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China’s mold industry has achieved remarkable progress. Throughout its development journey, the domestic market has consistently prioritized innovation and growth while actively engaging in technical exchanges with developed nations. These efforts have significantly bolstered the strength of China’s mold sector and enhanced the competitive edge of mold companies. Despite the ongoing complexity and dynamism of the global economy, this environment has proven advantageous for mold advancements.
By 2015, China’s mold industry had already surpassed an output value of 2 trillion yuan. With the relocation of manufacturing hubs from developed countries to China, the mold sectorè¿Žæ¥äº† fresh opportunities. While exports have steadily risen in recent years, the international competitiveness of these products remains relatively low, particularly in terms of high-precision molds that still depend heavily on imports. Consequently, domestic mold manufacturers need to deepen their integration across diverse fields.
The policy of expanding domestic demand is expected to drive further growth in China’s manufacturing sector. Key industries like automobiles, home appliances, IT, packaging, construction materials, and consumer goods will continue to offer substantial market opportunities. For instance, over 90% of automotive manufacturing processes utilize molds, with automotive-related molds comprising nearly a third of China’s total mold volume. Similarly, plastic products, which account for 45% of China’s mold output, reached close to 60 million tons in 2012, with annual growth rates of 15-20%.
In related sectors, China’s mold industry has embraced independent intellectual property rights. Through foreign investments, adopting advanced foreign techniques, and recruiting high-caliber professionals, China’s mold design and manufacturing capabilities have markedly improved. There is now a greater demand for sophisticated mold machinery and equipment, opening up vast prospects for industry growth. Additionally, the implementation of the 12th Five-Year Plan, along with policies promoting strategic emerging industries, regional development strategies, and the revitalization of equipment manufacturing, presents new growth avenues for the mold sector.
Given rising production costs abroad, there is increasing reliance on external procurement for mid-to-high-end molds. China’s current mold standards and export capabilities are well-suited to meet these demands, suggesting a significant potential in the mold export market. Currently, China’s mold industry has established several specialized clusters, fostering scientific enterprise development and enhancing innovation capabilities. Companies now boast numerous patents, positioning them for stronger competitiveness in the future.
While challenges remain, especially in precision and high-end product areas, China’s mold industry is poised for continued growth. The strategic emphasis on technological advancement, coupled with robust domestic demand, ensures that the industry will play a pivotal role in China’s transition toward becoming a global manufacturing powerhouse.