An Analysis of Czechs Related Fastening Hardware Industry

The Current Development of Related Fastening Hardware Industries in Czech 
 
A. The Fastener Market  
 
Table 1 shows the import and export of Czech’s fastener industry in 2013-2017. Czech imported USD 1.029 billion worth of fasteners from the world in 2017 with a 5-year CAGR of 4.06% and also exported USD 0.572 billion worth of fasteners to the world with a 5-year CAGR of 5.47%, which means Czech’s demand for fasteners was larger than what it could actually supply by itself. 
 
Table 1. Czech’s Fastener Import and Export in 2013~2017
Unit: USD 0.1 bn; NTD 0.1 bn; %


 
Table 2 shows the fastener values Czech imported from the world in 2013-2017. The top 3 fasteners Czech imported from the world (incl. values and CAGR) in 2017 were: other screws and bolts (Value: USD 0.335 bn; CAGR:3.73%), other iron and steel non-threaded articles (Value: USD 0.125 bn; CAGR: 4.49%), and iron and steel self-tapping screws (Value: USD 0.118 bn; CAGR: 10.46%). Czech shows tremendous demand for these 3 categories of fasteners. Top 3 categories with the highest CAGR were: iron and steel automotive screws (CAGR: 59.85%), pins & cotter pins (CAGR: 26.43%), and other copper threaded articles (CAGR: 15.66%). Czech’s automotive industry (incl. the component industry) is a traditional and competitive industry and is also an industry that has attracted the most investors in the country. That is why its automotive industry continues to take the lead in Central Europe and its demand for iron and steel automotive screws continues to grow substantially. According to Roland Berger, Czech’s annual sales of electric vehicles (EV) and hybrid plugin electric vehicles, benefited by the increasing concern over environmental protection, are forecast to reach around 6,000-7,000 units by 2020 (about 3% of the total market share). 
 
Table 2. Fasteners Czech Imported from the World in 2013-2017
Unit: 1,000 USD; %


 
 
B. The Fastening Tool Market

Czech imported USD 0.141 billion worth of fastening tools from the world in 2017, with a 5-year CAGR of 9.66% and exported USD 0.216 billion worth of fastening tools to the world with a 5-year CAGR of 7.29%. 

Table 3 shows Czech’s fastening tools import and export in 2013-2017.
 
Unit: USD 0.1 bn; NTD 0.1 bn; %

 
Table 4 shows Czech’s fastening tools import and export in 2013-2017. The top 2 fastening tools Czech imported from the world in 2017 and their respective values and CAGR were: power socket wrenches (Value: USD 0.152 bn; CAGR: 5.3%), screwdrivers (Value: USD 30 million; CAGR: 12.1%)

The top 2 fastening tools with the highest 5-year CAGR were: drilling, threading and tapping tools (CAGR: 43.7%) and hand-held wrenches and spanners (CAGR: 20.2%). 

Table 4. Fastening Tools Czech Imported from the World in 2013-2017
Unit: 1,000 USD; %


1. Potential Application of Czech’s Fastening Hardware in Industries:
 
a. Automotive
 
Czech’s automotive industry (incl. components industry) is traditional and competitive and the total number of its employees is about 150 thousand. The production of Czech’s automotive industry represents nearly 20% of Czech’s total export and the export of the automotive industry also represents more than 20% of Czech’s total export (most of the models produced in Czech are small passenger cars. Czech has a competitive automotive components industry and almost all European car brands use some components made in Czech. According to statistics by Czech’s Investment and Business Development Agency, there are about 270 automotive/motorbike and components manufacturers in Czech (65% of them are foreign investors). More than 50% of the top 50 largest automotive components in the world have set up their factories in Czech to manufacture components like diesel motors, power systems, suspension systems, lamps, air-conditioners, cooling systems, bodies, electric parts and materials, tires, seat components, pistons, batteries, windshield wipers, etc.
 
According to the data released by Czech’s Automotive Association, Czech produced 1.351 million units of cars in 2016 and Czech’s major car brand, Skoda, produced more cars than in 2015 (up 12.5%). As for the development of new energy vehicles, 248 EV charging stations was set up in 2016 (inclusive of 45 stations set up by Czech’s state-owned power company- CEZ), forming a preliminary base for the construction of charging network. In addition, it is expected that Czech’s EV market after 2020 will show the growth of thousands of units per annum, so more main charging stations must be completed as early as possible in order to satisfy the charging demand of tens of thousands of EV after 2020. For achieving this goal, Czech has invested up to CZK 2 billion in building up the fast charging network. 
Source: Fastener World

Date : 07.08.2018