Industry Panorama Map

Industry Panorama Map: According to the "2024 China Fastener Industry Panorama Map" report, the Chinese fastener industry has made significant progress in international standardization. Domestic enterprises have actively participated in the formulation and revision of international standards, enhancing their influence in international standardization work. At the same time, China's steel production is the world's largest, and the production of copper, aluminum, and other metals continues to rise, providing ample raw materials for the fastener industry.

Policy background: China's fastener industry is supported by policies, and basic components have become an important development area. Policies encourage enterprises to implement industrial base reconstruction projects and accelerate the filling of the gap in the field of high-end basic components.

· Industry development status: China's annual production of fasteners exceeds 9.5 million tons, making it the world's largest fastener production country. In 2023, the total import and export volume of China's fastener industry reached 84.544 billion yuan, with a total import and export volume of 4.4211 million tons.

Market size: In 2023, the scale of China's fastener industry was about 147.5 billion yuan, and it is expected that the market scale will exceed 180 billion yuan in the future.

Technical progress: The fastener industry is facing new development trends and technological breakthroughs, including the rise of automated production technology, the application of innovative materials, key technologies of intelligence and traceability, as well as the advocacy of environmental protection and sustainable development.

Enterprise Dynamics: Changhua Group stated that Chery Automobile is an important client for the company, primarily providing it with fasteners, which has basically achieved full model coverage.

Industry Conference: The Fourth General Assembly of the Yueqing Fastener Industry Association was held, summarizing the work of the past four years and looking forward to the work plan for 2025, including the implementation of industry standards, deepening school-enterprise cooperation, and promoting the construction of smart factories.