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Strong global economic recovery, Fastener demand growth

The global economy is gradually recovering, the rise of developing countries has greatly stimulated the growth of the fastener market. Developments in the field of aerospace, accelerate the development of high-end fasteners. Future industrial fastener industry is expected to maintain a high growth momentum. In 2006 to 2011, the growth rate, the global industrial fastener sales are expected to grow at a rate of 5.2% per year to reach $ 82.9 billion in 2016.


Fastener demand growth is the strongest in the Asia-Pacific region

2011 to 2016, the Asia-Pacific region is expected to grow at an annual average rate of 7.4% to record the strongest demand growth, mainly due to China's market demand driven. Although future growth in China slowed down, more than 2006 to 2011 speed but will also continue to be strong demand pull the fasteners of growth of the entire Asia-Pacific region. Rise from the relatively small size of the Indian market demand will make up for the reduced demand to 2016 sales of fasteners in India will be the world's fastest rising. Smaller countries, growth in durable goods manufacturing, as well as the infrastructure of the new and improved parts demand continued to grow, with major increases in demand of industrial fasteners.

Industrial fastener demand growth in developed economies (such as the U.S., Western Europe and Japan) than in developing countries in the period from 2006 to 2011, much slower sales growth to 2016 in developed countries will also sustained poor performance . Because these areas durables field has developed more mature, so fewer growth opportunities can be obtained by the fastener supplier. Nevertheless, after a period of recession, the recovery in automobile production and construction spending will make future sales of fasteners faster growth.

Developed countries is still the main supplier of aerospace fasteners

In fastener manufacturing, multinational companies will continue to build factories in China as well as other industries in developing countries, mainly low-cost advantages in these areas to produce low-end fastener products. Nevertheless, the United States, Western Europe and Japan will continue to be a major supplier of fasteners for aerospace and other high-end.

Gross demand for externally threaded fasteners

Aspects of product offerings, the 2011 standard externally threaded fasteners occupy a total market share of industrial fasteners hold up half the sky, is expected to 2016 will be the demand for total value of the largest types of industrial fasteners, mainly due to the various types of durable goods production growth. However, due to the growth in infrastructure investment in developing countries, as well as large-scale capital goods production growth, non-threaded fastener has a significant advantage in the safe and permanent connection, which will appear in the fastest growth rate.

Global demand for industrial fasteners gross of $ 64.4 billion in 2011: 52% externally threaded fasteners within the threaded fasteners 17% and 17% of the non-threaded fasteners, special purpose fasteners 7%, aerospace tight Firmware 7%.
 

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