Endogenous demand in the mold market has gradually increased

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.

At present, China's economic growth rate continues to slow down, and the rapid economic growth has significantly weakened the pull of various industries. Market demand is a major factor in the development of the mold industry. Although the downstream industries in various mold industries have weakened the role of the mold industry in China, with the continuous progress of China's mold industry, mold manufacturing technology has improved, and mold types have become diverse. With the promotion of emerging industries such as energy conservation and emission reduction, the demand for endogenous molds in China is gradually increasing.

Although the demand for molds in the Chinese market is still growing further, its growth rate has obviously slowed down compared with the same period in history. Although the automobile, electronics, home appliances, aerospace, new energy, IT, medical machinery, and high-speed railway industries have provided new market opportunities for the mold industry, the demand for molds has continued to slow as the industry's growth rate has declined. This has led to a slowdown in the pace of development of China's mold industry.

In summary, the endogenous demand for China's mold is gradually increasing, but its growth rate has continued to slow down.