Global fastener market situation and future trend analysis

Published:2010-7-28 11:22:08 | Reading(1015) 1, the world several continents fastener industry development and analysis

In the next few years, China Fastener demand will be 12.5% per year rate of growth. And other Asian countries, the growth rate of 8.4% compared to the first column of Chinese in the world rankings.

Imbalance in production and marketing in Asia and Africa

In introducing the various countries and regions, production of fasteners, it is said that some countries and regions have emerged the phenomenon of production exceeds demand. The first is that Africa and the Middle East region, to 2004, annual output will reach 2,675,000,000 U.S. dollars, but the demand is only 1,175,000,000 U.S. dollars. The second area is in Asia and the Asia Pacific region, China's total output in 2004 will reach 4 billion U.S. dollars, while domestic demand is 3.7 billion U.S. dollars, but the region needs only 48 million. Ultra-out of production, only the strong to widen the export market.

1999, has invested in the fastener industry is 8.1 trillion dollars, here in 2004 will become the development of close to 10 trillion. Interesting to note that the United States in 1999 -2 004 years, will grow 19%, 17% growth in Western Europe, Asia Pacific grew 30%, which increased 14% in Japan. China has grown 52% in 1994-1999, then 2004 will continue to grow 42%, 33% growth in other Asian countries.

The greatest demand for the United States, Europe and Asia

This year's global demand for fasteners, the world can be divided into three major market is North America's largest market, to 2004, the United States, Canada, Mexico, the total demand will reach 13.5 billion U.S. dollars, is expected to increase to 16.6 billion by 2009 dollars, accounting for 34.30% of total global demand. The second largest market in Western Europe, from 11.1 billion U.S. dollars in 2004 to 14 billion U.S. dollars in 2009, together with Eastern Europe to account for 31.70% of total global demand. Is the third largest market in Asia, nine billion U.S. dollars in 1999 to 13.5 billion U.S. dollars in 2004 to reach 19.2 billion U.S. dollars in 2009, accounting for 28.4% of the global market. Three markets accounted for 94.4% of total world demand.

Production of so many fasteners are used where? First Automotive is the largest user, accounting for 23.2% of total sales fasteners; the second is the maintenance of industrial market and construction industry, together accounting for 20%; the third is the electronics industry accounted for 16.6%.

Expand production capacity and seek cooperation

Fastener market in the world so large, relatively well-known representative of the company following a few fasteners. Currently the world's largest fastener a group called TEXTRON, headquartered in the United States, accounting for fastener production around the world 6% of the turnover of the year so there is two billion U.S. dollars in 2001 to continue to grow to 22 million. TEXTRON Group has been in the mergers and acquisitions around the world well-known fastener company, so their growth in addition to their own capacity expansion, is that through cooperation, mergers and acquisitions to expand their territory in the world.

The second largest group is the United States, ITW company, is the production of small screws, all kinds of small screw production accounted for 5.4% of the world, amounting to 1.7 billion. Whether TEXTRON or ITW, their companies, production facilities all over the world, not only in the United States, Europe, Asia, Brazil, Central America, and Australia have their production company and distribution company.

There are other more famous French company GFI companies, at 1.4% of the world market; U.S. Emhart Corporation 1.4%; the United States, Fairchild companies account for 1.45% of the world market, is specialized in producing air tight firmware, supply Boeing, Airbus and other aircraft manufacturing company. There are all familiar, and the collaboration on the standard SPS companies, accounting for 1.4% of the world.

The world famous fastener manufacturers have some common characteristics. A high degree of internationalization, their concept is "where my clients, I take my manufacturing plant or warehouse on the place closest to my clients"; they can design and produce on demand of customers, and customers combined to develop a special fasteners, such as various combinations of vehicle brake system parts; these plants have the lowest cost, although the product is complex, but they do good value for money, customer satisfaction; their production, testing etc. have been fully computerized

and automated.

Second, the global fastener market Analysis and Prospect

Fastener industry in the 2010 environment of economic recovery have emerged under the sign of warming, the global magazine are major well-known fastener, said fastener industry in 2010, there had been encouraging growth in orders. However, for the second half of 2010, and future development planning and Prospect, the global fastener market, how will the development of the situation? Golden Spider's major fasteners with the global exchange of magazine editors, with the current situation, on the 2010 global fastener market development and a brief analysis of trends.

Japan

According to the Japanese Finance Ministry trade statistics, import and export volume in 2009, Japan fasteners decreased by 40% year on year and 29.4%, respectively, 53.3 billion yen and 191 939 000 000.

Japanese fastener magazine "FasteningJournal" the president said female housing Gui-hui in 2009, many fastener manufacturers in Japan, sales fell 50%, or even individual sales plummet by 90%, the loss is very heavy. Industry, market, construction fasteners down by 60%.

"In early 2010, Japan began to pick up signs of fasteners," Gui Hui added that sales in Japan the first half of fasteners has been restored to pre-crisis level of 80%. According to the Japanese Finance trade statistics, in April 2010 Japan's imports amounted to 5.4 billion yen fasteners, up 21.3% in May exports to 18.8 billion yen, up 39.5%. Remained the main export countries of China, the United States and Thailand.

Gui-hui also pointed out that in addition to the financial performance of the recovery, the Japanese fastener manufacturers are concerned about another issue - price increases fasteners. In fact, as early as before the financial crisis, the Japanese manufacturer of fasteners for the future is very optimistic on the situation, when the fastener sales grew 20% every month. Now the situation improved, and major manufacturers have begun to reconsider the price hike issue of fasteners.

Europe

"European fastener industry is facing a similar situation: in 2009 the European fastener sales have fallen sharply, prices began to rise in 2010 fasteners." Journal of the European fastener "Fastener + FixingMagazine" said editor in chief of PhilMatten.

In 2009, the European car market sales fell 40%, truck sales fell 60%. The construction industry fell by 30% to 35%. At present, market segments are the first to pick up, such as real estate recovery, led a small backhoe needs recovery. "There was a time of dismal car market to almost zero order." Matten said.

First half of 2010 many European fastener business sales are to grow. Bossard Switzerland fastener distributor sales in the first quarter compared with the fourth quarter of 2009 increased 24% to 118.6 million Swiss francs (about 84.6 million euros). German Wrth Group (WrthGroup) 1-4 month's sales also increased by 6.3%. Wrth Group's Chairman of the Central Council RobertFriedmann said, "then we will continue to increase sales efforts and continue to expand our customer base. This year's annual sales growth target of 8% reservation." Russia

Russian Journal of fasteners "Fasteners, Adhesives, Tools & ..." editor AlexanderOstashov that the Russian government is now inclined to take protective tariff policies, but the overall situation is "to promote the Russian fasteners to achieve in the variety and quality upgrade." Moreover, he also cited Russian fasteners wholesale traders Bolt.Ru example. Bolt.Ru has completed some time ago a German company PeinerUmformtechnikGmbH production 10.9 high strength bolts (M16 ~ M27) certification test. The kind of high strength bolts are being used in Russia as a bridge construction.

In order to expand the varieties of fasteners Russia, "Russian fastener manufacturers in the future need to do a lot, and now they are great efforts to enhance the implementation edge." Ostashov said.

It is reported that Russia's largest manufacturer of automotive fasteners BelZAN from 2009 began to provide fasteners for road construction, and plans for the future development of the wind power equipment, to expand the varieties of fasteners to achieve product diversification. Russia SeverstalMetiz Group also adopted for the bridge construction of high strength fasteners for verification. "A lot of fastener plant are currently planning to expand their mechanical plant." Ostashov said.

And soon, high strength fasteners amendment to the Russian standards of work and bridge the preparation of special fasteners standard will be completed.

North America

GlobalFastenerNews site editor JohnWolz also pointed out that the North American fastener manufacturers and distributors have said that 2010 sales have increased, but the ability to sustain future sales growth in confidence is not strong.

In the "Fastener Industrial News" (FastenerIndustryNews, hereinafter referred to as FIN) 09 at the end of the survey, "'Sales', 'sales', 'sales'" is the most mentioned many issues, Wolz said.

According to reports, in 2009, about 80% of the North American fastener distributors and manufacturers have suffered declining sales. FIN Sales Index reached a new low, and the best fasteners FIN Enterprises Index also reached a new low of 16 years, 09 to 6.5 late last year fell to 3.8.

In addition, when 2009 comes to a close, FIN fastener stock index rebounded, almost up to the 2008 crash in front of the same level. According to "AmericanFastenerJournal" Statistics, in February 2010 the U.S. Fasteners Import & Export grew by 16.1% and 22.9%, import and export situation has improved.

The GlobalFastenerNews in the first quarter of 2010, the North American fastener company also conducted a survey, the findings are as follows:

Fasteners Price: 60% of the fastener business over the next 6 months to maintain price stability fasteners, 34% of enterprises planned to raise prices, increase the average rate of 8.6%.

Sales: 90% of the fastener manufacturers and distributors are 75% of expected 2010 sales growth of about 10%.

Cost: about 40% of the fastener business, said the next few months, the cost will be a slight increase, while 12% of companies forecast cost will be reduced.

Employment: About 25% of the fastener business plans to increase the number of employees in 2010, more than 75% of the enterprises is expected to maintain the existing number of employees.

New assets: 30% of manufacturers plan to increase the next few months new assets investment, 24% of the distributors are ready to increase capital investment.

It is noteworthy that, after a financial crisis, the global fastener there are some new trends.

Japan's "Metal Industry News" magazine version of industrial fasteners, executive director of news, Mr. Kashiwagi said: "The recession has caused assets to the many large enterprises, large enterprises will be increasingly strong."

Matten also pointed out that "Now almost all fastener manufacturers are facing pressure from lowcost production sites, but some still do not rule out the idea of safety as a top priority of the fastener manufacturer."

The cost issue, while Japanese companies took an early response. Decades ago, Japanese manufacturers found in the standard fastener area smaller than China, so they turned to the development of high value-added products. However, in recent years Japanese companies have set up factories in China, is trying to take advantage of low production cost advantages in the production of ordinary products in China, while in Japan to produce high value-added products, further to seize the Chinese market.

"Eight immortals, have done their best." In 2010, the situation for the better in the fastener industry, the world's major countries and regions fasteners in the fastener market in order to seize the initiative, all have flashed their magic. Both improve quality, raise prices or take trade protection measures, taking diverse routes, high value-added of the road, are designed to enhance its influence in the global fastener market power and status.

Third, the Chinese fastener industry characteristics and trends of market development

Recently fastener demand growth in China is 5% -10%, 2008, demand for 3.13 million fasteners t, an increase of 9.5% in auto industry is the largest user, followed by the maintenance of industrial markets and construction industries, then the electronics industry . Recently, the state in order to

stimulate domestic demand, put a lot of support for the manufacturing industry policy, the Government 4 trillion yuan investment plan, the focus is to invest in railways, highways, airports, electricity grid, affordable housing infrastructure and equipment to benefit the most direct course ought to the manufacturing sector, which will greatly stimulate the demand on the fastener. In particular, 16-30mm size 10.9 grade high strength fastener demand will surge. Another development of the aviation industry played a strong demand for fasteners supporting role, such as Boeing plans to add 3,400 in the next 20 aircraft, the data will bring the fastener industry and demand for new development opportunities.

Since China is the spontaneous formation of the fastener industry, so certainly has its unique characteristics: First, the small size. Fastener business, with flexible mode of operation, to quickly adapt to the changing market demand, and has been developed rapidly. Second, the quantity. Currently, family workshops or family-run shop and a small processing stalls, companies have more than 2200, which is unmatched anywhere in the number of formed a large cluster. Third, all categories. Processing methods from the most primitive to the advanced multi-station cold heading machine, heat transfer from the red hit quality automatic production line, fastener industry is almost covering the entire industry all products, processes. 4 is a low cost. All production facilities were found to be private, director of business owners is another technician, salesperson, production line workers a monthly salary of between 500 to 800 yuan. Enterprise management system and cost accounting from the coastal areas on both companies can not match.

Fasteners through the long-term development, with some industrial base and advantages. Varieties, fastener markets, including most of the fasteners, all kinds of models up to thousands of products. To a market you can purchase all the required. Excellent price, low price is famous fasteners. Manufacturing enterprises are private enterprises, low cost, flexible operation mode, so have a lot of fasteners Yongnian competitiveness. Network wide, tens of thousands of sales outlets, sales force across the country, almost all of the country above the county level towns are operating point Yongnian fasteners. Function Qi, fastener market including logistics, catering, accommodation, finance, telecommunications, communications, purchase convenience, fast delivery.

But today, competition is so brutal, foreign trade enterprises shift to the domestic market is indeed not easy to do, this not only because of its inherent difficulties inherent result of thinking, it is intensified by external competition and the market shift. Products for export enterprises in China's successful expansion, we must play to their strengths on the basis of products, strengthen market

management system construction, improve marketing execution in order to make their acceptance of high-quality products for the domestic market by brand, depth gauge demand to build sales channels, increase research and development, and forging a superior level of domestic sales team, and then build a comprehensive operating platform for domestic customers. Forecast export situation of China in the second half fasteners

Trend of the second half of the export situation of Chinese fasteners, international environment is great. Golden Spider fasteners, general manager and the fourth Guangzhou trade fair organizing committee said people often think Ms. shore: "the future of the export situation of Chinese fasteners depends on requirement of overseas market, the RMB exchange rate, the debt crisis in Europe, cost pressure trial of a variety of factors. "

First, foreign demand has slowed down.

Export orders in the first half was "flowing well" trend, indicates that the foreign market has not fully recovered.

According to the Chinese Federation of Logistics and Purchasing in the latest statistics announced a show in June China's manufacturing purchasing managers index (PMI) was 52.1%, since continued to drop after April, in June compared to May fell 1.8 percentage points, compared with April by 3.6 percentage points (as Figure 1), means that although the economy is still growing, but the growth rate from the watershed has already begun in April dropped to start close to the mark 50% of the economic strength of the balance, the economy growth is slowing.

In addition, the recently published data show that Europe and the United States economy is facing a significant downside risk, especially inventory covering weakened. May -6 Philadelphia and New York on the PMI index of new orders and shipments in March -4 month sharply lower, and the stock index is expected to slide for two consecutive months, the United States make up a substantial slowdown in inventory effect; the euro zone in June PMI was 55.6, slightly lower than in May. The surge in export orders during the first half is likely to result in excess inventory of foreign importers, market saturation, stocks need time to digest. At the same time, European debt crises in the future will also affect the growth of market demand conditions in Europe, to China's exports fasteners adversely affected.

Second, appreciation of the RMB in the second half, or restart.

Although the RMB appreciation repeatedly resisted international pressure required to maintain a relatively stable exchange rate, but even "long-awaited", the RMB appreciation will always be an inexorable trend. "From this point of view, the most likely rise in the range of about 3%." Industrial province in the military branch of the International Business Department should be said. In addition, the European debt crisis also may make a more substantial depreciation of the euro resulted in appreciation of the RMB against the euro showed a trend which will affect China's exports to the euro zone.

"If the yuan appreciated 15 percent against the euro, China's exports at around euro fell 10 percent, which means that exports will be lowered from 1.4 to 1.6 percentage points. And if other countries consider the U.S. dollar has significantly depreciation, thus on the impact of China's exports may be even greater. " Lu, senior economist at Industrial Bank, political commissar of analysis.

Third, the cost factor.

Cost factor for the future export fasteners have certain effects. Because of inflation, the domestic raw material prices, labor wages, greatly increased the production cost of Chinese fasteners. Although in June, the purchase price index was 51.3%, 7.6 percentage points lower than the month, that the pressure relief, pressure to reduce business costs. However, inflationary pressures still exist, chief macroeconomic analyst at Industrial Securities Dong Xianan that all industries are facing the next inventory and cost of the dual pressures of the test period. As for the fastener business, the recent trend of steel prices have shown a decline, but the bottom when steel prices rebound, steel and other raw materials price fluctuations still affect every one of their nerves.

Therefore, this year the situation is particularly complex, making the future uncertain factors such as the export of fasteners there is a big risk. Expected in the second half, or slowed down export growth fasteners.MAX707CSA is the number for products that is related with integrated circuit.