According to the U.S. Freedonia Group’s Beijing office to a new research shows that due to the rapid growth of manufacturing production, especially industrial machinery and motor vehicles, the Chinese demand for industrial fasteners is expected to grow 10.7% annually rate increase and in 2013 reached 74.2 billion. Although the period from 1998 to 2008 the growth of electrical and electronic products announced a very small number, but its production has also led to an increase in demand for industrial fasteners. While the growth in demand for high quality industrial fasteners fastener market prices will also push the overall rise. However, the new materials and new means of processing applications in a variety of durable goods to some extent inhibited sales of industrial fasteners.
Standard fasteners, internal and external thread and non-threaded fasteners of China’s industrial demand accounts for 98%. External thread fasteners standard fasteners in China, accounted for the largest share of total demand in 2008 of its demand for the 3 / 5. However, self-adhesives, and other optional connection technology, external threaded fasteners growth will slow. Shrinkage of the construction industry also within the screw-type fastener to 2013 below the average annual growth rate, the lowest annual growth rate of non-screw type, only 9.9% annual rate. Airline Fasteners sales to 2013 will exceed the standard parts, with an annual growth rate of 13.4%. The Government continues to infrastructure, the aviation industry and defense aerospace fasteners and other important markets, investment will stimulate China’s fastener demand.
According to forecasts, by 2013 OEM (original equipment manufacturers) and construction market right fastener demand will exceed the new MRO (maintenance, repair and overhaul) market. OEM fasteners in China will maintain its leading position in market demand, accounting for 75% of the total demand fasteners, coupled with industrial machinery, motor vehicles, electrical, electronics and other products to stimulate market demand, sales of fasteners will also appear new growth. Due to the large-scale infrastructure facilities, as well as the construction of residential buildings and construction of Central Africa the demand for high-quality fasteners, will also boost the growth of demand for fasteners in the construction industry.
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