OME Construction Market and Fastener
Fasteners are known as standard parts on the marketand which is a mechanical components that can be mechanically secured or bownded together by two or more elements. It is characterized by a wide variety of specifications, varied performance purposes,standardization, serializationand the high universality. Fasteners are the most widely used mechanical base pieces,which are in great demand. Fasteners can also be used to keep containers (such as bags, boxes) in a closed state by the way of keeping the opening of the element intact and installing the lid on the container. There are also specially designed components such as a bobbin that does not permanently enclose the container and the user can still open the container without destroying the fastener.Fasteners are used for fastening connection,which is a very extensive application of mechanical parts, widely used in a variety of machinery, equipment, vehicles, ships, railways, bridges, construction, structure, tools, instruments, chemicals, and so on.
By 2017, the demand for US industrial fasteners will grow at an annual rate of 4.3 percent,which reach $ 14.8 billion. Demand growth is mainly due to the rebound in the motor vehicle manufacturing market, accounting for about one quarter of all fastener demand. While construction market fasteners grew fastest. After the fall of 2007 - 2012, the construction market - including residential and non - residential, will have a strong recovery. In the future, intense competition from adhesives, fixation and welding technologies will hinder the growth in demand for fasteners in multiple applications.
Fasteners are a mature product, although the current high value-added technology to improve the product in many markets is very limited, but they certainly have its value. Competition from foreign manufacturers, such as moderate raw material costs and other factors, will inhibit the growth of prices, thus hindering the growth of fastener sales.
In 2017, the demand for standard fasteners is expected to exceed the demand for aerospace products, mainly because OEMs and the construction market are heavily used for standard fasteners. The external thread standard fasteners will maintain the largest market share and get the fastest growth, with the exception of special purpose products.
