The development trend of foreign fasteners
The foreign fastener market has shown a continuous growth trend and is expected to continue to grow in the future
The development of the global fastener market is driven by several factors, including the increasing demand for fasteners in various sectors of the industrial economyAccording to the statistics of CICC, the global industrial fastener market size has grown from US$84.9 billion in 2016 to more than US$110 billion in 2022, with an average annual compound growth rate of about 5.43%. This growth trend is supported by the economic and industrial development of countries such as China, the United States, Russia, Brazil, Poland and India, as well as the growth of household appliances, automotive industry, aerospace manufacturing, construction industry, electronics industry, machinery and equipment manufacturing industry, and manufacturing aftermarketThe growth of these industries has stimulated the demand for high-quality fasteners
Countries such as the United States, Germany, the United Kingdom, France, Japan and Italy are not only importers of fasteners, but also exporters of high-quality fastener productsThese countries have certain advantages in fastener production technology, especially in the United States and Japan and other manufacturing developed countries, their fastener production started earlier, and the industry standards are perfectThe United States has a long history of imported fastener products, and Chinese mainland and Taiwan, China have been the largest suppliers of fasteners in the United States for many yearsIn addition, China's metal fastener exports to the United States accounted for 12.13% of China's total metal fastener exports that year, showing China's important position in the global fastener market
To sum up, the foreign fastener market will continue to maintain a growth trend, driven by the global economic and industrial development, especially in the production and export of high-quality fastener products, the United States, Germany, Japan and other countries will continue to play an important role