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Global industrial fastener market analysis and challenges
Fastener is known as "the rice industry," and who is charged with the task of connecting and fastening, its
share of industrial product cost the proportion and the importance is inversely proportional to, in the
cost of industrial products fasteners may only be in the minority, but its importance can Magdalene rate
is almost 100% peep to know; a small fastener if errors to a whole automatic production line of the
automobile may therefore shutdown, even aircraft engine due to the tight firmware error must whole
reloading, the total cost of technicians, engine and related components cost, production time, cost and
other is a hundred times more than fasteners.
After the financial crisis of 2008, five years after the global economy has been out of the haze, but
limited demand, countries have in the search for the next wave of economic momentum, invariably will eyes
placed in the industrial manufacturing. And fasteners and industrial highly correlated, talk about general
industrial fasteners species can be classified into three types: external thread fasteners (externally
threaded),titanium standard fasteners (standard), aerospace fasteners (Aero-space grade) application in electronic
and electrical appliances, aerospace, machinery, motor vehicles and maintenance market (maintenance, repair,
and Overhauling, referred to as MRO), this article will analyze the 2014 and 2018 fastener of global
industry market situation and now the industrial structure is likely to face the challenge.
(a) industrial fasteners market 2014-2018 compound growth rate estimates more than 6%
2014 global industrial fasteners operating income reached $73 billion 100 million, compared with 2013 growth
of 5%. Predicted that by 2018, the global industrial fasteners will have $93 billion 600 million in
revenue, 2014-2018 years of compound growth rate will reach 6.4%, [figure 1] global industrial fasteners
market performance for 2014-2018.
(2) industrial fasteners market in 2018 is expected to automobile and construction industry as the main
engine of growth
At present, the global fastener manufacturers are very competitive. Its main production targets are the following four:
1 the pursuit of the most suitable operating costs
2 maximum production equipment efficiency
3 shorten the time of production to delivery.
4 to improve the quality of output
The proportion of current industrial fasteners industrial power still comes from the automotive,
construction, mechanical three terminal application market and MRO Market.
[Fig. 2] for the 2014 and 2018 four large application market in industrial fasteners market change, the
figure can be seen 5 years after the industrial fasteners to automobile and camp built two large industrial
applications continued to maintain a growth trend, 2018 years of automotive fasteners accounted for the
overall industrial fasteners market 26%, battalion Jianye accounted for 8%, mechanical industry fasteners
are flat, accounting for all industrial fasteners about 2, the three together accounted for the overall
industrial fastener market share of more than half, and MRO Market accounted for nearly 8% of the
Era of the rise of the automobile industry coincided with the global wave of change and new eco car,
association of international automobile manufacturers (oica) 2014 global auto sales report pointed out that
at present the global auto industry sales have been from 2010 the 75 million growth to 89 million in 2014.
Compound annual growth rate of 4%, is expected to 2018 auto industry sales will exceed 100 million units,
then auto fastener demand is expected to be $26 billion 100 million, $24 billion 600 million in revenue.
[figure three] for 2014-2018 global automotive fasteners market performance, from 2014 to 2018 compound
annual growth rate is expected to be 7.2%, than the same period of the whole industrial fasteners is
expected CAGR of 6.4%, outstanding performance.
Global car production in 2014 ranked top five respectively for mainland China (26.4%), American (13.0%),
Japan (10.9%), German (6.6%) and South Korea (5.0%), light the top three accounted for half of the global
auto market. The future should focus on the production of commercial brand cars in Germany, France and the
United Kingdom, the product is concerned about the heavy commercial trucks, medium commercial vehicles and
light commercial vehicle market. In addition, China and India in particular preference for European senior
cars such as Mercedes Benz, Porsche, BMW and other, to cater to these newly rich countries owners demand,
European car manufacturers gradually all over the world especially Asian area build car manufacturing plant;
for countries in the Asia Pacific region, especially mainland China, China Taiwan, Japan, Malaysia and
other fastener production in major countries, car plant derived auto fastener demand gap will be a
In addition to the automotive fasteners market, the second largest industrial fasteners market for the MRO
market, from 2014 to 2018 the annual growth rate is more than 5%, to 2018 will reach $20 billion 400
million in revenue, accounting for about 24% of the overall industrial market; followed by mechanical
industrial fasteners, from 2014 to 2018 the annual growth rate is more than 5%, to reach 19 billion in 2018
dollars of revenue, the total industrial fasteners market of about 20%; finally for the construction of
industrial fasteners, from 2014 to 2018 the annual growth rate is more than 8%, industrial fasteners, all
industrial fasteners in the highest growth rate and to 2018 with the fastener auto industry as the only
remains a significant growth trend of the remaining flat, camp Jianye industrial fasteners is expected in
2018 will reach $700 million in revenue, accounting for the overall industrial fasteners market of about 8%.
2014 and 2018 industrial titanium gr5 fastening parts industry trend towards positive growth, especially in the
automotive industry to pose the leader lead fastener industry thriving, 2018 automobile production and sales
will be more than one hundred million vehicles, automotive fasteners will simultaneously benefit from; and
camp Jianye benefit in emerging countries there are still a lot of infrastructure projects such as bridges,
high-speed rail and other public construction is construction, to 2018 growth rate will be more than 8%, for
the rapid growth of industrial fasteners applications; mechanical industrial fastening pieces remained
nearly 20% of the city estimated rate, MRO Market have the opportunity to continue to grow. The whole
industrial fasteners to the market in 2018 is expected to exceed $90 billion in revenue from 2014 to 2018,
the compound annual growth rate of more than 6%.