Technological innovation is the main trend in the mold industry, and technological improvement is necessary. This is an important condition for the rapid development of the industry and market demand. Although the mold industry in China started late and focused on low-end products for a long time in the early stage, new opportunities in the industry have been presented with gradual transformation.
At present, there is a high demand for mid to high-end molds in the domestic market, among which the home appliance, automotive, and plastic product industries have a greater demand for molds. According to Huaxia Mold Network, during the 12th Five Year Plan period, the overall trend of the mold market remained stable and upward, but domestic molds were required to meet user needs in terms of quality, delivery time, and other aspects.
In the international market, in recent years, labor costs in industrialized countries have increased, and they are being transferred to developing countries, especially Southeast Asian countries. Its domestic production is mainly focused on producing high-quality and precision molds, and molds with a large amount of manual labor input rely on imports to solve the problem. Therefore, the international market potential for mid to low-end molds is enormous. As long as the quality of domestically produced molds can be improved and the delivery time can be guaranteed, the prospects for mold export are very optimistic. In addition, there is also a high demand for standard mold parts in the international market. At present, China only exports a small amount.
Luo Baihui stated that in recent years, China has imported molds with nearly $1 billion annually, with precision, large, complex, and long-life molds accounting for the majority. Therefore, from the perspective of reducing imports, the market share of such molds and hardware tools will gradually increase. In the future, China's mold and CNC tool industry will also rank among the top in the world.
In the past year, the reason why the demand for cutting tools in China has grown slowly is mainly due to the increase in tool lifespan. In addition, users have put forward requirements for the entire manufacturing process, replacing many machine tools and cutting tools, and the application of multi-functional cutting tools has increased, replacing many single function simple cutting tools in the past.
From the perspective of the technological development trend of the mechanical manufacturing industry, the proportion of high-efficiency CNC machine tools in China's factories will increase year by year, and the demand for high-efficiency advanced tools will also rapidly increase. In addition, due to the increase in labor costs in China, the price advantage of mid to low-end cutting tools will gradually be lost. In response to the increasing demand for advanced cutting tools for CNC machine tools, China's tool industry must change its mindset, vigorously develop the production of efficient and advanced cutting tools, pay attention to sales, and pay more attention to after-sales service, striving to innovate and occupy more market share.