China automotive mold industry development prospects

As the mother of industry, the quality of the mold directly determines the overall quality of the product. More than 40% of the products in the mold industry are automotive molds, and the auto industry is only a heavyweight in the manufacturing industry. According to statistics, China The car sales volume is growing at an annual rate of 26%, of which auto parts are even larger than the entire vehicle, and 90% of the parts must be solved through open molds, because the market for auto molds has always been very wide.

Of course, the Chinese automobile industry has experienced a period of leaps and bounds in the first two years and has gradually entered a period of gradual relaxation. Under the background of a slowing industry growth and limited transportation infrastructure, companies must rely on their own product quality to attract consumers, brands, creatives, and cost-effectiveness. In the future, competitors will gain advantages. Based on the above reasons, auto companies will put more emphasis on performance development and appearance improvement. The improvement of vehicle models will provide automotive molders with stable long-term opportunities. In addition, in recent years, The volume of vehicles will also drive the replacement of the models, and new energy vehicles and traditional cars will have a great breakthrough in appearance.

In 2009, domestic passenger cars launched more than 220 new models, of which 50 were new models and 170 models were changed. The ratio of new models to modified models is approximately 2/7. In the future, due to the massive launch of new energy vehicles, and especially considering the Chinese government’s administrative guidelines for the total number of new energy vehicles to reach 5 million in 2020, we forecast that the ratio of new models to total models will gradually increase. Since traditional auto companies have large capital expenditure plans for new energy vehicles in the next 2-3 years, we forecast that 2017-2018 will be the high point for new energy vehicle models.

According to statistics from the China Die and Mould Industry Association, the global mold market demand in 2010 was more than 600 billion U.S. dollars. In the United States, Japan, Germany and other developed countries, the demand for automotive-related molds accounted for over 40% of the total demand, and the global mold market demand. It will be maintained at between 100 billion and 150 billion U.S. dollars a year. Based on this, the annual demand of the global automotive mold industry is estimated to be between 25 billion U.S. dollars and 60 billion U.S. dollars.