Fastest demand for fasteners in Asia Pacific

Fastest demand for fasteners in Asia Pacific

According to the analysis report of the industry investigation company Friedonia’s global industrial fastener market, global industrial fastener sales will grow at a rate of 5.2% per year, reaching US$ 82.9 billion by 2016. Many global economies will recover from the global economic crisis in 2009, driving the growth of durable goods that contribute the most to fastener sales.

Due to the recovery of the motor market in developed countries, global motor vehicle production is expected to grow at a higher rate, which will promote the sales of fasteners. In 2011, motor vehicle OEMs became the largest market for industrial fasteners, and it is expected that motor vehicle output will reach a new high by 2016. At the same time, manufacturing and fixed asset investment will also boost the demand for fasteners for machinery. Despite this, fierce competition from non-mainstream connection technologies (such as adhesives) will hinder the growth of fastener sales in some market segments.

Fastest demand for fasteners in Asia Pacific

In 2011-2016, the demand for fasteners in the Asia-Pacific region will rise at a record high, with an average annual growth rate of approximately 7.4%, which is mainly due to the strong demand in the Chinese market. Although China’s demand for fasteners has only remained steady growth from 2006 to 2011, China’s demand for fasteners will continue to grow at a relatively rapid rate by 2016. In addition, India, the second largest demand market for fasteners in the Asia-Pacific region, will further promote the demand for fasteners. It is estimated that the sales volume of fasteners in India will show the fastest growth rate by 2016. The continuous growth of the durable goods manufacturing industry in China and India, and the constant demand for new and old parts and components of infrastructure, will stimulate the growth of industrial fasteners.

In addition, sales of fasteners in other developing countries will also show healthy development.

From 2006 to 2011, the demand for fasteners in developed economies such as the United States, Western Europe and Japan is far lower than that of industrialized countries, and the sales growth of fasteners in developed countries will still be lower than the global average by 2016. Supplies manufacturing is relatively mature in these regions, and there will be few growth opportunities for fastener suppliers. However, with the automobile production after the downturn and the recovery of construction spending, the fastener market in advanced economies will achieve further development in the future.

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Aquarium Light

Aquarium Light

Aquarium Light

Aquarium Light

Package Include

1 X LED Aquarium Light

1 X Free Hanging Kit

1X Free Power Cord



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Company Info

Philizon Lighting is dedicated to provide high quality and durable lighting product for customer with very competitive price.Our products mainly foucs on LED Grow Lights and led aquarium light.The equipment and materials to produce hydroponics led Grow Light and Aquarium Light fixctures imported from Taiwan, Japan, Korea and Unites States, such as automatic SMT machine, reflowsoldering machine,all kinds of electric test equipment, large integrating sphere and such sorts of productionand R&D equipment.


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