Industrial fasteners sales growth in the future strong market demand

The development of the aerospace industry has accelerated the development of high-end fasteners. The rise of developing countries has greatly stimulated the growth of the fastener market. With the growth of technology and demand, the industrial fastener industry will maintain a higher level in the future. Development momentum. According to the growth rate from 2006 to 2011, global industrial fastener sales are expected to be 5.2% per year

Most global economies will continue to recover from the financial crisis in 2009 and continue to stimulate the growth of durable goods production, which will substantially boost the growth of global fastener sales. In 2011, the automotive OEM industry was the market with the largest demand for fasteners, and it is expected that by 2016, the market will have the greatest growth in terms of amount. At the same time, the accelerated growth in manufacturing output and fixed investment spending will also increase the use of fasteners in the machinery sector. However, fierce competition from alternative connection technologies (such as adhesives) will inhibit the sales growth of fasteners in some market segments.

Fastest growing demand for fasteners in the Asia Pacific region From 2011 to 2016, the Asia-Pacific region is expected to achieve the strongest growth in demand by an average annual rate of 7.4%, mainly driven by the demand from the Chinese market. Although China's future growth will be slower than that of 2006-2011, it will continue to drive the growth of fasteners throughout the Asia-Pacific region with strong demand. The increase in demand from the relatively small Indian market will compensate for the reduced demand in China, because by 2016, sales of fasteners in India will rise at the fastest rate in the world. In smaller countries, the growth in the durable goods manufacturing sector and the continued growth in the demand for new and improved components for infrastructure will jointly boost the demand for industrial fasteners.

During the period from 2006 to 2011, the demand for industrial fasteners in developed economies (such as the United States, Western Europe, and Japan) has grown much slower than in developing countries, and by 2016, sales growth in developed countries will continue to perform poorly. . Because the durable goods industry in these regions has developed relatively well, there is less growth opportunity for fastener suppliers. In spite of this, after a period of recession, the recovery of automobile production and construction spending will make faster sales of fasteners in the future.

Aerospace fasteners in developed countries is still a major supplier <br> <br> in the production of fasteners, multinational companies will continue to build factories in China as well as other industries in developing countries, mainly to take advantage of these low-cost areas To produce low-end fastener products. Nevertheless, the United States, Western Europe and Japan will continue to be major suppliers of high-end fasteners for aerospace applications.

The maximum gross <br> <br> or product ranges externally threaded fastener demand, the 2011 standard externally threaded fasteners industrial fasteners occupy a total market share of half the sky, is expected to gross demand in 2016 will be the largest The types of industrial fasteners are mainly due to the increase in the output of various types of durable goods. However, due to the growth of infrastructure investment in developing countries and the growth of large-scale capital goods production, non-threaded fasteners have significant advantages in terms of safety and permanent connection, which will show the fastest growth rate.

In 2011, the global demand for industrial fasteners was 64.4 billion U.S. dollars: 52% of externally threaded fasteners, 17% of internally threaded fasteners, 17% of non-threaded fasteners, and 7% of special purpose fasteners. Firmware 7%.