In Which Industries Are Molds Used Most?

Automobile industry

According to the data of professional institutions, at present, the share of China’s mold market has reached 1 / 3. According to the data of the National Bureau of statistics, the sales volume of China’s automobile molds is 266.342 billion yuan, and the market scale of China’s automobile molds is expected to be 8217, which will reach 88.8 billion yuan in 2017. By 2023, China’s automobile production will reach 41.82 million units, with an annual growth rate of 6.0%, and the demand for vehicle models will reach 500 tons.

Application of molds in the field of consumer electronics: with the improvement of consumption level, the demand for consumer electronics products and the upgrading of products have continued to develop the consumer electronics market and promoted the rapid development of mold related industries. Data show that with the rapid development of smart phones, tablets, personal computers and other terminal products alone, the sales of global consumer products reached 790 billion euros in 2015, an increase of 1.5% year-on-year.

Consumer Electronics

China’s electronic information industry has developed rapidly and has formed a relatively perfect product classification system and industrial support system. According to the data of the National Bureau of statistics, in 2015, the turnover of the national electronic information industry reached 15.4 trillion yuan, a year-on-year increase of 10.4%; Mobile phones, integrated circuits and other major production equipment were 1.81 billion and 108.72 billion respectively, an increase of 7.8% and 7.1% over the same period last year. Consumer electronic devices such as mobile phones, personal computers and tablets account for 50% of the global production share and occupy a place in the global market. 

Application of mould in household appliance industry: with the continuous improvement of people’s living standards, the demand for household appliances is also increasing. According to statistics, from 2011 to 2016, the main business income of the home appliance industry increased from 1101.575 billion yuan to 1460.566 billion yuan, with an average annual compound growth rate of 5.80%. The total profit of the industry increased rapidly from 51.162 billion yuan to 19.69 billion yuan, with an average annual compound growth rate of 18.53%.

Domestic household appliances have formed a complete and independent supporting system and a complete industrial chain. Most of China’s household electrical appliances rely on mold injection molding, and industry agglomeration has created favorable external conditions for the synergy between household electrical appliances industry and mold industry. Experts predict that with the gradual development of household electrical appliances towards intelligence, personalization and lightweight, the pace of upgrading household electrical appliances will be significantly accelerated, and the household electrical appliance market will continue to develop steadily in the future.