Advanced bolts are the foundation of high-end machinery manufacturing, and their role can be described as "four or two dials". On the surface, the bolt output value only accounts for a few percent of the machinery industry. In essence, the added value it brings to key components and equipment is much higher. After years of continuous double-digit growth of Chinese bolts, the bolt industry experienced negative growth in 2012, a year-on-year decrease of about 1.5%, mainly due to insufficient market demand, especially after the bolts suffered international anti-dumping, export sales declined. situation. The market for bolts is fiercely competitive. For nearly 10 years, China ’s bolts have attracted worldwide attention and the development speed has surprised the developed countries. At the same time, they have also discovered a new type of large market, and multinational companies have flooded in. When domestic bolt companies suddenly felt that it was so difficult to survive in the market, powerful competitors have blossomed everywhere. In today's bolt market in China, some small and medium-sized bolt companies manufacture a large number of common standard parts, which does not really bring core competitiveness to the enterprise, but is subject to changes in conditions such as raw materials and labor costs. From 4.8 to 6.8 low-strength, or 8.8 to 12.9 high-strength bolts, the current level of production technology of Chinese bolts will be basically close to the world's advanced level, mainly ordinary standard parts and low- and medium-grade special and special-shaped bolts. Great price. It is summarized that low-grade products flood the dominant market. A small portion of high-grade, high-precision, high-strength bolts still need to be imported. The gap between the ratio of the unit price of imported products and the unit price of exports is about 6 times. It can be seen that China's bolt industry is still a developing industry, "big but not strong" and "fat but not strong". The gap with the United States, Japan, South Korea, and Taiwan in China is large, and there is a lack of technical services to solve mechanical constraints. Solid solutions to realize the digitization of products, design, manufacturing and management, and the greening of products and manufacturing processes. It is understood that the development of China ’s bolts is under increasing pressure from resources and the environment. An important way to ease resource constraints is to develop green manufacturing. The development of bolts will continue to be actively promoted in the direction of brand management for a period of time to promote all-round development of bolt projects. In terms of products, mid- to high-end products will accelerate the localization of quality research and development. From the design, manufacturing, packaging, transportation, use to waste disposal, the minimum waste, lowest emissions, highest resource utilization and environmental impact must be considered. Minimize the coordination and optimization of corporate and social benefits. In terms of circulation, explore various modes of value-added services to bring value and benefits to customers. From the provision of a single set of bolts to the provision of mechanical fastening solutions, customized services, remote monitoring, etc., services will gradually increase the proportion of sales revenue of bolt manufacturing enterprises. Enterprise reorganization is a trend. Strategic alliances seek to develop the current problem of low industrial concentration of Chinese bolt enterprises, which seriously restricts the improvement of China's bolt competitiveness. The market opening for many years has not brought core technology. In view of the above situation, the reorganization and strategic alliance between enterprises is a general trend. China's bolt industry must follow this trend and trend, strengthen strategic cooperation between enterprises, and improve China's overall competitiveness in bolts. China's growth in the field of bolt core technology lacks breakthroughs. At the same time, the survival space of low-end products has been squeezed smaller and smaller, and foreign-owned enterprises have considerable cost advantages through localization, coupled with the advantages of technology brands, they have begun to enter the market space of the original independent brands.