According to a report of investigation, Chinese fastener industry would keep a high rise in demand and rank an important position.
Chinese demand for industrial fasteners to rise 9.4% annually through 2010
Chinese demand for industrial fasteners is projected to see annual gains of 9.4 percent to ¥40.2 billion in 2010. The Chinese industrial fastener market will outpace growth in most other parts of the world, driven by rapid growth in manufacturing production, especially industrial machinery, motor vehicles, and electrical and electronic products. In addition, industrial fastener demand will also be driven by expansion and modernization of China' s infrastructure and building construction activity.
Standard fasteners to remain the dominant type
Standard fasteners will continue to dominate the industrial fastener market through 2010, benefitting from increases in manufacturing production and construction activities. Nonthreaded sales will grow over ten percent annually through 2010, stimulated by rapid growth in durable goods, as well as by further technological innovations in nonthreaded fastener design. Externally threaded fasteners will remain the largest category of standard fasteners through 2010 as they are least likely to be replaced by joining methods like adhesives and welding.
