Development overview of global fastener industry and barrier composition of application market development trend

The fastener market has a large number of participating production enterprises, which are generally small in scale and competitive. Due to insufficient investment in R&D and environmental protection, the core competitiveness of products of small-scale enterprises is weak and difficult to
It is impossible to establish a sustainable and stable cooperation relationship with downstream industry giants by forming independent innovation capability. It can only rely on low quality and low price sales and is forced to participate in disorderly competition. A small number of head fasteners have passed the
Accumulating core technology, actively building brand influence, and gradually expanding the production scale can give full play to the advantages of scale effect, reduce production costs, and because of the higher added value of products
More profits will be invested in R&D team building and capacity expansion, thus entering a benign enterprise development cycle. In the future, the profitability of fastener manufacturers at different levels will be further differentiated,
In the future, the industry will present a competitive pattern of "strong always strong".
In general, there are many fastener manufacturers in China at present. The market share of leading enterprises is not high, the industry concentration is low, and the industry leaders in various subdivisions are not enough to monopolize the market.