In recent years, the annual average demand for fasteners in the world has increased by approximately 5.0%. In the coming years, the global fastener industry will enter a period of steady development. In 2010, the demand for fasteners in the United States, Western Europe, and Asia was 16.6 billion U.S. dollars, 14 billion U.S. dollars, and 19.2 billion U.S. dollars, respectively. The fastener product demand is divided according to the thread, the external thread products account for about 52% of the total demand; the internal thread products account for about 19% of the total demand; the non-threaded products account for about 18% of the total demand; according to user requirements Special parts and assemblies account for about 7% of total demand; special fasteners such as aerospace account for about 4% of total demand.

At present, China's agriculture, water conservancy and energy, transportation, information, construction, environmental protection and other industries have developed rapidly. Therefore, a large amount of mechanical equipment is needed to meet the needs of its development. With the improvement of industrialization and automation, these equipments require a large number of high-performance and high-reliability mechanical infrastructure components. According to the prediction of Luo Baihui, the Secretary-General of the International Modeling Association, the total demand for mechanical basic products such as seals and fasteners will increase substantially in the next “12th Five-Year Plan” period, and will maintain a double-digit increase every year. Most products In the "12th Five-Year Plan" period will double, and some products even more than one. In the coming years, there will be unlimited business opportunities for mechanical infrastructure components represented by fasteners.

Fastener products are mainly targeted at high-grade bolts, screws and other fasteners in the machine tool and automotive industry with a grade of 8.8 or higher. They are supplemented by fasteners for construction machinery, agricultural machinery, rail transportation, petrochemical equipment, and environmental protection equipment industries. The mechanical basic part market provides the necessary fasteners and standard parts.

Luo Baihui, secretary-general of the International Model Association, said that with the development of science and technology, the world has become smaller and smaller, and the integration between countries has been relatively fast. In this large family, the rapid rise of China’s economic strength, China has become the most dynamic in the world. Economic area. China's economic facilities are relatively complete, its industrial development is relatively mature, and its labor cost is relatively low. It has the comparative advantage of becoming a global hardware manufacturing center, and the outward development of hardware manufacturing industry has obvious characteristics.

China is the largest trading country for fasteners in Japan. From January to November 2011, fasteners imported from China accounted for more than half of Japan’s total fastener imports. Japanese fasteners exported to China account for Japan’s tightest Total firmware exports are about 1/4. Due to the impact of Japan's 3.11 earthquake, Japan's domestic parts supply chain was once broken, and Japan's fastener industry was also hit by huge shocks. Some companies even cut production and stopped production. Under the influence of negative factors such as the economic downturn in the country, the continued appreciation of the yen, and the lack of electricity supply, more and more Japanese manufacturing companies have focused their attention on the west of China, where the potential is endless.

According to a survey conducted by the Japan International Cooperation Bank for 600 Japanese large-scale manufacturing companies each year, China is the first place in the regions most concerned about overseas investment, and among them, China is particularly concerned about the western region.

From the Catalogue of Advantageous Industries for Foreign Investment in the Central and Western Regions and the recently issued “Notice on In-depth Implementation of the Western Development Strategy and Related Taxation Policy Issues,” it can be seen that the support and support of national policies has been gradually covered, including Sichuan, Guizhou, and Yunnan. The entire western region of Shaanxi, Gansu, Qinghai, Ningxia, Xinjiang, Tibet and other provinces (autonomous regions and municipalities directly under the Central Government) has solved many worries for manufacturers interested in expanding the western market.