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Analysis of the development status of China's fastener industry in 2024
Published:
2024-04-10
1. The development history of China’s fastener industry: the global voice continues to increase
From the development of fastener industry standards, we can roughly get a glimpse of the development of my country's fastener industry. Before liberation, our country basically did not establish a decent industry, and standardization work fell even further behind. During the "First Five-Year Plan", our country proposed the first batch of national standards and industry standards based on the translation and transformation of Soviet standards.
Since then, domestic attention to international standards and standardization technology has increased year by year, and the standard procurement work has developed year by year in breadth and depth, with new national standards released every year. In recent years, the domestic fastener industry has undergone fundamental changes in terms of "standards and their functions". While striving to adopt advanced international standards, it has also actively participated in the formulation and revision of international standards, and has presided over the formulation or participated in the formulation of The influence and role of many international standards in international standardization-related work has been greatly improved. In terms of striving for more industry voice, achieving the industry's "spokesperson" status, seizing the industry's "commanding heights", and winning operating costs and time to market, Certain breakthroughs have been made in terms of taking the lead and achieving effective market control purposes.
2. Development of fastener capital in China
1. In recent years, the demand for new energy vehicles has driven the growth of fastener entrants.
According to the Chinese enterprise database Qichamao, there are currently 21,048 major companies in China's fastener industry. Among them, 2021 will be the main registration boom. The number of registered companies that year was 2,231. This is mainly due to the increase in new energy vehicle production in recent years, which has driven related The demand for fastener products and the number of entrants are increasing.
2. Industry investment and financing enthusiasm is low
Fasteners are the most widely used mechanical basic parts and are known as the "rice of industry". They are widely used in automobiles, energy, electronics, electrical appliances, machinery and other industries. Most of the representative companies in my country's fastener industry have been established for a long time. They can be roughly divided according to their registered capital and the timing of entering the market, including early entrants and mid-late entrants. Judging the market attractiveness of representative companies in the industry based on market operation accumulation and whether they are favored by the capital market, the investment and financing popularity of the industry is low.
According to the Chinese enterprise database Qichamao, among the currently existing and operating fastener companies, only 5 companies have financing information, 2 companies are strategic financing, 2 companies are Series A financing, and the other is a seed round/angel round wheel.
Note: The above-mentioned enterprises are existing and operating enterprises.
3. Development of China’s fastener market
1. Output is approaching 10 million tons
With the rapid development of my country's machinery industry, automobile industry and other industries, the demand and production of fasteners have been driven, and the scale of my country's fastener industry continues to expand. According to data released by the China General Machinery Parts Industry Association, my country's fastener industry output continued to rise from 2014 to 2019. Affected by the new crown epidemic in 2020, it declined slightly. In 2021, fastener output rebounded to approximately 8.76 million tons. It is estimated that It will further grow to 9.78 million tons in 2023. In terms of output, my country has become the world's largest fastener producer.
2. Market size: further rebound in 2023
In 2019, China's fastener industry revenue was 142.7 billion yuan, with an average annual compound growth rate of approximately 3.59% from 2012 to 2019. In 2020, China's fastener industry experienced a significant decline due to the impact of the COVID-19 epidemic, and is expected to rebound in 2021 to 140 billion yuan; there will be a fluctuating upward trend after 2020, and the market size in 2023 will be approximately 147.5 billion yuan.
