EuroWire January 2019

Corporate News

Special section planned for fasteners and springs at wire 2020

Apart from the automotive industry and its OEMs, the principal buyers of fasteners are producers of household appliances, electrical equipment and furniture, the construction industry as well as machinery, apparatus and steel engineering. There are also new target groups with different demands. Industrial springs including coil springs, torsion springs, disc springs and helical springs used in the automotive industry, mechanical engineering, the electrical industry, building technology, optics, office equipment, toys and in the fittings industry will also be on show at wire 2020 for the first time. The global spring market is expected to have had a volume of slightly more than $20 billion in 2016 and to grow at an average annual growth rate of 5.1 per cent to more than $32 billion between 2017 and 2025.

of the product range guarantees wire an additional mainstay with growth potential from 2020,” said Friedrich-Georg Kehrer, global portfolio director metals and flow technologies at Messe Düsseldorf. The market volume for fasteners destined for the automotive industry alone is expected to have reached around $20 billion globally in 2017, almost $21.5 billion in 2018, and to grow at an average annual growth rate (CAGR) of 2.4 per cent to over $25 billion by 2025. Deutscher Schraubenverband eV (DSV – German Screw Federation), 796,000 tons of fasteners worth €3.3 billion were produced in Germany in 2017, one of the leading producing and exporting countries for screws and fasteners. The same year the country imported 895,000 tons of fasteners. The German screw-making industry comprises some 50 manufacturers with a total of about 8,000 employees. According to the

A NEW feature at wire 2020 in Düsseldorf, Germany, will be the separate fasteners and springs exhibition areas. Exhibitor registration for the event starts at the end of January. Messe Düsseldorf, organisers of wire – which runs from 30 th March to 3 rd April 2020 – observed the developments in national and international markets for some time and talked to exhibitors and potential customers – always with a view to being close to the market and able to respond to current needs of the wire and cable industries. With these two new fasteners and springs exhibition areas, Messe Düsseldorf responds to market requirements while closing the gap between machinery, plant, raw materials and finished products at the same time. “The finished products fasteners and springs are especially ideal complements for the machinery, equipment and raw materials we presented at wire in Düsseldorf so far. This expansion

Messe Düsseldorf GmbH – Germany Website : www.wire.de

10

www.read-eurowire.com

January 2019