Will Promote The Domestic Mold Industry Great Development

At present, the annual production capacity of the domestic automotive stamping mold industry is only 8 billion to 9 billion yuan, and the demand for molds in China's automotive market has reached more than 20 billion yuan. The rapid development of the domestic automobile industry has put forward higher and higher requirements for the mold industry, and also provides a great impetus for its development. China's mold industry has entered a period of rapid development, in the past 10 years, the mold industry has been developing rapidly at an annual growth rate of 15%. The huge potential of China's automobile market has brought a broader development space for the development of automobile molds. In recent years, the policy of vehicle characteristics (restricting imports and local production of key parts) promulgated by the state has also increased the opportunity for domestic mold enterprises to produce car external covering parts molds. Experts in the industry pointed out that in this industry context, how to seize opportunities and respond to the market, depending on which enterprise is stronger in technical strength, better in product quality, and higher in enterprise competitiveness. In the future, the automobile market is still a strong driving force for the development of the domestic mold industry.