Casting mold industry prospects can achieve steady growth

In recent years, China's mold industry has grown at an average rate of over 15%, far higher than the average value of national GDP. Among them, the casting mold accounts for about 5% of the total output value of various types of molds, and the annual growth rate is as high as 25%. At present, China’s automobile and motorcycle industries have entered a period of rapid growth, and the output has grown significantly for many years. Especially the cars that are closely related to the foundry industry have grown faster, increasing the demand for complex, precision casting molds. As an important support for the foundry industry, the prospects for the foundry mold industry are promising. It is expected that the domestic auto industry will continue to be the main driving force for the mold and mold industry in the next few years.

Shangpu consulting machinery industry analysts believe that as the Chinese economy continues to grow, the foundry industry will maintain rapid growth and drive the development of the casting mold manufacturing industry. The casting mold market is extremely active. Due to the low cost of mold production in China, with the mold manufacturing Technology improvement and quality improvement. Not only can the import of molds be reduced, but also it is possible to gradually open foreign markets, and mold exports will have great development. And to match it, to improve the mold design and manufacturing level, including: 1. Improve the integration of process and tooling design; 2. To improve the design and manufacturing level of large-scale, sophisticated, complex, long-life molds; 3 to develop high-speed processing technology, improve surface treatment technology, increase the standardization of casting molds and expand the use of standard parts.

According to the "2011-2016 China Foundry Mould Market Survey Report" issued by Champ Consulting, it shows that during the "11th Five-Year Plan" period, China's foundry mold industry has gradually integrated into the world trade integration, and the degree of mold commercialization has been greatly improved. During the “Twelfth Five-Year Plan” period, it is necessary to continue to promote industry management, establish a fair and reasonable price system for casting molds, and further standardize the mold market.

In 2011, the total output value of China's machinery industry was still 25% higher than that of 2010, and its profit increased by 21% compared with the previous year. However, the above growth rate fell by 8% and 30% respectively compared with 2010. Since 2011, the growth rate of China's machinery industry has apparently declined. This shows that the period of rapid economic growth in China has gradually passed. In the future, the industry must adapt to the changing trend of market demand from heavy quantity to high quality. However, Luo Baihui believes that as long as the entire industry accelerates the transformation and upgrading, the prospects will remain bright. It is expected that the production and sales of the Chinese machine tool industry can still achieve steady growth this year.

The huge import and export deficit indicates that the demand for high-end machine tool products in China still exists objectively, and will continue to grow rapidly. If the Chinese machine tool industry can convert excess mid- to low-end production capacity into “high-end” production capacity to meet demand, especially in terms of function The focus on basic products such as components and numerical control systems will shorten the gap, and the competitiveness of the Chinese machine tool industry will increase significantly.