China's mold manufacturing has entered a new stage of development

The mold manufacturing industry is the basic industry of the manufacturing industry. Its development has gradually grown and it has gradually become an indispensable part of the upstream and downstream industries. With the constant 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 in the world all attach great importance to development. China's economy has achieved rapid development over the past 30 years and has a direct bearing on its growth and prosperity. However, the position and role of China's mold manufacturing in the world market are quietly changing today, and the general trend of transformation and upgrading has been irreversible.

In recent years, the domestic mold industry has maintained a remarkable growth rate of 30%. The domestic mold manufacturers have increased to more than 50,000, employing about 2 million people, and the total annual production value of mold has reached 210 billion yuan. With the advantages of manpower and cost, the world's manufacturing center has been transferred to China, which has led to the development of the domestic mold industry. According to Luo Baihui, the secretary-general of the International Model Association, the mold industry has achieved great development. However, due to factors such as technology and human resources, the gap between domestic molds in service life, precision, and advanced level has increased. Most of them are low-end and high-end products. The mold market demand gap is very large.

In 2013, the focus of investment expansion in the mold industry is likely to shift to infrastructure construction such as urban transportation and LED, medical and other industries, thereby promoting the growth of investment in infrastructure investment and social services. Considering the effect of the country’s macroeconomic "steady growth" policy, Luo Baihui believes that infrastructure investment and the development of mold and die cities will advance steadily. It is more likely that the growth rate of investment in the mold industry will stabilize in 2013. It is expected that the investment in the mold industry will be fully realized in 2013. The growth rate will remain above 30%, and the growth rate of fixed asset investment will remain at around 20%. In terms of consumption, endogenous growth has been strong but growth has slowed. The automotive industry, although the growth rate has fallen sharply than before, the pace of development of new models has not slowed down.

The demand for molds is still strong, and the development of strategic emerging industries, as well as energy-saving emission reductions, engineering plastics, etc., will impose higher and higher requirements on molds. In addition to traditional manufacturing industries such as automobiles, electronics, and home appliances, the aerospace, new energy, IT, medical machinery, and high-speed railway industries have also provided new market opportunities for the mold industry. Such as the medical device industry has a strong dependence on the mold, many mold companies involved in the display of vitality; at the same time, with the sensor and other functions of precision, ultra-precision molds, high-light traceless and mold assembly mold, laminated mold And rotary molds, multi-color multi-material injection molds, multi-layer co-extrusion compound molds, multi-functional high-performance molds are also the latest emerging mold development direction, and showed strong growth momentum.

The low-cost advantage that China's mold manufacturing used to win is declining, and it has entered a new stage of development where costs have been rising. Estimates show that in the past 10 years, China’s labor costs have increased by more than four times. Increasing wages year by year is a benign result of economic development that benefits people, but it means challenges for Chinese mold manufacturing. The market competitiveness supported by low cost will inevitably decrease with the increase of costs. Since the international financial crisis, some multinational corporations in labor-intensive sectors have shifted their manufacturing links to Southeast Asian countries with lower labor costs. This has already been explained.