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The development of automotive technology brings new opportunities for the fastener industry

Apr 11,2022

From the perspective of the development of the entire manufacturing industry, fasteners are called "the rice of industry" and the "screw" of the national economy. Fasteners usually only occupy a small part of the entire product structure, but as an organic part of the product, they play an important role: to fasten and connect two or more workpieces in the product structure into a whole .
There are a large number and variety of automotive fasteners, including Hex bolts, studs, screws, washers, retaining rings, pins, rivets, welding studs, and assemblies and connectors. At present, the demand for automotive fasteners accounts for about 23% of the total sales of the entire fastener industry, and the industry accounts for the highest proportion.


Automotive fasteners usher in favorable new policies
In the past ten years, my country has introduced the corresponding steel for automobile fasteners while introducing automobile and motorcycle production lines, and has gradually realized localization. Among them, the domestic conversion rate of high-strength automotive fasteners is the highest, which promotes the development of my country's iron and steel materials and industry, and gradually reduces my country's industrial technology level and material application level. Automotive fasteners are truly localized and internationalized. Only then can we truly improve the competitiveness of my country's auto industry. It can be seen from the statistics that the world's automobile multinational companies, especially the fastener enterprises, have gradually shifted their R&D and production bases to my country, and paid more attention to developing the market in China, which has also cultivated a large number of high-quality talents for my country's fastener industry. Talents, and the comprehensive advantages brought by this talent advantage will sooner or later appear in the independent innovation of Chinese fastener companies.
At the same time, my country's fastener enterprises have advantages that developed countries cannot match in terms of labor costs, number of process technicians and production potential. Statistics show that the satisfaction rate of China's automotive fastener product varieties has reached more than 60%, the domestic market satisfaction rate has reached more than 70%, and the production capacity of general low-end products has greatly exceeded the market demand. As a labor-intensive and raw material-intensive automotive fasteners, my country is also increasing its technological research and development and equipment introduction in all aspects.
With the further favorable national policies, more and more demands will be released. The fastener industry will closely integrate the upstream and downstream resources of the industry, fully grasp the changes in user needs, and greatly enrich the application scenarios of the industry. Through the continuous optimization and upgrading of product and service quality, the explosive growth of fastener industry applications is promoted.

Current Situation of Automotive Fastener Industry

With the globalization of the auto industry, the global competition of auto parts companies is becoming increasingly fierce. Compared with developed countries, there is still a certain gap in the technical level of my country's auto parts enterprises. The products of my country's auto parts companies are more concentrated in the field of low value-added products, and the technical strength in participating in the simultaneous research and development of the whole vehicle and the integration of parts and components is also relatively lacking. Mass replacement.
The following issues remain:
There are shortcomings in the technical level of the industry
Poor independent innovation ability of auto fastener enterprises
Automotive fastener companies lag behind the automotive industry
Equipment, detection level is backward
Lack of high-end specials
Business service is not in place
Insufficient supply and low degree of industrialization
Although there is still a significant gap between domestic automotive fastener enterprises and foreign advanced levels, my country's fastener enterprises have a certain industrial foundation and advantages after long-term development. With the increasingly fierce market competition in the automotive industry, the requirements for automotive fasteners in terms of lightweight, environmental protection, and long life are constantly increasing. As the world's largest automobile production and sales country, my country's automobile fastener enterprises continue to develop and grow rapidly. From the perspective of the world pattern, my country's fastener industry has broad development space in both horizontal scale development and vertical technology upgrade. The development and revitalization of automotive fasteners have a long way to go.

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