SHANGHAI, Jan. 8, 2019 /PRNewswire/ — Fasteners are widely used in various sectors of the national economy, the largest number of which are used in mechanical foundation parts, known as the “industrial rice”. According to Grand View Research (GVR) industrial fastener marketing report, the global industrial fastener market will reach $104 billion by 2020, and the fastener demand will grow by about 4-5% on average around the world. At the same time, China is expected to become the best region to undertake a new round of industrial transfer due to its sustained economic development, good manufacturing base, low labor cost, and constantly improved production efficiency, which will bring huge developing opportunities to the fastener industry in China.(…)
