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The development of the automotive mold industry is closely related to the development of the automotive industry, and the steady and rapid development of the automotive industry will greatly promote the development of the automotive mold industry. Molds belong to consumables and are used in large quantities.
Over 90% of the parts in the automotive industry are formed by molds, while cold, hot, and plastic molds are used. On average, 0.12 tons of molds are consumed per 10000 vehicles. In general, manufacturing an ordinary sedan itself requires about 1500 molds, including nearly 1000 stamping molds and over 200 interior parts molds.
According to professional institutions, automobile molds account for about one-third of the market share in the mold industry. According to statistics from the National Bureau of Statistics, the sales revenue of automobile molds in China in 2017 was 266.342 billion yuan. Based on this, it is estimated that the size of China's automobile mold market in 2017 reached 88.8 billion yuan. By 2023, China's automobile production will reach nearly 41.82 million units, with an average annual growth rate of around 6.0%, and the demand for automobile molds will reach around 500 tons.
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