High-end mold will usher in a broader market space

The development of molds has gradually grown and gradually entered various industries, becoming the downstream of its industry and becoming an indispensable part of various industries. With the continuous development of the mold industry, its application scope is also becoming wider and wider. At the same time, it has the characteristics of high output value, high efficiency, and high driving speed. Countries all over the world attach great importance to the development of the mold industry.

Luo Baihui, secretary-general of the International Model Association, stated that in recent years, the domestic mold industry has maintained an astonishing 30% growth rate. The number of domestic mold manufacturers has increased to more than 50,000, and the number of employees is about 2 million. The total annual production value of mold has reached 210 billion yuan. After joining the WTO, relying on the advantages of manpower and cost, the world's manufacturing center was transferred to China, which led to the development of the domestic mold industry.

Although the industry has achieved great development, due to factors such as technology and human resources, the gap between domestically produced molds in terms of service life, precision, and advanced level has increased. Most of them are low-end and mid-range products. The gap in the high-end market is huge.

At present, China's molds with low technological content have been oversupply, while high-tech molds with medium and high-grade molds are still far from meeting demand. Precise and complex stamping dies, car cover molds and other high-end molds still have a lot of room for development.

Nowadays, the development of high-end equipment manufacturing industry has become one of the important economic goals in China. Therefore, the high-end mold manufacturing industry will usher in a broader market space. In order to speed up the development of China's mold industry, the Chinese government will most likely continue to take steady growth, so as to stimulate investment and accelerate growth again. With the strong support of the government, the development of the domestic mold industry can reduce the worries and prosperity!