Posted Date: 12/15/2010
According to the U.S. Freedonia Group’s Beijing office to a new research shows that due to the rapid growth of manufacturing production, especially industrial machinery and motor vehicles, the Chinese demand for industrial fasteners is expected to grow 10.7% annually rate increase and in 2013 reached 74.2 billion. Although the period from 1998 to 2008 the growth of electrical and electronic products announced a very small number, but its production has also led to an increase in demand for industrial fasteners. While the growth in demand for high quality industrial fasteners, fastener market prices will also push the overall rise. However, the new materials and new means of processing applications in a variety of durable goods to some extent inhibited sales of industrial fasteners…
Source and full article via American Fastener Journal.