Market Analysis

China has Become the World's Largest Producer of Fasteners

It’s predicted that in the next few years the global fastener market demand will experience a substantial rise. By 2020 the global industrial fastener market demand will reach 104 billion USD of which the Asia-Pacific region will remain the largest regional market.

Market Analysis

China has Become the World's Largest Producer of Fasteners

It’s predicted that in the next few years the global fastener market demand will experience a substantial rise. By 2020 the global industrial fastener market demand will reach 104 billion USD of which the Asia-Pacific region will remain the largest regional market.

AUTOMOTIVE

China has become the world's largest auto market.It's expected thatby 2025. China's annual auto production will reach 35 millior. amongwhich the sales volume of new energy vehicles will account for morethan 209 of the total, and the proportion of hybrid electric vehicleswill increase to20%, maintaining a hichspeed orowth.

NEW ENERGY

New energy is taking the role as main supplier of power from coalpower gradually in China. The capacity of coal power is expected to be1.02 bilion kWh in 2035.On the other hand, nuclear capacity is on agrowing way steadily. to about 180 milion kW-h by 2035.

PUBLIC TRANSPORTATION

With the gradual acceleration of urbanization, the Chinese govern.ment continues to strengthen infrastructure construction.By 2025it's expected that 80 cities will have urban rail transit newly put intooperation, and 340 lines will be opened. with a length of 15.033 km.

CONSTRUCTION

The development of prefabricated buildings and steel structures isunstoppable. Io 2025,prefabricated buildings will account for morethan 30% of newconstruction in China. and the market size will reachI438.9 billior yuan.

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