Japanese industrial fastening market is one of the most developed in the world. In 2020 production volume of fastening products is assessed at 2.83 mil tons, valued at about 817.4 bln. JPY. There are over 1000 manufacturing companies and about 400 trading companies in the industry.
Japanese manufacturers specialize in high-quality fastening products. The value of Japanese fastening on a per-ton basis can be 2-3 times more than products from countries that specialize in mass-market products.
Japanese manufacturers aim to maintain the high level of their products through innovation. In the near, mid-term there are four major technological trends in Japan: 1) Anti-loosening solutions; 2) Innovation in materials; 3) Visualization solutions; 4) Digitalization.
