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Analysis Of Bolt Market Situation

Posted by: Yoyokuo 2021-07-03 Comments Off on Analysis Of Bolt Market Situation

Advanced bolt is the foundation of high-end machinery manufacturing, and its function can be called "four two pull a thousand catties". On the surface, the output value of bolts only accounts for a few percent of the machinery industry. In essence, it brings much higher added value to key components and equipment. Over the years, after the continuous double-digit growth of Chinese bolts, the bolt industry showed negative growth in 2012, with a year-on-year decrease of about 1.5%. The main reason is the lack of market demand, especially after the bolts suffered from international anti-dumping, the export sales showed a downward trend.

The competition of bolt Market is fierce, and it is moving towards brand management. In the past 10 years, the world's attention has been focused on the development speed of Chinese bolts, which has surprised the developed countries. At the same time, it has also led them to find a new large market, in which multinational companies have entered. When domestic bolt enterprises suddenly feel that it is so difficult to survive in the market, strong competitors have been blooming everywhere. 

In today's bolt Market in China, some small and medium-sized bolt enterprises manufacture a large number of common standard parts, which does not really bring core competitiveness to enterprises, but is subject to the changes of raw materials, labor costs and other conditions. From grade 4.8 to grade 6.8 low strength bolts, or grade 8.8 to grade 12.9 high strength bolts, China's bolt production technology level will basically approach the world's advanced level, mainly for ordinary standard parts and low, medium grade special, special bolts, low price. 

It can be summarized that the leading market is full of low-grade products, a small part of high-grade, high-precision and high-strength bolts still need to be imported, and the ratio difference between the import unit price and the bid price is more than 6 times. It can be seen that China's bolt industry is still a developing industry, "big but not strong", "fat but not strong", which has a large gap with the United States, Japan, South Korea and Taiwan, and lacks technical services to solve the mechanical fastening scheme, realize the digitization of product, design, manufacturing and management, and green product and manufacturing process. 

It is understood that the development of bolts in China is under increasing pressure from resources and environment, and the important way to alleviate the resource constraints is to develop green manufacturing. In the future, the development of bolts will continue to be actively promoted in the direction of brand management, so as to promote the development of bolt projects in an all-round way.

In terms of products, middle and high-end products will accelerate the localization of quality research and development. In the whole process of design, manufacturing, packaging, transportation, use and scrap disposal, we should consider the least waste, the lowest emission, the high resource utilization rate and the minimum environmental impact, so as to coordinate and optimize the enterprise benefits and social benefits.

In the aspect of circulation, we should explore various modes of value-added services to bring value and benefits to customers. From providing a single set of bolts to providing mechanical fastening scheme, customized service and remote monitoring, the proportion of service in the sales revenue of bolt manufacturing enterprises will gradually increase.

Enterprise restructuring is the trend, strategic alliance for development. At present, the low industrial concentration of China's bolt enterprises seriously restricts the improvement of China's bolt competitiveness. Over the years, market opening has not brought core technology. In view of the above situation, the reorganization and strategic alliance between enterprises is the general trend. 

China's bolt industry must comply with this trend, strengthen strategic cooperation among enterprises, and improve the overall competitiveness of China's bolt industry. There is a lack of breakthrough in the growth of China's bolt core technology. 

At the same time, the survival space of low-end products is getting smaller and smaller. Foreign funded enterprises through localization also have considerable cost advantages. In addition, they have the advantage of technology brand, and begin to march into the market space of original independent brand.

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