Since 2016 is the beginning year of the “13^th Five-Year Plan”, it is showed by various sorts of statistics that the good factors for metal products e.g. fasteners will appear repeated in this five-year period. As the basic parts of metal products, Fasteners Industry will also welcome the important period of transformation & upgrading.

With the development of China’s economy, the consumption of fasteners increased by year. In 2015, the market size of Fastener Industry reached around 200 Billion CNY, as the export volume of fasteners also increased yearly from 1.25 Million Metric Tons in 2005 to 2.8 Million Metric Tons in 2014.

Based on the marketing analysis, in the next five years, the global demand of fasteners would rise intensively. By 2020, the demand of fasteners would total a value of around 104 Billion USD, while the Asian-Pacific Region would remain the largest market. It was also predicted that as the rising of China’s leading position among the global manufacturing industry, the annual production value of China’s Fastener Industry would reach a value of 60 Billion CNY with a growth rate of more than 10% in the future.