Due to China's vast territory, numerous enterprises and unlimited market, many enterprises have not yet realized that they are in a relatively backward state. Once they realize the importance of updating equipment to enterprises, when funds accumulate to a certain extent, they will inevitably invest in the technological reform boom. Come in. Therefore, the current trend of the mass purchase of new equipment in the fastener industry is on the rise, and it is estimated that this momentum will continue for 3 to 5 years. Expansion screws are a general term for fasteners, everyday spoken language. Development trend of expansion screws in China:

 

Since the “10th Five-Year” fastener industry plan puts forward, the advanced level of production technology is an important guarantee for the core competitiveness of the enterprise, which has led to the prosperity of the fastener manufacturing industry. The annual fastener fairs in Beijing, Shanghai, Ningbo and Chongqing attract eight people and activate most internationally renowned companies to set up wholly-owned and joint ventures in China.

 

After more than 20 years of reform and opening up, the development of China's fastener industry has achieved remarkable results. In 2006, the average annual growth rate of China's fastener industry reached 14%, and fastener exports increased by more than 30%. China's fastener production ranked first in the world for many years. The position of China's fastener manufacturing in the value chain of the global division of labor is also climbing. China's fastener products have been spread all over the world. From developed countries in Europe and America to developing countries in Asia, Africa and Latin America, fasteners made in China can be seen everywhere. The double-digit growth rate has been maintained for many years.