Discussion on the Development of the Domestic Fastener Market

Release time:

2024-01-23

Fasteners, commonly known as screws and nuts, are basic mechanical parts, known as the 'rice of industry', used in everything from spaceships and automobiles to mechanical equipment

Discussion on the Development of the Domestic Fastener Market

Fasteners, commonly known as screws and nuts, are basic mechanical parts, known as the 'rice of industry'. They are found in everything from spaceships, automobiles, and machinery to tables and chairs. This industry is a labor-intensive, capital-intensive, and high-tech strategic industry, which is highly valued by countries worldwide. After years of development, China has become the world's largest fastener producer. It is reported that there are nearly 10,000 fastener manufacturing and trading companies in China, employing over 1 million people, making a significant contribution to employment. Domestically produced carbon steel fasteners are mainly used in the automotive industry, electronic products, electronic equipment, machinery, construction, and general industrial applications. Among the production areas across the country, those in Wenzhou, Yongnian, and Haishen have the largest and most distinctive fastener industries.

Disadvantages: In recent years, the government's support for fastener industries, which are high-pollution and high-energy-consumption enterprises, has been relatively weak. This has forced many fastener companies to relocate, leading to a significant decrease in the number of such businesses.

Advantages: The fastener industry was among the earliest to develop in the three major industrial bases. Years of experience and recent difficulties have led fastener companies to recognize the importance of Brand and image.