Outlook for the Development of China's Automotive Mold Industry

As the mother of industry, the quality of molds directly determines the overall quality of products. More than 40% of the products in the mold industry are automotive molds, and the automotive industry, as a heavyweight in heavy industry, has an average annual growth rate of 26% in car sales. Among them, automotive parts are larger in scale than vehicles, and 90% of parts must be solved by opening molds because the automotive mold market is already very extensive.

Of course, the development of China's automotive industry has made a leap in the past two years, gradually entering a slow and slow growing industry. Against the backdrop of limited transportation infrastructure, enterprises must rely on their product quality to attract consumers, brands, and creativity. Based on the advantages gained by future competitors, for the above reasons, automotive companies will focus more on performance development and appearance improvement. Improving model mold manufacturers provides stable long-term opportunities, and in recent years, electric vehicles will also vigorously promote replacement. New energy vehicles and traditional vehicles have made great breakthroughs in appearance.

Automobile mold

In 2009, more than 220 new models of domestic passenger cars were launched, including 50 new models and about 170 modified models, with a ratio of about 2/7 between new and full vehicle models. In the future, due to the large number of new energy vehicles, especially considering the Chinese government's administrative guidance to reach 5 million sets of new energy vehicles by 2020, we expect the proportion of new vehicle models to gradually increase. Due to the large capital expenditure plans of traditional automobile companies for new energy vehicles in the next 2-3 years, we predict that the number of new energy vehicle models will increase at a high point in 2017-2018.

Automobile mold

According to statistics from the China Mold Industry Association, the global mold market demand was approximately 600 billion US dollars in 2010. In developed countries such as the United States, Japan, and Germany, automotive related mold demand accounted for over 40% of the total demand. The global demand for the mold market is expected to remain between 100 billion and 150 billion US dollars annually. It is estimated that the annual demand for the global automotive mold industry is between 25 billion and 600 billion US dollars