Analysis of fastener industry chain part four

Analysis of Fastener industry chain part four

2. Downstream industry
(1) Automobile field
The automotive industry is the largest consumer of fastener products, and the number and variety of fasteners required by the industry are numerous. After decades of development, China's automobile industry has become a national pillar industry. At present, China is a major country in global automobile production and consumption, and the competition between industries is increasingly intensified. From 2019 to 2020, the automobile industry was seriously affected by the epidemic, and the production and sales of automobiles declined year after year; By 2020, the production and sales of automobiles will be 25.325 million and 25.311 million respectively, but China's automobile market still has absolute advantages. In 2021, the production and sales of the automobile industry will recover, and the production and sales will increase to 26.528 million and 26.275 million, respectively. Although they have not returned to the level before the epidemic, the scale of domestic car ownership will continue to expand. In 2021, the number of car ownership will exceed 300 million, with a year-on-year increase of 7.5%.