Analyze the future development trend of U.S. fasteners

The development prospects of the U.S. fastener industry are still very large. With the gradual recovery of the U.S. economy, U.S. fastener industry is gradually on the right track. The fasteners will develop in the following four major trends:

1. The U.S. real estate and construction industry will fully recover. However, the development of the fast-changing fastener industry still needs to wait until a large amount of backlog inventory is exhausted by the market before it can be determined. This also depends on the recovery of the employment rate in the United States, because the employment rate directly affects the confidence of American consumers in buying new homes. In spite of this, we hope that in the future, with the increase in the number of housing improvements for improved households, the US real estate market will be able to grow at a considerable rate, thereby stimulating the growth of the US fastener industry.

2. In addition to Taiwan and mainland China, the US fastener import market will be diversified. Emerging economies will enter the US fastener industry because buyers will be more inclined to find more stable suppliers besides traditional markets to save costs and shorten delivery time. The transportation company also complied with this trend and expanded the shipping routes of major ports.

3. The shipment of imported fasteners will be docked in the United States to be closer to end users. Over the past seven years, shipments from Asia have gradually shifted to the eastern ports of the Panama Canal, as companies can avoid reducing their extra transportation costs in southern California. They want to make full use of the expanded Panama Canal to transport goods from vessels in Southeast Asia and India to the west. Figure 6 shows the overall trade trend of fasteners in the United States over the past seven years.

4. Developed economic countries such as Europe and the United States will continue to import most of the fasteners and other products from China. However, manufacturers in these countries will focus on some unique products and take advantage of the rising logistics costs to better serve their customers.

In addition, the industry itself must also strengthen technological innovation and attach great importance to science and technology. For the vast number of manufacturing industries, science and technology are the only magic weapon to be invincible. In particular, the expansion of enterprises must be done in a way that can not be blind and random.