and its position as a rapidly developing
emerging market, participating exhibitors at
INDOFASTENER 2017 can look forward to
seize bigger market share and rewarding
profits. Participation from foreign businesses is
highly welcomed in Indonesia due to rich
market opportunities. With a robustly expand-
ing manufacturing sector, there is positive
market response to new entry by international
producers who can provide higher investment
on product development and design by local
manufacturers. While there is increasing
competition from direct supply channels and
raw material production and supply costs have contin-
ued to rise, domestic manufacturers are also emphasiz-
ing on differentiating their outputs with better production
processes aided by quality fasteners.
Quality fasteners use aid modern manu-
facturing processes
Due to the energetic manufacturing, machinery
and durable goods production sectors, there have been
increasing import demands to support domestic
production and applications. This is turn has created
the need for high quality fastener products and more
precision tools suppliers in Indonesia. Such suppliers
are catering to industries’ trend of modernizing their
production processes with advanced technologies that
need new fastener applications. With rising automation
in the entire manufacturing chain, robustness in
fastener performance and top quality precision parts
integration are important requirements to ensure
smooth processes. As such, identification of the right
fastener application is a critical investment for manufac-
turers and businesses seeking sustainable and optimal
asset spending for their production facility.
Indonesia's expanding automotive and manufac-
turing industries will lead the country to become a
regional fastener production and sales hub. This is
reflective of global market development where sales
increase across the fastener production and export
markets will be driven by healthy economic growth and
ongoing industrialization efforts in most developing
nations such as Indonesia. Since 2015, worldwide
demand for industrial fasteners had rose to 5.4%
annually and forecasted to reach $93.8 billion in 2018.
By 2020, the global industrial fasteners market is
expected to reach USD 105.0 billion at CAGR of around
5.4% between 2015 and 2020. Across the global
markets, increases in motor vehicle (including transpor-
tation and aerospace industries), heavy machinery, and
other durable goods production for industrial as well as
commercial, end-product sectors will support growth in
the overall fastener industry.
TRADE SHOW PREVIEW
MOTOR SOURCE
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