standard parts in the market, mainly including 12 categories such as bolts, studs, screws, nuts, self tapping screws, wood screws, retaining rings, washers, pins, rivets, assemblies and connecting pairs, welding nails, etc. they are used in a wide range of industries, including energy sources, electronics, electrical appliances, machinery, chemicals, metallurgy, molds, hydraulics and so on. In order to promote the development of new industrialization and the adjustment and upgrading of industrial structure, the Ministry of industry and information technology of the people's Republic of China, the national development and Reform Commission and other departments have successively issued relevant policies for the fastener industry. China's fastener industry has maintained a good growth trend, and its market scale has expanded year by year. By 2021, the scale will reach 155.34 billion yuan, an increase of 6.0% over the previous year.

Data source: collation of public data

Industrial chain analysis

The upstream industry of the fastener industry chain is the basic raw materials of fasteners, mainly steel and non-ferrous metals, while the downstream industry is the application field of fasteners, including automobile, construction, engineering machinery, aviation equipment and other industries.

Industrial chain structure of fastener industry

Source: guanyantianxia

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.

Data source: compiled by National Bureau of statistics and guanyantianxia

(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.

Data source: National Bureau of statistics, Guanyan Tianxia collation (py)

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%.

Data source: compiled by National Bureau of statistics and guanyantianxia

(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.

Data source: compiled by China Construction Industry Association and guanyantianxia

(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.

Data source: CAAC, guanyantianxia

The "Research on the development trend of China's fastener industry and future investment analysis report (2022-2029)" released by the observation and Research Report network covers the latest industry data, market hotspots, policy planning, competitive intelligence, market prospect prediction, investment strategies and so on. It is also supplemented by a large number of intuitive charts to help enterprises in the industry accurately grasp the development trend of the industry, the trend of market opportunities, and correctly formulate enterprise competition strategies and investment strategies. Based on authoritative data released by the National Bureau of statistics, the General Administration of customs, the national information center and other channels, and in combination with the environment of the industry, this report carries out market research and analysis from many angles, from theory to practice, from macro to micro.

The industry report is one of the important decision-making bases for enterprises in the industry, relevant investment companies and government departments to accurately grasp the industry development trend, understand the industry competition pattern, avoid operation and investment risks, and make correct competition and investment strategic decisions. This report is an indispensable tool for comprehensive understanding of the industry and investment in the industry. Guanyantianxia is a well-known industry information consulting institution in China. It has a team of senior experts. Over the years, it has provided professional industry analysis reports to tens of thousands of enterprises, consulting institutions, financial institutions, industry associations, individual investors, etc. its customers include Huawei, PetroChina, China Telecom, China Construction, HP, Disney and other domestic and foreign industry leading enterprises, and has been widely recognized by customers.

The data in this research report mainly adopts national statistical data, General Administration of customs, questionnaire survey data, data collected by the Ministry of Commerce and other databases. Among them, macroeconomic data mainly comes from the National Bureau of statistics, some industry statistical data mainly comes from the National Bureau of statistics and market research data, enterprise data mainly comes from the National Bureau of statistics scale enterprise statistical database and stock exchanges, etc., and price data mainly comes from various market monitoring databases. The industry analysis methods used in this research report include Porter's five forces model analysis method, SWOT analysis method and PEST analysis method, which comprehensively analyze the internal and external environment of the industry. At the same time, through senior analysts' analysis of the current national economic situation, market development trend and current industry hotspots, the future development direction, emerging hotspots, market space, technology trend and future development strategy of the industry are predicted.