Market Analysis
China has Become the World's Largest Producer of Fasteners
It’s predicted that in the next few years the global fastener market demand will experience a substantial rise. By 2020 the global industrial fastener market demand will reach 104 billion USD of which the Asia-Pacific region will remain the largest regional market.
2016 Imp. & Exp. Volume of China Fastener Products
Data from the General Administration of Customs of China (Jan. – Dec., 2016)
Fastener Application Industries Under Rapid Growth in China
The “Made in China 2025” and the "One Belt One Road" development strategy introduced by the Chinese government will lead to a rapid development of automotive, new energy, high-speed rail, urban transport, aviation, aerospace, petrochemical, infrastructure and many other application industries.
Automotive Industry
China is the world's largest automobile market
Automobile output in 2016: 28.12 million cars
An increase of 14.5% as compared to 2015
Transportation Network
By 2020, it’s estimated:
National new-built railway: 23,000 km
Investment to urban rail: $364.83 billion
New Energy
“Internet Plus+” action & smart energy plan will bring more than $5.84 billion investment
Wind energy and solar energy take the priority.
Petrochemical Industry
By 2020, it’s estimated:
Domestic petroleum consumption: 0.59 billion tons
Cumulative built tube network for crude oil: 32,000 km
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