Low-end bolt market needs consolidation upgrade

China's bolt industry has become a larger industry in China. The total assets of the industry are nearly 100 billion yuan, and the development space is very large. However, due to the low threshold of the domestic bolt industry, there are many redundant construction companies with similar domestic low-end bolt products. This has led to similarities in the industrial structure among the regions and a low level of overall industry technology, which has led to disorderly competition and excessive competition in the market. In recent years, the ever-present "price wars" have fully illustrated this problem.

There are numerous small and medium-sized bolt companies in China. Due to the homogeneity of products and markets, the competition among these large and small bolt companies has led to fierce competition among them. Most bolt companies are racking their brains to gain more market space. To change this situation, it is necessary to use the invisible hand of the market and the state's macro-control in accordance with the law of value to rationalize the repeated construction of mold production. Under the principle of survival of the fittest, some companies are forced to withdraw, so that the overall profitability of the industry can be restored to the average social level, thereby establishing a healthy bolt market. Otherwise, it can only destroy the future.