(A) Domestic manufacturing upgrading driven by high-end demand growth

In recent years, with the rapid upgrading of the domestic manufacturing industry, the industrial structure is constantly optimized, the demand for high-quality, high-performance fasteners showed a rapid growth trend. Especially in the aerospace, automotive, new energy and other high-end manufacturing areas, this demand is particularly urgent. In the aerospace field, the lightweight design of aircraft and high-performance requirements, prompting a substantial increase in demand for high-strength, corrosion-resistant and lightweight fasteners. For example, the development and manufacture of new aircraft engines require the use of a large number of special materials, high-precision fasteners to ensure the safe and reliable operation of the engine in extreme operating conditions. In the automotive industry, with the rapid rise of new energy vehicles, electric vehicles on the battery pack fixed, motor and body connection, etc., the conductivity of fasteners, anti-fatigue and lightweight performance has put forward a higher standard. At the same time, the development trend of automobile intelligence also requires fasteners to have better electromagnetic compatibility and other characteristics. The new energy industry is booming, such as wind power generation equipment, solar photovoltaic facilities, etc., also on the fastener weather resistance, high strength and other performance has strict requirements. The development of these high-end manufacturing areas, for the Chinese hardware fastener enterprises to open up a broad market space, promoting enterprises to continuously increase investment in research and development to improve product quality and performance, to the high-end.

(II) “One Belt, One Road” Initiative Expands Overseas Market Space

The in-depth promotion of the “Belt and Road” initiative for Chinese fastener enterprises to “go out” and expand overseas markets provides a once-in-a-lifetime historical opportunity. The large-scale infrastructure construction in countries and regions along the route has generated a strong demand for various types of fasteners. By virtue of their cost advantages, production scale advantages and constantly improving technology level, Chinese fastener enterprises actively participate in the “Belt and Road” construction projects. Through cooperation with countries and regions along the route, they have not only expanded the scale of product exports, but also enhanced brand awareness and influence in the international market. Data show that in the past ten years, the total export of China's fastener industry has continued to maintain the growth trend, and the proportion of exports of high value-added products is also increasing. More and more Chinese fastener enterprises have set up production bases and sales networks overseas, realizing the global layout of the industrial chain and further enhancing their competitiveness in the international market.

(III) Technological innovation promotes industrial upgrading

In the context of the global scientific and technological revolution and industrial change, China's manufacturing industry has made remarkable progress in technological innovation, hardware fastener industry is no exception. The extensive application of new materials and new technologies is profoundly changing the production mode and product performance of traditional fasteners. For example, the introduction of high-strength aluminum alloys, titanium alloys and other new materials, making fasteners to ensure high strength while achieving the goal of lightweight to meet the aerospace, automotive and other industries on the urgent need for lightweight products. At the same time, the application of intelligent manufacturing technology in the production of fasteners is to greatly improve production efficiency and product quality. Through the introduction of automated production lines, industrial robots and advanced information management systems, enterprises can realize accurate control and efficient collaboration in the production process, reducing the impact of human factors on product quality. It is predicted that by 2028, 30% of Chinese manufacturers are expected to utilize generative AI to automate product quality management, which will further shorten product development time, reduce development costs, and promote the fastener industry to accelerate the development in the direction of intelligence and digitalization.

(D) Policy support and industry exhibitions help development

The state attaches great importance to and strongly supports the manufacturing industry, providing a solid and powerful policy guarantee for the development of the fastener industry. The government has actively guided and promoted the transformation and upgrading of the fastener industry through a series of policy measures, such as tax cuts and fee reductions, encouraging enterprises to increase R & D investment, and supporting technological innovation. The implementation of these policies has effectively reduced the burden on enterprises and enhanced their innovative power and development vitality. At the same time, industry exhibitions, as an important platform for technical exchanges and market expansion, play an irreplaceable role in helping fastener enterprises grasp development opportunities. For example, the 15th Shanghai Fastener Exhibition and 2025 Shanghai Automotive Fastening System Exhibition, which will be held from June 17 to 19, 2025 at the National Convention and Exhibition Center (Shanghai), is not only an annual event for the domestic fastener industry, but also an important stage for global fastener enterprises to display new technologies and products. By participating in the exhibition, enterprises can keep abreast of the latest market demand dynamics, strengthen communication and cooperation with domestic and foreign counterparts, expand domestic and foreign customer resources, and enhance the enterprise's market competitiveness.