The international market potential for mid to low end molds is enormous. As long as the quality of domestic molds can be improved and the delivery time can be guaranteed, the prospects for mold exports are very optimistic. In addition, there is also a high demand for standard mold parts in the international market. Customs data shows that China only exports a small amount.
It is a general trend for the global manufacturing industry to accelerate its transfer to Chinese Mainland, and China will gradually develop into a world-class manufacturing base. With obvious advantages, Guangdong, especially the the Pearl River Delta, will become the world mold production center within ten years. Meanwhile, in recent years, China has imported nearly 1 billion US dollars worth of molds annually, with precision, large, complex, and long-life molds accounting for the majority. Therefore, from the perspective of reducing imports, the market share of these high-end molds and hardware tools will gradually increase. In the future, China's mold and hardware tool industry will also rank among the top in the world.
At least 70% of China's hardware industry chain consists of private or small enterprises, which are the main force in the development of China's hardware industry. China has gradually become a major hardware processing and exporting country in the world, and has become one of the major hardware production countries with vast market and consumption potential. The domestic market has a high demand for mid to high end molds. According to predictions, the overall trend of the mold market is stable and upward during the 12th Five Year Plan period, but domestic molds must meet the needs of users in terms of quality, delivery time, and other aspects. Moreover, the home appliance, automotive, and plastic products industries have the highest demand for molds. In terms of the international market, in recent years, labor costs in industrialized countries have increased and are shifting towards developing countries, especially Southeast Asian countries. Domestically, the production of high-precision molds is the main focus, and molds with high labor input rely on imports to solve the problem.