Indonesia is still an Excellent Automotive Market in ASEAN Indonesian economic grows to a positive trend, with an average above 5% per year. It is not detached from the role of the manufacturing sector that contributes the greatest to national GDP. Based on Statistical Central Agency (BPS) data, the processing industry is still contributing to the national gross domestic product (GDP) structure up to 20.07 percent in the first quarter at the year of 2019. The amount increased compared to 2018 with achievement of 19.86 percent. Indonesia is projected to be a manufacturing center in ASEAN with several industrial sectors that have deep structures, which ranging from upstream to downstream, such as automotive, textile and garment, food and beverage, metals, and chemicals. In the automotive sector, Indonesia has a great potential as car production last year reached 1,340,000 units with a value of USD13 billion. "Currently, there are four major automotive companies that make Indonesia an important player in the global supply chain. The automotive and construction industries will be the driving force for the global industrial fastener market in 2020. The global industrial fasteners market will grow steadily during the next four years and post a CAGR of about 4% by 2020. Demand for industrial fasteners is forecast to rise 3.6 percent per year to $83.2 billion in 2020. Growth in output of durable goods such as motor vehicles, machinery, and electrical and electronic equipment will fuel gains, particularly in industrializing countries. INAFASTENER – The marketplace for Fastener and Fixing Industries INAFASTENER, the trade show exclusively dedicated to fastener and fixing technologies return for the fifth time in 2020 which will be held on March 24– 26, 2021 at Jakarta International Expo (JIEXPO) Kemayoran, Jakarta – Indonesia. INAFASTENER 2020 covers a wide product range of industrial fasteners and fixings, assembly and installation systems, storage and logistic services. INAFASTENER is part of the INAPA show of targeted trade exhibition for the fastener and fixing industry. Both buyers and sellers can take this opportunity to network the potential buyers, learn and source new technology, to grow together with the industry and to reach new heights in business status. The exhibition will be held together with INAPA, INABIKE, TYRE & RUBBER INDONESIA and EV INDONESIA and becomes more prospect, more quality and more bigger scale. Highlights: •Over 250 exhibitors from 25 countries •The show will feature the latest design and technology of fastener, fixing technology, assembly and installation systems, •Exclusive seminar by the Associations, Buyer Procurement Presentation and Technical Seminar •The new innovation & solution for fastener and fixing technology. •Business match making – the opportunity for the exhibitors to meet the target. https://www.inafastener-exhibition.net/
Fastener World's booth no. is to be determined.