[HC Auto Parts Auto Insurance Network] Fasteners are the most widely used and most used mechanical basic parts in various sectors of the national economy, and are known as "the rice of industry". In the past three decades, with the rapid development of metallurgical industry, machinery industry, electronic industry, etc., it has driven the upgrading of global fastener products and the continuous progress of the fastener industry. Since the beginning of the 21st century, major national cross-century projects—West-to-East Gas Transmission, South-to-North Water Diversion, High-speed Railway and West-to-East Electricity Transmission have been rolled out. It will drive the substantial growth of the fastener industry. In addition, due to the continuous development of my country's economy and the advantages of a good manufacturing base, low labor costs, and continuously improved production efficiency, my country is expected to become the best area to undertake a new round of industrial transfer, which will give the domestic fastener industry. bring huge development opportunities.
Global procurement of spare parts
With the development of global economic and trade integration, it has become history that manufacturers in the fields of automobiles, home appliances, machinery manufacturing, railway locomotives, and aviation manufacturing only focus on individual countries for production and sales. In the fierce international market competition, production costs are reduced. , to shorten the circulation link and speed up the time to market, it is necessary to optimize the supply chain, implement resource sharing, comprehensively consider factors such as price, quality, and supply efficiency, and select suppliers on a global scale to form a global procurement supporting system.
The global division of labor system of downstream related industries in the fastener industry has been formed, realizing the optimal allocation of resources on a global scale, the widespread popularization of information industry and e-commerce and the development of efficient logistics service industry, and the relationship between spare parts and production enterprises. Information transfer and just-in-time availability create favorable conditions for zero-stock production even with global sourcing. Due to the advantages of low labor cost and relatively complete supporting industries in my country, the fastener products produced are relatively cost-effective and have certain competitiveness in the international market. The trend of global procurement of parts and components provides a good opportunity for the development of the fastener industry.
Domestic and foreign infrastructure construction
Infrastructure investment is critical for both advanced and developing economies. In developing countries, the construction of infrastructure such as roads, electricity and water has a transformative impact on people's lives and the development of enterprises; in more mature economies, building and updating infrastructure to meet demand is the key to maintaining economic An integral part of growth.
In 2016, under the coordination and cooperation of fiscal credit policies and industrial policies, transportation investment focused on supporting major national infrastructure projects under construction and continued construction with public service functions. This is a large market for the fastener industry. At the same time, many countries in the world are also increasing the scale of investment in infrastructure construction. In addition to developing countries such as Africa and the Middle East, some developed countries in Europe and the United States are also actively considering the construction of safe, clean and efficient high-speed railways. It is foreseeable that infrastructure industries such as railway transportation will benefit more opportunities for some fastener companies that have been involved in the production of high-speed rail buckle accessories for many years.
Downstream industries are developing rapidly
Although the ten major industrial revitalization and adjustment plans issued by China are to vigorously support ten important industries such as automobile, steel, textile, equipment manufacturing, shipbuilding, electronic information, petrochemical, light industry, non-ferrous metals and logistics, it will also Strongly promote the development of downstream industries such as fasteners. At present, my country has become the world's largest automobile market, and the automobile industry is also a large demander of automobile fasteners. Under the influence of the current financial crisis, many automobile manufacturers are increasingly inclined to purchase parts and components domestically in order to reduce costs. Products, the competition pattern of China's automotive fastener market will face new adjustments, and demand is expected to grow rapidly. In addition, China regards the development of wind power as one of the important tasks to improve the power supply structure, and is gradually increasing the construction of wind power bases, which will also drive the growth of fasteners required for wind power equipment.
At present, the domestic market will continue to maintain a good long-term trend in the fields of automobile, agricultural machinery, high-speed rail, metallurgy, electric power, construction machinery and infrastructure, which will bring a broad market space for the fastener industry. The basic parts represented by fasteners are not only the basic industry of my country's equipment manufacturing industry, but also an important foundation for various fields of national economic construction.
The above data and analysis are all from the "2018-2023 China Fastener Industry Production and Marketing Demand Forecast and Transformation and Upgrade Analysis Report" by the Prospective Industry Research Institute.
