Suzhou Maite Technology Analysis: What is the market prospect of self-locking tuning screws?
The market prospect of self-locking tuning screws is relatively broad. The following is the specific analysis of Suzhou Maite Technology:
Market scale continues to grow: According to relevant reports, the market scale of China tuning self-locking screw industry will be 2.85 billion yuan in 2024, with a year-on-year growth rate of 7.3%. It is estimated that the market scale will reach RMB 3.06 billion in 2025, with a year-on-year increase of 7.4%, showing a steady growth trend.
There is a strong demand in downstream industries: the rapid development of downstream industries such as new energy vehicles, 5G communication equipment and automation equipment has brought a broad market space for self-locking tuning screws. In 2024, the purchase volume of tuning self-locking screws in the new energy automobile industry accounted for 34.6% of the whole industry market, which became an important driving force for demand growth. In addition, the aerospace and rail transit industries also contributed 18.2% and 12.8% of the market share, respectively, and maintained a continuous dependence on high-precision fasteners.
Optimization and upgrading of product structure: From the perspective of product structure, stainless steel self-locking screws are dominant, but with the progress of material technology, the application of titanium alloy and aluminum alloy is gradually expanding. In 2024, the market share of titanium alloy screws will be 19.7%, and it is expected to rise to 21.5% in 2025, and the product structure will continue to develop towards high-end.
Technological innovation brings new opportunities: with the transformation and upgrading of manufacturing industry towards intelligent manufacturing and precision machining, tuning self-locking screws will develop towards customization, high precision and intelligence. Future products may integrate more sensing technologies and micro-electronic components to realize real-time monitoring of screw tightness, which will bring new growth opportunities to the industry.
The trend of domestic substitution is obvious: in terms of enterprise competition pattern, the market share of domestic enterprises has gradually increased. In 2024, the top five domestic manufacturers of tuning self-locking screws accounted for 48.2% of the market. The market share of foreign brands has dropped from 19.8% in 2022 to 15.3% in 2024, and the trend of domestic substitution has accelerated, so domestic enterprises are expected to gain more opportunities in market competition.
The export market has great potential: in 2024, China's total export volume of tuning self-locking screws reached 470 million yuan, up 9.2% year-on-year. The main export markets include Southeast Asia, Europe and North America. With the deepening of the "Belt and Road Initiative", the export potential of emerging markets such as Southeast Asia and the Middle East will be further released, providing a broader international market space for industry development.
