Analysis of the fastener industry chain five

Analysis of the Fastener industry chain five

2. Downstream industry
(2) Construction field
The construction industry is one of the main consumption areas of fastener products in China. In recent years, with the sound development of the economy, the continuous improvement of people's lives, and the implementation of national proactive fiscal policies, the gap between China's construction industry and Western developed countries in construction technology continues to narrow; Moreover, the domestic construction capacity has gradually strengthened, the scale has further expanded, and the industry has shifted towards industrialization, digitization, and intelligence. In 2017-2021, the amount of newly signed contracts in China's construction industry increased steadily year by year, from 25467.9 billion yuan to 34455.8 billion yuan, with a year-on-year increase of 6.0% in 2021.