According to a valuable report from America, China will keep increasing in needing fasteners in the following several years. Compared to the increase rate of 8.4% of other countries in Asia, the increase of the need of fasteners in China ranks the first place in the world by 12.5% per year.
There are several countries and areas which are mentioned in the report have produced more than need when introducing the fasteners' production of every countries and areas. The first one is Africa and Middle East area, the production was $2,675,000,000 in 2004 but the need was only $1,175,000,000. The second area is Asia and Asia-Pacific area, the total production was $4,000,000,000 in China in 2004, but China only needs $3,700,000,000 and the whole area only needs $4,800,000,000. The other products only can be solved by expanding the overseas market.
The report mentioned that the fixed investment sum of manufacturing fasteners in each areas around the world. The money invested on fasteners industry of the world in 1999 is $8,100,000,000,000 and it would be close to $10,000,000,000,000 in 2004. It is interesting that during 1999-2004, America increased by 19%, the Western Europe increased by 17%, Asia-Pacific area increased by 30% (Japan 14%). While China had increased by 52% during 1994-1999 and kept increasing by 42% in 2004, the other Asian countries increased by 33%.
This year, the needing quantity of the world can be divided into three large markets: the largest one is North American market; the total needing quantity of America, Canada and Mexico was $13,500,000,000 in 2004 and would reach to $16,600,000,000 in 2009, taking up 34.30% of the world needing quantity. The second large market is Western Europe, the needing sum was increased from $11,100,000,000 in 2004 to $14,000,000,000 in 2009. It would take up 31.70% of the world needing quantity if added Eastern Europe. The third large market is Asian countries, from $9,000,000,000 in 1999 to $13,500,000,000 in 2004 and to $19,200,000,000 in 2009,taking up 28.4%of the world market. The total needing quantity of the three large markets takes up 94.4% of the world's demand.
Where are they used by producing so many fasteners? First of all, automobile industry is the biggest user, taking up 23.2% of the whole fastener sales market; the second one is the maintaining industry market and construction industry, taking up 20% of the whole sales market; the third one is the electronic industry, taking up 16.6%.
The fastener products can be divided into several sorts according to the screw thread, external thread products take up 52% of the total amount; internal screw thread products take up 19% of the total amount; non-screw thread products take up 18% of the total amount. Others are the special or combined fasteners made by customers' equests, taking up 7%, and another one is comparatively particular---fasteners used in aviation and firmament, taking up 4%.
The world fastener market is so large, which ones are famous and representative fastener companies in the world? Nowadays, the largest one is TEXTRON with its headquarter in America, taking up 6% of the world fastener production. So its turnover is $2,000,000,000 one year and up to $2,200,000,000 in 2001. TEXTRON is keeping on merging and purchasing the other famous fastener companies all around the world, so their increase depends on not only their own production expansion but also cooperation and merging purchase to expand their territory in the world. The second one is also American company ITW, its main products are small screws, various small screws take up 5.4% of the world production, about $1,700,000,000. No matter TEXTRON or ITW, their companies and factories spread all over the world. In America, and also in Europe, Asia, Brazil, Middle America and Australia, they all have their own producing companies and distributing companies.
The other famous companies are GET of France, taking up 1.4% of the world market; Emhart of America, taking up 1.4%; Fairchild of America, taking up 1.45% of the world market, it specialized in manufacturing aviation and firmament fasteners, supplying fasteners for Boeing, Airbus etc. plane---manufacturing companies. And also SPS, taking up 1.4% of the world fastener market.
To sum up, there are four features of the world famous fastener manufacturers, as follows:
1.Relatively high internationalization, their conception is"where our customer is, where our factories or warehouses are close to them".
2.They can product according to customers' design and demand. They can cooperate with the customers to exploit special fasteners, such as various combined fasteners of automobile system.
3.These factories have the lowest cost, though the products are complicated, but they can make them of good quality at low price to satisfy the customers.
4.They have comprehensive computerization and automatization.
According to the previous experience, in order to improve the development of fastener industry, first, should have good raw materials, only by this can reduce the cost and produce high quality products. Only through continuous exploiting new fasteners, a company can keep developing and attain success in the competition of the world fastener industry.
