Industry size and development

· Industry size and development: According to data released by the China Machinery General Parts Industry Association, China's fasteners industry output continues to rise, and is expected to grow further to 9.87 million tons in 2023, and China has become the world's largest fasteners producer.At the same time, the market size in 2023 is about 147.5 billion yuan, showing the steady development of the industry.

· Technological innovation: Nanjing Quanfeng Technology Co., Ltd. recently obtained an important patent called "fastener drive." This technology aims to improve the efficiency of fastener use and convenience of operation, marking a new advance in Quanfeng Technology's research and development of smart tools.

· Environmental protection and sustainability: The fastener industry is actively responding to environmental protection and sustainable development advocates by reducing environmental pollution and improving product life and reusability by using degradable materials and environmentally friendly coatings, driving the industry toward green and sustainable growth.

· Intelligent and automated: With the rise of intelligent manufacturing, intelligence and traceability have become key technologies in the fastener industry.Through the application of the Internet of things, cloud computing and big data technology, to achieve real-time monitoring and management of product manufacturing process, improve product consistency and reliability.

· International cooperation and market expansion: The fasteners industry is actively exploring international cooperation and marketing expansion. With the development and innovation of industrial technology, the fasteners sector is also continuously developing and improving.

· Industry Exhibition: 2023 China (Jiaxing) fastener industry Expo was named "Zhejiang Provincial Quality Exhibition,"The exhibition will be held in Jiaxing international convention and exhibition center from November 13th to 15th, with an exhibition area of more than 15000 square meters.

· Industry standards and talent development: The Leqing Municipal Fasteners Industry Association held its fourth member conference, summarizing the Association's work over the past four years and looking forward to its work plan for 2025, including good implementation of industry standards, deepening cooperation between school and industry, and advancing the construction of smart factories.

The fasteners industry has the latest developments and trends in production, technological innovation, environmental protection, intelligentization, and international cooperation.