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China's Fastener Market Shines with Tech Breakthroughs and Export Resilience
Beijing, Nov. 25- China's fastener industry has emerged as a global powerhouse, driven by remarkable technological breakthroughs, robust export performance, and a shift toward high-value production, latest industry data and case studies show.
Official statistics reveal that China's fastener exports reached 5.85 million tons in 2024, marking a 17.6% year-on-year increase, while export value hit 11.454 billion U.S. dollars with a 3.3% growth. A standout highlight was the 38.6% surge in December export volume, which peaked at 593,140 tons, reflecting strong global demand for Chinese-manufactured fasteners.
The industry's rise is no longer reliant on scale alone but on technological innovation that breaks foreign monopolies. Zhoushan-based 7412 Factory recently achieved a major breakthrough in cold working technology for martensitic stainless steel fasteners, a high-end segment once dominated by international giants like America's ITW and Germany's Würth. After over two years of research, the factory developed specialized annealing, wire-drawing, and lubrication technologies, stabilizing the tensile strength fluctuation of products within 5MPa - a significant improvement from the previous 44MPa range.
These high-performance fasteners, now used in key parts of automobile engines by leading manufacturers such as Weichai and Yuchai, have captured about 70% of the domestic market. "Our products reduce downstream procurement costs by over 25% and shorten delivery cycles by more than 40%," said a factory representative, noting the annual output value is expected to reach 300 million yuan.
Green manufacturing has become another competitive edge. The new process adopted by 7412 Factory achieves 100% material utilization with no waste, setting a benchmark for energy-saving production. By 2024, over 40% of large-scale fastener enterprises in China had obtained green factory certifications, with unit energy consumption dropping 18.6% compared to 2020.
Supported by national policies like the "Made in China 2025" strategy and the RCEP agreement, China's fastener industry is accelerating its move up the global value chain. With 127 enterprises recognized as national-level "little giant" specialized and sophisticated firms, the country is well-positioned to meet the growing demand from emerging sectors such as new energy vehicles and renewable energy.
Beijing, Nov. 25- China's fastener industry has emerged as a global powerhouse, driven by remarkable technological breakthroughs, robust export performance, and a shift toward high-value production, latest industry data and case studies show.
Official statistics reveal that China's fastener exports reached 5.85 million tons in 2024, marking a 17.6% year-on-year increase, while export value hit 11.454 billion U.S. dollars with a 3.3% growth. A standout highlight was the 38.6% surge in December export volume, which peaked at 593,140 tons, reflecting strong global demand for Chinese-manufactured fasteners.
The industry's rise is no longer reliant on scale alone but on technological innovation that breaks foreign monopolies. Zhoushan-based 7412 Factory recently achieved a major breakthrough in cold working technology for martensitic stainless steel fasteners, a high-end segment once dominated by international giants like America's ITW and Germany's Würth. After over two years of research, the factory developed specialized annealing, wire-drawing, and lubrication technologies, stabilizing the tensile strength fluctuation of products within 5MPa - a significant improvement from the previous 44MPa range.
These high-performance fasteners, now used in key parts of automobile engines by leading manufacturers such as Weichai and Yuchai, have captured about 70% of the domestic market. "Our products reduce downstream procurement costs by over 25% and shorten delivery cycles by more than 40%," said a factory representative, noting the annual output value is expected to reach 300 million yuan.
Green manufacturing has become another competitive edge. The new process adopted by 7412 Factory achieves 100% material utilization with no waste, setting a benchmark for energy-saving production. By 2024, over 40% of large-scale fastener enterprises in China had obtained green factory certifications, with unit energy consumption dropping 18.6% compared to 2020.
Supported by national policies like the "Made in China 2025" strategy and the RCEP agreement, China's fastener industry is accelerating its move up the global value chain. With 127 enterprises recognized as national-level "little giant" specialized and sophisticated firms, the country is well-positioned to meet the growing demand from emerging sectors such as new energy vehicles and renewable energy.