Analysis of the Market Status of China's Mold Industry in 2023

Content Overview

In recent years, with the rapid development of China's economy and the continuous improvement of national income, consumer demand has increased significantly, promoting the rapid development of related industries. At the same time, with the development of domestic manufacturing industry, driven by the advantages of labor, cost, demand and other advantages, The gradual transfer of global manufacturing to the country has further promoted the development of my country's manufacturing industry, which in turn has driven the rapid growth of my country's mold demand and provided a strong impetus for the growth of my country's mold industry. According to data, the market size of my country's mold industry in 2022 will be approximately 346.773 billion yuan, a year-on-year increase of 12.6%. From the perspective of market structure, with the steady advancement of automobile lightweighting in recent years and the continuous development of my country's plastics industry, especially engineering plastics and other modern new material industries, the plastic mold market has developed rapidly and has now become the largest mold segment in my country. types, accounting for approximately 45%, followed by stamping molds and casting molds, accounting for approximately 37% and 9%.

Industry Policy

In recent years, various departments in our country have introduced a series of policies to improve the quality performance of the mold industry. For example, the "Notice on Issuing an Action Plan to Further Improve Product, Engineering and Service Quality (2022-2025)" issued in 2022 mentioned that improving the basic quality performance of common parts; strengthen research on basic common technologies, improve the reliability and stability of core basic parts (components) such as bearings, gears, fasteners, liquid and gas seals, hydraulic parts, pump valves, molds, sensors, etc., and extend service life.

Development Status

automotive molds are one of the export market segments of my country's mold industry. my country's Automotive Plastic Mould industry started late. In recent years, it has benefited from the rapid development of the domestic automobile industry, which has brought huge market demand, comparative advantages in labor costs and industry technology. With the accumulation of experience, the R&D and production technology of domestic automobile mold manufacturers have continued to improve. Today, more than 95% of parts in automobile production require mold molding. Therefore, automobile molds are also a major factor in automobile replacement and product development. One of the factors. With the accelerated development of the automobile market in recent years, the replacement cycle of automobiles, especially new energy vehicles, has been shortened rapidly. The development cycle of new models in the current market has been shortened to 1-3 years, and the modification cycle of old cars has been shortened to 4-15 months. The demand for automobile molds has also continued to increase, and the scale of the industry has grown steadily. According to data, the market size of my country's automatic injection molding industry in 2022 will be 108.38 billion yuan, a year-on-year increase of 3.2%. From the perspective of market structure, automotive stamping molds and injection molds are the largest segments. In 2022, their combined market share will reach 73.85%, of which stamping molds account for 40.77% and injection molds account for 33.08%.

With the rapid development of my country's mold industry in recent years and the continuous expansion of downstream demand fields, the demand for molds in my country has increased rapidly, which in turn has promoted the growth of my country's mold output. According to data, my country's mold output in 2021 will be 24.5092 million sets, a year-on-year increase of 5%; by 2022, my country's mold output will be approximately 26.3117 million sets, a year-on-year increase of 7.4%.

From the perspective of mold import and export trade, with the rapid development of my country's mold industry and the expansion of the industry scale, molds can not only meet the needs of the domestic market, but also be exported to the international market in large quantities, and the industry's import and export trade gap is also expanding year by year. Specifically, in recent years, the overall amount of my country's mold imports has shown a downward trend, while the overall export amount has shown an upward trend. In 2022, my country's mold import amount will be 711 million U.S. dollars, a year-on-year decrease of 17.6%; the export amount will be 6.142 billion U.S. dollars, a year-on-year increase of 5.7% . From the perspective of export distribution, the top three regions accounting for my country's mold export value in 2022 are the United States, Vietnam and Germany, accounting for 10.73%, 7.4% and 6.55% respectively.