In the wake of China's reform and opening-up policy, the country's machinery, electronics, light industry, instrumentation, and transportation sectors have experienced remarkable growth. As a result, the demand for molds has surged, with higher quality standards and tighter delivery schedules becoming the norm. This growing demand has drawn significant attention from national authorities, who have recognized the importance of the mold manufacturing industry. Mold technology has been designated as a key research area, with efforts to send professionals abroad for advanced training, introduce cutting-edge foreign technologies, and establish national standards for mold production. These initiatives have propelled China’s mold industry toward substantial progress.
According to statistics, in 2011, the Chinese mold manufacturing sector included 1,589 enterprises with a scale exceeding 20 million yuan, totaling assets of 139.82 billion yuan—an increase of 16.28% compared to the previous year. Sales revenue reached 163.988 billion yuan, up by 27.35%, while total profits amounted to 107.1 billion yuan, reflecting a 13.76% rise. By the first three quarters of 2012, sales revenue had climbed to 128.369 billion yuan, an increase of 13.96%, with total profits reaching 7.346 billion yuan—an increase of 564 million yuan year-on-year.
Domestically, traditional manufacturing sectors such as machinery, automotive, and electronics continue to drive demand. With the adjustment of national industrial policies, emerging industries like aerospace, new energy, IT, medical equipment, and high-speed rail are placing even higher demands on the mold industry, creating new market opportunities.
Globally, the mold market is experiencing a shortage, with a total volume exceeding 150 billion U.S. dollars. China currently accounts for approximately one-sixth of global mold exports, indicating significant potential for further expansion. As economic globalization intensifies, more multinational companies are turning to China for mold production, signaling growing confidence in the industry.
Despite these positive developments, challenges remain. China faces competition from both developed nations, which hold technological advantages in high-end mold manufacturing, and developing countries like India and Thailand, where lower costs provide strong competitive pressure. As China’s own capabilities grow, the cost advantage of its mold industry may gradually diminish.
Experts suggest that Chinese mold companies must focus on technological innovation, management improvements, and workforce development. Investing in advanced foreign technologies and enhancing high-end product development will be crucial for maintaining competitiveness in the global market.
Looking ahead, the mold industry is expected to experience sustained growth. During the "Twelfth Five-Year Plan" period, the market size is projected to expand from 164 billion yuan in 2011 to around 320 billion yuan, with an average annual growth rate exceeding 15%. By the end of the "Thirteenth Five-Year Plan," the market is expected to surpass 500 billion yuan, with a growth rate above 10% during that period.
In summary, while China’s mold industry is well-positioned for continued growth, it must adapt to evolving market conditions and invest in long-term development to maintain its competitive edge.
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