Forecast and Analysis of Market Scale and Prospect of China Fastener Industry in 2021

Release time:

2020-12-16

Core Tip: The global epidemic is still not under effective control, which will continue to affect the production and export of the fastener industry. It is expected that the main business income will continue to decline to 112.56 billion yuan in 2020.

Forecast and Analysis of Market Scale and Prospect of China Fastener Industry in 2021

Fasteners are the most widely used basic parts in industry today, and are known as "industrial rice". Fasteners are characterized by a wide range of specifications, different performance and uses, a high degree of standardization, serialization, and generalization, and a wide range of applications, involving many departments of the national economy, and are widely used in various machinery, equipment, vehicles, ships, Railways, bridges, buildings, structures, tools, instruments, chemicals, meters and other products.

Definition and classification of (I) industry

Fasteners are a general term for a type of mechanical parts used when two or more parts (or components) are fastened and connected into a whole. They mainly include: bolts, studs, screws, nuts, self-tapping screws, There are twelve categories such as wood screws, retaining rings, washers, pins, rivets, assemblies and connection pairs, welding nails, etc., which are used for fastening and connection and are widely used.

Overview of China's Fastener Industry in (II)

After more than 40 years of reform and opening up, China's fastener industry has completed the transformation from small to large, and its output ranks first in the world. It is a veritable producer and exporter. As the most basic and common mechanical basic parts, the fastener industry plays an important role in the new strategic emerging industries of the country, and has broad market demand and good development prospects.

(III) market size

From 2012 to 2019, the main business income of China's fastener manufacturing industry declined after rising to its peak in 2017. By the end of 2019, the main business income of China's fastener manufacturing industry was 122.059 billion billion yuan.

jzz

Source: Wind, compiled by the China Business Industry Research Institute.

In 2019, the fastener industry encountered various challenges and difficulties. The impact of the Sino-US trade war appeared, and exports fell significantly; international trade frictions increased and corporate exports were blocked; raw material prices remained high and production costs increased; environmental protection supervision Intensify efforts, many companies are required to rectify, relocate, and even shut down; factors such as high comprehensive costs in all aspects restrict companies from further expanding production and exports.

In early 2020, there was a sudden outbreak of novel coronavirus pneumonia, and although the current domestic epidemic situation improved, the epidemic prevention and control situation of "external import prevention and internal non-proliferation" is still relatively severe. The global epidemic is still not under effective control, which will continue to affect the production and export of the fastener industry. It is expected that the main business income will continue to decline to 112.56 billion yuan in 2020.

As the Chinese government actively take measures to deal with the new crown epidemic, the domestic epidemic is also completely under control, people can normally engage in production and business activities, the country also vigorously promote the internal cycle of the industry, which will be good news for the fastener industry, it is expected that in 2021 the main business income will pick up, revenue of up to 122.54 billion yuan.

Forecast and Analysis of (IV) Industry Prospect

(1) The continuous development of the wind power industry provides a broad market prospect for the fastener industry.

With the increasing awareness of environmental protection in various countries and the continuous decline in the cost of wind power, more and more countries have joined the ranks of developing wind power. According to the report "China Wind Power Development Roadmap 2050" released by the Energy Research Institute of the National Development and Reform Commission, it is predicted that by 2020, 2030 and 2050, China's installed wind power capacity will reach 200000 MW, 400000 MW and 1 million MW respectively, and wind power will meet 17% of the electricity demand in 2050, becoming one of China's five major power sources. As fasteners are an indispensable part of wind power generation, there is a large space for growth in the installed scale of wind power in the world and in China, thus providing a broad market for China's fastener manufacturing industry.

(2) The support of national industrial policy provides a good policy environment for the fastener industry.

In recent years, the state has successively issued many industrial policies and related regulations to regulate, guide and control the development scale and speed, operation management, technical standards and other aspects of the wind power industry. The repeated construction of domestic wind power will be curbed, and the development of the wind power industry will be uncoordinated. Problems such as frequent off-grid accidents have been improved, the wind power grid connection rate has been improved, and the industry will enter a standardized development stage, the domestic wind power industry has gradually realized the transformation from the pursuit of development speed to the pursuit of development quality. With the introduction of a series of relevant national industrial policies, it is bound to form the priority development and integration of the industry, and the development space of China's wind power industry is still broad in the future. As the basic industry of high-end equipment manufacturing industry, high-strength fastener manufacturing industry is an important part of strategic emerging industries. The state attaches great importance to the wind power industry and provides strong policy support for the development of the fastener industry.

(Source: Golden Spider Fastener Web)