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China's Mold Industry's Output Value Leads The World Automotive Industry's Largest Mold Demand
Goodyear Mold Co.,Ltd | Updated: Nov 27, 2018

China's mold industry has experienced a great improvement after more than half a century of development, and its development speed is very rapid. In general, the development of China's mold design and manufacturing technology has experienced the germination stage of hand workshop manufacturing, the rapid development of industrial production, the stage of product competition and the brand competition stage of modern production.

 

    As the automotive industry has grown by more than 20%, mold companies and mold products entering the automotive sector have increased significantly over the previous year. Automobile companies have also put forward higher requirements for the quality of mold products, prompting mold companies to step up improvement and continuously improve their level. At the same time, due to the substantial increase in the export of molds, it has also greatly promoted the improvement of the mold level.

 

    According to the statistics of the National Bureau of Statistics, the total industrial output value of China's mold industry has increased from 136.731 billion yuan in 2010 to 250.994 billion yuan in 2017. However, between 2010 and 2016, China's mold production has fluctuated. In 2016, China's mold production was about 17.23 million sets, a decrease of 0.5% from the same period of the previous year.

 

    The trend of industrial output value of the mold industry in 2010-2017

 

    According to the data of China's mold industry development prospects and investment strategy planning analysis report released by Prospective Industry Research Institute, China's mold manufacturing plant has about 30,000 employees and about 1 million employees. In 2016, the total sales of molds nationwide reached 180 billion yuan. From 2013 to 2015, the average annual compound growth rate of China's total mold sales reached 6.1%. It is estimated that the total sales of molds in the country will reach 200 billion yuan in 2018. It is estimated that by 2020, the total sales of molds in the country will reach 218.8 billion yuan.

 

    Forecast of China's total mold sales in 2013-2020

 

    China, the United States, Japan, Germany, South Korea, and Italy are the world's major producers of injection molds and stamping dies. Among them, China's mold production value is the highest in the world. Compare and analyze the distribution of mold market in the world's major mold manufacturing countries, including the largest demand for molds in the automotive industry, accounting for about 34%; demand for the electronics industry accounted for about 28%; demand for the IT industry accounted for about 12%; demand for the home appliance industry accounted for 9%; OA automation industry demand accounted for about 4%; semiconductor industry demand accounted for about 4%; other industry demand accounted for about 9%.

 

    Although China's mold industry has entered the fast lane of development, it still cannot meet the needs of China's manufacturing industry because of its large gap in terms of accuracy, longevity, manufacturing cycle and capacity compared with international standards and advanced industrial countries. . Especially in the precision, large, complex, long-life molds, still in short supply. Therefore, a large amount of imports are required each year.