Industry Scale and Growth
my country's fastener market is projected to reach 167.519 billion yuan in 2025, representing a year-on-year increase of approximately 30%. Demand is strong in sectors such as new energy, rail transit, and infrastructure projects. High-value-added products, such as anti-loosening bolts for photovoltaic mounts and connectors specifically for new energy vehicles, account for 28% of the market.
Industrial Structure
The industry remains dominated by small and medium-sized enterprises (SMEs), with the CR10 (market concentration of the top ten companies in the industry) less than 15%, and over 90% of the industry's total. Low-end products (such as bolts and nuts below grade 8.8) face overcapacity, while high-end products (such as grade 12.9 high-strength bolts for aerospace and precision fasteners for semiconductor equipment) have a self-sufficiency rate of only 30%, resulting in a high degree of import dependence.
Market Demand
Conventional Automobiles: Each vehicle uses an average of approximately 4,000 fasteners, with annual consumption reaching approximately 2.2 million tons. However, the value of fasteners per new energy vehicle is 1.8 times that of conventional vehicles. Fasteners for high-voltage systems must meet stringent standards such as high-temperature resistance and salt spray resistance, and fewer than 20 domestic companies can mass-produce them.
Infrastructure: Demand from projects such as rail transit and bridges accounts for 25% of the total market, reaching a market size of 112.5 billion yuan.
New Energy: From January to March 2025, new energy vehicle production and sales are projected to increase by 42.8% and 38.6% year-on-year, respectively. However, the domestic production rate of supporting high-end fasteners is only 35%, resulting in a significant mismatch between supply and demand.
Competitive Landscape
Foreign companies dominate the mid- to high-end market, while domestic companies are gradually improving their competitiveness through technological advancements (such as automated cold heading). Industrial fastener companies, due to their deep integration with downstream enterprises, have greater commercial feasibility.
The "Fastener Industry Development Plan" explicitly targets 30% industry growth by 2025. Local policies are further promoting industrial upgrading, and environmental regulations are driving the industry's transition to green manufacturing.