Fasteners are a general term for a type of mechanical parts used to fasten two or more parts (or components) into a whole. They are commonly used in various machinery, equipment, vehicles, ships, railways, bridges, buildings, structures, tools, instruments, chemicals, instruments and supplies.
In the market, fasteners are often called standard parts, which means that their manufacturing, dimensions, inspections, etc. follow national or industry standards, and are manufactured and produced by manufacturers using corresponding molds.
Common types of fasteners include bolts, studs, screws, nuts, self-tapping screws, washers, etc. These fasteners play an important role in various fields, ensuring the stability and safety of various equipment and structures.
The upstream of the fastener industry mainly includes raw materials and fastener production equipment, among which raw materials include steel, non-ferrous metals such as copper and aluminum, and plastics; fastener production equipment includes cold heading machines, hot forging machines, etc. The midstream of the fastener industry is a variety of metal and plastic fastener manufacturers; the downstream application range is wide, including automobiles, machinery, home appliances, construction, rail transportation, shipbuilding, etc.
From the perspective of downstream demand industries for fastener products, global fasteners are mainly used in the automotive industry, electronics industry, and construction and maintenance industry.
The automotive industry is an important downstream application of fasteners. In recent years, my country has become the largest automobile producer and consumer, driving the positive development of the automotive accessories industry. In 2023, China's automobile production and sales will both exceed 30 million vehicles for the first time, setting a historical record. In 2023, my country's automobile production and sales will reach 30.161 million and 30.094 million respectively, up 11.6% and 2.3% year-on-year respectively.