Bolt Market Scenarios

 

Advanced bolts are the foundation of high-end machinery manufacturing, and their role can be described as "a little effort can achieve a great result". On the surface, bolt output value accounts for only a few percent of the machinery industry. In fact, the added value it brings to key components and equipment is much higher. After years of continuous double-digit growth, China's bolt industry experienced negative growth in 2012, down about 1.5% year-on-year. The main reason is insufficient market demand, especially after bolts were subject to international anti-dumping, export sales have been declining. [1]
The bolt market is highly competitive and moving towards brand management. In the past 10 years, China's bolt market has developed at a remarkable speed, which has surprised developed countries and also made them discover a new large market. Multinational companies have entered one after another. When domestic bolt companies suddenly felt that it was so difficult to survive in the market, strong competitors had already sprung up everywhere. In today's Chinese bolt market, some small and medium-sized bolt companies produce a large number of ordinary standard parts, which have not really brought core competitiveness to the company. Instead, they are constrained by changes in raw materials, labor costs and other conditions. From 4.8 to 6.8 low-strength, or 8.8 to 12.9 high-strength bolts, China's bolt production technology level will basically approach the world's advanced level, mainly ordinary standard parts and low- and medium-grade special and special-shaped bolts, with large quantities and low prices. In summary, low-grade products dominate the market, and a small part of high-grade, high-precision, and high-strength bolts still need to be imported. The ratio of the imported unit price to the bid price is about 6 times or more. It can be seen that China's bolt industry is still a developing industry, "big but not strong", "fat but not strong", and there is a big gap with the United States, Japan, South Korea and Taiwan, China, and there is a lack of technical services to solve mechanical fastening solutions, realize the digitalization of products, design, manufacturing and management, and green products and manufacturing processes. It is understood that the development of bolts in China is under increasing pressure from resources and the environment. An important way to ease resource constraints is to develop green manufacturing. The development of bolts will continue to actively advance in the direction of brand management in the future, and promote the full development of bolt projects.
In terms of products, mid-to-high-end products will accelerate the localization of quality research and development. From the entire process of design, manufacturing, packaging, transportation, use to scrapping, we must consider the least waste, the lowest emission, the high resource utilization rate and the smallest environmental impact, so as to coordinate and optimize the corporate benefits and social benefits.
In terms of circulation, explore various value-added service models to bring value and benefits to customers. From providing a single set of bolts to providing mechanical fastening solutions, customized services, remote monitoring, etc., the proportion of services in the sales revenue of bolt manufacturing companies will gradually increase.
Enterprise restructuring is a trend, and strategic alliances seek development. The current problem of low industrial concentration of Chinese bolt companies seriously restricts the improvement of China's bolt competitiveness. The market opening over the years has not brought core technology. In view of the above situation, restructuring and strategic alliances between enterprises are a major trend. China's bolt industry must follow this trend and trend, strengthen strategic cooperation between enterprises, and improve the overall competitiveness of China's bolts. China's growth in the field of core bolt technology lacks breakthroughs. At the same time, the living space of low-end products is getting smaller and smaller, and foreign-funded enterprises through localization also have considerable cost advantages. Coupled with the advantages of technology brands, they have begun to enter the market space of original independent brands.