What is the market demand for fasteners after the epidemic? See what these companies say.

In recent years, China's fastener industry has maintained rapid development, and its output, sales and nationalization have continued to increase. Fasteners are widely used in various fields such as machinery, equipment, vehicles, ships, railways, bridges, buildings, structures, tools and instruments, and are closely related to the development of the equipment manufacturing industry. With the stable development of my country's economy, the demand for the downstream industry of fasteners continues to increase, and the strong support of national policies, the size of the fastener market will continue to rise. In 2019, the overall market size of China's fasteners will reach 140.2 billion billion yuan.

According to the data of China Research Institute, the overall scale of China's fastener market is expected to be around 140 billion yuan in 2020. In addition, as China's manufacturing industry continues to climb to the high-end, it is expected that the market size of high-end fasteners will reach about 60 billion yuan in 2020, a slight increase of 1%-3% year-on-year. It can be predicted that the future of China's fastener market situation is good!