Mold development

- May 30, 2019-

According to the statistics of the "National Mould Professional Factory Basic Situation" compiled by the Management Committee of China Mould Industry Association, China's molds are growing at an average rate of more than 15%, which is more than double the average domestic GDP. Among them, casting molds account for about 5% of the total output value of various types of molds, and the annual growth rate is as high as 25%, and the development is very active.

The development of China's mold industry has given strong support to the manufacturing industry. At the same time, the development of the manufacturing industry has also promoted the development of the mold industry. China has also become a big mold producing country. The number of domestic mold manufacturers has increased to more than 20,000, and the number of employees is about 1 million. The annual output value of molds has reached 55 billion yuan. However, China's mold and machine tool industry is still "big but not strong." Although China's mold industry is now known as the world's "manufacturing power" with huge annual import and export volume, it is relatively concentrated in the low-end and mid-end areas due to factors such as technical talents. Therefore, the high-end market is for the domestic mold enterprises, the economy. The temptation is undoubtedly huge.