Current Situation And Prospect Analysis Of China Fastener Market Demand In 2020

From the perspective of downstream demand industries of fastener products, global fasteners are mainly used in automobile industry, electronic industry and construction and maintenance industry. Among them, the automotive industry is the largest user, accounting for about 23.2% of the total fastener sales; followed by the maintenance industry market and construction industry, accounting for about 20% of the total fastener sales; the third is the electronic industry, accounting for about 16.6% of the total fastener sales.                      
From the perspective of the trend of China's automobile production and sales in 2015-2019, they all showed a trend of first rising and then falling, and the overall scale of production and sales was not significantly different. In 2019, China's automobile production and sales will reach 25.721 million and 25.769 million, respectively, down 7.5% and 8.2% year-on-year. Negative growth occurred continuously in each month, with a more obvious decline in the first half of the year, and gradually improved in the second half of the year. The sales in December dropped slightly by 0.1%, which was basically the same as that of the same period. Overall, the scale of automobile production and sales is relatively stable.     

Auto Manufacturing     

In the automotive industry market, automotive special fasteners can be used in almost every subsystem, such as engine, wheel suspension system, chassis system, airbag, automatic anti lock braking system, etc.           
The huge market of automobile industry provides a broad space for the development of automobile fastener products. The fasteners used in a car account for 40% of the total number of parts. For example, on a light vehicle or car, the average number of fasteners used for each vehicle is about 580 kinds, 50kg and 5000 pieces; while for a medium-sized truck or a heavy vehicle, the average number of various fasteners is 90kg and 5710. If it is calculated as 75kg per vehicle, the market scale of automotive fasteners will be close to 2 million tons in 2019.           
In addition, in the environment of rapid development of China's automobile industry, with the increasingly fierce market competition, and the continuous improvement of automobile fastener product quality, such as lightweight, environmental protection, long life, etc., the equipment of automobile fastener enterprises will continue to be updated. It can be seen that the market space of automotive fasteners is huge.