China's Mold Industry Is Expected To Exceed 400 Billion In Output Value In The Next Five Years

- Mar 27, 2019-

China's mold industry is expected to exceed 400 billion in output value in the next five years

  In recent years, the market environment has undergone drastic changes, and the domestic manufacturing industry has been hit hard. At the same time, the competition has become increasingly fierce, and the mold industry's recession has been rampant. However, as the mother of the industry, the future of the mold industry is still promising, but it is currently on the verge of a trough. As the mold industry bottoms out, the output value in the next five years is expected to exceed 400 billion.

   Mold is one of the most important cornerstones of the industry and plays a vital role in manufacturing. Even highly industrialized developed countries are equally inseparable from mold development. For example, in the United States, Japan, and Germany, the mold industry still plays an important role in the total industrial output value.

  China's mold industry has been in a downturn since the 2008 financial crisis. In the past two years, the global economy has been sluggish, leading to a decline in export molds, and the mold industry is once again facing challenges. China is also in the critical period of manufacturing transformation and upgrading, the price war is fierce, and the mold industry is more pressured.

  The mold industry is a basic industry and the competition threshold is not high. According to the data of China's mold industry development prospects and investment strategy planning analysis report provided by Prospective Industry Research Institute, there are more than 30,000 mold manufacturing enterprises in the country. Obviously, the imbalance between supply and demand is one of the main problems in the development of the mold industry. In addition to internal competition, mold companies in developed countries have accelerated overseas expansion, further exacerbating competition.

  Although it is currently at a low point, China's mold manufacturing has not been the same, the industry scale has increased significantly, and the mold production level has approached or reached the international advanced level. With the help of Internet information technology, the mold industry still has good development prospects.

   First of all, China's economic downturn pressure has eased and entered a stable growth channel. At the same time, the government has vigorously promoted the transformation and upgrading of the manufacturing industry, and the recovery of manufacturing industry is just around the corner. As a basic industry, the mold industry will take the lead in benefiting.

  Secondly, after years of fierce competition, enterprises with poor management or weak product competitiveness have been eliminated, and the surviving enterprises have certain advantages in technology and customers, and the industry has entered a stable period.

   However, in the future, the mold industry should be close to the high-end market to manufacture high-precision, high-quality, high-tech products. This is also in line with the expectations of the Chinese government for manufacturing.

  The machine exchanges the tide, the mold industry should also speed up the automation process, popularize all kinds of automation equipment to match the mold production, and improve the efficiency of mold production.

  In addition, mold companies still need to invest more in the research and development of new molds. The mold companies that master the new mold design and manufacturing technology can take the initiative in the increasingly fierce competition, and even stand out.

  In general, the mold industry as one of the two cores of manufacturing, the future prospects are still worth looking forward to. The mold industry should resume rapid growth as soon as possible, and it is necessary to increase technological R&D innovation to meet challenges and seize opportunities.

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