Overview - The industrial fasteners market in China is experiencing continuous growth due to the rapid development of downstream markets such as automotive, construction, and machinery, with a projected market size of 86.798 billion yuan in 2024, representing a year-on-year growth of 3.09% [1][9] - The increasing demands for high-performance fasteners in sectors like rail transportation and port machinery are driving the industry towards high-end and refined product development [1][9] Policy Support - The Chinese government has issued several policies to support the development of the fastener industry, including the "Implementation Opinions on Improving Manufacturing Reliability" and various regional initiatives aimed at promoting technological upgrades and industry transformation [3][4] Industry Structure - The upstream of the industrial fasteners industry includes suppliers of raw materials such as steel, copper, aluminum, and plastics, as well as manufacturers of production equipment like cold heading machines and heat treatment equipment [5] - The downstream market encompasses various sectors, including automotive manufacturing, construction, machinery, home appliances, and shipbuilding [5] Market Demand - The automotive manufacturing sector is the largest downstream market for industrial fasteners in China, accounting for over 60% of the demand, driven by the rapid growth of the automotive market [7] - In the first quarter of 2025, China's automotive production and sales reached 7.561 million and 7.47 million units, respectively, with year-on-year growth rates of 14.5% and 11.2% [7] Competitive Landscape - The industrial fasteners industry in China is characterized by a large number of small-scale enterprises with limited technological innovation and core competitiveness, leading to severe homogenization and overcapacity in the low-end market [11] - Major companies in the industry include Jinyi Industrial, Fu'ao Co., and Zhenjiang Co., with Fu'ao Co. reporting a total revenue of 16.47 billion yuan in 2024, of which 18.36% came from fastener products [11][13] Company Analysis - Fu'ao Co. is a leading automotive parts manufacturer with a diverse product range, generating 30.23 billion yuan in revenue from fasteners and other products in 2024 [13] - Jinyi Industrial specializes in various fasteners and reported a total revenue of 2.37 billion yuan in 2024, with fastener sales accounting for 92.53% of its total revenue [15] Development Trends - The future of the fastener industry will see the development and application of new materials such as high-strength alloy steel, stainless steel, and titanium alloys to enhance mechanical performance [17] - There will be an increased focus on lightweight materials and environmentally friendly surface treatment technologies to meet the demands of sectors like new energy vehicles and consumer electronics [17]
研判2025!中国工业用紧固件行业政策汇总、产业链图谱、市场规模及发展趋势分析:汽车市场需求占比超60%[图]
Chan Ye Xin Xi Wang·2025-06-25 01:52