Against the backdrop of global manufacturing recovery and supply chain restructuring, fasteners, known as the "rice of industry" in the industrial field, have become a barometer of the vitality of manufacturing in various countries. According to a McKinsey study, the global fastener market is expected to exceed 120 billion US dollars in 2025, with a compound annual growth rate of 5.8%. The Asia - Pacific region, driven by the explosive growth of new energy vehicles, intelligent construction, and renewable energy, accounts for 70% of the global incremental demand.
At this critical juncture, the 15th Shanghai Fastener Professional Exhibition (Fastener Expo Shanghai 2025) will be grandly opened from June 17 to 19, 2025, at the National Exhibition and Convention Center (Shanghai), becoming a hub for in - depth connection of the global industrial ecosystem.
The global market landscape is undergoing restructuring. In traditional markets, the "value - upgrading" strategy in North America and Europe is deepening. Driven by giants like Boeing and Tesla, the demand for high - strength and corrosion - resistant fasteners in the North American market is surging. According to data from the Industrial Fasteners Institute (IFI), the order volume of aviation - grade titanium alloy fasteners in 2024 increased by 23% year - on - year. However, due to the domestic production capacity gap, professional distributors have generally increased their procurement proportion from the Asian market. In the European Union, the carbon tariff is forcing supply chain reforms, giving rise to environmental protection fastener certification standards. By the end of 2024, enterprises such as Volkswagen and Siemens in Germany had shifted 35% of their procurement budget to low - carbon products that meet the EN 14080 standard.
In the Asia - Pacific market, China, with 45% of the global production capacity, continues to consolidate its position as the manufacturing center. Its export volume exceeded 18 billion US dollars in 2024, and the proportion of high - value - added products such as anti - loose bolts for photovoltaic brackets and special connecting parts for integrated die - casting in new energy vehicles has increased to 28%. At the same time, Vietnam and India are competing for shares in the mid - and low - end markets with their population and cost advantages. Vietnam's fastener export growth rate in 2024 reached 19%, but 90% of its enterprises still rely on Chinese steel raw materials.
The "infrastructure boom" in southern countries has also brought new growth. After the launch of the African Continental Free Trade Area (AfCFTA), projects such as the Mombasa - Nairobi Railway and the Lekki Port in Nigeria have driven the annual growth of local standard fastener demand by 25%. In the Middle East, driven by the "030 Vision", the procurement volume of high - temperature - resistant fasteners for oil pipelines has maintained double - digit growth for three consecutive years. This trend has directly led international giants to set up regional technical service centers. For example, the capacity of the Chinese - invested fastener industrial park in the United Arab Emirates has expanded three times in 2024.
This Shanghai Fastener Professional Exhibition will become a hub for global industrial ecosystem connection, gathering forces from all sides to jointly explore the development and future of the fastener market.
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