Jul . 10, 2023 13:48 Back to list

Industry Prospects



Industry development prospect and trend forecast: China's fastener industry product structure adjustment direction is increasingly clear, high-end fastener products in the industry will develop rapidly, the added value of products will increase rapidly, at the same time, the development of overseas markets along the Belt and Road countries will further promote the development of China's fastener industry export trade, is expected in the next five years, China's fastener industry market size will continue to grow, By 2027, the market size of China's fastener industry will exceed 170 billion yuan. 

Chart 1: Market prospect forecast of China Fastener industry in 2022-2027 (Unit: 100 million yuan)


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