Internationalization of China's hardware parts and components industry
Core tips: in 2012, China's hardware industry has gradually got rid of the impact of the financial crisis, and the domestic and foreign market has gradually recovered. While maintaining the international market in Europe and the United States, China's hardware enterprises have gradually turned their eyes to the larger foreign market, and strengthened channel and brand building in the domestic market.
In recent years, with the acceleration of global economic integration, China's stainless steel hardware tool processing industry has gradually become the main force of the world hardware tool industry. Some developed countries, especially the developing countries such as Africa and the Middle East, demand for hardware tools is increasing by more than 10% every year.
Hardware tools is a labor-intensive industry. As the hometown of hardware, Yongkang once became the gathering place of hardware tools because of its low-cost traditional competitive advantage.
At the same time, the requirements of the international market for China's hardware products will also gradually develop and change, and there will be higher requirements for the quality, packaging and delivery period of Chinese products, and even gradually extend to the production process and product research and development, and combine the products with environmental protection, energy resources and human environment. And the huge market and central position gravity will further attract the manufacturing center of hardware multinational companies to transfer to China.
The integration with foreign enterprises will continuously improve the quality of China's hardware products and enterprise competitiveness. While continuing to expand the markets of traditional countries such as the United States and Japan, it will also blossom in Southeast Asia, the Middle East, Russia, Europe and Africa. According to Luo Baihui, chief information officer of Jinmo electromechanical network, global industrial fastener sales are expected to grow at an annual rate of 5.2% to reach US $82.9 billion by 2016.
Most of the world's economies will continue to recover from the financial crisis in 2009 and continue to stimulate the growth of durable goods production to significantly boost the growth of global fastener sales. Luo Baihui pointed out that in 2011, the automotive OEM industry was the market with the largest demand for fasteners, and it is expected that the market will have the largest growth point in terms of amount until 2016. At the same time, the accelerated growth of manufacturing output and fixed investment expenditure will also promote the growth of fastener usage in mechanical field. However, the fierce competition from alternative joining technologies (such as adhesives) will inhibit the sales growth of fasteners in some market areas.
From 2011 to 2016, the Asia Pacific region is expected to record the strongest demand growth with an average annual rate of 7.4%, mainly due to the promotion of China's market demand. Although China's future growth will be slower than that in 2006-2011, it will continue to drive the growth of fasteners in the whole Asia Pacific region with strong demand. The increase in demand from the relatively small Indian market will make up for the reduced demand in China, as sales of fasteners in India will rise at the fastest pace in the world by 2016. In smaller countries, the growth in durable goods manufacturing, as well as the continued growth in infrastructure demand for new and improved components, will together contribute to a significant increase in the demand for industrial fasteners.
During 2006-2011, the demand for industrial fasteners in developed economies (such as the United States, Western Europe and Japan) grew much slower than that in developing countries, and sales growth in developed countries will continue to perform poorly in 2016. Since the durable goods field in these regions has developed relatively mature, fastener suppliers can get less growth opportunities. Nevertheless, after a period of recession, the recovery of automobile production and construction expenditure will lead to faster growth of fastener sales in the future.
Developed countries are still the main suppliers of aerospace fasteners
In terms of fastener production, multinational enterprises will continue to build factories in China and other industrial developing countries, mainly to make use of the low-cost advantages of these regions to produce low-end fastener products. Nevertheless, the United States, Western Europe and Japan will remain the major suppliers of high-end fasteners such as aerospace.
The total demand of external threaded fasteners is the largest
In terms of product types, standard external thread fasteners accounted for half of the total market share of industrial fasteners in 2011, and it is expected to become the industrial fastener category with the largest total demand value by 2016, mainly due to the increase in the production of various durable products. However, due to the growth of infrastructure investment in developing countries and the growth of large capital goods production, non threaded fasteners have significant advantages in safety and permanent connection, which will show the fastest growth rate. In 2011, the global demand for industrial fasteners was 64.4 billion US dollars, including 52% external threaded fasteners, 17% internal threaded fasteners, 17% non threaded fasteners, 7% special purpose fasteners and 7% aerospace fasteners.
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